Subsequently even Sir Eddy George confessed that it makes no economic sense when one common interest rate must apply to the entire market without any regard to individual countries.
Now, it is alleged that ICAEW president Graham Ward is in favour of the EU. But he was also reported to say:
- Dysfunctional relationships and lack of transparency are hindering progress.
- A prosperous Europe would only be achieved through strong leadership and a solid financial framework.
- Perception of more and more regulatory output for its own sake and extremes of bureaucracy leading to financial incompetence.
So those are the plus points! I’m glad the article stated he was in favour – I would never have guessed.
John Bradley, Allendale.
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