The Mudcat Café TM
Thread #142578   Message #3287988
Posted By: John MacKenzie
10-Jan-12 - 07:38 AM
Thread Name: BS: Fred Forsyth's Letter to Angela Merkel
Subject: RE: BS: Fred Forsyth's Letter to Angela Merkel
The fate of the Euro will not be changed in any way by what Cameron does, or does not do.
As was alluded to in the diatribe attributed to FF, the rules were not policed properly, and countries were allowed to borrow, way over the limit of GDP proscribed in the rules of the EU.
The EU budget itself has not been agreed, or signed off by the auditors for many years, as they cannot be reconciled.
A one size fits all policy will never work, when applied across countries with economies as varied as Greece and Germany.
They have painted themself into a corner by refusing to consider any other solution except continuation of the headlong rush to mass bankruptcy. Ireland, Greece, Italy, Spain, and whatever over borrowed economy next?
The preferred option seems to be for the World Bank to print more money, and dig them all out that way.
If you are against our government bailing out Northern Rock, and RBS, then you should be against the same thing being done for the Euro.
I voted YES to join the Common Market, as I think derestricted trade, and free movement of labour across borders is a good idea. I do not recognise this monster that the Common Market has become.
I feel the need of a silver bullet, or a wooden stake.