• News Feeds
Page last updated at 09:44 GMT, Friday, 9 December 2011

Terry Smith: UK 'refused to join the Titanic'

Advertisement

Terry Smith, Chief Executive of Tullett Prebon, has compared Britain's isolation from the EU to "someone who refused to join the Titanic before it sailed" as "there is nothing that guarantees that the euro will survive at all".

He adds that the countries on the periphery of the EU, "including France", will struggle "to become competitive if they remain in the single currency".

The agreement, he believes, will lead "to more austerity" for those countries to take part.


Get in touch with Today via email , Twitter or Facebook or text us on 84844.

SEE ALSO

Story Tools

BBC navigation

BBC © 2013 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific