Euro Collapse Would Be Catastrophic

Tony Blair: Euro Collapse Would Be Catastrophic -- BBC

Former prime minister Tony Blair has told the BBC the collapse of the euro would be "catastrophic" - and Europe must get behind it.

Mr Blair said he hoped it would not collapse, but European leaders faced "very difficult and painful" choices.

A "long-term framework of credibility" was needed, he said, which included "strong fiscal co-ordination".

Chancellor George Osborne told the BBC there must be more co-operation on tax and spending in eurozone countries.

Read more ....

My Comment: Tony Blair's warnings are a little too late .... the German's are getting ready for it. The above Al Jazeera video report is a good summary on what is happening in Europe.