THANK goodness the various European leaders saw sense and came up with a possible 11th hour solution to the Eurozone crisis in Brussels.
I say “possible” because no one is quite sure just how certain we can be that all the bail outs, bank funds and hair cuts announced last week will come to pass. If it doesn’t come to pass, the world will be plunged into a financial crisis.
The German chancellor Angela Merkel wasn’t kidding when she said: “If the euro fails, then Europe fails.”
The various eurozone partners have agreed to closer integration – but where does that leave Britain and other countries that have no adopted the single currency?
Hopefully, the crisis won’t lead to the creation of a two-tier EU.
Otherwise, the EU could fail regardless.
H Foster, Darlington.
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