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..what should Britain do? Anything to help them?
Let us be clear, the Euro should never have happened. From the first it was a disaster in the making and was devised simply to force the European superstate into being rather than for any kind of economic purpose. Founded on undemocratic principals, destroyed by its own inconsistencies.
Trying to prop up the failed Eurozone was a folly and a managed break-up of the Euro should have started over a year ago as by now we and the weaker Eurozone economies would, be reaping some of the benefit. It was held together only because of the vanity of Europe's politicians.
No more good money must go towards the bad in propping up this disastrous currency.
But should we put money towards helping with the dismantling of the currency?
I think this might be in our best interests. There is no doubt an orderly withdrawal of Greece and other weak countries from the Euro will be less economically damaging to the UK and while the Eurozone can divert its bail-out fund to this purpose some additional help from the UK can be justified.
But, let us be clear, help from the UK is only towards helping the dismantling of the Euro, not to bail it out. This help should also only be in the form of loans, not just be gifted.
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