Category Archives: Osborne

Threat Of The Day

‘It is necessary to force countries against their will.’

“Recent experience has shown that a member state normally wants to avoid a programme until the very last moment,” he said in the EU capital. “This has caused the situation to worsen in the meantime both for the country concerned and for the whole euro area and increased costs to other member states and increased the financing needs as well. There are no volunteers for an EU-IMF programme…

… If the commission does not like what it sees, it can demand changes to the budget, as well as other mid-term plans a government may have for its economy...

… All eurozone states would also be forced to create independent fiscal councils – bodies of ‘experts’ unaccountable to parliaments – who would issue budgetary and economic forecasts.  A country’s budget would in turn have to be based on the reports of these fiscal councils.

For countries in deeper troubles and facing serious financial difficulties, Brussels could send teams of inspectors – akin to the ‘Troika’ monitors sent to member states that have received bail-outs.

The overseers could be sent to any state that the commission decides, even if the county has not requested any international assistance.

The not-so final word goes to Barroso:

Questioned by journalists over whether the moves do not insulate decision-making from elected chambers, commission President Jose Manuel Barroso said he did not wish to engage in “philosophical debates”.

The solution to the eurozone’s fiscal nightmare is, unsurprisingly, the failed  proposal the EU pushed for all twenty-seven member states: full fiscal union with budgetary oversight. Softly, softly…

I wonder how far this government’s newly-created Office for Budget Responsibility meets the EU guidelines of  “All eurozone states would also be forced to create independent fiscal councils – bodies of ‘experts’ unaccountable to parliaments – who would issue budgetary and economic forecasts.”

It looks like the UK is ahead of the EU game, as usual, yet successive governments have the nerve to pretend to be ‘eurosceptic’ and want to repatriate powers from Brussels; we’re in it over our heads and probably leading the way.  Great Britain but, in particular, England, is the testing ground, the experimental zone, for one-world governance and coffee-coloured multiculturalism.

Source

PS:   George Osborne’s leaked letter click to enlarge:

Pic from @chadnoble

UPDATE:  It was announced today that Italy’s unelected government under Mario Monti, will also be creating an Office of Budgetary Responsibililty.  It seems the EU think Osborne & Cameron have done well and will be rolling out the trial across euro-zone member states.

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Osborne: Conference speech

All well and good. Presentation is improved this year, doesn’t look too podgy, quite presentable. Pity it’s meaningless since we’re so restricted by the European Union.

Transcript

Wordle: Osborne speech 2011

Osborne: Conference Speech

All well and good. Presentation is improved this year, doesn’t look too podgy, quite presentable. Pity it’s meaningless since we’re so restricted by the European Union.

Transcript

Wordle: Osborne speech 2011

A musing

There’s been a subtle change of tactics from the EU; instead of just overt directives and regulations announced in its name we now also have inter-governmental agreements with no reference to the EU’s role.

The most obvious example is defence & defence procurement where we see what’s called “closer co-operation” or “co-ordination” between countries:

Eurpean Air Group (Belgium, France, Germany, Italy, Spain, UK)
European Airlift Centre (Belgium, France, Germany, Italy, Netherlands, Spain, UK)
Sealift Co-ordination Centre (Netherlands and UK)
European Amphibious Initiative (France, Italy, Netherlands, Spain, UK)
Standby High Readiness Brigade (AU, DK, SU, IRL, I, LIT, N, NOR, PL, P, SLOVENIA, E, SV)
SE Europe Brigade (Greece, Italy, Slovenia)
Nordic Co-Ordinated Arrangement for Military Peace support (Finland, Sweden, Denmark)
EUROCORPS – Germany, Belgium, Spain, France, France, Luxembourg
EUROFOR – France, Italy, Portugal, Spain
EUROMARFOR – France, Italy, Portugal, Spain
Source

What prompted this musing was Osborne’s announcement of having negotiated “an historic deal” on tax evasion with Switzerland.  The talks were said to be held in secret, yet it’s been known about for ages and even mentioned here.

