• Before we entered the Common Market our budgets were balanced, since then (1973) our governments have been borrowing more and more -- even in the so-called boom years.
This, and bailing out the banks, has been responsible for us finding ourselves in our present situation. There was a deficit built into the euro from the beginning when, officially, governments were allowed to borrow 3pc of GDP.
So even from the beginning of the euro there was an in-built agenda to get us into the debt of the banks. The new treaty continues this pattern -- and there will be much more to come which will be to the detriment of our citizens.