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| pcernie wrote: Mr Cameron said the UK had also joined forces with France and Germany to demand a freeze in the EU budget until the end of the decade. | |
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That should last about, oooh, two weeks.
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| UK to stop bailing out eurozone by 2015, says Cameron http://www.x404.co.uk/forum/viewtopic.php?f=19&t=11880 |
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| Author: | pcernie [ Mon Dec 20, 2010 5:55 pm ] |
| Post subject: | UK to stop bailing out eurozone by 2015, says Cameron |
The UK will no longer be "dragged into bailing out the euro" if the government gets its way, David Cameron has said. The prime minister said the government would back a treaty to this effect, which would come into force in 2015. In a statement to the House of Commons on the weekend's EU summit in Brussels, he promised to act in "our interests" in Europe. But Labour Ed Miliband said the treaty would a "minor change" and accused Mr Cameron of "grandstanding". Mr Cameron said the UK had also joined forces with France and Germany to demand a freeze in the EU budget until the end of the decade. http://www.bbc.co.uk/news/uk-politics-12043665 There's the link, but that's the height of it at the moment... |
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| Author: | belchingmatt [ Mon Dec 20, 2010 6:11 pm ] | |||||||||
| Post subject: | Re: UK to stop bailing out eurozone by 2015, says Cameron | |||||||||
That should last about, oooh, two weeks. |
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| Author: | Amnesia10 [ Mon Dec 20, 2010 8:23 pm ] | |||||||||
| Post subject: | Re: UK to stop bailing out eurozone by 2015, says Cameron | |||||||||
Plonker. These bailouts are not bailouts of the spendthrift nations. They are bail outs of British and German banks amongst others. The Irish bailout was a bailout of RBS and HBOS as well. So refusing to bail out those countries will mean no support for the banks. Which is not such a bad thing really, but I can see that they have not realised the linkages in such bailouts. |
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| Author: | Linux_User [ Mon Dec 20, 2010 9:20 pm ] | ||||||||||||||||||
| Post subject: | Re: UK to stop bailing out eurozone by 2015, says Cameron | ||||||||||||||||||
Nothing wrong with the EU budget, they usually spend it on something useful too. |
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| Author: | l3v1ck [ Mon Dec 20, 2010 10:15 pm ] | |||||||||
| Post subject: | Re: UK to stop bailing out eurozone by 2015, says Cameron | |||||||||
  "
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| Author: | Linux_User [ Mon Dec 20, 2010 10:18 pm ] | ||||||||||||||||||
| Post subject: | Re: UK to stop bailing out eurozone by 2015, says Cameron | ||||||||||||||||||
I was being serious. For example, Cornwall's getting fibre, and Westminster isn't paying for it... |
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| Author: | l3v1ck [ Mon Dec 20, 2010 11:29 pm ] |
| Post subject: | Re: UK to stop bailing out eurozone by 2015, says Cameron |
If they stopped paying French farmers to be inefficient, they have a fortune to spend on really useful stuff. |
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| Author: | Amnesia10 [ Tue Dec 21, 2010 1:45 am ] | |||||||||
| Post subject: | Re: UK to stop bailing out eurozone by 2015, says Cameron | |||||||||
There are loads of problems with the agriculture budget. Here it goes to landlords and rich farmers mainly. Even British Sugar get a huge dollop of EU cash. |
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| Author: | ProfessorF [ Tue Dec 21, 2010 11:00 am ] | |||||||||
| Post subject: | Re: UK to stop bailing out eurozone by 2015, says Cameron | |||||||||
In fairness, British farmers have been milking that particular cash cow for a while. My father knew someone in Scotland who was paid just for planting sun flowers - so he did, in a bog. In order to get the subsidy, the didn't have to flower, just be planted. Another chap took it upon himself to plant thousands of pine trees (on an airfield, all around the runway) just to get that subsidy paid as well. |
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| Author: | dogbert10 [ Tue Dec 21, 2010 2:32 pm ] | ||||||||||||||||||
| Post subject: | Re: UK to stop bailing out eurozone by 2015, says Cameron | ||||||||||||||||||
I thought this was to do with Governments who don't know how to control their own finances (e.g. Greece, Spain etc.) and use the Euro, not specifically bank bail-outs.... |
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| Author: | Amnesia10 [ Tue Dec 21, 2010 4:19 pm ] | |||||||||||||||||||||||||||
| Post subject: | Re: UK to stop bailing out eurozone by 2015, says Cameron | |||||||||||||||||||||||||||
Before the crisis Ireland had a surplus, clearly not profligate. Most of the Irish bailout is going to the banks and in turn to their counter parties in the UK, Germany France Belgium etc. Greece was a bit of both. The banks would have failed without the bailout of the government meaning big losses for German and Austrian banks in particular. So still a bank bail out. Spain's big banks are still solvent the smaller caja's are not. The euro is only part of the problem. No system was created to move the balances within Europe. Germany has benefited significantly from membership of the Euro, whose value has been lowered by the presence of the PIIGS. It would be having a much tougher time trying to export with a much stronger currency. |
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