Saturday, June 9, 2012


As the Eurozone breaks apart, Britain must go its separate way.
By Charles More. 08 Jun 2012.

This Eurozone crises is so unmanageable because you can’t predict which way it will go. Either the market will collapse but it could also go on for years. The problem is that Europe has no clear democratic authority. From 2008 until now the question is: do we want a European Nation or breakup? Some politicians dare to state that the Euro is doomed. This seems to be the dominant view of the government but they are afraid of what might happen. It might cause a turning point crises bringing down Spain, France, Germany and Britain as well. They still hope for an unexpected rescue. The British should be realistic and step out the Eurozone.
Reaction.

The writer of this article clearly wants Britain to leave the Eurozone. He doesn’t think it is an option to give the European parliament more power. Since I have read “Britain” I understand this better. British people do not like rules and regulations let alone rules, that are made up by people from other countries. The writer would rather cause an immediate crises than wait for a slow downfall.
There are so many experts on this subject and nobody knows what might be the result of certain measures. My idea is that whatever actions  governments in Europe are going to undertake, controlling the banks must be one of them. This can only happen when the European Parliament is allowed to react in a more effective way.

1 comment:

  1. "We will all go down together", probably, either one way or the other. We will probably have to take our losses and move on. But that banks have to be watched and controlled, that is a certainty.

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