Letters to the Editor – 12/02 – Eurozone failings, The praise game, Best of Twitter
Eurozone failings
[Re: Globalisation lay behind the Eurozone crisis – but it has also rescued the euro, yesterday]
An interesting analysis, but let’s not diminish the role of economic mismanagement and deep structural issues in the Eurozone crisis. As is shown by the current emerging markets chaos, it can be all too easy to blame “global forces” for problems that in large part stem from structural problems at home. Globalisation has impacted on many Western economies, but the inflexible labour markets of the Eurozone periphery meant they failed to adapt and find a place in the new world economic order.
Andy Young
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The praise game
[Re: Of course we blame politicians for everything – they bring it on themselves, yesterday]
The flip-side to the political blame game Ryan Bourne identifies is that we are often too quick to give credit to politicians for all manner of things that go right. We hail governments for steering us out of recession when the difference between growth and stagnation over a quarter often amounts to fractions of a percentage point – a mere rounding error in such complex calculations. A more critical stance would help cure us of the delusion that governments are to be praised for “creating” jobs, growth and prosperity.
Eric Wright
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BEST OF TWITTER
Glad Tube strike cancelled. But RMT and TSSA conduct amounts to nothing more than bully boy tactics.
@isaby
Flooding reveals inadequate infrastructure for new housing.
@nickherbertmp
Wages for a typical worker are now back to where they were around the turn of a millennium.
@jamestplunkett
Labour’s Treasury team is economic policy-free. No plans for cutting deficit, just for borrowing, spending.
@TweetBrooks