Give Up Your Sovereinty?

[youngmafbog]

http://www.dailymail.co.uk/news/article-2313140/Merkel-warns-eurozone-EU-word-national-budgets-ahead-crunch-talks-saving-single-currency.html?ito=feeds-newsxml

Warnings from Merkel that Eurozone countries will be forced to give up sovereignty to the EU to save the beleaguered Euro

I can hear the Panzers firing up as we speak.

What a good move it was not to join, so what about the dire consequences of not join put about by the europhiles? are they/will they eat humble pie?

[emmie]

not us, we didn't adopt the Euro...

[ToraToraTora]

No Doubt the Euphiles will explain how we must emerse ourselves to survive!

[Davethedog]

Hmmm Never thought you would support Gordon Brown :-)

The Euro and EU are, for us, essentially different, which is why we never went in, Brown said it had to pass 3 tests and until it did we weren't going in. He at no point suggested we should leave.

[emmie]

i am not, having said that it was the only thing he got right.

[Davethedog]

Britain's economy actually grew 3.1% between the autumns of 2009 and 2010. Under the coalition in the year afterwards, it grew 0.3%.

[emmie]

The UK entered a recession in Q2 of 2008, according to the UK Office for National Statistics (ONS) and exited it in Q4 of 2009. The revised ONS figures of November 2009 showed that the UK had suffered six consecutive quarters of negative growth. As of the end of November 2009, the economy had shrunk by 4.9%, making the 2008–2009 recession the longest since records began. In December 2009, the Office for National Statistics revised figures for the third quarter of 2009 showed that the economy shrank by 0.2%, compared to a 0.6% fall the previous quarter.

[Kevink]

After years of prosperity under Gordon Brown, the UK and the rest of the world entered recession caused by the banking crisis. The UK's dire position since then has been entirely down to the posh boys' stupidity.

[bazwillrun]

but thats always been the ulterior motives, the one thing they hate more than anything is sovereign nations like ours

they do not want nation states another massive thorn in their side, they want one superstate/republic call it what you want with verything run from Brussells.

just like the days when Rome ruled us, we will be just another province to supply goods and taxes to our masters in Brussells

[bazwillrun]

"After years of prosperity under Gordon Brown, the UK and the rest of the world entered recession caused by the banking crisis. The UK's dire position since then has been entirely down to the posh boys' stupidity. "

AB editor please move to the joke section

[Gromit]

I supported Gordon Brown's stance that we would only join when in was in our best interests to do so. That was clearly the correct course and I I glad you appreciate what Brown did.

[youngmafbog]

Brown wouldn't join because he was a control freak. But I am glad he was.

As for labour having a wonderful economy, even they admitted failure. There was no prosperity and what there was you will find is down to the very Bankers you now slate so make your mind up you cant have it both ways.

Brown, despite claims, was far from prudent.

And where is our gold?

[Gromit]

// showed that the UK had suffered six consecutive quarters of negative growth //
Er, no we didn't. The quarters we were in recession are shown on this graph.

http://pearsonblog.campaignserver.co.uk/wp-content/uploads/2012/07/UK-quarterly-Growth-2.jpg

At the height of the world financial crisis in 2008 growth was -2.1%. Seven quarters later when Labour left power it had risen to 0.7% (2.8% rise). Sadly the trend was reversed under the coalition, and the double dip was entirely down to them taking money out of the economy. The £150billion in quantative Easing was targeted to the banks and not into ordinary people's pockets.

[Brenden]

I have always maintained that Germany wanted a federal state - this is what it is looking like.

[jake-the-peg]

Oh for goodness sake the EU is not a German conspiracy plot

The war ended nearly 70 years ago - Get over it

And the Labour party under Tony Blair presided over the longest period of economic growth in this country in living memory

Hmm - you know what I smell something sweet

What is it?

Oh yes right-wing europhobe panic

the delicate scent of Tory desperation in the spring air

24 Months and counting! Bring it on!

[New Judge]

The Euro was designed by the Germans for the Germans. The needs and requirements of no other nation was considered. Other nations exchanged their old currencies at totally unrealistic rates (Cyprus is a case in point) and were given far to many Euros for their Drachmas/Liras/Pesetas etc. This was to enable them to buy German goods and services and they are now locked into a currency which they cannot afford and cannot devalue..

Now the chickens are coming home to roost and it’s payback time. Germany will not countenance a much needed devaluation of the Euro (which is ridiculously over-valued) and its price for writing off the monies owed is “EU” (for which read “German”) control over other nations’ budgets.

These nations are being asked to sacrifice their budgetary control to support a currency which many of them should never have adopted. The currency provides no advantage for almost all of its members (bar one) and has proved positively catastrophic to a number of the smaller ones (with more undoubtedly to come). These are not conspiracy theories, nor are they the musings of little Englanders wallowing in their victory in 1945, but simple facts easily verified.

Just what der Mediziner ordered!

[seadogg]

Inclined to agree about countries adopting the Euro against their best interests NJ. What is surprising is that the countries with strong and stable economies wished to saddle the club with potential basket cases. As to the notion of German desire for hegemony driving the establishment of the Eurozone, it's laughable.

[ichkeria]

Indeed German's attitude and behaviour in the the EU is largely, if not entirely, influenced by their obsession with NOT dominating Europe. The fact that we consistently misunderstand this shows how out of step we are with Europe in general and Germany in particular.

[New Judge]

If that were the case they would agree to an immediate devaluation of the Euro instead of insisting that it remains at its current level making it virtually unusable for the smaller nations. It remains as it is because it is in Germany's interest for it to be so. Germany could cope with a devaluation (which would be in line with the Euro zone’s economic performance anyway) and it would be a lifeline to the likes of Greece and Cyprus whilst possibly forestalling further more serious crises in Spain, Portugal and Italy. But they won't hear of it, preferring instead to force the smaller nations to succumb to their demands.

This matter will not go away until EU leaders (principally led by Germany) admit that the Euro in its current form is not workable and that they made a grave mistake on its introduction.

[emmie]

i got that link info from a reliable, non dm source, do you say it's a lie.

[ichkeria]

... the consequences of which of course are that they end up forking out billions to prop up these economies. Doesn't sound like self-interest to me...