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49. Euro currency could collapse under pressure of the sovereign debt crisis, IMF warns | Mail...

The eurozone debt crisis could lead to the break-up of the single currency and trigger a slump to rival the Great Depression, a leading global watchdog said yesterday.In its flagship World Economic Outlook report, the International Monetary Fund warned that the collapse of the euro could not be ruled out if a country quits the stricken currency.It was the first time the Washington-based institution has accepted the prospect of the euro breaking up and came amid mounting fears over the health of Spain.
URL: http://www.dailymail.co.uk/news/article-2131141/Euro-currency-collapse-pressure-sovereign-debt-crisis-IMF-warns.html - 164KB - 17 Apr 2012
Excerpt: 12am 3 c light cloud 5 day forecast euro currency could collapse and trigger...

50. Nick Clegg is blinded by a fanatical obsession with the EU | Mail Online

SIMON HEFFER: It is hardly surprising that Mr Clegg has reached breaking point. He is a fully-subscribed euro-obsessive, unable to see any wrong in the misjudgments, corruptions and idiocies of the EU.
URL: http://www.dailymail.co.uk/debate/article-2072919/Nick-Clegg-blinded-fanatical-obsession-EU.html - 93KB - 12 Dec 2011
Excerpt: in the words of the familiar euro federalist cliche it left our...

51. Eurozone crisis: David Cameron's defiance rewarded as Merkel's man snubs Sarkozy | Mail Online

Germany launched an extraordinary charm offensive to try to get Britain back to the EU negotiating table last night despite George Osborne’s refusal to contribute billions to a Brussels begging bowl.Guido Westerwelle, the German foreign minister, used a visit to London to extend an olive branch, lavishing praise on the UK as an ‘indispensable partner’ and promising a ‘hands-off’ approach to our financial services industry.There are increasing signs Germany is prepared to go behind France’s back and contemplate giving David Cameron the special protections for the City of London that were refused at a crunch summit this month, prompting the Prime Minister to veto an EU-wide power-sharing treaty.
URL: http://www.dailymail.co.uk/news/article-2075924/Eurozone-crisis-David-Camerons-defiance-rewarded-Merkels-man-snubs-Sarkozy.html - 142KB - 20 Dec 2011
Excerpt: will not sign up to a 200billion euro package of european loans to the...

52. The Euro crisis – Could Greece leave the Euro?

When some of us opposed early and wide monetary union within the EU we said joining the Euro was joining an Exchange Rate Mechanism you could not get out of. Some went further, and said the danger of joining the Euro was locking yourself into a common European house and throwing away the key when the house might catch fire.
URL: http://www.johnredwoodsdiary.com/2011/06/24/the-euro-crisis-could-greece-leave-the-euro/ - 50KB - 24 Jun 2011
Excerpt: comments feed john redwood diary euro crisis 8211 could greece leave euro...

53. Dutch would be 'better off' if they left the euro - Telegraph

The average Dutch household could be better off by over £8,000 a year and national income will grow by over £1 trillion if the Netherlands leaves the euro and the EU, according to a new study.The study by the respected British Capital Economics research consultancy into "Nexit" - as a potential exit by the Netherlands has been termed - finds significant benefits over the next two decades if the country swaps its EU membership for a status similar to Switzerland or Norway.
URL: http://www.telegraph.co.uk/finance/economics/10621264/Dutch-would-be-better-off-if-they-left-the-euro.html - 75KB - 06 Feb 2014
Excerpt: be better off if they left the euro there are big economic benefits for...

54. Europe's crisis is about to get a whole lot worse – Telegraph Blogs

Here's your starter for ten. The European People's Party is the largest bloc in the European Council, as measured by voting weight; can you guess the second largest?Congratulations to anyone who plumped for the European Conservatives and Reformists, who edge ahead of both the Liberals and the Socialists.Euro-Lefties have been having a thin time of it recently. Only three per cent of EU citizens live under socialist or socialist-led governments. That, though, is about to change. France, where the state already consumes 56 per cent of GDP, and whose budget was last in balance in 1974, seems likely to elect François Hollande on a platform of 'growth, not austerity'. (Who knew it was that easy?) Greece, which also votes on Sunday, is inclining toward a pack of communist parties; the politicians there who talk openly of the need for cuts currently command less than seven per cent in the polls. Romania, too, is about to install a Leftist ministry, following the defeat of the last government's austerity platform. As other elections follow around Europe, we can expect more of the same.What will be the impact? Europe will accelerate all the policies that brought it to its present unhappy condition: wastrel spending, unsustainable borrowing, punitive taxation, deeper integration.
URL: http://blogs.telegraph.co.uk/news/danielhannan/100155299/europes-crisis-is-about-to-get-a-whole-lot-worse/ - 54KB - 11 May 2012
Excerpt: the liberals and the socialists euro lefties have been having a thin...

