Category Archives: Euro-zone

Cameron/Merkel Live Conference + updates

On Sky News

Merkel: “Limited” treaty change for eurozone members only – as expected, they will do everything possible to avoid a referendum in Britain. A sentence or two about Serbia, Iran & Libya.

Cameron: Good friends. Many areas we are in absolute agreement. Countries must deal with debts and deficits. EU budget rise must be linked to inflation rate. Share same plan for EU growth – greater competitiveness, greater agenda for growth, greater deregulation. Agree that a strong, successful & sustainable euro is in all our interests. We can address, accommodate and deal with differences. Britain/Germany has a strong relationship and friendship. Will work together.

Followed by a few questions but it’s pointless looking for any hint of truth in the answers. Cameron said no progress was made in discussions on the FTT/Tobin Tax. Merkel said no-one should pretend to be more powerful than they are. I’ll post the transcript and/or video later.

I don’t know what they mean by “limited treaty change” – a treaty change is a treaty change and any changes require agreement from all 27 member states. It looks like Cameron will be coming back a Chamberlain and not a Churchill.

Debt crisis live

UPDATE:

From Anoneumouse at The Anglo-Saxon Chronicle

More cartoons at Muffled Vociferation & Max Farquar and, if you haven’t visited already, I recommend Fenbeagle Blog for some great artistry and storylines.

Short video clips from the Daily Telegraph and The Guardian

Also, Markets dip as Cameron, Merkel differ on key points

A Little Light Relief

Here’s something nonsensical while we wait for the Cameron-Merkel meeting on Friday – and won’t that be fun given Volker Kauder’s intervention, to cheers from the German Parliament, today.
The Germans can’t blame Britain .

While the EU construct is on course to achieve what it always wanted but remains deaf to the ramifications, I’m reading jokes.  The last laugh really will be on them.

“Paul always wanted a pair of authentic cowboy boots so when he saw some in the sales he bought them and wore them home.

He sauntered proudly into the kitchen and said to his wife, “Notice anything different about me?”

Pauline looked him over. “No.”

Frustrated, he stormed off into the bathroom, undressed and walked back into the kitchen completely naked except for the boots.  Again he asked her , a little louder this time, “Notice anything different NOW?”

She looked up and said, “What’s different? It’s hanging down today, it was hanging down yesterday, it’ll be hanging down again tomorrow.”

Furious, he yelled, “And do you know why it’s hanging down?”

“Nope. Not a clue”, she replied.

“It’s hanging down because it’s looking at my new boots!!”

Without missing a beat she replied, “You should have bought a hat, Paul. You should have bought a hat.”

EUObs: Italian Bonds Shatter 7% bail-out Ceiling

Italian bonds shatter 7% bail-out ceiling

It will be a painful shock for us all but it will be short compared to continuing our membership of the EU. We need to withdraw.

Hitler Got It Wrong

Ireland, Greece, Italy and then Spain. No wonder we all make fun of him these days; what a lousy economist.

A Catch-Up

I’m having a ‘just for the record moment’ at the moment so here’s a catch-up:

THIS completely passed me by when it was first published last month. Civitas is what it says on the tin – completely independent of Party politics or government funding and, on that basis, worth listening to. It helps that it’s giving a message I like 🙂

“As Europe’s leaders gamble their nations’ finances on saving the Euro, a new Civitas report reveals that the European Union is damaging Britain’s economic recovery and sapping job growth. Time to Say No, by Ian Milne, shows that a break with the EU need not represent a drastic break with Europe itself. Instead, it will permit a pragmatic reform of trade and immigration relations. Existing international institutions can achieve this without the current burdens of bureaucracy in the EU. It will also revive democracy at home.”

It’s a press release (I didn’t notice it being reported by the media) so only brief details are available. It goes on to highlight three areas – Norwegian, Swiss, Commonwealth – where Britain’s ‘leaders’ can find inspiration for a more dynamic model of governance and it’s worth reading.  If nothing else, it will place you a few steps ahead of Britain’s ‘leaders’.

Another ‘fact’ that’s repeated endlessly via media and government is that millions of jobs rely on the EU.  Here’s the truth from: FullFact:

Conclusion
Given this dearth of reliable information, we are left to choose between a dated estimate of jobs benefiting from EU-wide trade, but not necessarily dependent upon EU membership, and an EC estimate of jobs created across Europe, when looking at Mr Clegg’s claim. Neither supports his assertion that three million jobs “rely directly” on the EU.

For facts on trade go to Autonomous Mind and reflect that our exports to the EU aren’t 40% at all: they’re a piddly 10%.  Reflect also that exports and import figures for the EU include goods for onward transmission to areas out of the EU and on to the rest of the world.

