Guest blog from Lord Harrison: The European Union has money troubles. The banking crisis in 2008 was a global disaster whose impact on the EU is still being felt. Just days ago Portugal’s government fell when its plans to cut Portugal’s enormous budget deficit were rejected. It is now paying over 8% interest (that’s compared…
This is a quite extraordinary crisis with no end in sight yet. Both Houses of Parliament have had Ministerial statements made recently. The following one was made in the Lords yesterday and I made a contribution on the intergovernmental aspect of the crisis. http://www.publications.parliament.uk/pa/ld200708/ldhansrd/text/81008-0004.htm It is a rash person who draws too many conclusions just…
