Skip to comments.Prodi: EU isolationism heralds 'grave difficulties' for Britain
Posted on 10/24/2012 6:00:50 PM PDT by Olog-hai
In a wide-ranging interview with EurActiv.de, Romano Prodi, former European Commission President, says moves towards a two-speed European Union were now well underway. Regarding the UK's disengagement from Europe, his assessment is simple: Britain will lose influence and eventually face "grave difficulties".
Prodi, who served as Commission president from 1999 to 2004, said the European Central Bank's intervention on sovereign bond markets as well as recent decisions on banking union had put the eurozone back into safe territory. "The danger of breakup is not on the table anymore," Prodi told EurActiv Germany in an interview.
However, he appeared concerned about Britain's future in the European Union, saying the country had become "more peripheral towards Brussels" as it gradually disengages from Europe and doggedly pursues an EU agenda focused almost exclusively on budget cuts.
(Excerpt) Read more at euractiv.com ...
My money is on the Brits especially if the USA takes advantage of them as trading partners.
“The danger of breakup is not on the table anymore,” Prodi told EurActiv Germany in an interview.”
check back in a year to see how accurate this euro-joker’s forecast turns out to be...
my guess is that the UK gave up a berth on the Titanic.
The EU wants to be the next USSR
Anyone that believes this story should rush out and buy some of those Greek, Spanish, Portuguese, etc. government bonds.
Back in the EU
Back in the EU
Back in the EUSSR
Well, those great debts really knock me out
They kick the Wests behind
See Angelas blubbery cellulite hanging out
That EU troika is always on my mi, mi, mi, mi, mind
So, their back-up, back-up plan is just to abrogate their debts, right? That should reassure the peasants. /not