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Archive for the ‘Battle for Europe’ Category

Britain and the EU: the failure of a forced marriage

Posted by seumasach on December 10, 2011

Wolfgang Kaden

Spiegel

10th December, 2011

It was to be expected. And now it’s official: The British have elected not to join the treaty governing Europe’s new financial system. Prime Minister David Cameron refused.

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After 30 years, City of London loses Brussels

Posted by seumasach on December 10, 2011

Cameron’s decision to abscond from the European scene is an early christmas present to our european partners and the greatest contribution Britain has ever made to the development of an independent Europe. Of course, Europe has a long way to go. After all it is still in thrall to NATO, an organization which compromises European sovereignty and constitutes a permanent threat to peace. The need for a strategic partnership with Russia and China becoming increasingly urgent.

Neurope

9th December, 2011

Britain has become sub-marginal following the EU Summit of 9 December, which reshaped the geo-economic direction of the European continent with the acceleration of fiscal union, a process that will include reinforced regulation and supervision at a European level.

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Eurozone Crisis: Justice Secretary opposes Cameron on European treaty change

Posted by seumasach on December 7, 2011

The ascendancy of City of London interests and the reserve currency status of the pound require the fragmentation of the Eurozone and the removal of euro as a rival currency. However, the campaign to wreck the euro have only served to consolidate the Eurozone and Britain now faces isolation and economic armageddon. No surprise then that the cracks are beginning to show in Britain’s normally monolithic political elite.

Huffington Post

7th December, 2011

Justice Secretary Kenneth Clarke has broken ranks with David Cameron on Europe, saying that Friday’s crucial EU summit is not a good time to be trying to extract concessions from Brussels.

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Cameron threatens to veto EU treaty

Posted by seumasach on December 7, 2011

To veto or not to veto? – It doesn’t really matter: the eurozone has made it clear it will proceed without the UK if necessary. In fact, sidelining the UK and the sacrosanct “City of London” is definitely part of the solution for Europe.

Investment Week

7th December, 2011

UK Prime Minister David Cameron has threatened to veto plans for an overhaul to the EU treaty on grounds it could damage British interests.

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Merkozy to Seek New EU Treaty to Tackle Crisis

Posted by seumasach on December 6, 2011

This puts Cameron in a very interesting situation. If he tries to continue Britain’s wrecking game he’ll find that the EU simply ceases to have a real existence and is replaced by the Eurozone; if he goes along with this plan he will face the wrath of his party’s lunatic eurosceptics.

Spiegel

5th December, 2011

German Chancellor Angela Merkel and French President Nicolas Sarkozy gave a crucial show of unity in the euro crisis on Monday, announcing after a meeting in Paris that they will push for a new treaty, either among all 27 EU members or just the 17 countries in the euro zone, to force member states to adhere to tighter budget discipline in the future.

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EU leaders attack S&P After ratings warning

Posted by seumasach on December 6, 2011

Hans Michelbach, a member of parliament for the conservative Christian Social Union party, the Bavarian sister party to Merkel’s Christian Democrats, called the S&P warning “an arbitrary decision with no relation to reality.” The aim of the announcement, he said, had evidently been to create additional nervousness ahead of the EU summit. He called on the EU to crack down on the “uncontrolled games” being played by the ratings agencies.

As the UK and US economies disintegrate they continue their campaign to undermine the euro and despite overwhelming, irremedial indebtedness continue to benefit from the indulgence of the rating agencies which are controlled by Wall Street/City of London interests

Spiegel

6th December, 2011

Ratings agency Standard & Poor’s has piled pressure on EU leaders to come up with a deal to save the euro at their summit on Thursday, warning that it may downgrade 15 of 17 euro-zone countries — including powerhouse Germany. EU politicians have criticized the agency’s statement, and are particularly unhappy about its timing.

