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Old 12-10-2011, 09:43 AM
 
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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.
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Old 12-10-2011, 09:44 AM
 
Location: Altoona, PA
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Quote:
Originally Posted by Finn_Jarber View Post
For the umteenth time, the disagreement was not about bailout money, but balanced budget proposal and other austerity measures.
I know. Unfortunately, any discussion with these people involving Europe always ends in anti-socialism tirades.
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Old 12-10-2011, 09:53 AM
 
Location: Pluto's Home Town
9,982 posts, read 13,702,558 times
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Quote:
Originally Posted by Glasvegas View Post
Bad decision.

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.
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Old 12-10-2011, 09:56 AM
 
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This is what Cameron said.........

""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.
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Old 12-10-2011, 09:56 AM
 
Location: Florida
76,857 posts, read 47,191,511 times
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Quote:
Originally Posted by plwhit View Post
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.
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Old 12-10-2011, 10:01 AM
 
Location: Florida
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Quote:
Originally Posted by KUchief25 View Post
This is what Cameron said.........

""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
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Old 12-10-2011, 10:04 AM
 
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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.
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Old 12-10-2011, 10:06 AM
 
Location: Florida
76,857 posts, read 47,191,511 times
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Quote:
Originally Posted by KUchief25 View Post
Yeah I posted what was going on. You of course want the collective to pay for everything.
Well, you just proved you STILL have no clue about what is going on
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Old 12-10-2011, 10:12 AM
 
Location: Salisbury,NC
16,753 posts, read 8,111,881 times
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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.
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Old 12-10-2011, 10:13 AM
 
Location: Great State of Texas
86,052 posts, read 84,137,120 times
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Quote:
Originally Posted by KUchief25 View Post
This is what Cameron said.........

""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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