What rankles with me is that the impression given is that this is something negotiated between two countries without EU involvement when, in actual fact, it’s at the behest of the EU and to comply with directives.  Not only that but so far as I’m able to make out, the British government needed prior permission from the European Commission to open negotiations with Switzerland.  No doubt we can expect future announcements from the Chancellor regarding ‘historic deals’ done with Lichtenstein, Monaco, Andorra and San Marino.

Another annoying example today is the reporting of the creation and development of  Regional Development Agencies as John Prescott’s ‘dream’ when we all know he was merely following orders.

To sum up, it looks as though the way forward is to give the appearance of independent inter-governmental agreements rather than EU diktats.  I just wanted to get it off my chest!
EU Savings Tax Directive
EU Savings Tax Directive2

UPDATE: See also Wall Street Journal

PS: There’s something else going on here; wheels within wheels, but I haven’t figured it out yet. If you have, let me know.  Do Osborne & Cameron really have something up their sleeves?

A Musing

There’s been a subtle change of tactics from the EU; instead of just overt directives and regulations announced in its name we now also have inter-governmental agreements with no reference to the EU’s role.

The most obvious example is defence & defence procurement where we see what’s called “closer co-operation” or “co-ordination” between countries:

Eurpean Air Group (Belgium, France, Germany, Italy, Spain, UK)
European Airlift Centre (Belgium, France, Germany, Italy, Netherlands, Spain, UK)
Sealift Co-ordination Centre (Netherlands and UK)
European Amphibious Initiative (France, Italy, Netherlands, Spain, UK)
Standby High Readiness Brigade (AU, DK, SU, IRL, I, LIT, N, NOR, PL, P, SLOVENIA, E, SV)
SE Europe Brigade (Greece, Italy, Slovenia)
Nordic Co-Ordinated Arrangement for Military Peace support (Finland, Sweden, Denmark)
EUROCORPS – Germany, Belgium, Spain, France, France, Luxembourg
EUROFOR – France, Italy, Portugal, Spain
EUROMARFOR – France, Italy, Portugal, Spain
Source

What prompted this musing was Osborne’s announcement of having negotiated “an historic deal” on tax evasion with Switzerland.  The talks were said to be held in secret, yet it’s been known about for ages and even mentioned here.

What rankles with me is that the impression given is that this is something negotiated between two countries without EU involvement when, in actual fact, it’s at the behest of the EU and to comply with directives.  Not only that but so far as I’m able to make out, the British government needed prior permission from the European Commission to open negotiations with Switzerland.  No doubt we can expect future announcements from the Chancellor regarding ‘historic deals’ done with Lichtenstein, Monaco, Andorra and San Marino.

Another annoying example today is the reporting of the creation and development of  Regional Development Agencies as John Prescott’s ‘dream’ when we all know he was merely following orders.

To sum up, it looks as though the way forward is to give the appearance of independent inter-governmental agreements rather than EU diktats.  I just wanted to get it off my chest!
EU Savings Tax Directive
EU Savings Tax Directive2

UPDATE: See also Wall Street Journal

PS: There’s something else going on here; wheels within wheels, but I haven’t figured it out yet. If you have, let me know.  Do Osborne & Cameron really have something up their sleeves?

Two hacks and a shark + Update

Those are the front page headlines in today’s online Guardian, Telegraph and Daily Mail respectively. Not so say that further revelations about NotW phone-hacking or the tragic death of a honeymooner aren’t important but surely it’s now time the media gave more prominence to the Great EU stitch-up. (Btw I first heard about the NotW documents at the weekend, not via our not-so-hot-off-the-press press but via Autonomous Mind – his follow-up is here. This isn’t the first time a blogger has been first with the news and it won’t be the last where the msm takes the credit).

