Euro obsession (From York Press)

Euro obsession

10:27am Wednesday 19th September 2012 in Letters By Reader's letter

I OFTEN read David Quarrie’s letters in The Press with interest and a modicum of agreement sometimes, but his obsession with the euro is getting a bit boring.

On July 22 last year he wrote in The Press as follows: “The euro is unworkable and must ultimately be allowed to crash and disappear”; again in 2011 on October 3 he wrote: “Greece will default – it has no option” and “EU politicians must soon accept that the euro is finished”.

Also in 2011, on November 4, Mr Quarrie wrote that “both Greece and Italy have no chance of paying off their debts and should (must) default”. Now we find in The Press of September 8 he continues by stating: “The euro is on borrowed time which may not be his last forecast of doom for the eurozone”.

I am more hopeful for the euro which none of the eurozone members wish to lose. Holland has just rejected the right-wing party who wanted to leave the euro and is not alone. Germany and the European Bank are determined to win through and I have confidence they will succeed. Only time will tell, I wish them well but I am an optimist.

Dennis Barton, Woodthorpe , York.