JOHN CAUDWELL
@johndcaudwell
PRESS RELEASE
October 22, 2011.
CAUDWELL: EUROPE ON TIGHTROPE AS MERKEL AND SARKOZY BALANCE WIN AND LOSE.
Commenting on the current Eurozone talks, entrepreneur John Caudwell said:
“Merkel and Sarkozy will struggle to find agreement over the financial crises. Sarkozy has everything to gain – he desperately needs a solution because Franceis more vulnerable to contagion, and its credit rating is under threat, while Merkel has the lion’s share of everything to win – and lose.
“Finding a comprehensive solution which will work will be immensely complicated, even for one member state. But since the solution has to work for all member states, this means the complexity of the proposal grows exponentially with the self-interests of each country piled one on top of the other.
“I also believe there is an element of Merkel keeping her powder dry for now, but she is, of course, well aware of the ill condition of Europe, and cannot allow it to deteriorate too much for fear of a domino-effect collapse. It will cost her more than anyone else; she knows she has to tread carefully.
“There is a crucial balancing act going on as Europe walks a precarious tightrope with the rest of the world perched on its shoulders.”
In 2006, John Caudwell sold his 10,000-employee mobile phone business, which included Phones 4u, for £1.5bn. John now concentrates on charitable and philanthropic work including Caudwell Children @caudwellkids .
@johndcaudwell
Ends
Further information:
Iain Macauley
07788 978800
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