[garinda]

Originally Posted by Eric

You forget to mention that the present govenor of the Bank of Canada, Mark Carney, spent 13 years with Goldman Sachs ... not that it matters a hill of beans when it comes to doing the best for Canada. He has been credited with shielding Canada from the last financial crisis. He is the current chairman of the Finacial Stability Board ... another international link ... a recognition not only of his personal abilities as an economist (got his degrees at a place called Oxford, I believe), but also of the strength of Canada's financial institutions. Whichever way you look at the current international economic picture, we will survive better than most. Still, the biggest threat to the world economy is the mess that the Europeans have got themselves into ... the short term for which is "EU." Which probably means that those of you who belong to the "let's get out now" group are right, and that Cameron, Clegg, Milliband et al. ... and, yes, your own MP ... are dead wrong. In the long term, the best thing for the UK would be the disintegration of the European Union.

Niall Ferguson wrote an interesting essay on a future vision of Europe, in yesterday's Sunday Times.

Handily, because you have to pay for the online version, he's also flogged it to The Wall Street Journal, where it's free.



Niall Ferguson on 2021: The New Europe - WSJ.com