David Cameron has given his strongest warning yet that the euro is doomed to fail as fears grow that Greece is close to crashing out of the single currency.
The Prime Minister dismissed new French president Francois Hollande’s claim that Britain was ‘indifferent’ to the fate of the eurozone ... "...we take a different view about the euro. We didn’t join. We think that single currencies really require single governments if they are going to work properly. ... ‘There’s nowhere in the world that has a single currency without having more of a single government.’EUROPE WILL NOT GROW UNTIL THE EURO IS KAPUT.
THE EURO WON'T GO DOWN WITHOUT A FIGHT, AND THE SHORT-TERM CHAOS WILL BE DIFFICULT, BUT THE LONG-TERM BENEFITS WILL BE ENORMOUS.
GREECE CAN AND SHOULD LEAD THE WAY BY EXITING ASAP.
IT WILL BE DIFFICULT AT THE START - AS IT WAS FOR ICELAND - BUT IT WILL MEAN A BETTER ECONOMY AND MORE DEMOCRACY FOR GREEKS.
AND THAT WILL HELP ALL OF EUROPE. AND ASIA:
Asian stocks dropped, with the region’s benchmark index heading for its lowest close in three months, as political tension in Greece fueled concern Europe’s debt crisis may worsen, weakening the outlook for exporters.IT WOULD BE GREAT IS CAMERON AND THE TORIES BECAME MORE EURO-SKEPTICAL.
IN FACT, CAMERON HAD BETTER OFFER THE EU REFERENDUM HE PROMISED ASAP IF HE WANTS TO STAY IN POWER.