I think it’s worth taking a look at this paper:

http://cje.oxfordjournals.org/cgi/content/abstract/27/4/597.

I did not fully understand the arguments but it seems to me that it is very

well researched, the authors are not ‘the normal suspects, the possible effects of reduced liquidity on the Euro zone and many smaller economies

need to be carefully considered.

Carol

provide any arguments, only the repeated iteration of prejudices/vested interests. More time was given over to what I think is the more trivial

matter of MPs’ expenses, not that this issue is trivial in itself, just that what we do about the credit crisis is more important. Perhaps the

closer we get to the possibility of a close/lost election, we will see a concentration of minds. In the words of Benjamin Franklin, if we don’t

all hang together, we shall assuredly all hang separately.