16 November, 2010
Can the eurozone be saved?
The London Committee of the Federal Union held a seminar on 15 November under the title ‘Can the Eurozone be Saved?’ which proved extremely timely. An audience of over 60 came to central Westminster to hear the opinion of three expert commentators under the chairmanship of Professor Stephen Haseler, of the Global Policy Institute.
Dr Eckhard Lübkemeier Minister and Deputy Chief of Mission at the Embassy of the Federal Republic of Germany, discussing why the eurozone is in trouble, what is to be done, and what is Germany’s role, gave it as his firm opinion that the eurozone would not fail because Germany would not let it fail. Former MEP for the Thames Valley, John Stevens pointed out that the euro crisis only exists as a part of the global crisis and that while Europe is entirely capable of solving its crisis, there may be doubts as to whether the global crisis can be solved as easily. Finally Brendan Donnelly, Director of the Federal Trust, remarking that ‘fully fledged political union’ means different things to different people, examined the structure of the eurozone, pointing out that it was always meant to evolve and that its very flexibility would ensure its success.