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Everything posted by NiceLilEarner

  1. No wonder the people who own and run this country hate Europe so much - right there on our doorstep, proof beyond doubt that there is an alternative to the class-ridden, deregulated, lager-sodden debt train that is the Englishman's lot.
  2. It seems to be part of an EU wide attempt to bring stability and consistency to patterns of lending and credit; a sensible enough thing to do, bearing in mind that the first part of the current crisis was down to irresponsible lending in the property market. I suspect only the UK will be holding out against the idea of sensible regulation and control of speculation in the property market - you only need to Google 'Eu Regulation BTL' to read the yellow shriek of outrage from this country's vested interests. More depressingly, they will probably get their way, and Britain will win another famous 'exemption'.
  3. Not sure if this subject has already been posted, but if not, heres a link that takes you into the belly of the BTL beast. Eurohaters take note; its hard to imagine our own crapulent legislators coming up with a proposal like this. My link
  4. Hes getting nervous about all this financial transactions tax talk (or his bankster mates are, and they have prodded him out onto the stage to say something hostile about the Germans).
  5. The man is walking, talking proof of the Bundesbanks wisdom in resisting meddling, politicised, printy printy central banking.
  6. What has changed is Germany's willingness to acquiesce to the wishes of its neighbours. We have grown so used to Bonn, and now Berlin, staying 'on message' that any assertiveness at all from the country is interpreted as a declaration of war by the media.
  7. Mervs comments possess the same intellectual rigour as Cameron's; insisting that the success of the Eurozone is necessary for the sake of our own economy, then gloating over the crisis and refusing to offer assistance. I predict stern words behind closed doors in Berlin on Friday. Cameron will already be practicing his fixed grin and 'we have had serious discussions and I made my views clear..' routine for the cameras afterwards.
  8. The proposed legislation looks like a good example of the EU intervening to protect the British people from their own government. There are other examples - human rights , for instance, and meaningful restrictions on the City. No wonder Cameron looks all pink and frowny, and Osborne all pale and sweaty, at summit meetings. The EU also provides the only meaningful political opposition in this country, since Labour abandoned the job (take your pick when that happened - 5, 10, 20, 30 years ago).
  9. Another predictable thread from the euro-haters. They start with prejudice thinly wrapped in the latest headlines, and end with xenophobia messily unpacked all over the floor (with maps). Nothing, of course, about house prices, or the impact on the UK economy, so why the mods don't banish this stuff beats me. On the topic, I suspect Angela Merkel is managing expectations; she needs change from her Eurozone partners and agreement from her own people, which means leading both to the edge of the abyss and forcing them to face consequences. It seems to be working so far in both Greece and Italy. Floating ideas like Greece exiting the Eurozone, and a two speed Europe, are part of this strategy, and we can expect more of the same going forward. Incrementally, it will produce the change the Eurozone needs (and maybe some exits), but will not be accomplished in the single big hit the greedy markets are looking for. Instead of gloating about problems on the continent, we should be worrying about the complete lack of influence our government is having over this process, and the long term consequences Britain is likely to face from a more compact, integrated Eurozone.
  10. "The new economy we're building: it's like building a house. The most important part is the part you can't see – the foundations that make it stable. Slowly, but surely, we're laying the foundations for a better future". I thought he was meant to be rebalancing the economy. A better choice, surely, would be building a Rolls Royce aero engine, or even a public building like a school or hospital. But no, its got to be bricks and mortar, with all the promise of the next property bubble that lies beyond. He goes on to add: "Because we're not in the Euro, we can lay these foundations ourselves: on our own terms; in our own way". That probably means too much sand mixed into the mortar. I recommend a comprehensive structural survey for any future buyers.
  11. Nah. Britain has the moral high ground, dontcha know. Our house is in order, the banks and housing market have been sorted. The credit rating agencies are beyond reproach too; allegations about their misvaluation of worthless derivatives can be disregarded. Laugh it up, Toryboys.
  12. Had to predict something that could be a decade away. The only thing that is certain is that it won't happen in 6 weeks, no matter how much George Osborne demands it, and it won't be designed to save the UK's house price bubble (no matter how much George Osborne wishes it).
  13. Gary Gibbon made an interesting point about 'credit easing' on C4 news yesterday; apparently the idea had been raised a year ago in a report commissioned by the Tories, but was then nixed by Osborne because it was seen as a distraction from 'Plan A'. Now, in desperation, it is being resurrected and the detail (which could have been worked out by now if the original report had been followed up) is being made up on the hoof - which probably explains the minister's unconvincing performance. Shows how threadbare the Coalition is becoming barely halfway into their term in office.
