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France plots eurozone ‘breakaway group’

Posted By admin On November 11, 2011 @ 4:26 am In World News | Comments Disabled

Bruno Waterfield,
London Telegraph [1]
November 11, 2011

France is drawing up plans to create a breakaway organisation of eurozone countries with its own treaty, parliament and headquarters – a move that could significantly undermine the existing European Union.

The proposal would see a formal “union within a union” created, but would lead to a significant deterioration in Britain’s influence in Europe.

David Cameron is drawing up urgent plans to stop Britain being “railroaded” into agreeing to decisions taken by the new eurozone bloc.

France and Germany are understood to want to strengthen the union between eurozone countries with new taxes and legal measures to stop nations borrowing and spending too much in future.

Weaker countries such as Greece could even be barred from the new eurozone, under radical suggestions from some of those involved in discussions over the plan.

Full article here [1]

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URLs in this post:

[1] London Telegraph: http://www.telegraph.co.uk/finance/financialcrisis/8882643/France-plots-eurozone-breakaway-group.html

[2] Eurozone back on the brink as France has credit rating downgraded: http://www.prisonplanet.com/sp-downgrade-of-france-others-imminent-reports.html

[3] Report: France & Germany Begin Talks To Break Up Eurozone: http://www.prisonplanet.com/report-france-germany-begin-talks-to-break-up-eurozone.html

[4] Out Of The Ashes Of The Collapse Of The Eurozone Will A “United States Of Europe” Arise?: http://www.prisonplanet.com/out-of-the-ashes-of-the-collapse-of-the-eurozone-will-a-united-states-of-europe-arise.html

[5] Eurozone debt crisis could rip E.U. apart: officials: http://www.prisonplanet.com/eurozone-debt-crisis-could-rip-e-u-apart-officials.html

[6] Eurozone split ‘would destroy single market’: http://www.prisonplanet.com/eurozone-split-would-destroy-single-market%e2%80%99.html

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