Will the Euro Collapse?
EU and all its problems has marginalized Britain, for saying NO.
The EU needs to sort out its debt crisis, and although the name calling
by France took the spotlight off Germany and the rest of the EU for
not attempting to solve the immediate crisis of its debt problem.
It is a possibility that the euro may collapse, what is more likely
is that the Eurozone will contract over the next 2 years, with those
on the edge of the Eurozone leaving, and settling their debt crises
by reverting to their original currencies, which will allow them more
flexibility to solve their debt problems. Why another 9 countries
want to sign up to the euro is beyond me, with the Eurozone about
to go into freefall, the 9 countries would have been better saying
NO as Britain did.
They have only technically signed up to the principal, the small print
has to be negotiated and agreed by all, which is highly unlikely.
More sour grapes from the French, the chairman of the French Central
Bank, Christian Noyer, said ratings agencies should downgrade the
UK before France because its economy is weaker. Mr Noyer told a regional
French newspaper that any downgrade should start with Britain "which
has more deficits, as much debt, more inflation, less growth than
us [France] and where credit is slumping".
He should really be telling Cameron, Clegg and Osborne.
Now is the time for Britain to say YES, and start leading the world
by example. We need to get Britain working and businesses growing
again. And not by saying YES or NO to the EU.
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the Euro collapse? : What
is a Coalition Government? : Correct