Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
#1
The PM has warned the City is under attack from Europe.
Sky reports: "The Prime Minister David Cameron has said London's financial sector is under assault from European Union rules and regulations."
The Prime Minister has warned that the 17 eurozone nations are having a lot of meetings together, establishing machinery, and asks whether this is leading to caucusing within the EU, with the ultimate aim of the "block of 17" ganging up on Britain's centre of financial services.
This latest drift in events will certainly do a lot to salvage the PM's public image after his debacle in Parliament when the eurosceptics put up a staunch resistance.
If I decipher this rightly, Cameron has realised that, as far as the British public opinion is concerned, he either stays with the EU and goes, or he fights the EU and stays on.
So if the block of 17 has decided to paralyse the City in order to knock Britain out financially, then the Prime Minister has chosen the most appropriate battle cry to redeem himself in the public eye.
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
#2
I think the warning is a valid one Alexander and it would not surprise me. We shout and occasionally throw our toys out of the pram and because we are not in the Eurozone, the other European leaders must get pee'd off.
If the unelected beaurocrats did not keep coming up with new lgislation that is against our best interests, we might not shout so loudly; much of the Eurozone's problem is the inflexibility of the constraints the member-countries are tied to - one size (see set of rules) does not fit all, as we have seen across a range of countries and to everyone's expense; release some of those constraints and I'm sure things might be different.
Roger
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
#3
roger;
i think in reality what posters are saying is barryw''s dave isn't shouting enough, in fact he's quite happy and promotes the uk to stay in the EU
what your senior party officials are getting concerned about is the knock on affect this will have on the party with the tories being pro europe.
(well dave is, but the party isn't)
thus the splits open up
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 683- Registered: 11 Feb 2009
- Posts: 1,052
#4
It would make sense for Euro business to be conducted within the Eurozone and this, as far as I understand it is the most likely scenario whereby such business that is currently conducted in the City could shift to Frankfurt or elsewhere.
You can't have your cake and eat it!
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
#5
Why do you say that Mark ? European businesses are doing a lot of business with UK businesses that do not have the Euro and would continue to do so if we were not members of the EU.
Not being in the Eurozone doesn't prevent companies from America or Asia from trading with them.
Roger
#6
They are doing a great deal with China at the moment
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
#7
Cameron`s credibility in Europe is at an all time low.He has been seen to snipe at the European countries whilst they have been battling for weeks with the crisis.
There is now a two tier Europe.Seventeen in the Euro and ten outside.Britain being one.
Cameron`s ability to negotiate terms of our membership have always been very slim if not non existant.Recent events have made it nigh impossible.
Europe`s revised financial arrangements mean the City`s financial services will be vulnerable.The caucus of seventeen countries will now want to see a larger `share`of financial services in Paris and Frankfurt.
The prospect of clashes over the City`s future came as Cameron condemned the ``Elite Greedy Pigs``excessive pay packets.He urged Company Boards to be `responsible in their behaviour.?????
Enough is Enough.?????
Guest 698- Registered: 28 May 2010
- Posts: 8,664
#8
When I was much younger, the 'elite' was something to which everyone aspired. Nowadays it's a term of abuse. What an indictment of the way, over the last 30 years, high achievement has become something to be despised, and the quest for equality has only had the effect of dragging everybody down. Those who buck the trend and accumulate significant wealth get pilloried in the press. (only those who create jobs and an increase in national wealth, that is; pop stars, worthless celebs and footballers who accumulate even greater wealth seem to be immune from criticism.)
Lowest common denominator rules -OK.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 670- Registered: 23 Apr 2008
- Posts: 573
#9
Pop stars and footballers give pleasure to a lot of people, when was the last time we got pleasure from the banks and their associate parasites? True they may be important to the country but look at the price we have to pay to keep them from bankruptcy. Yet knowing public opinion is not too endeared to them their bosses take more money in bonuses, pension schemes and salaries, give me a pop star any day.
