Monday, 29 November 2010

Letter by BNP candidate Ralph Musgrave in today's Northern Echo:

GEOFFREY Bulmer might be right in backing Britain’s loan to Ireland (HAS, Nov 25). But our money is not 100 per cent safe.

Ireland could descend to chaos as a result of the austerity and become incapable of repaying its debts. Doubtless Sinn Fein would back this option. Sinn Fein would get plenty of votes by portraying Brits and Germans as wicked absentee landlords.

Alternatively, Ireland (perhaps along with Portugal, Spain, etc) might go for a more organised withdrawal from the euro.

They might then just stick two fingers up at their creditors, and revert to the Irish punt, Spanish peseta, etc.

Ralph Musgrave, Durham.

And one from last week:

REGARDING your leading article (Echo, Nov 17) which said “when countries go head-to-head with the money markets there can only ever be one winner”.

While that is true at the moment, it doesn’t have to be that way.

Currently, banks devote enormous efforts to wrest control of the world’s economies from democratically elected governments.

For example, there are allegedly ten bank funded lobbyists for every member of Congress in the United States.

Or, as Senator Dick Durbin put it in reference to Congress and banks: “Frankly, they own the place.”

Ralph Musgrave, Durham.

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