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Monday, May 23, 2016

Cameron and Co Talk Bollocks, Whilst Greece Asks for More of The Same


The ongoing tsunami of hysterical warnings about the consequences of the UK voting #Brexit (wherein house prices would fall, the cost of food would rise etc) continue unabated.

However, as calmer heads have pointed out, leaving a high tariff bloc in favour of free trade will most likely cause a reduction in the costs of foodstuffs etc and a fall in the value of sterling would benefit the UK economy.

Cameron and co are talking bollocks and have no idea what the future outside the EU will bring, any more than they can predict and control market forces whilst we remain within the EU.

Meanwhile Greece's ruling coalition, led by prime minister Alexis Tsipras’s Syriza party, has backed the last part of a €5.4bn austerity package that includes further tax hikes as well as automatic spending cuts if budget targets are missed.

For why?

Greece is desperate to remain in the Eurozone.

Yet the price of that desperation is the wholesale destruction of the Greek economy, and the consignment of Greece's youth to decades of unemployment.

Why is Greece so desperate to remain in an organisation that is sucking the very lifeblood out of the country?

UK voters should take note as to the true economic consequences of remaining in the EU club!

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