Tuesday, 8 June 2010

The euro will collapse within 5 years

Experts are predicting the collapse of the Euro in the next 5 years unless the French and German governments can convince voters that it's a good idea to bail out bankrupt member states and hand over more sovereignty to keep it afloat.

Worryingly, the same experts are warning that the financial difficulties could lead to an official federal EU, as opposed to the effective federal EU that we have now.

The UK economy is getting battered because of the impending failure of the Euro even though we aren't a member of that particular white elephant because we are still shouldering some of the cost of propping the currency up and the ill thought out financial regulations that the EU are cooking up at a frightening rate are being applied equally to us, not just the bankrupt Eurozone.