Budget 2010: EU calls for faster UK deficit cuts

tomterm8

Generali wrote: »

AIUI, having signed the Treaty of Rome and the Maastricht Treaty the UK Government is committed to joining the Euro at some unspecified date in the future. As such the stability pact still applies.

Of course it didn't apply to the Germans a few years back when they breached it but IIRC it almost applied to Portugal a while ago.

We have an opt out on the excessive deficit procedure, so the comission has absolutly no leverage.

Sir_Humphrey

It's funny how some people see the European Commission as a load of out-of-touch, corrupt, feather-bedded Eurocrats, until they actually agree with them.

tomterm8

Sir_Humphrey wrote: »

It's funny how some people see the European Commission as a load of out-of-touch, corrupt, feather-bedded Eurocrats, until they actually agree with them.

Personally, I think they are a load of out-of-touch, corrupt, feather-bedded Eurocrats even when I agree with them.

StevieJ

Kohoutek wrote: »

No-one agrees with George Osborne apparently, not even the captains of British industry according to StevieJ, despite the fact that the Confederation of British Industry, like Osborne, are calling for early action on the deficit.

http://news.bbc.co.uk/1/hi/business/8554353.stm

Obviously someone has to agree with him, I doubt he thought that policy up himself More to to the point I agree with you that nobody takes any notice of him.

Are you naive enough to think what George Osborne says about the pound will cause the value to drop as a result? The financial industries has got its own experts and analysts, what a politician outside government says is of no consequence to them.

Kohoutek

You should have quoted that statement in bold out-of-context, because if you read the rest of the context that you've kindly included you can see it doesn't apply.

As I said before, which obviously you didn't take in, there's a difference between making a mere observation about Britain's economy as a member of the opposition and making a proposal to reduce the deficit as a potential member of a new government.

The observation is just an observation, but if George Osborne outlines a policy, then a lot of people in business that would be affected if the Tories won the election will want to listen to what he has to say.

StevieJ

Kohoutek wrote: »

You should have quoted that statement in bold out-of-context, because if you read the rest of the context that you've kindly included you can see it doesn't apply.

As I said before, which obviously you didn't take in, there's a difference between making a mere observation about Britain's economy as a member of the opposition and making a proposal to reduce the deficit as a potential member of a new government.
y.

Just because you say it doesn't make it so

Graham_Devon

StevieJ wrote: »

From my link above

Quite what the European Commission, home of profligate finances and dodgy accounts, was doing calling for more drastic action to cut Britain's budget deficit is not clear.

Doesn't matter.

Chucky was pointing out that the experts in the financial industry disagreed with Osbourne and picked 2 sources.

He implied something which was simply not true.

SOME people in the financial industry disagree. And that will always be the case on nearly any single policy in history, and in the future. Some people agree.

Now if I could just use your own line:

StevieJ wrote: »

Just because you say it doesn't make it so

chucky

Kohoutek wrote: »

What does that mean? Is that what you say when someone else is right and you are wrong?



Of course, everyone would prefer Clark to Osborne. I don't think Osborne is a good choice as Chancellor, I just can't believe some people still defend the Labour party.

But is the prospect of George Osborne as Chancellor really worse than Ed Balls with Gordon the Moron as backseat driver? :eek:

the point is that no one is saying that Labour is going to be better - the point is that you keep on preaching to us that the Tories have all the answers.

it may come to you as a surprise but they don't - they probably have less ideas of how to deal with the deficit than the current people in charge.

chucky

Graham_Devon wrote: »

Doesn't matter.

Chucky was pointing out that the experts in the financial industry disagreed with Osbourne and picked 2 sources.

He implied something which was simply not true.

SOME people in the financial industry disagree. And that will always be the case on nearly any single policy in history, and in the future. Some people agree.

Now if I could just use your own line:

sorry Graham that's a good attempt but it's a fail on that one

your link is quoting EU officials, the Tories, the Lib Dems and BBC political correspondent Ross Hawkins. none of those are people in the Financial Industry. sorry.

my article is from a guy at UBS and someone at Credit Agricole (i think) - people that actually work in the financial industry not some politician or journalist

Graham_Devon

chucky wrote: »

sorry Graham that's a good attempt but it's a fail on that one

your link is quoting EU officials, the Tories, the Lib Dems and BBC political correspondent Ross Hawkins. none of those are people in the Financial Industry. sorry.

my article is from a guy at UBS and someone at Credit Agricole (i think) - people that actually work in the financial industry not some politician or journalist

:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

European Commission not in the financial industry.

:rotfl::rotfl::rotfl::rotfl:

It's true. Not specifically. But to imply they are not into finance is hysterical!