Shocking news, comrades. The Revolutionary Communist Party has declared that national control of economies should be a thing of the past.
“I do not believe in the sustainability of a small floating currency. Look at the pound, it’s being attacked,” he said in interview with the Daily Telegraph.
“The euro is a good move. People have to abide by the Maastricht criteria, so it imposes discipline. Other options are less palatable if you really want to become a big strong economic union.”
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Mr Tsang, as always wearing his signature bow tie, said it will be impossible for the Far East to launch its own currency union until China makes the renminbi convertible. This is not yet remotely on the agenda.
But it will be. Then of course, the currencies could all combine. There’d need to be a government to control it of course. Sort of a world government. One economy, one government, for the future of all.