Wednesday, Dec 02, 2009
Ca va chier...
The Times: We are in charge now, Sarkozy tells the City
Alistair Darling has delivered a blunt warning to the EU’s new French finance chief against meddling with the City of London. As Nicolas Sarkozy gloated over impending curbs on the City, the Chancellor said that such moves would drive financial services out of Europe. The French President’s glee at the appointment of Michel Barnier as Commissioner for the Single Market took on an edge of menace yesterday when he said that unfettered City practices must end. “Do you know what it means for me to see for the first time in 50 years a French European commissioner in charge of the internal market, including financial services, including the City [of London]?" he said yesterday.
Posted by happyrenting @ 01:28 PM (701 views) Add Comment
6 Comments
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1. montesquieu said...
Well, the Frenchies can't mess it up any worse than the Americans and the Brits between them have managed, can they?
Actually I'm quite keen to see how this pans out as from a point of view of social harmony and equity, the city is a giant open sore and if it get chopped down to half its size I wouldn't lose any sleep. It will make the re-adjustment all the quicker.
Brown's naievte here has been astonishing though - putting a complete no-mark into a worse than useless position as chief foreign policy talking shop wallah, while the French get the job with real power to affect people's lives across the EU.
2. crunchy said...
Brown's naivete seems to me akin to Bliars. It's a wonder how they both ever got into power. No further comment.
3. letthemfall said...
"Britain would not accept new laws that could lead to taxpayers picking up the bill for bailouts ordered by Brussels. "
Sometimes politicians come out with stuff that makes you choke on your cup of coffee. We're picking up a pretty big bill on behalf of our own govt. Frankly Europe has a better record of managing its financial sector than us. I'm sick of hearing this rubbish about bankers decamping elsewhere. Let them go (if indeed they actually intend to). There are plenty of qualified people to take their place - who might even do a better job.
4. Olala said...
Michel Barnier is well known in France for being called: 'Le cretin des Alpes'...ie the 'idiot from the Alps'...We'll see how clever he is...NOT!
5. the number cruncher said...
Perhaps Gordon Brown, as the spiritual successor to John Law, has persuaded the rest of Europe that he can not be trusted with their finances.
Gordon's economic policies have some remarkable similarities to Law's
Will we ever learn from History? John Law's biography is fascinating I recommend it for any armchair economist.
Wikipedia Link:
http://en.wikipedia.org/wiki/John_Law_%28economist%29
6. mander said...
First what has got agriculture to do with finance? I guess this why the political system isn't working. Without background the politicians would not be able to understand finance even if they have expert advisers. And secondly who thinks Sarcozy he really is... Europe needs London and London needs Europe and we need to work as uniun not as having Sarcozy as a boss. And thirdly it will all depend on which side China will be on by the British-Americans side or the Europe's or other countries side and in this game Sarcozy is noboby if I may say...