Posted on 05/09/2010 12:28:29 PM PDT by bruinbirdman
All 27 EU finance ministers have been summoned to Brussels on Sunday to sign up to a “European stabilisation mechanism. Britain will be unable to veto this as it will be put through under the “qualified majority voting” system.
The deal, effectively to shore up the euro, was denounced as a “stitch-up” last night after it emerged Nicolas Sarkozy, the French President and Angela Merkel, the German Chancellor, had devised it behind closed doors and were attempting to push it through at a time when there is no clear government in Britain.
It was declared a "done deal” by the 16 euro zone leaders who met in the early hours of Saturday morning.
The decision was taken as David Cameron was locked in talks with the Liberal Democrats to try to form a government.
Alistair Darling, the Chancellor, will fly to Brussels for the meeting after promising to keep George Osborne and Vince Cable, his Tory and Lib Dem counterparts, informed. EU finance ministers have been given the deadline of midnight tonight to agree the highly sensitive but rushed proposals to protect the single currency from financial turbulence from the Greek debt crisis.
“When the markets reopen Monday we will have in place a mechanism to defend the euro,” said President Sarkozy yesterday. “This is a full-scale mobilisation.”
Euro-zone leaders are attempting to get round objections from countries such as Britain by invoking Article 122 of the Lisbon Treaty, intended to enable collective response to natural disasters. This does not need unanimous agreement.
By doing so, Mr Sarkozy has ensured speedy confrontation with a new British prime minister and other leaders of non-euro currency countries. All 27 EU finance ministers must be present, but because decision will be taken by qualified majority vote, the 16 euro zone
(Excerpt) Read more at telegraph.co.uk ...
Heck, who is “they”?
Our own democrat party will blame the collapse of those poor bankrupt eurocommunists on greedy Wall Street banks and turn over the US economy to globalist management.
I got this clue when Charlie Rangel was on the Bill OReilly show last week- Taxfree Charlie blamed the situation in Greece on “seven big banks” and GOP deregulation, and refused to entertain the idea the US would ever be similarly afflicted because obamacare is gonna make our workers healthy and productive :-(
....Bloomberg now gives Greek 2 year bonds a over 18% and the 10 year at 12%
The EU is just another Marxist experiment gone bad.
It’s what Hitler wanted.
Out turn is coming
Our
Good luck with paying those back, lol
Merkels party lost.
Unfortunately, as most of our trade is with the EU, we cannot afford to stand by and watch the eurozone implode, no matter what one may think of political union with the EU, because if the EU goes down the toilet, it doesn’t matter if Britain is a part of it our not, our economy will go down the toilet as well....
A good plan, sir. And kick Mexico out of NAFTA.
bump
Well, since Europe disarmed itself based on the expectation that we will act as their military, unless we agree to take both sides and field troops against ourselves, what will they fight it with?
OK:
I'll take the BVI and Jamaica and you take those two.
(Jamaica is as far as I'm willing to go...anything else and you'll have to take Quebec)
Imported Muslim troops. When Rome ran low on troops they imported some Goths and...
What? Oh, yeah, I remember now. Well, it seemed like a good idea at the time.
Hey, you people from the Mother Country owe us Kiwis a lot when you betrayed us to join the EEC in 1973. We haven’t collected your debts to us yet.
;-)
Yeah I know. But what can you do when a treacherous political elite has sold you and us down the river when it comes to the EU? That B’stard Heath lied to the British people and basically told us ‘if we don’t join the EEC we will wither and die’ (BS) and that ‘it won’t involve any loss of sovereignty whatsoever’. Lies, but the British people fell for it. At that stage, Britain was the sick man of Europe and was on the decline economically and politically, and the British people felt that membership of the EEC was the only thing between us and oblivion. We were not aware of the consequences to our sovereingty, relationship with the Commonwealth, or the long-term implications for the freedom of our country....
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