It seems the Greeks are going to tear up their bail out agreement and the French are to re-negotiate the fiscal treaty that was going to save the world. This is the treaty that Cameron got slaughtered for not signing (about the only worthwhile thing he has done) and socialists (including the lib dems of course with the exception of Clegg) in this country said was a must for the UK. It seems that Socialists elsewhere see this as a bad thing. Me thinks the EU is in total disarray - not that they would admit it. Is it the beginning of the end of the Euro and the EU.
More than likely, can see Greece defaulting, and ditching the Euro, and going back to the Drachma. What other options are there for them, ever more austerity measures, well the people don't and won't tolerate that anymore.
The sceptics have been saying this for a long time, whilst those in favour of the EU and Euro will hang on till the whole thing implodes.
When I studied in Russia in1974 it seemed inconceivable to me that the Soviet Union would ever cease to exist and the Iron Curtain countries would reject communism. 17 years later it was all gone so there is yet hope for us groaning in the shackles of the EU.
I would like to agree with you Mrs O but you only have to look out to sea to understand Europe's importance as a market. I fear we should have a spinoff if the whole thing collapses
that is what i will never understand, whilst other countries have been untying themselves from authoritarian rules and rulers, we have been heading towards it at full speed. That at least is my perception of how the EU operates, and continues on, as a European superstate, makes no sense.
Seadog - do you mean going back to what we originally signed up to join - a common market - although if all these countries are 'skint' they're not going to import much!!!!
it's not as though the EU is the only market, surely it's not beyond the wit of our business leaders, Prime Minister and politicians like the Foreign secretary to be doing their very best for British interests in places like China, India, Brazil, and so forth. They may be already doing that, but if the EU really does go belly up, then someone had better get their thinking cap on, or passports at the ready..
We are the largest net contributor, and have an adverse balance of trade with the EU. If it was wiped out tomorrow, who apart from the Cleggies would mourn?
What idiot would invest in a business whose accounts had not been signed off by the auditors for many years, and whose entire board of directors had been sacked twice for fraud?