Volcker Fears Potential Disintegration of the Euro, Without Common Fiscal Policy

Saturday, May 15th 2010 - 04:39 UTC

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Former Federal Reserve chairman and advisor of the Obama administration is concerned that the Euro area may break up after the Greek fiscal crisis that sparked an unprecedented bailout by the region’s members. Read full article

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agent0060
Volcker is an idiot. The problem is an artificially-imposed currency, the Euro. The Euro is a mechanism for creating the “United States of Europe”, and therefore has American support. Fortunately, David Cameron has already said that Britain will not adopt the Euro during his premiership. Safe for a few years then!
May 15th, 2010 - 06:52 pm - Link - Report abuse 0
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Rhaurie-Craughwell
excellent the collapse of the Euro will put an end to many pointless costly burecratic projects, could we see an end to CAP and CFP? Both of the most destructive policies ever implemented by the EU

No country would be stupid enough to hand over all fiscal control to an unelected body in Brussels... or would they? I can think of a few impotent limp wristed Europhile leaders, Nick Clegg for one, thank god he's in a coalition with the Conservatives, they will keep his Europhile beliefs under control!

Agreed Vockler is a fool but a wise fool, it's long been known that the Euro was an artificially imposed currency for political purposes, I believe no country was actually given a referendum on whether they wanted these most visible of changes?

The sooner it is rid off the better for all countries of Europe the EU should get back to it's core values of a free trade alliance not some quasi Federal bureaucratic regulatory body.
May 16th, 2010 - 03:57 pm - Link - Report abuse 0
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