The Future of Europe

[Che -Guevara]

Eurozone crisis: Talks to save euro begin in Brussels

 

EU leaders in Brussels have opened a summit to tackle the eurozone debt crisis and save the single currency.

 

The key item on the agenda is a Franco-German proposal on budgetary discipline, with automatic penalties for eurozone nations that overspend.

 

Pre-summit talks between Britain, France and Germany broke up without agreement as each set out its position.

 

Earlier, German Chancellor Angela Merkel said the euro had "lost credibility".

 

UK Prime Minister David Cameron has said he will veto anything which harms British interests.

 

Mr Cameron, Chancellor Merkel and French President Nicolas Sarkozy held a 45-minute meeting on the eve of the summit, but sources told the BBC there was "no movement" with each side setting out their respective ground.

 

Downing Street sources said the negotiations were "going to be difficult" and they did not expect any wider agreement among EU leaders until the early hours of the morning, if that, the BBC's Iain Watson, in Brussels, reports.

 

In a speech in Marseille earlier on Thursday President Sarkozy warned that "never has the risk of disintegration been greater" for Europe.

 

The leaders of the 27 EU nations were sitting down for an informal dinner, and their talks - behind closed doors - were expected to last well into the night, ahead of a number of working sessions on Friday.

 

Source

[Che -Guevara]

Disintegration vs Integration/path to one European Government

 

It seems France and Germany are bullying everyone into centralised Europe with the two of them at the top.

[Som@li]

That has been the plan of Euro, that is why UK did not join,

 

The bigger you are , the harder you fall, If this fails, it will be BIG

[Miskiin-Macruuf-Aqiyaar]

Hoggaanka Faransiiska iyo Jarmalka fursad weyn ayee u heleen inay Yurubtaas kale horseed balaaran u noqdaan. Iyagaa isku soo koobay hoggaanka Reer Yurub maanta. Ingiriiska intuu lacagtiisa ganiga ahayd ilaalsanaaye banaanka qaboob ku dilay, Faransiiska iyo Jarmalkana ka faa'ideysanaayo, bullying others into their policies. Talyaaniga ha sheegin, waaba loo taliyaa maanta.

[Che -Guevara]

^The whole Europe was setup to contain Germany after WWII but it looks like they will be running Europe should this conference achieves its goals.

[Somalia]

Che -Guevara;764158 wrote:

^

The whole Europe was setup to contain Germany

after WWII but it looks like they will be running Europe should this conference achieves its goals.

[Som@li]

for some reason, igriirska waxa mooda in aa uga caraysan yahay Euro, oona rabin in ay hor marto, and may even sabotage it,

[Che -Guevara]

"Minister, Britain has had the same foreign policy objective for at least the last five hundred years: to create a disunited Europe. In that cause we have fought with the Dutch against the Spanish, with the Germans against the French, with the French and Italians against the Germans, and with the French against the Germans and Italians. Divide and rule, you see. Why should we change now, when it's worked so well?"

 

Yes Minister:-)

[xiinfaniin]

But UK is now effectively out in the cold of of the 17-state strong euro zone power house. With Friday's deal, London may no longer be able to escape from the euro zone financial regulatory schemes. And the consequence could acutely impact London as continental banks are forced to pay financial transaction taxes to the coffers of the Germany and France .

[Miskiin-Macruuf-Aqiyaar]

This crisis is directly affecting us poor maryooleeys, though. Every time Yurub and its eurozone has an hiccup, doolarka Kanadiyaanka hoos u dhacaa significantly. For poor maryooleeys who send monthly, sometimes the difference is 10 dollars per 100 US dollar sent. That is not much, but if you are sending a few hundred dollars a month, it adds up.

[ElPunto]

^^Haa - what a short memory u have. Back in the early 2000s we used to pay 1.50 for every USD. Plus 5% for the hawaladaha. Barwaaqo aya ku jirnaa hada.

[Carafaat]

Prices have increased significantly. The US and Europe have been increasing the money supply, resulting in decreasing value of the Dollar and the Euro.a Euro now is worth as much as half of a Euro 10 years ago.