Integral my a***

Well you can tell that panic is setting in over Europe when the Reichschancellor  German Chancellor say that the UK is an integral part of the EU, especially after yesterdays daft quotes from the EU Parliament involving tanks and kalashnikov’s over our rebate.

The Markets in the EU you see have gone into the red (as opposed to most of their politicians who are pretty much reds anyway) even the German Commerzbank now needing a bail out and when German banks face problems then rest assured the EU is in serious trouble.

Express.

ANGELA Merkel has claimed Britain is integral to the EU despite refusing to join the treaty as stock markets across Europe slid into the red.
The German Chancellor said Britain would remain an important member of the European Union despite not toeing the line.
She told German lawmakers that, while she regrets the decision, “it is beyond doubt for me that Great Britain will in future continue to be an important partner in the European Union.”
“Great Britain is a reliable partner for Europe not just in questions of foreign and security policy; Great Britain is also this partner in many other questions – in competitiveness, in the internal market, for trade, for climate protection.”
The pressure on governments was ratcheted higher today due to sliding markets across Europe.
The euro slid below $1.30 for the first time since the first few days of the year while the FTSE 100 index slipped 36.11 points to 5,454.0. The leading German Dax and French Cac-40 were also 1 per cent down.
The news is a sure sign that the EU summit has failed to quell investor worries over the future of the single currency bloc in light of the raging debt crisis.

Now for all that Cameron’s claim to have vetoed something or other (he didn’t and couldn’t) it now rather looks like the UK possibly by accident might be right to say that entering into negotiations over a new “fiscal compact” was a clear waste of time. A case of 26 “ayes” now looking a bit silly compared to the UK’s “nay” as the markets themselves appear to be totally unmerciful to the EU politicians grand dreams of empire.

The UK is now being looked at (once again) by the EU politicians as a useful cash cow*, after all we’re a net contributor to the EU and if we picked up our marbles and left, we’d leave them with an even bigger problem (something that the anti-UK politicians in the EU parliament do not seem to have grasped) So, I’d rather expect a wave of new attacks on the one area of the UK economy that turns over a tidy profit the “City” and further attempts to regulate its activities (cash grab along with rules to make it more profitable to invest elsewhere in the EU) putting the whole of the EU financial sector on a level footing, to which the correct UK response whilst more diplomatically put was “fuck off”

There’s a reason that the financial markets congregate in London and it’s the flexibility of our system compared to the over regulation in the rest of the EU. Take away the flexibility and the market will go elsewhere. The UK government makes a lot of money from the city via taxation, even the bankers bonuses are taxed and if we lost this lucrative source of income no doubt taxes would go even higher as it does not seem to be within our politicians grasp to understand the laffer curve where lower taxation actually increases income as fewer people will go to great lengths (and expense via accountants) to avoid it. Lower taxation increases sales, as people will spend more and the economy benefits as a result. Something politicians these days (especially the left) do not seem to understand.

Still you know it must be bad for the EU if the Germans think we’re integral to it, which cheery thought has quite made my day as it appears the days of the EU are numbered.

*The real reason Merkel wants us? £9.2 Billion  a year, nett.

6 comments for “Integral my a***

  1. December 15, 2011 at 3:53 pm

    Do they love us or hate us? I wish they would make their minds up.

    • Mudplugger
      December 15, 2011 at 4:23 pm

      I think we all know the real answer. They hate us, but they sure love our money, all £9.2bn a year of it, and they want some more.

  2. Chuckles
    December 15, 2011 at 6:19 pm

    Hmm North Minehead by-election is it?

  3. john in cheshire
    December 15, 2011 at 7:52 pm

    It’s way past time that we stuck it to the EU elite. I just hope I live to see the day when it collapses and the excrement who presume to lecture us on how to run our lives are left with nothing; particularly with none of our money.

  4. Johnnydub
    December 16, 2011 at 9:02 am

    It’s not just the £9.2Bn – they’re hoping we’ll backdoor £40Bn in to the IMF…

    Simply put we are massively better off leaving in the Eu and being part of the EFTA – but the politicians are not.

    Who’s best interests will win out?

    • Lord T
      December 18, 2011 at 12:41 pm

      Well we need to make it in the politicians interest to support our views. There is more than one way to achieve that objective.

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