55. EU officials plotted IMF attack to bring rebellious Italy to its knees – Telegraph Blogs

The revelations about EMU skulduggery are coming thick and fast. Tim Geithner recounts in his book Stress Test: Reflections on Financial Crises just how far the EU elites are willing to go to save the euro, even if it means toppling elected leaders and eviscerating Europe’s sovereign parliaments.The former US Treasury Secretary says that EU officials approached him in the white heat of the EMU crisis in November 2011 with a plan to overthrow Silvio Berlusconi, Italy’s elected leader.
URL: http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100027284/eu-officials-plotted-imf-attack-to-bring-rebellious-italy-to-its-knees/ - 60KB - 15 May 2014
Excerpt: are willing to go to save the euro even if it means toppling elected...

56. Why have the markets crashed?

Markets have been in the limelight because they have simultaneously decided there will be too little growth ahead to sustain the massive debts the west has built up. The spend now pay later model followed by the US, and much of Euroland, only works if enough of the money is spent wisely on productive investments which can pay the interest and repay the capital in due course. If public and private sectors borrow to spend too much on current consumption, eventually lenders ask “How can you afford to pay us back?”
URL: http://www.johnredwoodsdiary.com/2011/08/06/why-have-the-markets-crashed/ - 129KB - 13 Aug 2011
Excerpt: rock press releases articles saving euro 8211 ground hog post ground hog day...

57. Compared to this, Greece was just a sideshow. Italy could blow Europe to pieces | Mail Online

DANIEL HANNAN: There are no good outcomes now, only gradations of failure. We can at least, though, pick the least bad of the three available options.
URL: http://www.dailymail.co.uk/debate/article-2059637/Compared-Greece-just-sideshow-Italy-blow-Europe-pieces.html - 85KB - 10 Nov 2011
Excerpt: italy was ordained when the euro was launched in order to qualify...

58. The Eurofanatics should join the Marxists in the dustbin of history - Telegraph

The end of the euro may prove chaotic, but recovery will come and sooner rather than later.Geoffrey Howe is guilty. Whatever he actually said about Liverpool’s problems during some early Thatcher Cabinet meetings, he was culpable for his failure to draw the obvious conclusion. The city was finding it impossible to compete with London and the South of England. In different circumstances, this could have been rectified by devaluation. Liverpool would then have used a weaker currency: let us call it the Scouse.In a single country, that option was not available, so there was only one alternative. Despite Geoffrey Howe’s reservations, Liverpool received large subsidies from taxpayers elsewhere in Britain: fiscal transfers. Yet even under that generous regime, it continued to struggle.So how on earth did Lord Howe conclude that the whole of Europe could use the same currency and the same interest rate, with minimal fiscal transfers? There is one possible answer. Geoffrey Howe may well have believed that monetary union would lead inexorably to fiscal union and thus to political union. If so, we should inquire why he – and the other Eurofanatics – failed to share that insight with the British public, whom they were trying to persuade of the merits of the single currency.
URL: http://www.telegraph.co.uk/news/worldnews/europe/eu/8990067/The-Eurofanatics-should-join-the-Marxists-in-the-dustbin-of-history.html - 86KB - 04 Jan 2012
Excerpt: dustbin of history the end of the euro may prove chaotic but recovery will...

59. The government thinks it’s about us, we think it’s about them

Most people want their government to collect sensible amounts of tax and to provide decent services for the money. They wish the government to uphold the law against criminals. They think most our problems are ones coming from too much law, not too little, or from imperfect enforcement of laws we do have against criminal activity.Modern bureaucratic government seems to think most of the problems come from the actions of the people.Health officials want people to be less fat, to eat a better diet, drink less alcohol, take more exercise. They may be right that this would make people healthier, and delay their time with doctors and hospitals to older age. Meanwhile the public wants the NHS to be there for them whatever they do. Some resent the taxes and regulations used to try to change our lifestyles.More resent the work of the green police.
URL: http://johnredwoodsdiary.com/2012/04/10/the-government-thinks-its-about-us-we-think-its-about-them/ - 219KB - 11 May 2012
Excerpt: 2012 proposal for the future of the euro the pain in spain falls mainly on...

