The curious case of the veto

  It is very odd that a right-wing politician tries to stop a very right wing piece of legislation. If one examines the plans of the treaty for fiscal rectitude the only possible descrition would be that it is anally retentive.

   As Larry Elliot in the Guardian on Saturday has argued, these proposal will probably condemn Europe to 10 years of stagnation, if not of recession. It would make sense for a left wing government not to sign up or even to seriously try to halt the plans but for a right wing government being lead by Cameron & Osborne it makes no sense. The limitations on deficits will destroy any governments plans for growth or for helping the poor without massive levels of taxation.

  It would be interesting to check with current members of the European Union satisfy the restrictions being planned. Perhaps a more educated reader than myself could elucidate this fact. There is also the issue of fiddling the returns, games which both accountants, politicians and economists seem to be masters of. The whole PFI fiasco, invented by John Major's government and adopted so enthusiastically by Blair & Brown is such an example. It pretsens public expenditure id prive!