Labour and the Euro summit

Graham_Devon

StevieJ wrote: »

It still is, nothing has changed.

Only because we haven't signed up!!

:wall:

nickj_2

both eds . miliband and balls are very good at saying the govt has got it all wrong , the normal they're cutting too hard , too fast seems to be the only thing they are capable of saying , i've yet to hear any of their plans for the country , they would have to be making similar cuts themselves

Mrs_Bones

StevieJ wrote: »

Maybe we should ask the other 26 members who have signed up

They have signed up to a theory, nothing is yet set in stone. Now it needs to get pass various parliaments and possibly some people vote referendums (shock horror). Some of those parliaments and people may not be as happy to give away their fiscal sovereignty as those politicians who wish to stay on the EU gravy train.

Even if it all gets passed, which could take between months and years. What do you think it's actually achieved? The debts haven't suddenly melted away, growth has not suddenly reappeared or unemployment across the Euro zone has not been eradicated. The Euro is fatally flawed. This latest plans will not alter the fundamental problems. If countries like Greece can not devalue their currencies then they can't compete in world trade terms. Just forcing more and more austerity on them in the vain hope that growth will magically reappear is folly and is not going to be adhered to in the long term.

Kennyboy66

StevieJ wrote: »

It still is, nothing has changed.

I don't think a financial transaction tax will ever happen in the UK.

It's a dumb idea for three reasons;

1) It won't raise anywhere near the amount of revenue projected, as transactions will just move to another jurisdiction

2) I don't see how having fewer transactions should lead to less volatility. It should in fact reduce liquidity.

3) It is championed by Bono.

I suspect you would struggle to find any Tory MP who thinks its a good idea - but they will pay lip service to it whilst the banks remain in the firing line - and it also distracts from the obvious way to tax the wealthy, which would be a land tax.

The proponents of the Tobin tax seem to think that tax revenues will magically appear out of the ether like some kind of fiscal alchemy - the truth is that the tax burden falls on a person in the end.

StevieJ

Graham_Devon wrote: »

What kind of answer is that?

26 members haven't even signed up. You are just as bad as Douglas Alexander.

So you didn't actually understand what Cameron hadn't signed, but are still attempting the ridicule, you couldn't make it up

StevieJ

Kennyboy66 wrote: »

I don't think a financial transaction tax will ever happen in the UK.

I agree, but nothing that happened yesterday had any effect on that.

Graham_Devon

StevieJ wrote: »

So you didn't actually understand what Cameron hadn't signed, but are still attempting the ridicule, you couldn't make it up

Where do you get the theory that I don't understand from!?

You appear to be just posting random responses now.

Graham_Devon

Heres just one response from Germany, on the UK veto...

German Christian Democrat MEP Elmar Brok, foreign policy spokesman for the centre-right in the European parliament, echoed his sentiment: "If you're not ready to abide by the rules, you'd do better to keep your mouth shut."

Says it all to me. Put up or shutup seems to be the mandate.

As was stated on channel 4 news. It took courage for Cameron to use a veto, and ultimately walk away with nothing...something that's not often witnessed.

Loads of anger for not following "the rules" here:
http://www.bbc.co.uk/news/world-europe-16114902

StevieJ

Graham_Devon wrote: »

Only because we haven't signed up!!

:wall:

You would think that the UK independence party would be cheering from the rafters.

UK Independence Party leader Nigel Farage said the outcome was "the worst of all worlds" for the UK, leaving the country in Europe but without power.

Mr Farage said: "We finish this summit with Cameron having gained absolutely nothing, with the prospect of us repatriating powers having disappeared completely and with the City of London, that he sought to protect, now more vulnerable than it has ever been."

StevieJ

Graham_Devon wrote: »

Where do you get the theory that I don't understand from!?

You appear to be just posting random responses now.

From your keyboard

- We would automatically receive sanctions for our defecits.
- We would have to submit our own budgets to Brussels and ask them if we can proceed.