Letter: We’ll all suffer if Greece goes bust
Friday 24th June 2011, 9:56AM BST.
Letter: Europhiles often use the line that the EU has kept peace in Europe.
Actually, that was Nato, but events now unfolding in Greece seem likely to reveal the EU as the dangerous political project many of us have long warned that it was.
It was insane to imagine that a currency union was viable without a fiscal union, but the “give ‘em an inch and they’ll take a yard” adage applied and Britain’s spineless acquiescence to the European Commission’s every demand helped to encourage their arrogant hunger for power.
The economic woes we face now are bad, but if Greece goes belly up, the knock-on effects will hit the UK like a steamroller.
British banks are desperately exposed in Spain and Ireland, and the bulk of our trade with other EU nations will suffer as they confront their own crisis.
Every one of us has had numerous opportunities to prevent that scenario at the ballot box, too few of us were willing to subvert convention by voting other than Labour, Conservative or Lib Dem.
Bob Jenkins
Telford
UK News
Most Commented
- Clampdown on Shrewsbury chuggers
- Bishop's gay marriage views do nothing to support bible teachings
- Planners ordered to stay on Newport visit bus
- Letter: Angered by close encounter of the furred kind
- Letter: Alcohol price plans annoy me
- Shrewsbury’s broadband speed one of slowest in UK
- Letter: No sense in overseas job adverts
Shropshire Star on Twitter
Keep updated with the latest breaking news and content on our Twitter feed.
Lifestyle
Interactive Dining Out map
Hundreds of reviews by the Shropshire Star and Express & Star's teams to help you decide where to eat.
Entertainment
All the film reviews
Before you plan a trip to the pictures, get our critics' verdicts on all the latest movie releases.
OUR NEW APP
Get the new Shropshire Star app
Download the Shropshire Star’s new app to your iPad or iPhone to get one week of access to our digital newspapers absolutely FREE.
shropshirestar.com
Popular sections
Useful links
Not true it would be like a wasp sting let them go bust.
Report abuse
We’ll all sunbathe if Greece goes bust
Report abuse
Don’t worry, the IMF will stand in and ensure our banks get their investments out asap and come up shining.
As for the Greeks, well that’s a whole different story.
Report abuse