GERMAN AND FRENCH OUTPUT, SHOULD WE SMELL A RAT?

As any moderately bright observer would know, Germany and France will emerge from the current economic doldrums much quicker than here in GB. The reason being, that our debt is far greater than their's. However, we can rest assured that much fudging is going on. Their scrappage schemes are due to end sooner, rather than later. They, sensibly, don't rely upon property purchase that gives Brits a false sense of wealth. By the time our property bubble burst, an educated guess would suggest that houses were changing hands at around twice their logical price. Neither Germany nor France pursues this stupidity. We will, therefore, have to wait much longer than our main competitors, as the debt factor won't disappear in a cloud of smoke.

It would also be correct to observe that neither will Germany or France's debt, although much smaller, become non-existent overnight. The increase in growth figures are more than likely sinister, giving the impression that the EU is in good shape.









SPURRING THE IRISH INTO A CONSTITUTIONAL YES VOTE.