{"id":3110,"date":"2012-06-11T20:04:47","date_gmt":"2012-06-11T19:04:47","guid":{"rendered":"http:\/\/www.jcm.org.uk\/blog\/?p=3110"},"modified":"2012-06-11T20:04:47","modified_gmt":"2012-06-11T19:04:47","slug":"a-terrifying-but-promising-sign","status":"publish","type":"post","link":"https:\/\/jcm.org.uk\/blog\/2012\/06\/a-terrifying-but-promising-sign\/","title":{"rendered":"A terrifying but promising sign"},"content":{"rendered":"

Oh, sure, it sounds terrifying at first<\/a>:<\/p>\n

<\/p>\n

“European finance officials have discussed limiting the size of withdrawals from ATM machines, imposing border checks and introducing euro zone capital controls as a worst-case scenario should Athens decide to leave the euro”\n<\/p><\/blockquote>\n

<\/em><\/p>\n

But hell, at least it’s a sign that the buggers in charge are starting to take things a little more seriously.<\/p>\n

The euro seems to have been run from day one on a mixture of wishful thinking, misdirection and (increasingly bad) luck. It’s about time some proper contingency plans were put in place – because even if these do smack somewhat of scare tactics designed to knock people into line, the fact that they are being discussed at all is at least a sign that the powers that be are waking up.<\/p>\n

Because there *should* have been eurozone exit contingency plans in place from day one, had the thing not been devised an implemented by a bunch of deluded, blinkered idealists who refused to believe in even the *possibility* of failure. That there weren’t was arrogance of the highest degree.<\/p>\n

The admission of the possibility that things could go tits up shows a degree of humility that’s long been missing from the European project, and as such should be welcomed even as it scares the hell out of us all.<\/p>\n","protected":false},"excerpt":{"rendered":"

Oh, sure, it sounds terrifying at first: “European finance officials have discussed limiting the size of withdrawals from ATM machines, imposing border checks and introducing euro zone capital controls as a worst-case scenario should Athens decide to leave the euro” … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60,12],"tags":[],"class_list":["post-3110","post","type-post","status-publish","format-standard","hentry","category-economics","category-eu-reform"],"_links":{"self":[{"href":"https:\/\/jcm.org.uk\/blog\/wp-json\/wp\/v2\/posts\/3110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jcm.org.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jcm.org.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jcm.org.uk\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jcm.org.uk\/blog\/wp-json\/wp\/v2\/comments?post=3110"}],"version-history":[{"count":1,"href":"https:\/\/jcm.org.uk\/blog\/wp-json\/wp\/v2\/posts\/3110\/revisions"}],"predecessor-version":[{"id":3111,"href":"https:\/\/jcm.org.uk\/blog\/wp-json\/wp\/v2\/posts\/3110\/revisions\/3111"}],"wp:attachment":[{"href":"https:\/\/jcm.org.uk\/blog\/wp-json\/wp\/v2\/media?parent=3110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jcm.org.uk\/blog\/wp-json\/wp\/v2\/categories?post=3110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jcm.org.uk\/blog\/wp-json\/wp\/v2\/tags?post=3110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}