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Terry Carey
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Our place in Europe???

Colin,

I liked your post even better the second time I read it. I particularly loved your last sentence.

The meeting which has just ended with Cameron showing a lot of grit should have been about solving the current crisis. Instead, as usual, the clowns fudged the issue and tried to mend something broken by ignoring it and trying to do something else as a solution which really had no relevance - I know that’s an oxymoron but it fits the situation.

TC.

"and Felix kept on walking, and walking"

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11/12/2011 14:20:29

Steve Greenwood
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Just a couple of points. France and, especially, Germany are the power houses of Europe. They will not allow the Euro to fail albeit certain countries may withdraw from the currency.
The fact that many people wish that the U.K. would withdraw from the E.U. is at odds with most of the experts that insist that withdrawal will harm the U.K.’s recovery from the mess that it’s in.
I hope Cameron is right and the U.K. will not be sidelined by the other European members when it comes to making important decisions but this may be a forlorn hope rather than reality. The coalition partners may find that they would be better off going their separate ways and then a general election would be called within a short space of time. The views on Europe by both are diametrically opposed and I can’t see that many more compromises will be met.
The wheel hasn’t come off completely but it’s only hanging on by a thread, IMO;

Live long and prosper

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11/12/2011 15:40:14

Marie Drew
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[QUOTE]Quoting: Steve Greenwood
[I]Just a couple of points. �France and, especially, Germany are the power houses of Europe. They will not allow the Euro to fail albeit certain countries may withdraw from the currency.

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I disagree with your statement that France is the powerhouse of Europe. Germany definitely but Sarkozy is hanging on to Merkel’s coat tails and with very good reason. It is not just the Mediterranean countries which are in dire economic straits but France too. Sarkozy was angered when the France’s credit rating was lowered making borrowing more expensive and thus adding to his economic woes, In contrast because of the austere policies which the UK has put in place, our credit rating is much higher as there is more confidence in our policies by the financial markets. This consequently puts us in a better position for borrowing at more competitive interest rates.

Whether this latest agreement is sufficient to stabalise the financial markets for the Euro to continue in its present form, remains to be seen. Personally, I believe this agreement among the Eurozone countries is a fudge, after all it is only a tightening up of the rules already in the Lisbon Treaty, which were never adhered to. In time, the same countries will again find they cannot keep to the strict fiscal policies, not withstanding there will be more scrutiny of budgets, and they will eventually drop out of the euro leaving just a lesser number of northern countries with a common currency. Germany will no longer prop up deficit countries with bailouts or allow the Central European Bank to do likewise as it would mean rampant inflation for Germany and Merkel knows the German people would not stand for that - historical fears of the 1920’s situation. Thus, the stance which David Cameron has taken will become irrelevant and overtaken by events.

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11/12/2011 16:15:25

Michael Potter
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I believe their are three simple questions we have to ask ourselves about the EU.

Do we wish to once again, determine our own Laws, eg Human Rights, Immigration and Employment.

Are we stupid enough to believe the left wing propaganda, spearheaded by the French and Germans, ably abetted by most in the Labour party, the Liberals and BBC, trying to convince us that we cannot go it alone.

Do we wish to continue paying �50,000000 per day, to prop up this Corrupt Unelected Left Wing Quango.

It will be interesting to see over the next 6 months, how, each of 26 individual countries, will react to the pressures placed upon them by Germany and France to get their house in order.

At the end of the day, they have all got their own self interests at heart, any agreements they come up with, will end up being a fudge, and that is the basic flaw in this concept of the EU.

Has Boy Dave proved his credentials, time will tell.

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11/12/2011 16:17:24

Marie Drew
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The UK isn�t in the Euro...a wise move on someone�s part... so the UK is not completely isolated and �remains an open economy plugged into the global network. �That makes the UK �as isolated as someone left on the dock in Southampton as the Titanic sailed away.�

[I] Last edited by Colin Hall[/I][/I][/QUOTE]

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Colin

The statement above is so apt. I read it in today’s Sunday Times so it must be doing the rounds - the opinion of Terry Smith, Chief Executive of Tullett Prebon, the interdealer broker.

Camereron did well to use the veto to protect the financial institutions in the City. I have written of this issue on previous threads as the majority of people in the UK are employed in service industries, much wealth is created in the Cilty of London. The government was quite right to reject any interference or regulation changes from the EU to our financial institutions as our financial position in the world would be drastically weakened. Conversely such changes would have little impact on France or Germany as their institutions are of leser importance.

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11/12/2011 16:39:43

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