Steve Baker MP and Professor Philipp Bagus

European politicians, including Spanish President Zapatero and French President Sarcozy, have called for European economic government. Others like Luxembourg´s President Juncker have called for Eurobonds wherein EMU governments collectively provide a guarantee. The UK Parliament has before it a motion supporting the Government’s position that the UK should stay out of the European Stability Mechanism; some of us have been quite exercised about the matter.

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