Re: Re: Euro – One in seven chance it will be abandoned

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Well, the ECB has increased interest rates by 0.25% to 1.25 and the MPC has pegged the rates at 0.5%.

Inflation in the Eurozone is at 2.6%, and 4.6% in the UK.

I know that different factors are involved too, but either the ECB or the MPC has got it wrong, they can’t both be right, based on today’s decisions.

Obliquely, the mighty US with its QE is keeping austere Europe going, heaven help us if the Americans look at their debt mountain and decide to follow us on the road to what will then be Armageddon.