At the moment, it is much better to be a financial cripple with a government guarantee than a Gibraltar without one.Will he cause a PC ripple
by using the banned word "cripple"?
Maybe the Word Police will give him a pass. He did support the Democratic Party in this last election.
This is just one more example that the Government does not and cannot manage the economy other than to the detriment of individuals and business entrepreneurs.If you are a Gibraltar,
you stand firm against the sea.
But if you are a defaulter,
you really need a guarantee.
Saving the insolvent, we alter
the odds in favor of instability.