Trams would result in pollution problem for Edinburgh streets
The main reason why the Scottish Government should intervene and stop the Edinburgh tram project is the same reason why the Westminster Government should have intervened to stop the financial boom and mortgage crisis: the potential indebtedness is too great ("Call for tram public inquiry", The Herald, June 24).
Individual banks had neither the reserves nor profitability to underpin their balance sheets, and so the liability inevitably fell on the UK taxpayer. In the case of the trams, the potential indebtedness is so great that Edinburgh City Council cannot underpin potential future liabilities.
Trams would result in pollution problem for Edinburgh streets
The main reason why the Scottish Government should intervene and stop the Edinburgh tram project is the same reason why the Westminster Government should have intervened to stop the financial boom and mortgage crisis: the potential indebtedness is too great ("Call for tram public inquiry", The Herald, June 24).
Individual banks had neither the reserves nor profitability to underpin their balance sheets, and so the liability inevitably fell on the UK taxpayer. In the case of the trams, the potential indebtedness is so great that Edinburgh City Council cannot underpin potential future liabilities.
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Don't show me this again.