The creation of one European super-state has been decades in the planning and the reason for its  conception; the introduction of the euro/EMU was always a political measure via an economic sleight of hand.  In short, everything is still on track, except the economy.  The creation of a 2-tier Europe has the backing of Osborne  and is now official government policy.  Osborne sends out the message that the UK could become another Switzerland or Hong Kong – a “safe haven” as he calls it – but this is without taking into account the machinations of Brussels.  If Osborne thinks that Brussels will allow Britain to flourish in this way, he’d better think again: it will be an almighty fight and, once again, we can smell the rotting fish all the way from Brussels to London.

France and Germany will be the big wheels in this new ‘Economic Government’ and its titular head will be our very own Precious Herman van Rompuy, he of the haikus.  Budgets will be drawn up for each of the seventeen eurozone countries, central oversight will be strict,  one central bank, one Treasury, taxation will be harmonised – including pan-eu direct taxation – pensions, the retirement age and so on, all will eventually be controlled from the centre.  The talk is of “greater co-operation” between euro-zone member states but co-operation implies a willingness whereas the truth is slightly different and will amount to coercion backed up by legal changes to Constitutions.

Some of the announcements coming from EU spokesmen and their hand-fed press would have you believe that negotiations to save the euro have been on a knife edge.  ‘Germany reluctant’; ‘Germany says ‘nein’, and so on but they always forgot to add the German caveat, “…unless there is economic governance.”  Various bods from the German Finance Ministry said it and Merkel said it, but all we were told was half the tale as usual.  This was never about saving the euro but about saving the EU.

Our government is in favour of fiscal union but here’s the stinger: this major change in the nature of the EU and the implications for Britain are far-reaching and should, by rights, automatically trigger a referendum in this country with the facts laid out fair and square for the people to decide whether we wish to continue our relationship on the current basis.  There are three immediate problems with this:

  1. Tptb will do everything they can to avoid calling a Treaty change a Treaty change, preferring instead the time-honoured Brussels method of first looking to attach Protocols.
  2. Any referendum in this country will be funded by our own taxes, handed to Brussels by our own government, so that we can be bombarded with propaganda by the already-compliant media and the EU-beholden BBC.
  3. The European Union Act, recently given Royal Assent, does not automatically trigger referenda.  What it does is refer matters first to lawyers, then to Committees and Ministers who will have the final word.  If they all approve then we will have our referendum, if one disagrees then we will not.

Whichever way you look at it, that’s not fair dealing.

Looking on the bright side, at least Barroso  is smiling:

Barroso said plans including a permanent governorship of the eurozone’s combined economy “represent an important political contribution by the leaders of the two largest euro area economies.”
“A regular format and frequency for the euro area summits, with a permanent chair, contributes to a more stable and stronger political leadership,” Barroso said of the call for European Union President Herman Van Rompuy to become the focal point of new, cross-border economic governance.
In a joint statement issued alongside his commissioner for economic affairs, Olli Rehn, Barroso also said a demand that all 17 eurozone governments adopt similar laws to Berlin enshrining balanced budgets, as well as a move to introduce a financial transactions tax, together amounted to a “welcome step forward”.

Across the ocean the Bank of America is still struggling to stay alive and the economic outlook in Britain is also bleak with inflation up, jobless up, wages down and growth down.  We should also keep an eye on government legislation for dealing with future riots and their definition of such.  Those calling for “robust” policing and draconian sentencing now will be able to reflect on that as they’re battered by water cannon and tasers when they’re on the 21stC equivalent of the Jarrow March.

Sign the petition here

Further reading:
UK-Swiss tax haven deal
Bank of America
van Rompuy as ‘Mr Euro’
Another step towards greater European integration

UPDATE: The DM has an article by Simon Heffer.
A little light relief: George Osborne looking evil

Two Hacks & A Shark + Update

Those are the front page headlines in today’s online Guardian, Telegraph and Daily Mail respectively. Not so say that further revelations about NotW phone-hacking or the tragic death of a honeymooner aren’t important but surely it’s now time the media gave more prominence to the Great EU stitch-up. (Btw I first heard about the NotW documents at the weekend, not via our not-so-hot-off-the-press press but via Autonomous Mind – his follow-up is here. This isn’t the first time a blogger has been first with the news and it won’t be the last where the msm takes the credit).

