Euro talks, what are the implications?

They would have to be fools to think that signing an agreement is going to magically reduce government spending and save the euro currency. Countries are already using their own currencies again, like Greece. If countries want to share a currency then that is their choice, they should not make up these "disaster what if scenarios", while trying to convince everyone else to join them. That is how they got away with the massive bailouts by convincing the foolish politicians, that if they do not hand over billions and even trillions of dollar the economy would crash and massive job losses etc. Well the economy is still about to crash, we still have seen massive job losses and now we have round two of economic terrorism blackmail.

They should just transition off these failed policies and accept that the single currency did not work and try to find other practical immediate solutions. Trying to patch it up with policy is a joke.
 
i don't normally sit on the fence but I can't decide what course of action is the better one, and I have a feeling that most politicians are probably far less confident than they sound

this doesn't seem to stop some people on this forum posting opinions that suggest their point of view is so unambiguously correct, everyone who disagrees is mentally subnormal lol
 
Why is additional regulation of the City a bad thing ?

We've seen what happens when the money men are allowed to go about their business with next to no regulation, that's why we're all in this mess.
 
It's not regulation, it's just a profit grab by the EU countries because most of them have no banking industry worth speaking of compared to the UK.
 
Finally some backbone.

Next step withdrawal from euro money pit and trade with our neighbours or if they cry forge some links with commonwealth and emerging markets in BRIC nations.
 
The Eurozone crisis WAS NOT caused by bankers in London who contribute a disproportionally large amount to tax revenues. A structural deficit in government spending has nothing to do with how much a comodities trader gets as a performance related bonus.

Fraudulent practices by US investment banks, underhand accounting by Eurozone member countries and supression of inflation & interest rates to keep the british public spending thereby staving off the natural ebb & flow of the economy are the root causes.

Educate yourself about the actual economics behind our current situation & stop blaming the banker bogeyman for rampant materialism bought on a buy-now-pay-later economic policy.
 
All the bankers appearing on bbc news seem to be saying the same thing. Won't make a difference to us, France Germany etc have been spending too much and are now seeking to get money from elsewhere.

All these opposition politicians are jumping on the bandwagon claiming we've failed. Failed to what? Join this pact of doom between european idiots?

FTSE 100 closed up.........seems the sun will rise in the East tomorrow, and the Earth will still spin on its axis!
 
WillyNelson said:
The Eurozone crisis WAS NOT caused by bankers in London who contribute a disproportionally large amount to tax revenues. A structural deficit in government spending has nothing to do with how much a comodities trader gets as a performance related bonus.

Fraudulent practices by US investment banks, underhand accounting by Eurozone member countries and supression of inflation & interest rates to keep the british public spending thereby staving off the natural ebb & flow of the economy are the root causes.

Educate yourself about the actual economics behind our current situation & stop blaming the banker bogeyman for rampant materialism bought on a buy-now-pay-later economic policy.
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trader trade a lot more than just commodities (coffee, oranges, gold etc...). you are right about stuctural deficit and buy now pay later econmics; however you must also not forget that governemnts are taking in less money because of a crisis back in 2008 which saw property values plummet, then people started losing their jobs etc... so saying the bankers have nothing to do with this is shortsighted. also all this downgrading by agencies such as S&P is political (you think it's a coincidence they threaten to downgrade a few days before summit or are they looking to influence the outcome?), it's not like the US, Germany and France are incapable of paying their bills/debts, btw UK isn't safe from a downgrade as well

in the end it's only by working together that man has accomplished anything. If UK wants to remain relevant then it will need to be united with Europe, otherwise it will be in a weak position to negotiate with powerhouses like China etc... as it stands it's a parriah in Europe and has no influence even in a weakened EU - good luck dealing with China that is steadily buying out the world
 
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It'd be interesting to see the UK start talks on joining the USA/Canada Free Trade Area. Arguably we have more in common and stronger ties with them than mainland Europe, the only difference is a slightly larger piece of water in between us.
 
Athanor said:
It'd be interesting to see the UK start talks on joining the USA/Canada Free Trade Area. Arguably we have more in common and stronger ties with them than mainland Europe, the only difference is a slightly larger piece of water in between us.
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it's called NAFTA and you an add Mexico to the deal :D. more drugs and guns in the UK? if you think that is better than having a free trade agreement with Europe then you are free to that opinion, but there is no way you could have both. it's not like UK now have a hope in chance of convincing EU to any such deal and it's not like the US take their orders from the UK
 
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I dont see it that way at all, I'm glad we have a PM who isn't scared to make decisions, blindly going along with the proposals would make us look very weak indeed.
 
lunarwolf said:
it's called NAFTA and you an add Mexico to the deal :D. more drugs and guns in the UK? if you think that is better than having a free trade agreement with Europe then you are free to that opinion, but the maths wouldn't back that up
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Don't know that it would be better per se, just an alternative perspective to the "Europe is our only hope" thought...
 
The proposed Tobin Tax would have fallen about 80% on UK based investment banks. The City of London is a major tax source for the UK Government. If we allowed the EU to impose this tax it would drive away a large source of income our deficit would be far higher.

Amazingly I think Cameron may have done he best thing for us. I wouldn't be surprised if the Irish are worried about the implications of Frnco-German control of their fiscal planning. Even before this treaty members of the Bundestag got hold of the Irish budget before it had been given to the Irish Parliament, imagine how bad it will be with the treaty.
 
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