Michael Meacher MP

While the British election meanders along its somewhat flat and lacklustre course, disconnected from the real fundamentals, an ominous cloud is gathering elsewhere in Euroland.   The Greek Government’s decision to initiate help from the IMF and ECB, because it cannot finance the market’s bond yields while still hoping to cut its budget deficit, could on the worst scenario trigger a domino effect across the EU.   The obvious next candidates for vigilante financial attack are Portugal and Spain, with the UK on the outer margins. (more…)