Euro talks, what are the implications?

Bear said:
Many governments have abandoned responsibilty in the name of buying votes.
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All Governments do it one way or another. Positive or negative incentives depending on your PoV, they all "buy" votes fiscally or ideologically. They do not abondon all concepts of responsibility however or they would generally become unelectable and their governments would be susceptible to destabilization.

Accountability is another matter beyond the franchise, but then again it isn't exactly singularly unique either.

The actions of some Governments borrowing beyond their means is one component of the problem, the other is the actions of the financial sector.

You cannot reform one without the other, because this didn't originate as a sovereign debt crisis but that of a subprime mortgage fraud.




Bear said:
Want first class services but wants someone else to pay for them so the governments have to borrow to pay for them.
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I think the electorate are wise enough to realise any Government spending is going to be borne by them regardless of the financing in place.

The problem isn't people wanting others to pay, or first class services or the welfare state, it is the current existance of capital itself. Government has long had to borrow money to wage war and enact its will and such like going back well before any welfare care from the state. It would appear to be the natural order for the majority of nations.



Bear said:
Governments are trying to prevent reneging on their debts as it would mean no one would lend to them, what choice do they have?
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Well why say they were trying not too?

No Government wants to torpedo its own country.
 
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It was tongue in cheek but they are being nasty about it saying it was British banks fault, erm didn't Greece have a retirement age of 56.

EU depends on a lot of exports to us, we can easily just boycott EU zone stuff.

How many VAG and BMW cars are sold in the UK every year.

kierenharrold said:
humans will look back at this period in 100 years time and think... WTF was wrong with these idiots.
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You mean like we look back at the Nazi party and say WTF was wrong with these idiots.
 
cheets64 said:
It was tongue in cheek but they are being nasty about it saying it was British banks fault, erm didn't Greece have a retirement age of 56.

EU depends on a lot of exports to us, we can easily just boycott EU zone stuff.

How many VAG and BMW cars are sold in the UK every year.



You mean like we look back at the Nazi party and say WTF was wrong with these idiots.
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i don't think a trade war is looming, also i don't think "they" blame Britain, "they" think banks need to be regulated so we don't go through endless cycles of instability due to financial cowboys.
 
cheets64 said:
It was tongue in cheek but they are being nasty about it saying it was British banks fault, erm didn't Greece have a retirement age of 56.

EU depends on a lot of exports to us, we can easily just boycott EU zone stuff.

How many VAG and BMW cars are sold in the UK every year.
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Perhaps it's because the Conservatives have spent the last six months or more blaming their own domestic failures away on their EU partners? It's not great politics but generally what goes around comes around.

cheets64 said:
You mean like we look back at the Nazi party and say WTF was wrong with these idiots.
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Good lord, what's that got anything to do with this?
 
cheets64 said:
It was tongue in cheek but they are being nasty about it saying it was British banks fault, erm didn't Greece have a retirement age of 56.

EU depends on a lot of exports to us, we can easily just boycott EU zone stuff.

How many VAG and BMW cars are sold in the UK every year.



You mean like we look back at the Nazi party and say WTF was wrong with these idiots.
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the Bankers would have to get the Bus
 
wozzizname said:
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.
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I know it's popular in the press to blame 'the bankers' for the financial crisis but it's a bit more complicated than that.

Main problem with this treaty was the financial transaction tax - banks can quite easily move business overseas (to Asia etc...) and essentially they'd kill one of the UK's biggest industries not to mention using it as their own personal piggy bank.

If there were proposals to cut back on the common agricultural policy then the French would be up in arms yet as it is finance the UK now looks like the pariah.
 
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Why is the story of this summit the story of so many previous Euro summits? The Germans and French say "Jump!" and all the other countries are supposed to say "How high?". This has been the story for as long as I can remember.

Cameron was in a lose, lose, position with the UK media. If he accepted the new treaty he would have been blamed for not protecting British interests, and if he decided to use the veto he would be blamed for being a bad European.

The EU is a German/French racket and you can bet they'd use their veto if their interests were at stake.
 
dowie said:
Main problem with this treaty was the financial transaction tax - banks can quite easily move business overseas (to Asia etc...) and essentially they'd kill one of the UK's biggest industries not to mention using it as their own personal piggy bank.
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that is a bit of an overstatement, how would you buy shares in Burberry on the FTSE 100 or UK bonds outside of London? even if you are a chinese bank buying Burberry shares then you would pay a tax.
 
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