Politics Fiscal Union - Do you approve?

The media are incredibly shallow, they go on about the veto and a marginalised UK, but they haven't actually discussed what the veto was all about. The EZ are trying to put in place measures to insure that the Financial Services industry pays 'insurance' on the possibility of any future crisis. The UK see this as a threat to the City and have said no, but what exactly is the UK's position on stopping or providing for future financial collapses?

If the average UK voter understood what the financial transaction tax was and what vetoing it actualy meant I'm sure most would be pretty angry at the Conservatives stance. Currently the UK has no say on the future of Europe but has an open door to countires like Spain so all the 20% unemployed are coming here making it even harder for UK workers to get a job. It's total insanity your either all in or all out, sooner UK get the boot the better.
 
Bad bad idea to put everyone in the same fiscal boat when there are such discrepencies in income, tax and government spending across the continent. It is a complete nonsense for the 250 million Europeans that have to deal with everyday problems. This Union is just an elite Union that ignores the people that work hard to finance her. I am not too worried as it is bound to fail. As far as I am concerned, the sooner will be the better. What makes me chuckle is that Paris and Berlin are pushing for more integration now that weak nations have their pants down, but France politicians, ahead of the presidential race, call for economic patriotism, and a poll from German news network NTV showed that 89% of the German people want the UK to get out of the EU. So much for European unity and integration...
 
The media are incredibly shallow, they go on about the veto and a marginalised UK, but they haven't actually discussed what the veto was all about. The EZ are trying to put in place measures to insure that the Financial Services industry pays 'insurance' on the possibility of any future crisis. The UK see this as a threat to the City and have said no, but what exactly is the UK's position on stopping or providing for future financial collapses?

If the average UK voter understood what the financial transaction tax was and what vetoing it actualy meant I'm sure most would be pretty angry at the Conservatives stance. Currently the UK has no say on the future of Europe but has an open door to countires like Spain so all the 20% unemployed are coming here making it even harder for UK workers to get a job. It's total insanity your either all in or all out, sooner UK get the boot the better.

Good post Edao. But it is not so much that the UK should be out of the EU, more that they should just make up their minds what it is they want.

From out here it seems that they want all the advantages of the EU but are not prepared to share any of the problems that will inevitably happen.
 
What the UK wants has always been clear: access to the European market, but only for economic purposes. They were never interested into meddling into EU politics, and if they could have a special status to stay out of the EU but to keep a privileged access to sell their products, everybody would be happy. The problem is that Ireland is getting cooler towards Brussels because of the economic ties she has with the UK. A referendum is on the list, and that could be the next blow on Brussels pen-pushers' noses.
 
Kaboom!

[h=1]Italian, Spanish yields rise as ratings threat looms[/h]Italian bond yields rose on Tuesday as markets fretted over the risk of sovereign rating downgrades across the euro zone after steps towards fiscal integration failed to ease the debt crisis in the short term. REUTERS


I think there's going to be a Big Bang at the very heart of Europe in the next couple of months, and I'm not talking about the Hadron Collider :LOL:
 
What the UK wants has always been clear: access to the European market, but only for economic purposes.

There is nothing wrong about that. Remember that when the UK entered the EU it was called EEC (European Economic Community). I guess that not many countries are trully interested in achieving the level of political union that the euro-core (France, Germany and Benelux) wants, not just UK. Even Germany herself uses the European union for economic purposes, that is, to sell their products to a big market. Given that the economy of the UK is services oriented and not industry and exportation oriented like the German one they don't benefit from the European market as much as Germany does in fact.
 
What the UK wants has always been clear: access to the European market, but only for economic purposes. They were never interested into meddling into EU politics, and if they could have a special status to stay out of the EU but to keep a privileged access to sell their products, everybody would be happy. The problem is that Ireland is getting cooler towards Brussels because of the economic ties she has with the UK. A referendum is on the list, and that could be the next blow on Brussels pen-pushers' noses.

I doubt that the UK wishes to withdraw from the EU and lose its political influence. But if they are only interested in the common market nothing prevents them to join only the European Economic Area (EEA) like Norway and Iceland. It's probably not going to happen because Britons are as divided about EU matters as Americans were divided about electing G.W. Bush.
 
