Quote Originally Posted by rory_20_uk View Post
Resurrecting our focus on the commonwealth would be a far better idea as if nothing else that would lead to diversified trade rather than all eggs in one basket.

True. More to the point though, all this talk of "punishment" and "marginalisation" is foolish. If they try to make Euro-transactions exclusive to the Eurozone this will be interpreted in the same way as any other protectionist measure, a sign of a severe lack of confidence. There will just be a flight to dollars and a to a lesser extent sterling.

Also, trade embargo? With your only bi-lateral trading partner? Uh, no. The attitude in the Eurozone is that if we are bullied we will fall back into line, and if there was ever something to turn me decidedly anti EU this was it. And it has, so congratulations Eurocrats, I now positively believe we would be better off out in every concievable way.

It will be interesting to see how the non Eurozone countries shift their positions, Britain having broken ranks looks marginalised right now, but I can't honestly see the Czechs or Scandanavian monarchies signing up to something that restricts their soverignty for the sake of a currency union they aren't in. Britain having refused to sign up at EU level gives them an obvious opt-out down the road and it will only take one other country to back out after having made a show of engaging for other to follow.