Blair warns of 'catastrophe' if euro collapses Former British prime minister Tony Blair warned on Sunday that the collapse of the euro would be "catastrophic" and urged Europe to move fast to support the currency. Blair said European leaders faced "very difficult and painful" choices and a "long-term framework of credibility" was needed to see off the crisis. Speaking following the resignation of Italian Prime Minister Silvio Berlusconi on Saturday, Blair said there had "never been a tougher time to be a leader than right now". But he said the "whole weight" of European institutions -- including the European Central Bank -- must get behind the euro if it was to survive. He told BBC TV that economies had to align and that "the myth that the Italian and German economies were the same -- that 10-year myth has now evaporated". Measures required to bring stability to the euro would be painful, he warned, but added: "If the single currency broke up, it would be catastrophic." Blair, who was premier for a decade until 2007, was also asked if his former finance minister Gordon Brown had been right to push hard for Britain to stay out of the euro when Labour was in power. "He was right, although I would also say by the way, I was never in favour of doing it unless the economics were right," Blair replied. British Prime Minister David Cameron will meet German Chancellor Angela Merkel in Berlin on Friday for talks on the euro's difficulties and the economy. Cameron said on Friday there was still "a big question mark" over the future of the eurozone and stressed it was not in Britain's interests for the single currency to break up but the government is "preparing for every eventuality". http://www.breitbart.com/article.php?id=CNG.fd0f0c2cc1dd8cdffbe8bbb9258642a2.b31&show_article=1 Sounds like a "putting all ofyour eggs in one basket" strategy to me. Why would Germany, France, and the UK risk all for the PIGS? _
Because hhaving a weak currency suits germany down to the ground and makes it's exports much cheaper internationally than if they were selling with the mark. Britain because it's financial services sector would be crippled if the euro collapses. France? the break up of the euro will be traumatic and damaging for all countries involved.
Worst Prime Minister in our history. Many of our current problems were cultivated during his time in office.
I am warning of a catastrophe if Europe does not turn off the faucet of third-world immigration. Europe has much more to fear from overcrowding, poverty, and lower wages than it does from the euro in the long term.
No no, it has more to worry about from pointless racist exclusionists. Where would we be without diversity and international connections, which we attain from interaction with talented immigrants.
Let us look at the decreasing affordability of housing in the last 10 years You can blame it on whatever else you like, but I say that the underlying cause of the change is immigration.
If you had actually taken the time to read the article and my comments, you would realize how incredibly wrong your post is. _
Britain did well under her former Imperial Glory- when 99% of the population on the isles was european, and where even most of the foreign colonies were administered and ruled by people of british ancestry. Now take a look where Britain is now, after the country has taken on so many migrants in the last three decades. Many white English are now LEAVING to Canada, Australia, and the States because of overcrowding, and lack affordable housing. Many of them are working in low-level positions abroad (grocer clerk for example) which is revealing about how bad the employment prospects are at home. Why take on more migrants when native brits are obviously being displaced? Does not Britain already have enough talented people who are unemployed? In any case, half those migrants are have no special talents.
