Wednesday, September 28, 2011

House on Fire - Eurozone Crisis

Daily Mail: Reports that the UK Foreign Secretary William Hague has called the Euro crisis, a burning house with no exits, and the exits with be tough for Greece, Italy and Portugal. In many respects this is happy hour for Euro critics, this blog is Euro critic, the UK voter has never supported the Euro, its hard pressed to support the EU. But given the present crisis in the Euro the Germans have to get their finger out, pass a big bailout fund, in the end it will come to around two trillion euros, the States that make up the Euro have to give up their power on how they run their own economy, the Greeks and Italians will be owned by the EU/IMF/ECB. Also the Germans have to fund a Euro bond, this will bailout weak Countries of the Euro. The only thing the UK should do is before all this can be pass by all the EU is to make sure there is no Euro tax on the financial sector for those outside the Euro. Thus if a tax is bought in by the Euro Countries all the financial institutions will move to London, a WIN for the UK. Got love the Euro crisis.

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