Posted on 01/08/2012 12:49:12 AM PST by Olog-hai
David Cameron has three weeks to decide whether to bless a new eurozone treaty or use Britain’s veto and place the country in a “very grave position”, a senior observer warned last night.
Peter Ludlow, president of the European Strategy Forum think tank, said Germany and France are confident they will secure a deal to save the long‑term future of the euro by the end of this month.
That would mean tougher financial rules for members of the eurozone and the use of existing EU institutions to enforce them, a move Mr. Cameron has indicated is a step too far.
However, veteran EU analyst Mr. Ludlow said one “very senior member” of the European Council had told him that if Britain were to try to block the deal it would be “tantamount to a declaration of war”.
He said: “If Cameron is stupid enough to try and block the use of the institutions, it would be a very, very dramatic development which could only have grave consequences in terms of Britain’s own interests. It would be his nuclear weapon and that’s why all the messages I get from various people give the impression he will not do that.”
German Chancellor Angela Merkel and French President Nicolas Sarkozy want a new “fiscal compact” that commits countries to running a balanced budget.
They want the rules enshrined in EU law so that sanctions can be levied on any member breaching them.
That would mean a bigger role for the European Court of Justice and unelected European Commission, which would also have a larger say on the single market, not just matters relating to the euro. …
(Excerpt) Read more at express.co.uk ...
Would France and Germany really go to war against Britain?
I don’t think so.
The only way the Euro would be salvageable is if it were allowed to free-fall, until it became possible to pay its debts.
That’s not going to happen either.
Ok. I admit. I don’t know what this means. Is the UK doing the right thing by not signing on or the wrong thing?
It didn't work out so well the last time Germany and Vichy France went to war against Britain. But who knows?
Things are getting interesting for Britain these days. They have a small problem in the Falklands again, and maybe nothing will come of it. They are sending a destroyer into the Straights of Hormuz to sneer at the Iranians. And now, Germany and France are angry at them. Interesting times, and it seems somehow, someway, someone is going to start an all out old fashioned shooting war.
Signing with the Europeans would be like buying into a business, whose books were going to be worse each year, because the owners of the business were unwilling to make the hard decisions needed to turn things around.
Also, if Britain ever did lose the pound and joined the Euro, it would also lose the right to make decisions for itself. Technocrats in Brussels would be doing that for them and not for the benefit of Britain.
I dunno... Britain’s military sucks pond water right now. No navy, no resolve, no national spine... France and Germany might just pull this one off if they team up.
All Cameron has to do is bring the whole joining the EU thing to a vote in UK. Every Prime Minister to date has been afraid to do that... Then he can tell the Germans and French to go pound sand.
Thanks.
So not signing on would be in the UK’s best interest.
What is it with all this sudden trash talk?
Yes.
Its trading future may lie with North America moreso than with Europe anyway, so it wouldn’t make much sense to sign now regardless.
And if Britain sends all it’s male citizens to war, the huge muslim male population would still be in Britain
I think we all know what that means.
The Brits still have a few subs with ICBM’s. I don’t think the Germans or French will be invading the U.K. anytime soon.
First. These people do not want to be proved wrong.
Second. There are so many people sucking off the European tit, making large sums of money and living like royalty they do not want to lose that.
Third. These same people are politicians (I use that word as an epithet) and the power they wield over the European people has become like Crack: They they need ever more to assuage their appetite.
A good example of one picture being worth a thousand words!
France and Germany want a British surrender? Again? WTF!
Yes, it is the right thing. The Europeans want to impose a tax on every transaction in the financial sector. Since London is the world's financial capital, it would fall most heavily on the UK and act to make London less competitive with New York and Hong Kong.
The EU is finding out that there are limits to how much it can milk Germany to pay for its little currency adventure and the resulting fallout. They need more money and they're looking to the Brits for it.
The UK isn't in the Euro and should tell them to stuff it.
It appears democracy isn't applauded or respected much anymore.
a better idea is to NOT pay the debts, simply default on it. Euro can still survive it, just as if any US state defaulting on any debt
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