Latest News

Latest

• UKIP unveils another Mayor!
• Fight for the right to be insulting!
• Marta on The Record Europe
• Laughter at our expense
• When a wine is not a wine
• London Assembly Results
• Latest Super Constituency results
• Sanjay's first Sovereign Draw winner!
• Legal query on minimum pricing

Europeans blame Euro for financial crisis

Wednesday, 16th June 2010

Seperate polls in France, which has the Euro, and Sweden, which does not, have concluded that the single currency does more harm than good.

A massive 60% of respondents to a Swedish poll said they would vote against adopting the Euro, with just 27.8% saying they were in favour of joining the Eurozone – despite overtures from the reigning government.

The Scandinavian country, which voted not to join the Euro in a 2003 referendum, has the lowest budget deficit of any EU nation at 0.5% of GDP.

In France a TNS poll found that 62% of French people think the Euro has made the economic crisis worse, compared with 28% who think it has protected France during the worldwide financial meltdown.

Both polls come as the Euro hit a four-year low, with experts predicting that it will not survive the financial crisis brought on by Greece’s failure to pay its national debts. 

Read more about Sweden’s continued opposition to the single currency
Read Dan Hannan’s predictions for the future of the Euro and what it means for the EU

Back to Latest News