Cameron vows not to bail out ailing Euro

Jeff Randall writing in the Telegraph this week was being pessimistic about the survival of the Euro. "No amount of pit props from Berlin can save the euro Mk I from collapsing under the weight of its structural dysfunctionality", he opines. And today we hear that David Cameron is not in a mood to prop up the Euro either. He is in Berlin, with Angela Merkel, (not his favourite Aunty) and has come out and said so. The Telegraph says today:

Mrs Merkel has suggested that all European countries need to be willing to surrender more sovereignty to give the EU powers to prevent another Greek-style eurozone crisis. 

Well, I don't think so darling, and neither does Dave. He has an effective veto in this area and puts it thus:

''Britain obviously is not in the euro and Britain is not going to be in the euro, and so Britain would not be agreeing to any agreement or treaty that drew us further into supporting the euro area.'' 

Well said. Well, at least well intended. I just hope this is not one of Dave's "cast iron guarantees" If only the weasley Brown had not crept in the back door to sign the Lisbon Treaty, we might not even be having this conversation. None of my regular readers will be surprised that I want out of Europe altogether. We don't need  it, and going by today's account, for once, we have the upper hand. Let us hope David Cameron stands firm.


Ruth@VS said...

Hear, hear and let's hope he pushes the other line he made today, that the EU must be prepared to have budget cuts if it insists national governments do. I'm with you on withdrawal from the EU - all we need is a trade arrangement, on a par with Switzerland and Norway, not all the daft regulation that comes with the EU.

Personally, I'm quite glad the Euro is tanking at present - my delivery costs from Germany have come down by £2 an order in the last few weeks, long may it last!

Wrinkled Weasel said...

Ruth, I am waiting for the pound to be able to buy at least two Swiss Francs. It is good to learn that at least one of your overheads has been reduced.