French warning to euro summit

France warned on Tuesday that European unity would be at risk if eurozone leaders failed to take bold action to tackle its sovereign debt crisis at a crucial summit this weekend.

More videoIn sharp contrast to signals from Angela Merkel, Germany’s chancellor, playing down the chances of a breakthrough, President Nicolas Sarkozy said that “an unprecedented financial crisis will lead us to take important, very important decisions in the coming days”.

Raising the sense of urgency, the French president added: “Allowing the destruction of the euro is to take the risk of the destruction of Europe. Those who destroy Europe and the euro will bear responsiblity for resurgence of conflict and division on our continent.”

As Moody’s, the US rating agency, warned that France could see its credit outlook cut as a result of the growing sovereign debt emergency, Mr Sarkozy alluded to his country’s vulnerability were the eurozone to fall apart. “France on its own cannot cope.”

http://www.ft.com/cms/s/0/27a2ad84-f9aa-11e0-9c26-00144feab49a.html

Germany will not put up with it though as they will not pay for the rioting Greeks. France is in serious danger as they are the country that is the most exposed to Greece and that could lead to all their banks failing. With those bank failures, the banks would then demand a bailout and with that we will see riots like we have never seen before

Than with France and the Mediterranean countries.

Russia has oil, gas, minerals and other resources. Western Europe is pumped out and mined out.