In Norway, support for the EU is at its lowest point.  In Iceland, Czech Republic and the PIIGS, people & governments are having second thoughts about this EU construct; an ideology which was founded in the dying days of World War 2.

Being an island nation, it shouldn’t surprise you that 95% of trade comes via the sea.

Macedonia is upset.

Courtesy of twitter, @chadnoble tweets:

A leader is best when people barely know he exists, when his work is done, his aim fulfilled, they will say: we did it ourselves. – Lao Tzu

If you want to see my response you’ll have to join twitter, but, to be honest, I wouldn’t bother unless you’re prepared to be very selective about your followers and those you follow,  otherwise you can end up with completely vacuous, inane, obscene twaddle.  You can always be discriminatory of course, if discrimination itself has come to be seen as ‘a bad thing’.

I give up – my laptop keeps crashing and I’ve just lost the links for this post for the third time – I’m sure you’ll read it in the msm, eventually. 

Here’s Max Farquar’s excellent video about the 5th November.

We know they lie, they know we know they lie, yet, still, we put up with it.  The time is coming when the majority will see ‘the whites of their eyes’.  I leave you with this song, which is an anthem for me and this blog.  You wouldn’t know unless you keep checking in, but this video has been censored beyond recognition – the words remain the same:

On a personal note, it’s true that I haven’t been a happy bunny lately but I’m hoping that next week will see threads coming together at last (though not in a disingenuous Troika way) so the blog could be back to normal in a week or three, fingers crossed.

Your Choice

This:

Or this:

Ball Of Confusion

I don’t know if anyone managed to catch Newsnight last night – Kirsty Wark presented but I gritted my teeth and it wasn’t so bad, mainly because of the interview with Liana Kanelli, a Communist MP in the Greek Parliament. Talk about a gutsy woman! I can’t find a clip online but the programme is available on iPlayer and the i/view with her begins at roughly 8.30/32 and ends at about 13.25.

My confusion arises because I’ve always thought I was right-of-centre-ish-sort-of yet I agree with almost every word she said. The basis of her argument is that Greece would be better off out of the eurozone and, possibly, the EU itself. She attacked the unlimited credit and loans given by banks and the EU whereby the government was able to lie to the electorate about wealth and hiding from them the fact that that the hands of the government, the banks and the EU were filching not only their back pockets but those of their children and grand-children as well.  Sound familiar?  I think it just underlines the blurring of lines between Left and Right and how it’s become people against Big State.

There was also a good i/view with Lee Hsien Loong, the PM of Singapore (17.43) where he praised the intent but criticised the lack of a plan. He almost laughed at the suggestion of bailing out the euro-zone: “They are past the White Knight stage now… No country is going to say ‘I will sacrifice myself in order to put out somebody else’s fire’.”

All in all, it was quite an interesting programme. Something else that stood out, apart from all the rhetoric about gloom and Armageddon awaiting Greece and the eurozone itself, was the photo line-up. Between 18.55 and 18.57 note how the wide grin vanishes from Obama’s face.  Now you see it, now you don’t.

Papandreou or, as he’s apparently known in the trade, G-Pap (!) told the Franco-German alliance about the referendum on the 26th October so a show is being performed for the benefit of the cameras. In offering the Greek people a referendum and then reneging within 24hrs, he’s outdone even David Cameron but anyone who thinks the Greeks will let this go is delusional. Not only does Greece have soup kitchens, increased suicide rates and rioting but Medecins sans Frontier and Medecins du Monde have moved in to take over basic hospital services.

As always, we should be looking behind the curtain. Why did Papandreou first tell Markozy about the referendum two weeks ago in private and why, when it was presented as news yesterday, were they so publicly outraged despite having had prior warning?  I also wonder how long it will be before G-Pap is given a position within the EU Protectorate.

The Cameron/Osborne IMF rubbish has been covered elsewhere:

Witterings
Helen

On a different topic IanPJ has found this. It’s a list of official sponsors of OWS – interesting reading and a timely reminder to always look below the surface to find those who finance and pull the strings. I wonder who’s feeding #occupylsx now.  The people outside St Paul’s should be protesting against corporatism, not capitalism.  If they did their homework instead of jumping on to any bandwagon going they’d know that.  Some do but, as always, it’s too fragmented and the message isn’t getting through.

Last but not least, MuffVoc points us to a new petition.

Greece:
Thousands of protesters have gathered
Live blogging, in English

In other news, life goes on: Blair’s brother appointed to:

“The Joint Board of Appeal of the European Banking Authority, the European Securities and Markets Authority, and the European Insurance and Occupational Pensions Authority. The three organisations were established in January this year to supervise financial services in the European Union.”

So, we’re all in safe hands then.