Wolf Cries

So Alain Juppe, the French Foreign Minister, says that the collapse of the eurozone will lead to the collapse of the EU and then possibly to war. The French pretend to be masters of logic as after all those who don't do maths for their baccalaureat have to do philosophy instead. Mr Juppe must have failed his exams as there is no logical reason why one event should lead to another. Indeed in my view it is more logical to assume that any fight is likely to be between the haves and have nots locked into the eurozone. If you wanted evidence of this possibility you only had to watch the riots that took place in Greece earlier this year. MEP Guy Verhofstadt, the Liberal gang leader in the European Parliament, has also written  something similar in a letter to the FT about the consequences of a break up of the eurozone, "the likelihood would be that monetary obstacles, foreign exchange rates and possibly even border controls would be reintroduced, as nationalism once again took hold across the continent. Within a fairly short time we would witness a dismantling of the internal market." Mr Verhofstadt would not pass a logic exam either since there is no reason why monetary obstacles, etc would be reintroduced as a result of the euro's collapse although it is true that  members of the EU are even now trying to reintroduce border controls to stem the unmanageable tide of immigration sweeping into the EU. If the break up of the eurozone did lead to the break up of the EU I for one would be very happy as we would undoubtedly be much better off out. Sadly I do not see that happening and thus as a second best it is to be hoped we can renegotiate our relationship with the EU to one similar to the Swiss model. As for Mr Juppe and Mr Verhostadt they are just trying to frighten the horses for their own political ends but by crying wolf will end up being ignored. Couldn't happen to a nicer pair.