Euro update

Quite apart from the current travails in Spain and Greece, the issue which is coming to the fore is that of closer political integration in the eurozone.  How will the UK respond to the issue?  Is it conceivable that such integration will be limited to eurozone countries?  Well, yes.  But where will that leave the UK?  What will the UK's relationship be with the eurozone?  Will the UK leave the EU?  Much to ponder in the articles below.

http://www.telegraph.co.uk/news/9315159/David-Cameron-must-seize-the-opportunity-of-eurozone-crisis.html

http://www.telegraph.co.uk/news/8546203/The-eurozone-crisis-is-a-perfect-opportunity-for-Britain.html

http://www.telegraph.co.uk/news/worldnews/europe/eu/9314065/The-euros-guilty-men-are-now-steering-Europe-to-catastrophe.html

http://www.bbc.co.uk/news/world-europe-18350977
Merkel urges EU political union.

http://www.telegraph.co.uk/finance/financialcrisis/9316764/George-Osborne-hints-at-British-referendum-on-Europe.html

http://www.spiegel.de/international/europe/merkel-lowers-expectations-ahead-of-european-union-summit-a-837544.html

http://www.independent.co.uk/news/world/europe/merkel-urges-gradual-political-union-in-europe-7827143.html

http://www.independent.co.uk/news/uk/politics/british-public-will-not-prop-up-ailing-european-banks-says-david-cameron-7827454.html

http://www.bbc.co.uk/news/uk-politics-18343164
Cameron backs euro, but no to UK involvement


http://www.telegraph.co.uk/finance/financialcrisis/9316165/Spain-borrowing-cost-rise-as-it-passes-bond-test.html

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100017708/spain-blinks/

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9317854/Spain-too-big-for-EU-rescue-fund-as-China-recoils.html
Ouch!!!