Europe tells Britain not to ask for help in a crisis
Discussion
Looks like Euro-Clegg may be useful as the deputy PM 
Officials from both euro and non-euro countries said Britain should not ask for help if it runs into trouble because it had not signed up to a £378 billion support fund.
French, Swedish and many Brussels officials have predicted that it is only a matter of time before Sterling is hit by the same market turbulence that came close to destroying the euro at the weekend.
Jean-Pierre Jouyet, a former French Europe minister and the current chairman of France's financial services authority, yesterday predicted only "God would help" a rudderless Britain after it snubbed its euro zone neighbours.
....Sweden, with a centre-Right Prime Minister, Fredrik Reinfeldt, who is a close political ally and personal friend of David Cameron, has called on Britain, a fellow non-euro country, to change its mind.
Anders Borg, Sweden's finance minister, said his country was thinking of supporting the EU fund even though his country rejected euro membership six years ago.
"It is completely unrealistic to think one cannot," he said. "I think it is unrealistic to imagine that Britain won't take part. London is Europe's financial centre. If bank financing and payments no longer work, it will only take a few days before the financial markets in London are dramatically affected."
"There is not a two speed Europe but a three speed Europe. You have Europe of the euro, Europe of the countries that understand the euro ... and you have the English," he said.
http://www.telegraph.co.uk/news/worldnews/europe/e...
Officials from both euro and non-euro countries said Britain should not ask for help if it runs into trouble because it had not signed up to a £378 billion support fund.
French, Swedish and many Brussels officials have predicted that it is only a matter of time before Sterling is hit by the same market turbulence that came close to destroying the euro at the weekend.
Jean-Pierre Jouyet, a former French Europe minister and the current chairman of France's financial services authority, yesterday predicted only "God would help" a rudderless Britain after it snubbed its euro zone neighbours.
....Sweden, with a centre-Right Prime Minister, Fredrik Reinfeldt, who is a close political ally and personal friend of David Cameron, has called on Britain, a fellow non-euro country, to change its mind.
Anders Borg, Sweden's finance minister, said his country was thinking of supporting the EU fund even though his country rejected euro membership six years ago.
"It is completely unrealistic to think one cannot," he said. "I think it is unrealistic to imagine that Britain won't take part. London is Europe's financial centre. If bank financing and payments no longer work, it will only take a few days before the financial markets in London are dramatically affected."
"There is not a two speed Europe but a three speed Europe. You have Europe of the euro, Europe of the countries that understand the euro ... and you have the English," he said.
http://www.telegraph.co.uk/news/worldnews/europe/e...
Duplicate thread: http://www.pistonheads.com/gassing/topic.asp?h=0&a...
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