David Cameron blames UK double-dip recession on eurozone

[alp227]

Source: The Guardian

David Cameron on Sunday held out the prospect of the UK economy being dragged down for years, as he predicted the euro crisis was "nowhere near half complete" and warned the single currency may yet break up. He also admitted efforts to move the UK economy away from dependence on the City and the public sector were not going fast enough.

Speaking at the start of a week of elections in Europe, including for the French presidency and the Greek parliament, Cameron's suggestion that governance of the euro is not yet resolved will anger the German chancellor, Angela Merkel, as she seeks to steady increasingly nervous markets.

Cameron's dire warning about the euro in part reflects a desire to explain that the continued problems in Britain's main export markets had led the UK last week to slip back into recession. Asked if the world was halfway through the crisis in the eurozone, he told BBC1's The Andrew Marr Show: "I don't think we're anywhere near halfway through it."

Many commentators would argue the eurozone crisis started in late 2009, implying that Cameron believes it will stretch on for many years. Describing "massive tensions" inside the eurozone, he said: "I think it's going to be a very long and painful process in the eurozone as they work out do they want a single currency with a single economic policy and all the things that go with it, or are they going to have something quite different? That, they have to decide about."

Read more: http://www.guardian.co.uk/politics/2012/apr/29/cameron-double-dip-eurozone

[aquart]

1. Not his own idiotic policies? How special.

Austerity and privatization destroy economies.

[Fearless]

2. How about blaming it on the fact that you didn't do a damn thing

To change the policies that caused the first one in the first place!

[onehandle]

3. If Rmoney is elected, we will hear this from him a year later.

When we double-dip.

Except he will blame it on unions, the poor, and his predecessor.

[cstanleytech]

7. True and he will ignore the fact that the problems started before his predecessor was even elected

because after all he like so many other republicans refuse to accept responsibility.

[lovuian]

4. Until they get their population working

an quit making the poor poorer and the rich richer

[orwell]

5. Why do people...

...keep electing the RW morons.

Their policies have been proven time and again to be destructive, and yet the continually dominate the debate with this idiotic ideology.

"Insanity: doing the same thing over and over again and expecting different results. "

- Albert Einstein

[cstanleytech]

8. Well its been proven alot of those who tend to be extremely conservative do have

lower IQs and dont like change which could explain it, after all even though they know the course is bad they dont want to change it because change frightens them.

[Lydia Leftcoast]

6. Yeah, Cameron, your country is already in recession, so you lay off

how many thousand government employees was it? You raise the VAT, which hits the poor and middle class the hardest? You cut social programs, especially the ones that actually help people who are down and out?

And you blame the EUROZONE?

To paraphrase the character Joy Davidson's remark in Shadowlands (played by Debra Winger in the movie), "Are trying to goad [us] or are you really that stupid?"

[Dawson Leery]

9. Britain is in a recession due to you, Davy.

You and your damn tories raised taxes on middle and working class people, while cutting taxes for those at the top and eliminating vital social services.

[davidwparker]

10. Whenever conservatives get into office, recession and depression follows. They

leave a wake like the 4 Horsemen of the Apocalypse.

[Turbineguy]

11. An interesting concept

since most of the financial manipulation of European debt occurs in London by speculators.