Friday, 2 December 2011
Will Germany drop the Euro?
When there is no clarification and there is lack of trust, rumours are bound to spread at even faster speed and this is something that speculators love because they are out to make a killing.
It is natural for the Northern League to be extremely concerned about any currency changes, especially when the office of Prime Minister Silvio Berlusconi came to an end as part of an arrangement to implement austerity measures requested by Germany as a pre-condition to support Italy that is in a dire financial situation.
The Northern League was a political ally of Silvio Berlusconi. Attachment to the Euro meant that Italy without the Lira could not use devaluation as a way to try and get out of the crisis and had to surrender to conditions imposed by Germany.
I reckon our George Osborne should be very much interested in having clarification about this and other issues. As a country, Britain has committed billions of Pounds to support the Euro.