NICE try by A Reece (You Say, November 24) but he/she isn't getting away with it.
He/she gives us the theory about "more competition via more transparent charges" in EU railways.
What are the facts? Little or no actual competition; increased bureaucracy for the rail companies, with two sets of accounts to keep instead of one; increased government financing needed to pay for that bureaucracy.
A Reece's attempted sleight-of-hand over the euro won't do either. He/she well knows, however reluctantly, that the selling of gold to prop up the euro has had to be done on an almost unprecedented scale.
As for the euro's value, the changes in that (still overwhelmingly downwards) have merely slowed down - the least one might expect after it swallowed all that gold.
And how long will even this limited respite last? A Reece may be prepared to bet this country's economy on the answer to that question.
I don't reckon most us will fall for that one.
JULIAN THAKE,
Mortlake Avenue,
Worcester.
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