Wednesday, June 22, 2011

Darling, We Must Act Now

More renowned for his eyebrows than economic competence

Alistair Darling writes in today's Times...

"Can the eurozone survive in its present form? Not if its members carry on the way they have over the past year. Hoping that something will turn up won’t do. If we have learnt anything from the economic crisis for the past three years, it’s that if you have a problem, you need to fix it now."

Did he really learn that lesson? There's not much evidence on the deficit front from the time he was chancellor. Although, at least he planned to get round to doing something about it after the 2010 general election (if Brown/Balls had allowed him, and, indeed, if he were kept on as chancellor at all). But his replacement as shadow chancellor wasn't and isn't so keen on fixing the deficit problem "now" or even then or after that for that matter.

Such a statement is a bit rich coming from a key player in the creation of the deficit disaster, and in no way reflects his real actions while in government or his successor's intentions now.

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