The EUF would be composed of contributions by
the different Eurozone countries according to their GDP, population and previous year unemployment levels.
Not exact matches
You know on the one hand if a
country leaves the
Eurozone, and not like Britain did but like an actual
country that's located directly in it like Italy or France, then the whole thing blows up because suddenly the credit markets go because at that point the credit rating for the European Union is
different.
The deepening of the
eurozone, which will inevitably happen as a result of the problems of the single currency, will open up opportunities for a
different and better settlement between
countries such as Britain and the European Union.
It is important to remember that the two
countries come at this issue from completely
different perspectives — for the UK, in addition to practical budgetary considerations, the contribution to the EU budget carries great symbolic resonance, while in Germany it is seen as an unwelcome distraction given the wider problems within the
eurozone.
June 29, 2012 • If the euro is to survive, the
eurozone needs to be more like one
country, and less like a bunch of
different countries that happen to sit on the same continent.