  14. No chance of German exit. The idea only occurs to Anglos who spend too much time staring at columns of numbers on trading floor screens. Much more likely is a process of crisis management during which expectations will be raised and dashed, from one summit meeting to another, for years to come. At each crisis point, the German government will extract a political price for their continued support. The end result will be a stable, probably smaller Eurozone. Britain will have no influence over this process, in spite of its vital interests - the most sustained period of powerlessness in the country's postwar history.
  15. Because they have belatedly bought into the economic benefits which the EU provides. Like all the main parties in this country, however, the Labour 'Pro-European' label is more apparent than real; the idea has been sold to their supporters on the basis of economic benefit only, with no attempt to explain the powerful political dynamic that has been driving the Union since the end of the last war. The result; a thin veneer of pro european policy, easily shattered by events and the politicking of individuals like Gordon Brown. The average Labour supporter is no more pro european than the average Tory (unfortunately, in my view).
  16. I feel conflicted. I am caught between my pro-European desire to see the Euro succeed, and my HPC dream of a functioning UK housing market (ie house price falls that leave King, Osborne, Shapps, etc, bleeding from the ears). No wonder Cameron has come over all shrill, signing letters to Sarkozy and thumping the lectern and demanding action. Fortunately, no-one will be paying any attention - the best Cameron can hope for is to time his comments to coincide with Obama's and hope people credit him instead.
  17. Neither are the Eurosceptics. Of course, anyone who predicts the collapse of a complex, cooperative system will eventually be proved right. The nutter who smells of pee and stands on the street corner predicting the crack of doom will be proved right in the end, given enough time. That doesnt mean we hand the world over to nutters, or Karl Marx, or Conservative backbenchers (I think even Cameron understands that).
  18. Thats like declaring the failure of the UK / US banking system in 2007/8 is a complete and crushing victory for Karl Marx. Be careful what you wish for !
  19. I agree with you there; the corporates in the European Commission will never stand up to their equivalents in the banking system. But then neither will the politicians in the nation states (see banking reform, etc). The only hope for the political future of Europe lies in the institution for which the UK government (of whichever persuasion), Simon Jenkins and most of the posters on this thread reserve their deepest loathing (and fear) - the European Parliament. Someone once said the problem with the nation state is that it is too small for the big things, and too big for the small things. The sooner we design a polity that can a) stand up to the big international beasts (supra national parliament and elected European President) and deliver effective regional government, the better. The future, believe it or not, belongs to Van Rompuy and Boris Johnson !
  20. This is the latest in a series of triumphant sallies by Jenkins. First up was his brilliant commentary on Libya, in which he argued against western intervention (abandoning the people of Benghazi to Gaddaffi). Then, with his Nimby National Trust hat on, doing his best to stop any reform of a planning system which has helped deliver this country's housing crisis. Now he wants to retreat even further behind his English cottage garden wall by arguing for a break up of the Eurozone. Note the common thread - populist, easy option arguments, designed to appeal to the ageing baby boomer's isolationist and increasingly fearful instincts. The same people who see no moral hazard in pulling up the drawbridge on the next generation of homebuyers, or the people of Libya, will have no difficulty believing they can be safe from the consequences of the break up of the Eurozone. Its a big bad world out there - a United States of Europe is not a luxury, its a necessity in an international environment where size matters. For those, like Jenkins (and a depressing number of people on HPC), who think we can go it alone, it is worth remembering the consequences of isolation; a British prime minister forced to fly to a hostile capital to appease an authoritarian regime. Munich, 1939 ? No, Moscow, 2011; Cameron grovelling before Putin and Medvedev in order to win a pathetic tranche of trade deals. Would the Russians have risked sprinkling Polonium on the streets of New York, Paris or Berlin ? I don't think so. Village Idiot England is no option for England, never mind Europe.
  21. I love the way the whole thing looks like it is teetering over the driveway pit, about to fall sideways into the hole. Georgian has to be the most abused of our historic architectural styles. If you are going to do pastiche, at least look at some original examples to see how it should be done; there are plenty still around.
  22. I heard this and could'nt believe he was claiming the UK were doing better than others in recognising there was a corpse in the room. Most people in this country, as long as interest rates stay low and house prices stay high (and their jobs stay safe), are in complete denial about the nature of the crime that has taken place; just look at asking prices on Rightmove, or those brainless herds who swept into the new Westfields mall in Stratford the other day. And we have a Chancellor who thinks Britain can be a global bystander, nursing its zombiefied housing market (the corpse that wont die!) while other countries get on with the messy business of cleaning up the crime scene.
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