Basket Case “Euro” – Downgrading The Euro Zone Members

     With the majority of countries within the Euro Zone at risk of being downgraded from AAA ratings, panic has started to set in and the mud slinging has started.   The French who as usual want to blame anyone else, other than their own incompetence have put the blame firmly on Britain’s doorstep for the refusal to go meekly along with Europe’s tighter integration pact.     

     With a French, minister proclaiming, Britain’s debt, growth and inflation being much higher and worse than his own countries.   Not only is this delusional but completely wrong, proving that one of the larger countries in the Euro pact has completely lost the plot.     This leads to speculation that the much-touted Euro is fast becoming a “basket case”, just like the French minister.

     Gone will be the days of France, dipping deeply into finances of the Zone to prop up it’s failing agricultural policies.     French farmers will have to produce more, and forget the subsidies that it has become so used to – paid for by other countries in the Union. 

     There is talk about a recession, much deeper than that of the 1930’s which will be worldwide – that I disagree with.   This is more likely to stay within Europe, as there is no action only lengthy, lame and ill-mannered discussions’ dragging on and on.    Why do they have to procrastinate for so long, the solution is simple – kill the Euro Zone off now and return sovereignty back to countries that are within.  

    Too many cooks do spoil the broth; the Euro Zone proves this old saying repeatedly with every dish served a failure.    Prolonging the agony for all can only be bad; eventually citizens of countries involved will become so angry demonstrations will be the least of government’s worries.