The creation of one European super-state has been decades in the planning and the reason for its  conception; the introduction of the euro/EMU was always a political measure via an economic sleight of hand.  In short, everything is still on track, except the economy.  The creation of a 2-tier Europe has the backing of Osborne  and is now official government policy.  Osborne sends out the message that the UK could become another Switzerland or Hong Kong – a “safe haven” as he calls it – but this is without taking into account the machinations of Brussels.  If Osborne thinks that Brussels will allow Britain to flourish in this way, he’d better think again: it will be an almighty fight and, once again, we can smell the rotting fish all the way from Brussels to London.

France and Germany will be the big wheels in this new ‘Economic Government’ and its titular head will be our very own Precious Herman van Rompuy, he of the haikus.  Budgets will be drawn up for each of the seventeen eurozone countries, central oversight will be strict,  one central bank, one Treasury, taxation will be harmonised – including pan-eu direct taxation – pensions, the retirement age and so on, all will eventually be controlled from the centre.  The talk is of “greater co-operation” between euro-zone member states but co-operation implies a willingness whereas the truth is slightly different and will amount to coercion backed up by legal changes to Constitutions.

Some of the announcements coming from EU spokesmen and their hand-fed press would have you believe that negotiations to save the euro have been on a knife edge.  ‘Germany reluctant’; ‘Germany says ‘nein’, and so on but they always forgot to add the German caveat, “…unless there is economic governance.”  Various bods from the German Finance Ministry said it and Merkel said it, but all we were told was half the tale as usual.  This was never about saving the euro but about saving the EU.

Our government is in favour of fiscal union but here’s the stinger: this major change in the nature of the EU and the implications for Britain are far-reaching and should, by rights, automatically trigger a referendum in this country with the facts laid out fair and square for the people to decide whether we wish to continue our relationship on the current basis.  There are three immediate problems with this:

  1. Tptb will do everything they can to avoid calling a Treaty change a Treaty change, preferring instead the time-honoured Brussels method of first looking to attach Protocols.
  2. Any referendum in this country will be funded by our own taxes, handed to Brussels by our own government, so that we can be bombarded with propaganda by the already-compliant media and the EU-beholden BBC.
  3. The European Union Act, recently given Royal Assent, does not automatically trigger referenda.  What it does is refer matters first to lawyers, then to Committees and Ministers who will have the final word.  If they all approve then we will have our referendum, if one disagrees then we will not.

Whichever way you look at it, that’s not fair dealing.

Looking on the bright side, at least Barroso  is smiling:

Barroso said plans including a permanent governorship of the eurozone’s combined economy “represent an important political contribution by the leaders of the two largest euro area economies.”
“A regular format and frequency for the euro area summits, with a permanent chair, contributes to a more stable and stronger political leadership,” Barroso said of the call for European Union President Herman Van Rompuy to become the focal point of new, cross-border economic governance.
In a joint statement issued alongside his commissioner for economic affairs, Olli Rehn, Barroso also said a demand that all 17 eurozone governments adopt similar laws to Berlin enshrining balanced budgets, as well as a move to introduce a financial transactions tax, together amounted to a “welcome step forward”.

Across the ocean the Bank of America is still struggling to stay alive and the economic outlook in Britain is also bleak with inflation up, jobless up, wages down and growth down.  We should also keep an eye on government legislation for dealing with future riots and their definition of such.  Those calling for “robust” policing and draconian sentencing now will be able to reflect on that as they’re battered by water cannon and tasers when they’re on the 21stC equivalent of the Jarrow March.

Sign the petition here

Further reading:
UK-Swiss tax haven deal
Bank of America
van Rompuy as ‘Mr Euro’
Another step towards greater European integration

UPDATE: The DM has an article by Simon Heffer.
A little light relief: George Osborne looking evil