60. The euro crisis: stand by for years of slow, wretched decline – Telegraph Blogs

What is a recession supposed to look like? The question is prompted by the number of Britons who, returning copper-tinted from the Algarve or the Mediterranean, remark that Greece/Spain/Portugal seems to be functioning perfectly well. What exactly were you expecting? Mad-Max-style civilisational breakdown? In even the deepest crises, normal things take place. As a teenager…
URL: http://blogs.telegraph.co.uk/news/danielhannan/100180151/the-euro-crisis-stand-by-for-years-of-slow-wretched-decline/ - 57KB - 11 Sep 2012
Excerpt: news the euro crisis stand by for years of slow...

61. Libel by social media | Roger Helmer MEP

In a recent blog, I talked about the appalling lies that appeared in the press during the euro and Newark election campaigns, and I mentioned that even more bizarre calumnies appeared in social media.One day during the euro campaign, the whole euro-team was in Oakham, in the County of Rutland, and we stopped for tea and chocolate brownies in a very charming tea-shop, Buttercross House. It has a sunken terrace where we sat. I was vaguely aware of a couple of other customers down there, but I was astonished next day to read a Tweet which said....
URL: http://rogerhelmermep.wordpress.com/2014/06/19/libel-by-social-media/ - 95KB - 24 Jul 2014
Excerpt: appeared in the press during the euro and newark election campaigns and i...

62. Why do some people and many politicians want to stay in the EU on current terms?

Two arguments are constantly recited by the defenders of our current EU entanglement. Today I wish to deal with the more serious, the proposition that the EU is necessary to prevent wars in Europe.This argument looks to some at first to be attractive and well based. After all, say its proponents, Europe was torn apart by two long and damaging wars in the first half of the twentieth century. Who wouldn’t want to avoid that again? They go on, emboldened by the general agreement that European wars are a bad thing, to point out there has been no recurrence of major European war since the EEC and the EU were formed.This is rather like arguing that we need to belong to the EU to keep horses and carts off our streets.
URL: http://johnredwoodsdiary.com/2012/06/04/why-do-some-people-and-many-politicians-want-to-stay-in-the-eu-on-current-terms/ - 200KB - 09 Jun 2012
Excerpt: for the peace a we see how the euro one of the driversa of more...

63. Leaving the euro isn't a punishment: it's Greece's last chance for recovery – Telegraph...

How much worse do things have to get, for Heaven’s sake? Greek politicians keep repeating that leaving the euro would be an economic disaster. As opposed to what, precisely? The present Wirtschaftswunder?During a TV debate with a Greek Socialist MEP this morning, I suggested that Greece wouldn’t begin to recover until it decoupled, defaulted and devalued. The two biggest sectors of the Greek economy, I said, were shipping and tourism. Both could benefit hugely from a competitive devaluation.The PASOK man stared at me in horror. But this wasn’t about the economics, he spluttered. It was about the European ideal. Surely – surely – it would be unthinkable for the EU to go ahead without the country where democracy was born. That would be a calamity for Greece and for Europe!No, I felt like saying, it would be a calamity for you personally. As an MEP, you are far better off than you were as a Greek minister. With your party now at eight per cent in the opinion polls, you have no obvious route back to national politics.
URL: http://blogs.telegraph.co.uk/news/danielhannan/100137972/leaving-the-euro-isnt-a-punishment-its-greeces-last-chance-for-recovery/ - 61KB - 19 Feb 2012
Excerpt: news rss feed news leaving the euro isn t a punishment it s greece s...

64. Greece on brink of collapse - Telegraph

Europe’s financial crisis lurched into a perilous new phase as dire predictions emerged of a collapse in Greece’s economy, with a run on its banks bringing an inevitable end to its membership of the euro.As leaders in Athens accepted the need for a new general election to end a national stalemate, the International Monetary Fund said Europe’s leaders should prepare for the possibility of a Greek departure from the single currency.Christine Lagarde, head of the IMF, warned she was “technically prepared for anything” and said the utmost effort must be made to ensure any Greek exit was orderly. The effect was likely to be “quite messy” with risks to growth, trade and financial markets. “It is something that would be extremely expensive and would pose great risks but it is part of options that we must technically consider,” she said.Raising tensions still further, Germany warned Greek voters that the wrong result in next month’s election will force their country out of the single currency.Greece’s president warned, perhaps most alarmingly, that its banks risk running out of money, posing a “threat to our national existence”.
URL: http://www.telegraph.co.uk/news/worldnews/europe/greece/9268507/Greece-on-brink-of-collapse.html - 93KB - 16 May 2012
Excerpt: end to its membership of the euro greece on brink of collapse greece...

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