Canadian Mark Carney is to be the next governor of the Bank of England, starting Summer next year.
Apparently we do not have anyone in this country able to do the job. Or, perhaps that should be, willing to do the job. Did all the insiders take a look at how bad the situation is and decide they do not want to be the one to blame? Send for a foreign scapegoat!
Much is being made of the fact the Carney is a former Goldman Sachs employee; something he shares with almost every other central bank governor in Europe. Well, much is being made of it by a lot of people, but not the BBC who don't mention it.
Carney has negotiated himself a tasty deal - a five year contract on twice what Mervyn King is earning. He is on record as not being a candidate for the job but seems to have changed his mind. He will be applying for British citizenship. (Is that really necessary? Surely a five-year work permit would suffice?)
Carney has the same easy money track record as Merv. He's not likely to be rocking the boat at the BoE.