Labour and the Euro summit

StevieJ

Malcolm. wrote: »

Anyone would think he was leading upto an election. Oh, he is!? That explains it!!!

Maybe Cameron is as well

StevieJ

Graham_Devon wrote: »

How can you possibly say that!?

Did you not watch the scorn being poured and the anger shown over Cameron vetoeing the agreement!? A few weeks ago, Sarkozys agenda was a different one, which didn't need Cameron, hence telling him to keep his nose out. At the summit, he needed Cameron to sign.

How can you seriously turn round and suggest Sarkozy got what he wanted!??

Sorry, I'm gonna have to stop responding. With respect, this is labour allegience gone to the extreme!

Do you understand what it is all about now?

Sapphire

When checking the BBC news website it's interesting to note the 'comments' to articles posted by the BBC, e.g. to Nick Robinson's article 'Britain uses its veto'. Despite the attempts by rags such as the leftie Guardian and some BBC/Channel 4 broadcasts and articles to influence public opinion, the majority of posters are congratulating Cameron on his stance. I must admit, it must have taken some guts to stand up alone to that lot of buffoons, in the full glare of publicity.

Whatever the EU tries to do to fix the Euro won't succeed, in my view – with or without Britain involved in the process.

Arcaine

In my opinion if Cameron had signed over spending and taxation rights to the EU then he would of been even more in the spot light today. A case of a rock and a hard place. Once you start looking at the economics of the situtaion its a case of we are marginalised in the same way as the one person left on the quay waving to the Titanic as it sails into the sunset. (not my quote it was on the bbc yesterday but a good one I think).

Arcaine

Just a quick note to add from Bloomberg

Euro-area governments have to repay more than 1.1 trillion euros ($1.5 trillion) of long- and short-term debt in 2012, with about 519 billion euros of Italian, French and German debt maturing in the first half alone, data compiled by Bloomberg show. The ECB has bought a total of 207 billion euros of sovereign bonds during the region’s crisis in an effort to stem surges in bond yields.

Once this starts coming due how much will the French and German governments be expecting the coutries that have signed up to this to contribute. In fact they have already asked for 200 billion.

In putting an extra 200 billion euros on the line, European governments for the first time extracted a contribution from the euro region’s national central banks, getting them to lend 150 billion euros to the International Monetary Fund’s general resources. Non-euro EU states will chip in around 50 billion euros. Leaders aim to confirm within 10 days how they will channel the funds to the IMF, which would then be better able to aid troubled European states.

Do we really want to sign up to this????

StevieJ

Arcaine wrote: »

In my opinion if Cameron had signed over spending and taxation rights to the EU then he would of been even more in the spot light today. A case of a rock and a hard place. Once you start looking at the economics of the situtaion its a case of we are marginalised in the same way as the one person left on the quay waving to the Titanic as it sails into the sunset. (not my quote it was on the bbc yesterday but a good one I think).

I thought it only applied to Eurozone countries (apart from the IMF contribution)?

Arcaine

StevieJ wrote: »

I thought it only applied to Eurozone countries (apart from the IMF contribution)?

What I read didnt say that specifically but after thought that would make sense.

IronWolf

Sir_Humphrey wrote: »

This is the culmination of a process that started when he left the European People's Party. The point is that had he properly engaged with the other centre-right he could have persuaded them.

Persuaded them to do what exactly? You're coming out with plenty of BS about alliances and isolation, but exactly what other option was there.

Cameron asked for safeguards in the treaty, Germany and France flat out said no, other countries weren't even given a chance to discuss these, so please enlighten us what "alliances" could have achieved in this?

And tell me how we are now isolated? The EURO countries are now going to discuss what sovereignty to give away to the EU, the UK will not be bound by any treaty they come up with, or any stupid financial transactions tax they want, so why do we need to influence these decisions. Exactly what are they going to do that will somehow "damage" us and "isolate" us?

dshart

Remember also that Britain is still a signatory to the original treaty and so they still have a say. If the FrancoGerman alliance want to break away they will have to sign a completely new treaty. Any changes to the current treaty would have to be ratified by all members and DC has already said that the current eurobodies for administering the EEC cannot be used to administer the changes that France and Germany have proposed, so they would have to set up new bodies to administer that.

Sir_Humphrey

dshart wrote: »

Remember also that Britain is still a signatory to the original treaty and so they still have a say. If the FrancoGerman alliance want to break away they will have to sign a completely new treaty. Any changes to the current treaty would have to be ratified by all members and DC has already said that the current eurobodies for administering the EEC cannot be used to administer the changes that France and Germany have proposed, so they would have to set up new bodies to administer that.

If there is a treaty change, there will need to be a referendum in the UK. If that happens, the coalition falls apart and Cameron risks not being Prime Minister any more. But there is not going to be treaty change. Cameron does not want there to be a treaty change because he knows he would lose a referendum and the loons will destroy him.

As for not using existing bodies...dream on - if the 26 want it to happen it will happen. A way will be found.

As I say once again - has Cameron repatriated any powers? No. What has this achieved? A few good tabloid headlines. Will the Eurosceptics stop causing trouble for Cameron? Not on your nelly.

This ain't over yet.