First, a lengthy, calm and thoughtful piece from Ambrose in the Telegraph that leaves little doubt that an ordered breakup of the EMU is inevitable and lays out the alternatives now under serious and secret consideration in the Élysée and Bundeskanzleramt. The perverted ambitions of the Federasts will leave our beloved Europe in turmoil, pain, confusion and mutual recrimination and I would gladly see Von Rumpy and Barolo swinging alongside the others over the Thames.
And don't imagine that our own economy will fare any better; in a hard-hitting 30 minutes, Radio 4's 'Analysis' looks at QE through the words of the following;
Dr Adam Posen, President of the Petersen Institute for International Economics in Washington DCThe most frightening truth? "Don't imagine that UK Treasury officials have any sort of plan. They have no idea how it's going to end, still less an exit strategy". That's Boy Osborne and Boy Cameron up there with the rest, then.
Stephen King, Chief Economist of HSBC
Jim Rickards, author of Currency Wars
Professor Richard Werner, Chair in International Banking at Southampton University
Dan Conaghan, author of The Bank: Inside the Bank of England
Dr Philippa Malmgren, former financial markets advisor to the US President