European “contagion’ must be resisted
Cameron and Osborne appear oblivious to the crisis unfolding in front of
their very noses. While standing on the edge of a precipice, they are
busy reassuring everyone that Britain has nothing to fear from the
European financial crisis. They are the modern equivalent of the emperor
Nero, who fiddled while Rome burnt. British banks, they say, are sound
and with enough capital to insulate themselves against a sovereign debt
crisis across the Channel.