I have nothing against wealth providing it isn't obtained on the backs of others, unfortunately we are not in it together and the wealthy couldn't care a toss how the rest of the country struggles.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#10
good point from charlie about china, the e.u. has their begging bowl out expecting them to put 62 billion quid in.
apparently china is now so wealthy that they can give us this money and still leave enough left over to pay for every man, woman and child to have a set meal for 2 each day(choice of boiled of fried rice) for the next 30 years.
Guest 640- Registered: 21 Apr 2007
- Posts: 7,819
#11
Here is the latest gem just in from Reg...Im doing the honours for Reg.
Cartoon by Dave Brown again of The Independent. Bit of a wizard this guy Dave Brown. Hits the spot time after time.
* *
CAPTION :....But...........Merkel I`ve only just started to negotiate?................No chance!!!!
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
#12
hes on the ball is our reg,
we need to have a bit of honesty
barryw's dave is clear he continues to be pro europe has no intention of ever leaving the E.U.
much to the upset of his own party members.
so all the pretence needs to be put to one side, until barryw's dave changes his mind on being part of the E.U.
Or the party gets rid of him
then we are stuck with a pro eu prime minister
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
#13
Clegg and Flashman clash over negotiating EU membership discribing tory right wing aims as ``Economic Suicide``
Europe will be a major Split in Coalition.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
#14
Nick Clegg's view is by and large that of PaulB, that Britain should not leave the place at the European top table, sacrificing influence essencial to prosperity.
Clegg's point of view on not renegotiating the fundamental founding texts of the EU corresponds to what I wrote about a week back, as it would open a can of worms.
If Britain did it, each EU country would do the same, each striving for their own personal advantages.
It would go on for 5 years.
That is why an EU referendum should have 2 questions: in or out, not 3, the third asking for a can of worms due to renegotiating membership. This is basically Charlie Elphicke's point of view too, as he explained it on the Forum, saying that 3 options is rubbish. Which it is.
Sky News reports:
"Polls have also suggested that two thirds of the public - and 80% of Tory voters - agreed with the rebels."
Considering that the 17 eurozone countries are integrating into one block within the EU, going for one fiscal union and one policy, the inevitable outcome will be that the other 10 member states will find themselves in a position where they are sidelined, and will probably leave the EU altogether.
It's the best way out for us, just a referendum whether to stay or to leave, and then leave.
Otherwise our Parliament will be bickering for the next 10 years over the EU, and we'll get nowhere!
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
#15
The main problem with the EU and the EU beaurocrats is that they are sticking to the principle of one size (see, set of rules) fits all countries and economies and of course it doesn't so with that insistence, it cannot work in the long run.
I think I tend to agree with your scenario Alexander, that if we were to start negotiations on our relationship with the EU, so would most other countries; at least it would stop further integration while the bickering - sorry negotiating, is going on.
Roger
Guest 640- Registered: 21 Apr 2007
- Posts: 7,819
#16
Another one from Reg..apt for halloweeeeen...
By Schrank of The Independent
****************
Caption;... Flashman..........Politics Greta Garbo.........Man on the outside.......Talking to who?
Guest 683- Registered: 11 Feb 2009
- Posts: 1,052
#17
Roger
I was referring to a move by the ECB to locate those financial institution that deal with the Euro to the Eurozone:
http://www.businessweek.com/news/2011-10-06/u-k-sues-over-ecb-limits-on-clearing-euro-denominated-trades.htmlGuest 653- Registered: 13 Mar 2008
- Posts: 10,540
#18
Sorry Mark - I read your posting a couple of times and still managed to mis-read it.
I thought the ECB was in Frankfurt ?
Roger
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
#19
If I understand rightly, Labour is becoming slightly more realistic and might even become eurosceptical.
If this happens, either the LibDems lose popularity, or they get 31% of the votes (the percentage of people in Britain who'd vote for staying in the EU).
The only thing I am sure of, is that the EU eurozone leaders in Germany and France will not agree to any renegotiating of the EU, they've invested too much of their countries' money in the eurozone, and would rather see us leave than see 27 member states arguing over the principles of how the European Union should function.
They will most certainly apply the rule: one bad apple will make 26 good apples become foul
