Wise Up Journal
By Gabriel O’Hara
UK CLOSER TO JOINING EURO – BARROSO
The UK is “closer” to joining the euro than ever before, according to European Commission president Jose Manuel Barroso.
He said some British politicians were considering signing up to the currency in a bid to beat the effects of the global economic crisis.
He told French radio station RTL: “We are now closer than ever before.
“I’m not going to break the confidentiality of certain conversations, but some British politicians have already told me, ‘If we had the euro, we would have been better off’.”
But he admitted the majority of people in the UK were still opposed to the idea of joining the single currency.
A Downing Street spokesman said: “We have no comment on this. Our position on the euro is the same – it has not changed.”
Arrogance and disregard not published in UK papers
U.K. officials “who matters” weigh joining euro: Barroso
LONDON (MarketWatch) — U.K. officials “who matter” said they are considering joining the euro, according to comments made by European Commission Jose Manuel Barroso to the French radio station RTL. He said that while a majority in the U.K. are opposed to the idea, “people who count in the United Kingdom are in the process of thinking about it.”
Global debt crisis a “banker-send” as Regional Currencies set to takeover
The global credit crunch has sparked a debate about joining the euro among “people who matter in Britain,” European Commission President Jose Manuel Barroso has said.
“I know that the majority in Britain are still opposed, but there is a period of consideration under way and the people who matter in Britain are currently thinking about it”, the former Portuguese prime minister added.
Despite the Labour party promising to adopt the euro ahead of its election in 1997, current leader and former finance minister Gordon Brown has historically resisted such calls, arguing that the British economy was not ready.
He [PM Brown] has over the years presented several reports describing how the scrapping of the pound would harm employment and investment in the country’s jobs and investment.
But according to the head of the EU’s executive, the financial crisis has now changed the argument.
Danish Prime Minister Anders Fogh Rasmussen said last month that he would try to achieve a broad public consensus on holding a referendum on the euro,, which analysts expect in March or April next year.
Meanwhile, Iceland is considering switching to the euro even without a green light from EU institutions and despite their warnings against such a unilateral move.
“People are looking into the possibility of [something similar to] ‘dollarisation,’ or unilateral adoption of the euro, which would probably raise a lot of eyebrows in the European Union,” Icelandic Prime Minister Geir Haarde said in an interview on Saturday (29 November), Reuters reported.
[Icelandic Prime Minister Geir Haard:] “Clearly, this debate is not the answer to the current crisis,” he said. Until now, the prime minister’s Independence Party has been sceptical about EU membership.
For its part, the European Commission has warned Reykjavik it cannot adopt the euro without joining the 27-strong Union.
The eurozone currently consists of 15 member states, with Slovakia set to join on 1 January 2009.
Ready made solution to the Banker made, Government approved, cause of the “problem”
A solution to this banker-made global problem already exists and has been talked about for many years. One of the most recent articles coming in 2007 from a top politically influential group called the Council on Foreign Relations titled “The End of National Currency“. Wikipedia lists some of the CFR’s previous directors as David Rockefeller, George H. W. Bush, Alan Greenspan, George Soros, Zbigniew Brzezinski… Wikipedia also says that the CFR “has exerted influence on U.S. foreign policy from the beginning, due to its roster of State Department and other government officials as members.” In that article the council advises that “the world needs to abandon unwanted currencies” and then goes on to say the Dollar is one of those, which shows their interests do not lay with the U.S., but they use the U.S. as a useful tool, the world is their oyster. The CFR’s solution to dramatic currency fluctuations, which we are now seeing, is to introduce “multinational currencies as yet unborn,” which of course would need to be under the full control of international/regional central banks.
This suggestion has been talked about for a long time but even in 2007 such a grand solution would not have been considered seriously for implementation; well thanks to the current stage of the global banking scandal many are saying what the International Monetary Fund chief recently said, “the banks’ losses are the worst we’ve ever seen,” and “the IMF thinks it’s a global problem that needs a global response.”
Bloomberg let us know what the elite want from this created chaos when they printed what the pawn French President Nicolas Sarkozy said, “We want a new world to come out of this.”