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Frank Hovis

Euro In Danger: Germans Trigger Panic Over Future Of Single Currency

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Ms Merkel believes that the EU should have stronger powers to organise the “orderly insolvency” of countries such as Greece that set giveaway budgets with no means of paying for them. After announcing a ban on speculative share trading in Germany’s top financial institutions and the bonds of eurozone countries until next March, she warned: “This challenge is existential and we have to rise to it. The euro is in danger. If we don’t deal with this danger, then the consequences for us in Europe are incalculable . . . If the euro fails, then Europe fails.”

So Greece has no way of paying for their budget, there we go. And it seems the answer is regulation. Some strong currency!

http://www.timesonline.co.uk/tol/news/world/europe/article7131340.ece

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Read between the lines, the reason she is saying what she says is because she wants those measures approved that she unveiled yesterday, not because the Euro is in any real/immediate danger. It's a salesman pitch, that'all.

Edited by wise_eagle

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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