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Eurozone crisis stokes tension between Britain and Germany
The Guardian ^ | Tuesday 15 November 2011 | Patrick Wintour

Posted on 11/15/2011 5:30:52 PM PST by MinorityRepublican

Angela Merkel and David Cameron are due to meet on Friday to discuss the eurozone crisis further.

Tensions between Germany and Britain over how to handle the crisis in the eurozone deepened after allies of the German chancellor, Angela Merkel, claimed she would not allow the UK to "get away" with its refusal to back a European financial transactions tax.

Speaking ahead of a meeting between Merkel and David Cameron on Friday, the parliamentary leader of her Christian Democratic Union said "Britain had a responsibility to make Europe a success".

Volker Kauder, at the CDU conference in Leipzig, said: "I can understand that the British don't want that [a transactions tax] when they generate almost 30% of their gross domestic product from financial-market business in the City of London. Only going after their own benefit and refusing to contribute is not the message we're letting the British get away with."

The transactions tax on shares and other City exchanges – otherwise known as the Tobin tax or Robin Hood tax – has been supported by the French president, Nicolas Sarkozy, and leading UK charities. But Britain has resisted its implementation without it being copied by the US and other leading economies.

Asked about Kauder's remarks, the prime minister's spokesman said: "There is clearly going to be a debate about Europe and the shape of Europe over the coming weeks, months and years. What we would say is that the crisis means that we should focus on the economics.

"It is very clear that countries need credible plans to deal with their debts and deficits and we shouldn't be deflected from dealing with the structural problems in European countries."

(Excerpt) Read more at guardian.co.uk ...


TOPICS: Germany; United Kingdom
KEYWORDS: angelamerkel; cityoflondon; davidcameron; eu; euro; nicolassarkozy; uk

1 posted on 11/15/2011 5:30:54 PM PST by MinorityRepublican
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To: MinorityRepublican

Shut up, Angie.

2 posted on 11/15/2011 5:49:51 PM PST by SnuffaBolshevik ("The trouble with internet quotations is that you don't know if they are true"-Abraham Lincoln.)
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To: MinorityRepublican

Since the EU and the euro won’t even be around by the end of next year, I’d say that Cameron will probably survive the wrath of Angela.

Hell, the way things were going today, the euro may be gone by christmas !


3 posted on 11/15/2011 5:55:34 PM PST by Reverend Wright (you voted for Obama to prove you're not racist, now vote against him to prove you're not stupid...)
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To: MinorityRepublican

The Brits had to kick German arse in two world wars, London survived the blitz.

You would thing everyone in England would understand by now that Germany does not have their best interest at heart.

As I recall England has kept their pound, but euros are also accepted in commerce.

England needs to distance themselves from the collective, er. Eurozone.
Too bad they have scrapped so much of their military recently, they might need it to reassert their sovereignty quite soon.


4 posted on 11/15/2011 6:15:53 PM PST by Loyal Sedition
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To: MinorityRepublican

Damn, they are getting real snitty now. Seems like the true Socialist sacrifice for the common good is falling apart as it really starts to hurt the successful countries! Sort of like the ner-to-do relatives showing up and b!tching that the Thanksgiving dinner seems less sumptuous than they are used to getting.


5 posted on 11/15/2011 6:19:21 PM PST by RetiredTexasVet (There's a pill for just about everything ... except stupid!)
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To: Loyal Sedition

The Brits had to kick German arse ...
****
No. They had to get the USA to help them.


6 posted on 11/15/2011 7:01:09 PM PST by Finalapproach29er (God humbles and (if need be) destroys the false idols of the peoples. Be patient, folks...)
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To: Finalapproach29er

Yah, we helped them, they helped us.

Joint effort, and we were late arriving for W.W. 1.

My point remains valid.


7 posted on 11/15/2011 11:08:39 PM PST by Loyal Sedition
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To: MinorityRepublican

Britain has a responsibility to make Europe a success???? Since when?


8 posted on 11/17/2011 3:30:13 AM PST by Vanders9
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