Friday, 30 September 2011

European Central Bank should bailout EU stat

Parliament member William Dartmouth.

“The markets are making it very clear, not least today, that political will on its own is not enough,” said Dartmouth, a Parliament member from the UK Independence Party. “There has to be an economic justification. The fact of the matter is that you simply cannot put an economic powerhouse like Germany and a country like Greece, which is rather less of an economic power, into the same currency block, with the same monetary policy. It just does not work, and it is going to fall apart.”