Saturday, November 20, 2010

Who knows?

William Hague calls the future of the euro into question

William Hague raised doubts about the future of the euro yesterday, suggesting for the first time that it was possible the currency could collapse. Mr Hague, a long-standing critic of European monetary union, said he hoped the single currency would not collapse, but he acknowledged that this was possible.

Posted by devo @ 09:55 PM (2562 views)
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3 thoughts on “Who knows?

  • Hehe, the Torygraph’s circulation must have taken a knock again!

    “As the crisis intensified yesterday, the head of the International Monetary Fund provoked outrage among eurosceptic MPs by saying that a Federal Europe with more sovereign power was the best defence against future problems.” This *will* be the direction the EU takes next. A bit of a no brainer, really. In the longer term the whole of Europe needs to co-ordinate its economies much more than at present. This is the way globalisation is going. Look at the world from the UK’s point of view and you can deny this. Look at it globally and you can’t; only as a coherent block will the EU have any influence in 20 years.

    It is interesting that now they are in government the Tories, partly because of the pressure of the coalition, and partly through pragmatism, have to keep skirting round those dog-whistle issues that their hard-line supporters want them to take head on. They can’t, and won’t. So the coalition is not all bad.

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  • Words come cheap.

    Cameron had no need to up our contribution to this great crock of sethi – but he did.

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  • Just couldn’t resist….

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