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Europe needs to open up further to Chinese investment to solve debt crisis

Posted by seumasach on November 29, 2011

 

Xinhua

29th November, 2011

 

Europe needs to open up further to Chinese investment which would substantially help solve the eurozone debt crisis, a senior researcher from China’s top economic planning authorities said here Tuesday.

“On helping solve the eurozone debt crisis, a channel that China prefers is for Europe to let in more investment of Chinese companies,” said Wang Yiming, vice president of the Academy of Macroeconomic Research, the National Development and Reform Commission (NDRC).

“Further opening up to investment from Chinese companies would help stimulate the European economy, create jobs there and boost the capabilities of eurozone countries to pay their debt,” Wang said at a forum on Europe-China relations.

“What European countries really need is the capacity to form blood, rather than blood itself. So it is high time to ask whether European countries can be more open to investment from Chinese firms,” the researcher said.

 

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Une Europe allemande?

Posted by seumasach on November 27, 2011

Derrière les plans d’austérité, le modèle allemand triomphe. Berlin assoit son leadership au fil de la crise et préside à l’intégration de l’Europe.

Fabrice Delaye et Myret Zaki

Bilan

16th November, 2011

L’Allemagne est en train de réaliser, avec la crise de l’euro, ce qu’elle n’a pas pu faire avec deux guerres.» Provocatrice et un brin excessive, cette remarque lancée récemment par un grand banquier rappelle que la pression des marchés aboutit, en définitive, à plus d’intégration de la zone euro, sous leadership allemand. Sous la contrainte de l’euro, l’unification du continent autour d’un Euroland, excluant les Britanniques, apparaît comme la seule voie possible pour éviter un éclatement de la monnaie unique. Pour Michael Hüther, directeur de l’Institut der deutschen Wirtschaft de Cologne, «les politiciens européens ont compris le besoin de cette discipline. Le cas est similaire à celui des années 1980, quand la plupart des pays ont réalisé qu’ils ne pouvaient pas résoudre leurs problèmes par des dévaluations systématiques vis-à-vis du mark.» La solution est passée alors par plus d’Europe. «Au lieu de la finlandisation annoncée, on a vu un président socialiste français relancer, aux côtés de l’Allemagne, la construction européenne, du marché unique à Maastricht», rappelle Franck Biancheri, directeur du Laboratoire européen d’anticipation politique (LEAP).

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Britain will have to join the euro, says Tory grandee Lord Heseltine

Posted by seumasach on November 21, 2011

Telegraph

21st November, 2011

The former deputy prime minister, a long-time supporter of the single currency, said the public had “no idea” about the potential impact its collapse would have on the UK.

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Angela Merkel holds firm on plan for financial tax despite British fears

Posted by seumasach on November 19, 2011

The EU and its institutions are being rendered obsolete by a crisis largely engineered by City if London interests. The law of unintended consequences once more imposes itself and Cameron finds himself completely wrong-footed: instead of a reformed EU in which Britain can continue in its wrecking role, Britain finds itself left out in the cold by a the new europe, a reconstituted Eurozone.

Telegraph

19th November, 2011

Speaking after talks with David Cameron in Berlin, Mrs Merkel also pointedly rejected the Prime Minister’s call for the European Central Bank to play the main role in bailing out troubled eurozone countries.

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Britain ‘will join euro before long’, says German finance minister

Posted by seumasach on November 19, 2011

Sir John, who advises David Cameron on foreign policy issues, also described the banking transaction tax as “a heat-seeking missile proposed in continental Europe, aimed at the City of London”.

What do the British elite expect? Did they really think the Europeans wouldn’t fight back?

Telegraph

19th November, 2011

Wolfgang Schäuble said that, despite the current crisis in the eurozone, the euro will ultimately emerge as the common currency of the entire European Union. He said he “respects” Britain’s decision to keep the pound, but insisted that the survival and eventual stabilisation of the euro will convince non-members to join the currency club. “This may happen more quickly than some people in the British Isles currently believe,” he added.

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