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UK Won’t Contribute To Eurozone Bail Out Fund
So the British government this week announced that it wouldn’t contribute to the €1 trillion Eurozone bail out fund. That’s the most sensible decision that the coalition government has done since they started running the country.
Way to go. Distance your country from a group to which more than half of your trade is with.
My impression is that the Brits have the same "exceptionalism" self-mythology that we suffer from. Even if they **** off everyone around them, they are always right. And of course, all men are created equal,except the Brits (Americans) who are "equaler."
The Irish are similar, even though they had been given millions upon millions from the EU over the last three decades, they were all ranting against the Lisbon Treaty when their economy was booming. Then, when their economy failed, they signed it and got right back on the EU dole. People of the British Isles are much fonder of getting than giving, it seems.
""We were offered a treaty that didn't have proper safeguards for Britain and I decided it was not right to sign it."
He is the PM of Britain not the EU. I guess they are supposed to throw all worried to the breeze and sign off with the collective Britain be damned??? You folks are sure showing your hands.
UK Won’t Contribute To Eurozone Bail Out Fund
So the British government this week announced that it wouldn’t contribute to the €1 trillion Eurozone bail out fund. That’s the most sensible decision that the coalition government has done since they started running the country.
You are quoting something from months ago. The one from this week is about another argeement, which Brown said would weaken the UK sovereignty:
Quote:
According to a statement issued after the meeting broke up, governments participating in the agreement will need to have balanced budgets -- which is counted as a structural deficit no greater than 0.5 percent of gross domestic product -- and will have to amend their constitutions to include such a requirement.
The treaty will include an unspecified "automatic correction mechanism" for countries that break the rules, the statement said.
In addition, countries that run deficits larger than 3 percent will face sanctions.
""We were offered a treaty that didn't have proper safeguards for Britain and I decided it was not right to sign it."
Yes, that is what he said. He wanted the deal, but with UK excused from the balanced budget requirement, and from the banking regulations requirements.
Quote:
He is the PM of Britain not the EU. I guess they are supposed to throw all worried to the breeze and sign off with the collective Britain be damned??? You folks are sure showing your hands.
They are not "supposed" to do anything. They are free to opt out, but it will probably come back to hurt them later. No one here (except you) is taking sides on this issue. Not everyone shares your "you against us" mentality in every issue. I am simply telling you what the whole deal is all about, since you obviously did not know what was going on. Basically the EU is was trying to push for something (balanced budget) YOU have supported for US, but all of a sudden you oppose it, because UK opposed it
Yeah I posted what was going on. You of course want the collective to pay for everything. No shock there chubbs as you've always had that attitude. Cameron says no that is not in the best interest of Britain and it isn't. Of course that doesn't help out the "cause" but the cause is a failure. Germany raped everybody and now is crying. Boo Hoo.
Will the legis. of the countries in the Euro be able to approve the agreement before the credit crisis started by our banks(CDS) kills there economys? My guess is no some countries will need to default in some manner.
""We were offered a treaty that didn't have proper safeguards for Britain and I decided it was not right to sign it."
He is the PM of Britain not the EU. I guess they are supposed to throw all worried to the breeze and sign off with the collective Britain be damned??? You folks are sure showing your hands.
KUchief25...all those countries CHOSE to be the "collective" when they formed the EU. You can't just choose to be part of the collective when times are good and refuse to play when times are bad.
Like the banks that gave loans out to folks that couldn't afford them, the EU took in countries that spent more than they had in revenue. That risk has come home to roost and like it or not, the EU countries have to deal with it.
If the UK doesn't like the rules then they should leave the EU rather than put up a stink like a spoiled child who can't call the shots anymore.
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