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Larry Elliott – The establishment is trying to keep us in the EU’

Summary:
The Guardian’s Larry Elliott on why we need a clean break from BrusselsLarry Elliott, the economics editor at the Guardian, is more leftist than I thought, as he takes an old fashioned view on the EU rather like in the Tony Benn tradition. That's like me, although I was very pro E.U. up until a few years ago, where I even wanted the Euro not knowing what a disaster that would be.I saw Europe as the bastian of social democracy, but sadly, I came to realise it had become Thatcherite- neoliberal too, a conspiracy against the public. Anyway, it looks like not everyone at the Guardian was for remain. spiked: Why did you vote to leave? Larry Elliott: A number of reasons. I didn’t think the economy was working very well for large chunks of Britain. Economic change comes through shocks – Brexit

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The Guardian’s Larry Elliott on why we need a clean break from Brussels

Larry Elliott, the economics editor at the Guardian, is more leftist than I thought, as he takes an old fashioned view on the EU rather like in the Tony Benn tradition. That's like me, although I was very pro E.U. up until a few years ago, where I even wanted the Euro not knowing what a disaster that would be.

I saw Europe as the bastian of social democracy, but sadly, I came to realise it had become Thatcherite- neoliberal too, a conspiracy against the public. Anyway, it looks like not everyone at the Guardian was for remain.

spiked: Why did you vote to leave?
Larry Elliott: A number of reasons. I didn’t think the economy was working very well for large chunks of Britain. Economic change comes through shocks – Brexit was a massive shock.
I also have an old-fashioned left-wing view of the European Union. I don’t think it is democratic, I don’t think it works very well, and I think it is run in the interests of big business rather than ordinary people. I voted to come out in 1975, along with a large portion of the left, for what were then seen as Bennite reasons: democracy and the fact that it was pro-boss and anti-worker. I haven’t really changed my mind over the past 40 years.
Greece is a pretty big example of this. There’s the way the single currency works – it has austerity ingrained in the Stability and Growth Pact. The way it operates is driven by German thinking: balanced budgets, very hardline monetary policy. You see this in the way Brussels has become a haven for lobbyists for big multinational corporations.
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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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