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Originally Posted by ntluser
It would not be wise for the UK to become a member of a United States Of Europe and tied to the Euro because it is the fact we have the pound and the flexibility that goes with it that we are not in the same mess as other EU countries.
The imposition of fiscal discipline will not work because each of the countries in the EU is at a different stage of economic development and does not have the same options. There are riots in Greece now. Imagine what will happen if there was greater austerity there.It could end up like Syria with near civil war.A nation can only tolerate so much austerity.
We need to go back to being the European Free Trade Area where each EU country has its own currency maintained at a level it can afford and where it has the flexibility to adapt to changing circumstances.
Strange too that in all this talk of fiscal discipline it seems to be something that applies to others as I do not see leaders cutting their own salaries only the salaries of others.
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As long as you have irresponsible Socialist spending, it doesn't matter one little bit whether it's a single currency or each to it's own.
Which leaders are you referring to?
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The prime minister and his cabinet took the 5% pay cut when they formed the government at a time of record deficits and a sluggish economy.
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