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Britain Will Join The Euro, Says Michael Heseltine

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#1 Habeas Domus

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Posted 20 November 2011 - 08:20 PM

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."


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.

#2 inflating


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Posted 20 November 2011 - 08:23 PM

Tell them to get stuffed

#3 Butthead


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Posted 20 November 2011 - 08:39 PM

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

No longer the voice of anything



#4 kraft


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Posted 20 November 2011 - 08:55 PM

Britain joins the euro. Then what?

#5 Daft Boy

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Posted 20 November 2011 - 09:59 PM

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
In the dark depths of the lunatic asylum the daft boy is king............Shakespeare

"{C}{C}{C}{C}{C}{C}The Victorians used to find the idiots, lunatics and imbeciles via the census forms. Today we rely on the financial and housing markets to find them {C}{C}".........Daft Boy 2007

"Forget financial charts. We are in uncharted waters. That means what it says on the box. It is foolhardy to try to navigate the South China Sea with a chart of the Solent. It's no good looking over the back of the vessel to get your heading. That is why so many people are ending up on the rocks. Make for a safe haven to protect yourself or you may suffer a big loss". Trust me. I am a licenced boatman...........Daft Boy 2007

#6 vin rouge

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Posted 21 November 2011 - 07:51 AM

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.

"You can't get feathers off a frog"

#7 Debbie568


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Posted 21 November 2011 - 09:05 AM

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?

#8 cockrobin


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Posted 22 November 2011 - 09:42 PM

Britain joins the euro. Then what?

We give away more money in exchange for more regulation and more laws.
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.

#9 DTMark


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Posted 01 December 2011 - 04:19 AM

I'm so close to agreeing with Heseltine.

Almost close enough to post this as a prediction.

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