It's exactly the point Cameron tries to underline at home. The UK signed up for a commercial cooperation within a common market, not for a bunch of second hand politicians to vote in-between them laws that will affect national sovereignty. The current trend in France show how two-faced the politicians can be, with Sarkozy preaching for a deeper fiscal harmonization and about everybody else pushing for protectionism and to favorise national businesses. Going back to a purely commercial zone without meddling political unity would be the most sensible thing to do. European integration is something that has to be decided in times of relative calm and without pressure to get people having treaties pushed down their throat when they are at their most vulnerable.
 
The current trend in France show how two-faced the politicians can be, with Sarkozy preaching for a deeper fiscal harmonization and about everybody else pushing for protectionism and to favorise national businesses.

Good point.
 
"The idea of a European Financial Transaction Tax is not a new concept. In virtually every developed tax-system, levies on some sorts of financial transactions (stocks, bonds, derivatives, structured products, etc.) have existed. The FTT serves two main purposes: generating public revenues and regulating financial markets.

First, this tax on speculation will have a stabilizing and regulating effect on financial markets, by raising transaction costs, which in turn impedes speculation. Such a tax is a logical step for the European Financial system: to date, all revenues (including those from insurance or real estate) are in principle subject to taxes - but financial transactions are exempt! Speculators are the only profiteers from such a status quo, as they are the only sector relying only on financial transactions to generate revenue.
Moreover, as the funds could be allocated to social, environmental and global policies, an FTT could in turn mean massive returns for all, and in particular for the EU and European citizens. An extremely low tax rate of 0.05% would thus raise substantial and urgently needed additional revenues amounting to EUR 200 billion."

http://www.financialtransactiontax.eu/en/home
 
THE OTHER FACE

3 man go to the moon

they see a black sheep

tthe 1rst say so the sheep in moon are Black
the 2nd say no we don't know about the other sheep but simply we know that this sheep is black
the 3rd one say hmm the only sure is that this is sheep is that the side we look is Black, we do not know the other side if it is balck or another colour,



the numbers are correct

Ger 13,1 Bill Eu
France 8,8 Bill Eu
Spain 26,2 Bill Eu
Greece 30 bill Eu

the smallest is Netherlands with only 159 mill Eu

source
http://www.antinews.gr/2011/12/09/137713/

the total amount for this year until now is 114 Bill Eu to save the Banks
while estimations might send the number x2 to 250 bill Eu

Fiscal union is nothing more than save the Banks and the bubble money

just consider 114 billion euro are given gift to bankers !!!!!!!!!!
and in order to manage that they create fiscal Union
does that remind you another post with G30 trilaterals and their main idea ?
seems like people are voting puppets
and the biggest puppet is Mercozy

the chain works like this,
Save the Numbers
save the Banks
kill people or give them drugs
Bring immigrants
employ them with cheap salary
let them send hard currency in their countries,
more immigrants are born
more immigration to europe, more cheap salaries,
cheap salaries = profit

Europe is Dying, cause EUropeans do not Born children,


THE FISCAL UNION PROJECT

save-the-banks.jpg


Great post!
All too true.
 
Hand Bags at Dawn!

French Finance Minister Francois Baroin has become the latest senior figure in Paris to criticise weaknesses in the British economy. article

Old rivalries die hard...

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all the nations in europe which do not have the euro will/are better off. They can CONTROL their destiny.

The swedish finance minister won best european financial minister of 2011 and they do not have the euro ........!?


These 26 nations that signed for a new euro treaty and England did not, who is to say these 26 will sign when the treaty is ready for signing !
What happens if they do not?
 
There is indeed a risk that an Irish referendum might fail Brussels hopes. Given the history of European referendums in Ireland, a second chance might be given to the Irish...(that's me being extremely ironic here).
 
For those who understand German, this clip is really funny! :LOL:

It basically is a parody on a famous German short film, in which an old 90 year old lady 'Miss Sophie' celebrates her birthday, but all her guests she has invited have long ago passed away. Her butler James is forced to act as each one of the dead guests, and also drink their beverages, and gets drunk and drunk until he loses his self-control.

In this parody it is Merkel as Miss Sophie who calls for a summit each month, but nobody wants, or is unable, to attend her stupid summits anymore. Poor Sarkozy is her butler who drinks all the drinks of her guests until he is completely drunk. lol

 
No to Fiscal unity..., yes to Tax Federalism (like it's basically as the actual situation)
 

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