Wednesday 16 November 2011

Europe 'is heading for an almighty crash'.

Not my quote, but that of Schroders.

See articles below:

http://www.telegraph.co.uk/finance/financialcrisis/8892636/Italian-unity-fails-to-stem-market-fears-over-eurozone.html
http://www.telegraph.co.uk/finance/financialcrisis/8891099/Euro-debt-fears-grow-as-Italian-bond-yields-hit-7pc-again.html

I commend the article below:

http://blogs.telegraph.co.uk/news/benedictbrogan/100117789/sarkozy%e2%80%99s-declarations-of-love-mustn%e2%80%99t-blunt-cameron%e2%80%99s-intent/

It has been reported that Germany is saying that the UK must help rescue the eurozone.  Quite why we should rescue a botched single currency beats me.  After all, the resolution of the issue is in Germany's gift: grant the ECB the full powers of a central bank.

See:  http://www.telegraph.co.uk/news/politics/david-cameron/8892920/European-Union-debt-crisis-Britain-must-help-rescue-eurozone-say-Germans.html

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