Showing posts with label eurozone. Show all posts
Showing posts with label eurozone. Show all posts

Saturday, 21 July 2012

Video interview: Wolfson Economics Prize — Euro exit plan


Lord Simon Wolfson is a multi-millionaire and CEO of the Next fashion chain. He came up with a competition - the 'Wolfson Economics Prize' - for the best way to exit the euro.
Lord Simon Wolfson says that leaving the Eurozone could be done over a weekend. 

He also says that a bank holiday is all that is needed to convert all assets into a new currency... read more and watch interview.

Wednesday, 25 April 2012

The Netherlands drawn into EU crisis — may ditch the Euro

The Netherlands has been drawn into the debt crisis in Europe as the government failed to agree on budget cuts, thus casting doubt on its support for the Euro zone
Reuters reports that over the weekend, the government in the Netherlands failed to gain coalition support for its austerity plans. Elections are now planned for September and analysists have said that one of the EU's strongest economies might just bring about the demise of the Euro.
The Netherlands Prime Minister, Mark Rutte strongly advocates the Euro. He has been attempting to get the Dutch Parliament to adopt 14-16 billion Euros worth of austerity cuts in the country. This attempt is aimed at getting the Dutch budget deficit under the 3% of deficit to GDP limit which was established by the new EU fiscal agreement... read full article.

Sunday, 22 April 2012

Video: Presidential candidate wants France out of Eurozone

Nicolas Dupont-Aignan, Gaulist candidate in the French presidential elections, says if elected, he wants France out of the EU bloc.

The French people are off to the polls today for the presidential elections with 5 candidates leading the polls. Current President Nicolas Sarkozy, the Socialist Party's Francois Hollande, the National Front's Marine Le Pen, Jean-Luc Melenchon of the Left Front and Democratic Movement leader Francois Bayrou are ahead in the race according to opinion polls on Friday.

However, Nicolas Dupont-Aignan, who has formed the party "Arise the Republic", is still hopeful that he might get through. 

In an interview with RT News Mr Dupont-Aignan explains that France is not free anymore, and that the leaders are dominated by Brussels and the European Union. He says that the situation is undemocratic. He states that he wants to restore democracy in France... read full article and view video.