Friday, May 24, 2013

ECB president pushes for a “more European UK”....Will this cost us More than the 50 Million we already pay each DAY?

European Central Bank (ECB) president Mario Draghi reminded London bankers of the UK’s eurozone dependency, ahead of the planned referendum on EU membership in 2017.

Mr Draghi said that “Europe needs a more European UK as much as the UK needs a more British Europe,” stressing the “depth of the interconnection” between Britain and the euro area.

He noted that the eurozone was the UK’s biggest export market and that 40 per cent of loans made by banks in the region to non-eurozone members went to British borrowers.