BBC News: Reports that the plan announced yesterday by Germany and France for more Eurozone integration has failed to appease the Markets. This was a missed opportunity by France and Germany, their plan will take years to develop, also one can postulate that it will require a new referendum is some Eurozone Countries, there is a chance it would fail. If the German Government wants the Euro to survive it will have to back a Euro bond, this will place all debt of the Euro zone in to one debt pot, lower interest rates, but at a cost, the Germans will be the banker, can the German Government sell the idea to the German people, are the Germans getting tired of the constant bailouts. Also more integration means more regulation for the Eurozone Countries, this could have negative effect, as the UK is out of the Euro it could gain in economic terms, take business tax lower than the Euro, thus the plan might just be to late, few years ago it might have worked, now it can be argued 60/40% it wont work, time has moved on folks.
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