Thursday, October 9, 2008

What about the leaders of the other 23 countries making up the EU,

The financial crisis could be the euro's death knell and even end the shambolic EU

things are happening so fast perhaps we need to reflect on what really happened. On Saturday, President Sarkozy invited Chancellor Angela Merkel of Germany, Prime Minister Silvio Berlusconi of Italy and Gordon Brown to Paris for an 'emergency summit' to discuss the crisis. 'It is of the essence,' said Mr Sarkozy, 'that Europe should exist and respond with one voice.' This, in itself, was odd enough. Why were only these four governments represented - along with the president of the European Central Bank, the man in charge of the euro? What about the leaders of the other 23 countries making up the EU, many of whom were deeply disturbed at being excluded from this cosy get-together?

Posted by malct @ 03:08 PM (879 views)
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11 thoughts on “What about the leaders of the other 23 countries making up the EU,

  • The fact that just four of them couldn’t keep to what they supposedly agreed to says it all.

    What hope if there had been 23 others there too?

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  • The markets think that they are better off with €s than £s or $s…

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  • I think there is more chance of it being the end of the UK, we seem to be taking the hardest financial punches.

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  • sold 2 rent 1 says:

    Will the final capitulation in stocks in the next week or 2 be linked to massive problems with the EU?

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  • There’s no mechanism within the EU to do the sort of thing that UK and US have just tried. Equally, each country itself is stuffed because it can’t control the bank directly.

    Mind you, it may be better if there is no government bail out in the EU. The market may sort it all out much quicker without the politicians interfering.

    But is there a fan big enough to handle all the sh!t?

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  • mark wadsworth says:

    The EU has to end sooner or later, you just can’t know when or what will trigger it.

    For example, the Indian nationalists had been railing against the British Empire for decades … what finished it off was the Japanese invading South East Asia, after that the Enpire crumbled.

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  • Whostolemyendowment says:

    It just goes to show that within the EU only these countries are seen as the core. To have all member states attend would not have achieved anything (or rather even less)….they’d still be talking now.

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  • It’s a fair bet that the EU will end in tears at some point – provided there’s no blood spilt, that’s good by me.

    As long as national interests prevail over the collective interest (and there’s little chance of that changing..) the euro is under threat.

    Most of the people who live in the eurozone are not entirely wedded to the euro, and the current upset could well highlight the problem of incompatible economies sharing the same currency.

    Germany and France should be able to weather this storm with relatively little damage, but if Ireland and the Club Med countries are seen to be dragging them down, they might well break free. Every so often France throws its toys out of the pram, and since they lost effective control of the EU, things have been simmering..

    ..wait for it!

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  • japanese uncle says:

    May I repost the following]
    ———————————————-

    If euro and monetary union was engineered as a step towards NWO, the architects behind this had better climb to the top of the Eiffel Tower, shut their eyes and jump, then they will certainly see the new world (whether it will be orderly or not I am not sure) developing in front of them. Whether the ill-thought-of launch of euro without envisaging the blindingly obvious possibility of the development as we see now, i.e. the crack of the union due to the severe complaints of the nations who in the midst of recession, are left helpless without any monetary policy measure available to them, or the pathetically disorganized proceedings of the 911, their planning capability seems comparable to that of the Pithecanthropus erectus.

    Anyway the economic storm in store for the euro zone (yes it has hardly begun) means that euro could be no more in 2010.

    Monday, April 7, 2008 12:22AM

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