Influencing Europe - Home levy and debt deal inseparable

Since it assumed office a year ago the Government has been under constant, growing pressure to resolve the shuddering debt crisis.

The Greek €100bn write off and the moderate flexibility shown to Spain over EU compact terms intensified that pressure, as do the business-as-usual, multi-million bonuses being paid to some international bankers.

Yesterday’s less than flattering claims about global bankers and kingmakers Goldman Sachs’ attitude towards clients make it even more difficult to believe that capitalism can work more fairly — or at all — for everyone or even that governments, no matter how powerful, can control the feral greed its abuse facilitates.