Today's Coming Crisis Movie

Wednesday, July 4, 2012

UK could curb eurozone refugees.....But then again can We Believe another Cameron Pledge?

The Government will crack down on immigration from struggling countries like Greece if the eurozone goes into meltdown, David Cameron has pledged.

The Prime Minister insisted contingency plans are in place and he would do “whatever it takes” to protect the UK.

The comments, in evidence to the influential Commons Liaison Committee, came with fears still running high over the future of the currency union and as a spokesman for the Greek government said it was preparing to present “alarming” data to international debt inspectors in a bid to renegotiate the terms of its bailout agreements.

Debt inspectors from the European Commission, the European Central Bank and the IMF are due in Athens today and with the country in its fifth year of recession, with unemployment topping 22 per cent, roughly double the eurozone average, the Greek government will argue it cannot withstand the current pace of austerity terms. Read More