Cameron raises tensions with warning on 'perilous' euro

[JonRB]

Telegraph said:

The Prime Minister risked fueling tensions with France and Germany by weighing into the debate on the future of the single currency.

Speaking at the World Economic Forum in Davos, a gathering of the globe's business elite, Mr Cameron held up the United Kingdom's pound and the United States' dollar as good examples of currency unions.

But he said it was difficult to have a single currency without deep financial integration across the currency's area, collective debt and a strong central bank behind it.

"Currently it's not that the eurozone doesn't have all of these, it's that it doesn't really have any of these," he said, drawing laughter from the audience.

(Full article at http://www.telegraph.co.uk/news/politics/david-cam...)

He's completely right, of course. And Brussels knows this too, which is why it is trying for greater integration (which we vetoed) and, ultimately, a Euro State.
I just hope that we don't get dragged into it though.

[Digga]

Personally, I'd bet Merkel et al will (privately) be very pleased that someone else is effectively backing their stance on the bailouts. Who knows, may even be that CMD is voicing these opinions at their request. Stranger things...