Europe Outlaws Keynes.

After the furore of David Cameron's refusal to support Europe's economic plan we asked our economics editor for his analysis; "Cameron was quite right not to sign up to the European plan. Unfortunately he did it for all the wrong reasons - to prevent a nervous breakdown in the Tory party, to head off a referendum in Britain and to protect his rich mates in the City. The true madness of the European agreement has been effectively hidden from view by Cameron pretending to defend Britain's interests. What Europe has done by seeking to control it's members borrowing, spending and tax policy is to effectively outlaw Keynsian economics across the Continent. In a final triumph for monetarism they have made any alternative to it illegal. The really amusing thing is that, even though this represents the victory of Thatcherism over common sense, Cameron still didn't dare sign it. Meanwhile the Chinese are laughing all the way to their state-owned bank as they are left free to stimulate their own economy while Europe is busy cutting its own throat and seems intent on de-industrialising itself at an ever-increasing pace at the behest of the banks. After an unmistakable demonstration that monetarism is insane, completely counter-productive and delivers only increasing inequality and economic meltdown, Europe has decided to inflict even more of it on themselves. They have redifined the meaning of ideology as the exact opposite of sanity."