While
I still hope Brexit is shelved, I also hope that the EU reforms, and
hopefully adopts a better overall monetary and fiscal policy, moving away from the austerity based Debt Relief Loan schemes to more Direct Investment funding, that immediately generate new jobs in the areas of high unemployment; Which will in turn, address the current imbalances across Europe, strengthening the Euro and EU bloc as a whole.
I
think it is right that the UK within the EU retains its Sterling
(GBP) and the Bank of England's role. Just as I think it is right
(and more economically viable) for the role of the European Central
Banks to allow, and facilitate fluctuations tailored to and within each EU
member State (by their individual Governments) and even regionally across the current Euro-zone itself.
Whereby,
Regional measures in Harmonious Quantitative Easing may stimulate
growth in specific Regions, revitalizing their economies from within,
as each Regional GDP improves (via falls in unemployment and
increasing tax surpluses to honour EU
contributions and any debt repayment).
In
my thinking austerity is dead. While stimulating growth in Regional
and Local Economies from within themselves is vital, as it bolsters
Community spirit and self sufficiency in a positive way; Where
peoples and individuals can again flourish, without being reliant upon handouts,
unaffordable loans, the need to migrate, or
God forbid, turning to crime in order to physically survive.
Harmonious
Quantitative Easing, The introduction or injection of Cash and Investment bonds into
a Regional / State Economy within certain Agreed Limits, to avoid any
major adverse effect upon other International Trade Agreements,
Exchange Mechanisms and the overall Global Market.
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