TEc - Friends in need

Hardly surprising that the Tories should swim in a sea of contradictions vis-a-vis Eurozone troubles or the larger EU.
The British never quite made up their minds on 'the Continent' to always on the brink choose between pragmatics and the lesser evil.

The Eurozone project is indeed under enormous stress.
As we write uncertainty seems the only right word to use until a structural breakthrough eventually takes shape. If not, British scepticism or outright non-belief/rejection from early days will have been proved ominously right.

In the meantime how not to be worried when the UK is surrounded by Euro countries who are major trading partners too?
At 40% UK exports to the Eurozone are significant but not overly so.
It is the case, however, that there are no substitutes to these markets as dictated by geography, logistics, economics and history.

Then, the underlying political question remains largely unaddressed. As to whether or not the UK might favour further EU integration, which successive governments have not, or essentially an economic Union loosely bound by a set of common Treaties.

For now long-standing British reservations have confirmed themselves. The EU project has stalled as the Eurozone grapples with pressing economic and financial complexities derived from its own hurried monetary union.

Eurozone fortunes could still swing either way depending on political will as much as on economic reality.