Saturday, 3 December 2011

Europe's crunch day: 9th December

It is no exaggeration to say that next Friday is the day which will determine Europe's destiny. The EU summit meeting will determine the road Europe will take: either towards fiscal union and the creation of a United States of Europe, or towards disintegration of the EU project and world wide economic depression.

Undoubtedly there will be much conjecture during next week.  For my part I shall await the outcome of the deliberations, so you will be spared further postings on this subject until the decisions of the summit are known.

Two articles you may wish to peruse:

http://www.telegraph.co.uk/news/worldnews/europe/eu/8931546/The-eurozone-crisis-we-need-more-than-prayers-now.html

http://www.telegraph.co.uk/finance/financialcrisis/8932490/Angela-Merkel-vows-to-create-a-fiscal-union.html

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