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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (50740)	3/25/2013 3:06:50 PM
From: ggersh	Read Replies (1) \| Respond to of 71475

Cousins, twins separated at birth? Why even he weighed in...Dunce 14.45 David Cameron has voiced his approval of the new bail-out deal, even using the catastrophic state of Cyprus' economy as a justification for austerity measures here in Britain. The prime minister also repeated assurances that British military and foreign office personnel will be "protected" from the consequences of last night's deal. It is good that an agreement has been reached overnight and I think that is welcome for people in Cyprus. I think the first proposals of taxing people with bank accounts under £100,000 was a complete mistake and I am glad that has been avoided. I think, from Britain's point of view, the situation in Cyprus is a reminder of a couple of important home truths. The first is it was right not to join the euro, we are better off outside the euro. We can have our own economic policy, our own monetary policy and mend our fragile economy, which is badly in need of mending. But I think the second lesson is that while it is very difficult, there isn't an alternative to getting on top of our deficit, to getting our public spending under control, to making our economy more prone to growth. Comments weren't over the top, maybe one or two get it, but blaming the Cypriots?????