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Everything posted by _w_

  1. The difference is that most of these rules where backed by 'pacts', 'rules' and other similar fudge friendly methods. The plan now if to have them enshrined in law, it makes a big difference. You should look in the other thread with the letter to van Rompuy, it details what was agreed to. The long term / structural solution is much more important than giving a retarded banker a bazooka for Christmas, however much he wants it. There are some measures in the agreement that do tackle short term issues. The problem with the banks, the real problem, remains and will be tackled I supect to the banks' detriment but you can't expect all of the EU's problems to be solved in one go. The bankers would have liked to mix both issues and get a massive present of inflationary cash to solve their problems under the guise of saving the sovereigns and they won't get it. It's a very good thing IMO.
  2. You need to read the letter to Rompuy, it spells out quite a lot. It lacks the key words 'bazooka', 'all in' and other juvenile emotional expletives we have grown used to but I wouldn't be surprised if Euro sovereign bonds keep rising next week.
  3. I used to read his stuff a lot. His got his biases but I don't think he is driven by VI. The thing is he is a more a knowledgeable journo than deep thinking analyst. Good for entertainment purposes only IME.
  4. You've just desscribed how things work today.
  5. Macroman... great writer, poor analyst. doesn't spend enough time to think about what he writes.
  6. It is much more than financial regulation though, this is a handover of the right to chose how much to spend and collect (and how) to the EU courts. It's a huge move (including for Germany) and I would imagine a bigger one for a lot of countries than for the UK in terms of loss of national sovereignty. The Italians, French and others struck me, at the people level, as much more nationalistic than we are. I don't think any of these politicians agreed to this without having given serious thought to the popular consequences in their home countries. And unlike last minute toughtless-designed-to-fail deals that came out of previous summits, this one has been crafted and negotiated for quite a while.
  7. If only it was only the French and Germans. It is likely all 26 other members are angry. Looking at the enormous step that they took towards integration shows how seriously they were taking the dangers they face and how keen they were to stabilise the situation. All of them. And all the while Britain was stirring things up by any means possible and trying to undermine the stabilisation process by causing a market panic.
  8. I've no idea. I''m just flabbergasted by how things have changed. I was under the impression that our core principles of national sovereignty and democratic representation were under threat. They're gone already.
  9. Merkozy wrote a letter to Van Rompus that spelt out the details to be agreed upon on Friday. I think it was on Wednesday.
  10. I have no doubt that Labour would have done exactly the same. Same as the Lib Dems left to their own devices, these are becoming quite a joke now.
  11. Wishful thinking IMO. As of today the traditional right seems to have all but disappeared.
  12. You give that man too much credit. If you look at what he does and not what he says, then he has no intention of giving us a referendum. He was just happy to swap the UK's independence for the City's. Where does the Queen fit into this?
  13. OK but what happened to the true Tories. They seem to have disappeared or at least have lost all their power and influence. If they hadn't Cameron would never have been close to offering such a deal and by now he would be in the process of being sacked from the party. It seems to me the right as you see it doesn't exist anymore and liberals rule the world.
  14. And yet, Cameron offered to move us fully into that massive, centralised, corrupt, unaccountable, undemocratic bureaucracy if only the EU would give him a bone for the City. How does that fit into your sophisiticated model?
  15. You missed the subtitle: 'cos all I can find is the usual partisan waffle...
  16. Not Cameron, the EU spared Cameron the ignomity by refusing to do one of its habitual fudges. To be fair I don't think it is just Cameron, it just goes to show how little today's political classes care about sovereignty issues. those with strong emotional attachments to our national identity are bound to be severly disappointed sooner rather than later with these guys in charge.
  17. If the City had got what it wanted the UK would be no more. Some people will be livid when they realise what Cameron was prepared to do.
  18. I agree with that. The implications of what just happened will take a long time to take shape and I don't think it is clear how it will turn out. I think Cameron's action in the past few weeks means he is persona non grata in Europe but that will only last until the next government so it is short term. I also think Europe as a single political entity eight to ten times the size of the UK will probably want to take City business into Europe and that will be an interesting battle over many years but the outcome is not clear.
  19. There's no denying that Switzerland has been turned into a shadow of itself by its bigger neighbour. It would never have dismantled its secrecy laws of its own accord. And all that was before Europe got its act together.
  20. (From the BBzz) I wonder if all those eurosceptics realise that Cameron would have been quite happy to give away all of UK's sovereignty in exchange for some City goodies. We were one euro fudge away from being turned into a European province by Cameron. I would be livid if I was them.
  21. And the current weakening of our military is like an invitation to try. Nuts.
  22. Another thought, despite assurances of military independence the sharing of armed forces is a reality. It is fully endorsed by the current government and we've been preparing for it for a while. The latest extreme gutting of our armed forces is in anticipation of a common EU defence force, the UK wouldn't be able to stand on its own if it wanted to. Should Argentina pursue its renewed ambitions towards the Falklands we'd be entirely dependent on France's aircraft carriers FFS. It's happening. Now.
  23. One thing I find stunning: had the EU accepted to give Cameron the bank regulation exemptions he asked for, (which is what he asked for, despite the poor sugar coating), last night he would have handed over the UK's last remnants of sovereignty. I know I expect this of him and of today's politicians of all parties, but I still can't believe it. Are his party's grass roots so thick that they won't see what he was prepared to do? And that if he had made this deal he would have never have implemented it via a referendum?
  24. For once I can say you're wrong. The UK is already the largest ever tax haven and those stolen funds are already here.
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