Monday, December 19, 2011

Chart of the Week: Why Daivd Cameron Told Europe, 'Forgetabboutit'

Prime Minister David Cameron refused to join a greater Europe, and some Tory backbenchers are heralding him as a British version of Joan d'Arc. But here is the real reason the Prime Minister said "Non":
His decision to set sail alone may backfire if the euro does not collapse and some financial observers think the euro may be "to big to fail". The British have paid the most in Europe for rescuing profligate banks in 2008, £1.8 trillion, and their ruling plutocrats have responded accordingly. "The City" is now the Conservative Party's largest donor.