As If There Isn't Enough News To Deal With . . .

by Pejman Yousefzadeh on May 10, 2010

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We now learn that Gordon Brown will be stepping down as leader of the Labour party. Obviously, this is perceived as the price that Brown must pay in order to facilitate a coalition between Labour and the Liberal Democrats, in the event that talks between the latter and the Conservatives come to nothing. The problem is that this may add yet more uncertainty in the effort to counter the European financial crisis, and keep that crisis from spreading; a lame duck British Prime Minister is likely in no position to have any real, discernible, and positive impact on the process of bringing about financial stability in Europe.

  • VeryRisky

    He is offering to step down after his party has decided who will be my next prime minister in the autumn. It is a desperate effort to cling on to power without caring about the damage to the country. If he secures a deal to hang on they will make not one shred of an effort to address our chronic structural deficit and will probably make things far worse.

    If the Lib Dems chose this course then a UK Sovereign Debt crisis becomes likely and would be a 'distinctly non-trivial' matter globally.

  • VeryRisky

    He is offering to step down after his party has decided who will be my next prime minister in the autumn. It is a desperate effort to cling on to power without caring about the damage to the country. If he secures a deal to hang on they will make not one shred of an effort to address our chronic structural deficit and will probably make things far worse.

    If the Lib Dems chose this course then a UK Sovereign Debt crisis becomes likely and would be a 'distinctly non-trivial' matter globally.

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