But well, if it fails then it will not only be UK but the entire world's economy will be shaken. One Lehman Brothers could trigger such a massive shake down so what would the entire Euro zone will be able to do? And that is the reason that it is not just the Euro zone but the entire world's issue and hence there will be all the forces behind it to save it.
Just see how it has been bouncing back so sharply with small change in sentiments while the bearish sentiments were so high. Clearly a sign that nobody wants it to fail.
If the euro fails, there is only one culprit as far as France is concerned
No, what this is really about is French politics. The loss of sovereignty the new "fiscal compact" entails must be as much anathema to French voters as it would be for British ones if the UK was required to do the same thing. The electoral consequences are potentially catastrophic for Nicolas Sarkozy.
Blaming the old enemy for standing in the way of measures that masquerade as solutions to the crisis makes for a useful diversionary tactic. The sticking point – financial regulation – also plays strongly to the gallery and to the present psychology of denial.
It remains an article of faith in Europe that the root cause of the crisis is reckless finance, not the altogether more obvious, but plainly unacceptable, explanation of unsustainable current account imbalances. In any event, Mr Sarkozy will be able to say to his country that he's getting most of what he wanted out of the new European settlement.
What Happens When the Euro Fails, What will happen to the people if EU falls, what happens if euro fails, What will become of the Euro, Angela Merkel, Anglo-Saxon speculators, david cameron, EU treaty change, financial services, fiscal compact, london, Nicolas Sarkozy, the City For the latest updates PRESS CTR + D or visit Stock Market news Today
No comments:
Post a Comment