If not now, then when!?

Posted 8 Dec 2011 by Walaa Idris

If not now then when

A wise man once said: “An error does not become a mistake until you refuse to correct it”

Before we even get to the language and cultural barriers, the Euro experience was doomed from the start, how can 17 different nations with varied economies operate under a one size fits all interest rate and expect not to tumble!? The whole thing was madness from the word go!

Yesterday the S&P placed the EU’s AAA rating on negative watch and today the Eurozone leaders are meeting to discuss how to save the Euro. Even though Britain was lucky to not get sucked in the Euromania, still, what happens to the Eurozone will directly and indirectly affect the UK. However, with all the financial challenges we are facing, we are fortunate in that we are in a better position than Portugal, Ireland, Greece, Spain and Italy.

David Cameron’s determination to stand up for our national interest and in particular the best interest of the City of London is a great first move. But because opportunities such as this don’t come around too often, now is a good time for Britain to become bold and establish a new relationship with Europe, a relationship where our interests are protected against the current and emerging Eurozone markets.

Another wise man said: “When written in Chinese, the word “crisis” is composed of two characters. One represents danger and the other represents opportunity.”

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