Britain stays out of EU financial crisis deal

[muckymurphy]

Although I don't like mr Cameron at least he's not bent over backwards for the French and Germans on this one thumbs up for the first time from me mr Cameron

 

maggie thatcher was the iron lady - can we call cameron the brass monkey now for looking after our cash?

[TheGuy]

well did we need any more proof the Cameron is in the pockets of the bankers ?.

why did he decided that out of 26 countries that we were the only one ( at present ) who thought that putting measures in place to counter the financial crisis was wrong for the euro zone. now why was that?. the main reason is the slight rise in tax that the French wanted to impose on the financial transactions of the city of London. which would raise billions of euro s. now the banks of course say they will all go overseas, where the tax regulations are less stringent. don't they do this already? secretly depositing huge amounts in offshore accounts so they don't have to pay tax in this country. do we need any more proof that the financial markets are a force that is getting to the edges full on greed and corruption for the few that control it?

 

Dont you see that Britain would be disproportionately affected by a tax rise on financial transactions?

[I1L2T3]

Something like 50% of the financial sector of the EU is in Britain, so Britain would suffer disproportionately by a financial transactions tax.

 

This needs to be considered with great care

 

A disproportionate share of the sector but that means a disproportionate capability to wreak financial carnage.

 

The financial transaction tax is a nice idea but it needs to be fair and it needs to be very carefully thought through.

 

Make no mistake the 17 are going to demand some kind of control over London in this respect. They will not want their carefully crafted fiscal experiment to be taken out by unregulated or poorly regulated trading out of London.

 

IMO the financial transaction tax is the wrong place to start anyway - it implies that current patterns of destructive trading can continue, as long as a pound of flesh is extracted as tax. The point is that the current patterns of trading cannot continue if we want stability on the continent and indeed globally.

 

To be taken more seriously we have to make a commitment to effective regulation, as much on our own terms as possible to avoid the 17/EU imposing regulation on us. In that way we may be able to argue against the tax.

 

It's a critical moment for the City.

[JFKvsNixon]

I fail to see what else the PM could have done, if he signed up for the treaty change wouldn't we have to have a referendum to ratify the treaty? A referendum that would have been lost, and scuppering the treaty?

[ANGELFIRE1]

Thats Mister Blair if you dont mind - our international peace envoy who worked tirelessly trooping around europe knocking on parliamentary doors like a desperate jehovas witness to legalise his peace mission in Iraq.

 

Blair owed europe.

 

 

Is that the same Mr Bliar who should be arrested for crimes against humanity. It would also give Mrs Bliar a job defending him, instead of wasting time accepting as many freebies as possible.

 

Well done Cameroon for making a start of lifting the German Jackboot and the Garlicy hands of the French off the neck of GREAT Britain.

 

Regards

 

Angel.

[I1L2T3]

I fail to see what else the PM could have done, if he signed up for the treaty change wouldn't we have to have a referendum to ratify the treaty? A referendum that would have been lost, and scuppering the treaty?

 

There isn't anything else he could have done. It doesn't suit us.

[mossdog]

VAT Man and the Boy Blunder are going to bring hardship and doom to the entire UK

There you go again!.......can't help it can you.Just shows how much you really know about the situation.

I sometimes think you must be smoking something!

[ampersand]

I fail to see what else the PM could have done, if he signed up for the treaty change wouldn't we have to have a referendum to ratify the treaty? A referendum that would have been lost, and scuppering the treaty?

 

Absolutely right - he couldn't have done anything else to retain the support of a large proportion of his party, and if he had done anything else he would struggle to get it through Parliament without a referendum which would almost certainly reject it - and how on earth would he have gone into a referendum proposing something that the majority of his party didn't support

[mj.scuba]

How can problems fundamentally caused by integration, be solved by further integration?

[JFKvsNixon]

There isn't anything else he could have done. It doesn't suit us.

 

I agree, it's going to take some very smart diplomacy to stop France and Germany dominating Europe now.