Habeas Domus

Britain Will Join The Euro, Says Michael Heseltine

9 posts in this topic

Britain will join the euro, Conservative peer Lord Heseltine has claimed. The former deputy prime minister, a long-time supporter of the single currency, said the public had "no idea" of the potential impact its collapse would have on the UK.

But he believes Franco-German "determination" will secure the euro's future and pave the way for Britain to sign up. Lord Heseltine, who now heads up the government's regional growth fund, told BBC1's Politics Show on Sunday: "I think we will join the euro.

"I think the chances are the euro will survive because the determination, particularly of the French and the Germans, is to maintain the coherence that they have created in Europe.

"Now they have got a hell of a problem, let's be frank about it, but my guess is that they will find a way through. I hope they will because the downside for the British economy of the euro going under is catastrophic.

"People have no idea of the scale of money British banks are owed by European banks. If the European banks start going it will be our banks that are on the line, our government on the line."

http://www.guardian.co.uk/world/2011/nov/20/britain-will-join-euro-heseltine

One of the problems with the UKs current involvement in europe is that were we to pull out completely, that would probably be the final straw to make the whole thing fall apart (and europeans would all blame the UK for the ensuing financial catastrophe) - so you can see the argument that we should go all-in and sink or swim together.

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It's always sad to see once great minds slipping ever deeper into senility.

When was it the "Tarzan" had a great mind exactly ? He has always been a bit of a buffoon, certainly for the last thirty years

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If the UK has leant that scale of money to european banks, despite the UK already being in debt and deficit, who is the UK indebted to? Surely it is them who should really be worried.

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The likes of Greece and other suothern european nations, not to mention Ireland, must be rubbing their hands in glee at the thought of being able to get their hands on British taxpayers money. QE of £200 billion, anyone?

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Britain joins the euro. Then what?

We give away more money in exchange for more regulation and more laws.

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I'm so close to agreeing with Heseltine.

Almost close enough to post this as a prediction.

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