Does the latest Euro Zone interest hike prove that the Euro is run for...

[Chosen Man]

...the benefit of Germany and France? Greece, Ireland, Portugal, Spain and Italy are all in near financial melt down. So what does the European Central Bank do? They push up interest rates because Germany and France are doing well.

This will only heap more economic woe on those beleaguered economies who have swallowed the European dream, and trusted the 'brotherhood of european nations'.

If the ECB and the EU don't want Greece, Ireland, Portugal, Spain and Italy in the Euro, why don't they choose a better way of doing it than forcing these nations into bankruptcy?

Meanwhile, Germany and France are saying: I'm alright Jack, the UK will cough up more billions to rescue those other nations.

Your thoughts please.

[Jesica Moore]

ya it proves that euro is run for the benefit of Germany and France.

[The Deighton]

I agree. Somewhere like Portugal needs its currency to be devalued so that tourists can flood in and improve its tourist industry. As it is, you can go to Egypt for less money.

I saw this in advance, it would happen to us if we were in the Euro, fat cat bankers in Euroland wouldn't care about provinces of Britain - at most they'd look at some data for London Stock Exchange.

Not join the Euro is the best thing Blair never did.

[Serendipity]

For all the euros problems, it is still much stronger than the GB pound. The pound fell yesterday and today on early treading against the euro. I wonder just how bad the UK economy really is!

[ian r]

It is run for the International Bankers, they see a weak currency and BUY, then the European Tax-payer gets shafted to bail out the Country and the bankers win, in fact they can`t lose.
Most people (like myself) do not understand economics so the Millionaire Bankers get wet behind the ears Politicians (call me dave etc.) to kid the Oiks that they are in charge.

[Bear]

Call me cynical,but I think the whole 'EU' thing is Germany's revenge for losing 2 wars.