Thursday, Dec 03, 2009

Almost amusing... Fury as EU creates watchdogs for London

Fears are growing over Britain's future as a world financial centre after the Government agreed to sweeping new European controls over banks, finance houses and insurance firms.
Chancellor Alistair Darling was accused of a 'sell out' after signing up to a deal that will mean the creation of three powerful new EU regulators.

Posted by contrails are not a conspiracy (formerly npnh) @ 12:31 PM (2161 views)
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1. inbreda said...

Sell out?

They can have em!

Thursday, December 3, 2009 12:37PM Report Comment

2. crunchy said...

""contrails are not a conspiracy" LOL, LOL. Very funny! Declassified now.

Yes, we have been sold out completely. This can also effect our laws, or more accurately the revenue capacity from those. Watch out!

Thursday, December 3, 2009 01:00PM Report Comment

3. the number cruncher said...

I remain very skeptical about the power strucutres of the EU (I am convinced the UK power Structure are dodgy)

But the E.U. have delived good economic growth and increasing rights and living conditions for its avergae citizens, better than that of the UK governemnt

The only people who loose out are those that whish to exploit workers and those involved in dodgy financial dealings.

With this in mind I would love to hear the, considered, counter augments from this HPC'ers who are very much opposed to the E.U.

Thursday, December 3, 2009 01:40PM Report Comment

4. mander said...

A very big French mouth. The city has its own sins but still the Europeans seem to be the idiots in this crises. Look arround Sarcozy and see that everyone is in the game of devaluing their currency and what exactly is Europe doing about it?

Thursday, December 3, 2009 02:07PM Report Comment

5. crunchy said...

Commerce with all nations, alliance with none, should be our motto.

Thomas Jefferson.

The man who said more with a single sentence than many have attempted through pointless or misguided essays.

Thursday, December 3, 2009 02:10PM Report Comment

6. krustyatemyhamster said...

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness and that they should be content with living manacled in the shed at the end of my garden.

Thursday, December 3, 2009 02:28PM Report Comment

7. Dellboy said...

So banks "pull out" of Europe altogether ... they would only pull out those portions of the business that would benefit from being pulled out. There would still be institutions taking deposits and lending money to businesses and individuals. Who cares if the casino parts go somewhere else? The argument that they bring in large pots of money by handling other people's wealth is not a strong one; the wealth "generated" by handling money is really just wealth "syphoned"; a disproportionate amount of that wealth dodges the tax man and ends up in assets that have very little positive effect on the rest of society anyway.

Thursday, December 3, 2009 02:53PM Report Comment

8. mark wadsworth said...

They'll just make things worse, that is more or less guaranteed once the EU get involved. Banks are now even more part of The State then they ever were, and I don't mean in a benevolent sort of way, more along the lines of the Normans, who stole our land a thousand years ago and have been renting it back to us ever since.

Thursday, December 3, 2009 03:05PM Report Comment

9. crunchy said...

4. mander

Just another freeloader. Sacré blue nun!

Thursday, December 3, 2009 03:09PM Report Comment

10. icarus said...

This will drive top talent out

number cruncher @3 - re the power structures of the EU. The question is to what extent are things decided by the official side - European Council, Council of Ministers, European Parliament , European Commission etc. - rather than by private groups such as the European Round Table (ERT), the European Institute, the EU-Japan Business Round Table, the Trans-Atlantic Business Dialogue, Friends of Europe, the European Financial Services Round Table etc.

After the Belgian journalist Jan Puype managed to get into a meeting of the European Round Table (ERT) he said the following in an interview with the Dutch magazine Solidair.

Solidair : In your book you describe how ERT chairman Gerhard Cromme (Krupp-Thyssen, Council on Foreign Relations) teaches European Commission Chairman Romano Prodi a lesson for criticising the United States.

Puype : I thought I was hallucinating. Prodi was put in his place like a little kid. It became even more remarkable when (Prodi) started to speak himself. He held a speech like "friends, I will not do it again and I will be good from now on".

You can't say the ERT decides everything that goes on in Europe, but its influence is enormous. It has a very effective way of lobbying. Its members write papers on the direction Europe should be going in terms of the environment, competition, technology etc. (Then) the machine starts running. The club (ERT) sends out a team of delegates consisting of the most important members of the European Commission. Individual members take the messages to their national governments. The ERT thinks very pro-actively. It is often the first to work on certain issues. The introduction of the single currency, the Maastricht Treaty, the Channel Tunnel, the EU's expansion to the east; that all started at the ERT.

Thursday, December 3, 2009 04:43PM Report Comment

11. icarus said...

mark w @ 8. "The Normans..stole our land and have been renting it back to us ever since".

Agricola first laid waste the land. Then he displayed to the natives his moderation. (Tacitus)

Thursday, December 3, 2009 04:48PM Report Comment

12. mark wadsworth said...

Icarus, do you have a link to that?

Thursday, December 3, 2009 04:49PM Report Comment

13. mark wadsworth said...

Icarus, I mean to the ERT stuff, not Tacitus.

Thursday, December 3, 2009 04:50PM Report Comment

14. icarus said...

mark w 12, 13 - yep

There's a danger that once you get onto this site you'll be there until the weekend.

Thursday, December 3, 2009 05:24PM Report Comment

15. mark wadsworth said...

Icarus, thanks, but that appears to be a Zionist conspiracy website, and it links through to the interview elsewhere but that is all Dutch, which I can just about read but it's hardly something I can stick on my 'blog.

Thursday, December 3, 2009 11:02PM Report Comment

16. shipbuilder said...

Mark W - did you just see Clive Anderson on Question Time? Celebrity LVT supporter!

Thursday, December 3, 2009 11:13PM Report Comment

17. mander said...

9. crunchy,

Thanks for the youtube link. The playboy Sarcozy has no clue about the new world arrangements and it is too soon to call the French model a success. But I remember a funny story when the Europeans announced a search engine in the making to compete with Google. Hopefully we will not end up with a similar finance story.

Thursday, December 3, 2009 11:40PM Report Comment

18. crunchy said...

17. mander, When Bernanke gets the boot and the Fed is finally audited and as a result ended, that will be a new dawning.

Funny how you use the term playboy. It's near enough.

Friday, December 4, 2009 12:17AM Report Comment

19. icarus said...

mark w @ 15. Zionist conspiracy website? Most of the influential old-boys clubs it investigates are anything but Zionist or even Jewish.

Friday, December 4, 2009 10:06AM Report Comment

20. letthemfall said...

mw: "They'll just make things worse, that is more or less guaranteed once the EU get involved"

Anyone'd think you were a supporter of UKIP.

Friday, December 4, 2009 11:34AM Report Comment

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