“You cannot carry on forever squeezing the productive bit of the economy in order to fund an unprecedented engorgement of the unproductive bit.”
“You cannot spend your way out of recession or borrow your way out of debt.”
“On any measure, Spain's bank rescue has been a disaster. A hundred million euros have been added to the national debt, ten-year bonds are at a record high and the country's credit rating has been downgraded three notches.”
“The truth, Prime Minister, is that you have run out of our money. The country as a whole is now in negative equity. Every British child is born owing around 20,000 pounds. Servicing the interest on that debt is going to cost more than educating the child.”
“Whenever the debate moves on to hard numbers - our deficit with Europe, our surplus with the rest of the world, our Brussels budget contributions, the tiny part of our economy dependent on sales to the EU, the vast part subjected to EU regulation - Euro-enthusiasts quickly shift their ground and start harrumphing about influence.”
“Prime Minister, I see you've already mastered the essential craft of the European politician, namely, the ability to say one thing in this chamber and a very different thing to your home electorate.”
“The 'Robben Island Bible' has arrived at the British Museum. It's a garish thing, its cover plastered with pink and gold Hindu images, designed to hide its contents. Within is the finest collection of words generated by human intelligence: the complete works of William Shakespeare.”
“Political reporters no longer get to decide what's news. The days when a minister gave briefings to a dozen lobby correspondents, and thereby dictated the next day's headlines, are over. Now, a thousand bloggers decide for themselves what is interesting. If enough of them are tickled then, bingo, you're news.”
“A trillion here, a trillion there and pretty soon you're talking about real money.”
“The 'EU in a Nutshell' is a miscellany of facts and anecdotes about the system which rules us. It's a book you can delve into in pursuit of a particular fact, or crack open for entertainment at virtually any page.”