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  We all know that the Government won't introduce the euro here.
  But if the euro span out of control, it would badly damage Europe and even us. Some eurozone countries will be - would already have been - without cash if they hadn't been bailed out, and had substantial parts of their debt bought by the Central European Bank.
  
  The ECB is currently buying up masses of Italian debt (bonds), and probably Spanish debt too.
  
  My guess is, the German Wolfgang Schauble (CDU), who is a member of Ms. Merkels administration, was only jesting when he said the other day that Britain must join the euro.
  
  It would be as suicidal for us to join the euro as it would be for Germany to do what Dave and Osborne were asking them to do only last week.
  
  Of-course Wolfgang knows this. The Germans are trying to get the message over to us that neither side (London and Berlin) must push the other over the edge, that one must not tell the other what to do.
  
  It's because the situation is serious: some European countries would fall into chaos if Germany and France hadn't payed massive sums into them to save them.
  
  We would have by now revolution and mass disorder in some countries, or a military take-over, if they had just been left to run out of cash.

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