Quote:
Originally Posted by *Touring Ted*
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It's relevant and interesting that just about all of the points mentioned in that article have already been brought out in this thread; to me that indicates that this thread is pretty well informed.
But the article is 22 months old and things have changed greatly since those days. Hence the discussion points in here go in to more detail than the article.
This is the author of the linked article:
Hugo Dixon | Contributor | Breakingviews
There will be many more articles in the main stream media (MSM) between now and the referendum.
Meanwhile, a couple of abstracts from that article in the "Independant" (I can't quite remember who owns it nowadays by the way - it could be a Russian oligarch?)
The chances of this occuring are exceptionally slim:
"The peripheral countries have to solve their own problems. But the EU can help in four ways: it can complete the single market in services, which is patchy; it can open up Europe's markets to trade with other parts of the world, especially the United States and China; it can help develop a modern financial system based more on capital markets rather than banks; and it can lighten the burden of regulation on business by cutting red tape."
As for this; the ECB is the means by which the EU keeps Greece in line.
"The euro crisis is an opportunity for Britain, because all these things would be beneficial for our economy. Just think how Germany is the big winner from the single market in goods because of its prowess as a manufacturing nation. Extending it fully to services, where Britain excels, could be correspondingly beneficial for us. Or think about what would happen if the EU was less "bankcentric" and relied more on capital market instruments, such as shares and bonds, to channel funds from investors to companies. The bulk of the business would flow through the City of London with its army of investment bankers, lawyers and accountants. More trade and less red tape would help our businesses, too"
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