just john Posted December 13, 2011 Share Posted December 13, 2011 The exchange rate today seems to be building a stairway to heaven . . .[:D] Link to comment Share on other sites More sharing options...
mint Posted December 13, 2011 Author Share Posted December 13, 2011 JJ, stop exaggerating![:D] 1.1869 is hardly a stairway to heaven!But, I accept that it seems to be going up in sterling's favour at the moment. Link to comment Share on other sites More sharing options...
pachapapa Posted December 13, 2011 Share Posted December 13, 2011 Am I, a happy bunny.[:-))][IMG]http://av.r.ftdata.co.uk/files/2011/12/Euro-rout-Reuters-e1323792704143.jpg[/IMG] Link to comment Share on other sites More sharing options...
Bugsy Posted December 15, 2011 Share Posted December 15, 2011 Nice speechhttp://www.youtube.com/watch?feature=player_embedded&v=Vdqw8aKm_4s. Link to comment Share on other sites More sharing options...
Pickles Posted December 15, 2011 Share Posted December 15, 2011 I must admit to being completely baffled by what Cameron has "saved" us from. The only thing that seems to be remotely relevant is the Tobin Tax. He doesn't appear to have saved London from the "Tobin tax", because that can be brought in through majority voting in the future. And in any case, I'm not sure what is actually WRONG with the "Tobin tax" as it currently seems to be defined. It would not affect the majority of retail banking transactions from what I have seen, and as far as investments go - don't we already pay Stamp Duty on shares, at a far higher rate than is proposed by the Tobin Tax? What's the difference?All that we seem to have done is to walk away from the table at which future European policy will be made. How is that a good thing? Link to comment Share on other sites More sharing options...
pachapapa Posted December 15, 2011 Share Posted December 15, 2011 The "tobin" tax would have little if any practical effect on traditional banking.But it would have significant effect on speculative casino banking.Schaüble covered just that in an interview with the FT. Link to comment Share on other sites More sharing options...
breizh Posted December 15, 2011 Share Posted December 15, 2011 In it's original conception Tobin Tax was great. Tax all financial transactions, and redistribute the money generated to the world's poorest. 100% agree.The Financial Transaction Tax would be the first time the EU has taxed it's population directly, for the benefit of itself. Sorry, that is wrong. The EU has no democratic mandate to tax directly.To me it is a fundemental issue of sovereign democracy versus technocratic bureaucracy.Do not call it a Tobin Tax. Link to comment Share on other sites More sharing options...
Bill Posted December 15, 2011 Share Posted December 15, 2011 [quote user="breizh"]In it's original conception Tobin Tax was great. Tax all financial transactions, and redistribute the money generated to the world's poorest. 100% agree.The Financial Transaction Tax would be the first time the EU has taxed it's population directly, for the benefit of itself. Sorry, that is wrong. The EU has no democratic mandate to tax directly.To me it is a fundemental issue of sovereign democracy versus technocratic bureaucracy.Do not call it a Tobin Tax.[/quote] I understand, the Eu gets a slice of all import duties, and I can not recall for sure, but possibly Vat. Link to comment Share on other sites More sharing options...
breizh Posted December 15, 2011 Share Posted December 15, 2011 Correct, but those are Treaty mandated. Link to comment Share on other sites More sharing options...
Quillan Posted December 15, 2011 Share Posted December 15, 2011 And what is the money to be used for? Link to comment Share on other sites More sharing options...
idun Posted December 15, 2011 Share Posted December 15, 2011 Is there much left after all the EMP's and techoncrats have had their salaries and expenses? Link to comment Share on other sites More sharing options...
mint Posted December 15, 2011 Author Share Posted December 15, 2011 [quote user="Pickles"]All that we seem to have done is to walk away from the table at which future European policy will be made. How is that a good thing?[/quote]Pickles, I believe he had to do it to appease the eurosceptics from his own party.It was the decision of a small-minded, party man and not one of an astute politician acting on an international stage.Having said that, if I were him, I'd call an election and get rid of the limp-damps. Then, with victory under my belt, I'd be in a stronger position to dictate terms, both to my own people and to the unsympathetic Germans and French.That's NOT what I want to happen, mind.....I'm just thinking that that could be how Cameron might play it to shore up his own position.[:P] Link to comment Share on other sites More sharing options...
pachapapa Posted December 15, 2011 Share Posted December 15, 2011 France downgraded by Dagong 08/12/11; now that's real marginalisation in the same class as I[:)]taly.How about Fitch the froggy ratings agency jumping in before Moody ans S & P.http://www.dagongcredit.com/dagongweb/english/pr/show.php?id=158&table=web_e_zxzx Link to comment Share on other sites More sharing options...
Russethouse Posted December 15, 2011 Share Posted December 15, 2011 It was the decision of a small-minded, party man and not one of an astute politician acting on an international stage. And what should he have done ? Link to comment Share on other sites More sharing options...
woolybanana Posted December 15, 2011 Share Posted December 15, 2011 I think she was referring to sarkozy, RH. Cameron did the right thing. Link to comment Share on other sites More sharing options...
mint Posted December 15, 2011 Author Share Posted December 15, 2011 [quote user="Russethouse"]It was the decision of a small-minded, party man and not one of an astute politician acting on an international stage. And what should he have done ?[/quote]It's FAR too early to say, RH![;-)] Link to comment Share on other sites More sharing options...
woolybanana Posted December 15, 2011 Share Posted December 15, 2011 Hehehehehehehehe!!![6] Link to comment Share on other sites More sharing options...
Quillan Posted December 15, 2011 Share Posted December 15, 2011 [quote user="Russethouse"]It was the decision of a small-minded, party man and not one of an astute politician acting on an international stage. And what should he have done ?[/quote]Well it was a big enough train with a big enough light on the front so he should have seen it coming and made sure he left one of the doors slightly ajar. Now there can be no negotiation for the UK, he has closed the door, bolted it and drawn the draw bridge up, he has nowhere to go. I do wish Milliband would stop bleating on, he said he would have done the same anyway. No wonder his party sat part in silence at the last PMQ's while he rabbited on. Link to comment Share on other sites More sharing options...
woolybanana Posted December 15, 2011 Share Posted December 15, 2011 Cameron stood up for democracy, probably, but definitely against Franco german axis which was and is attempting to both dictate an uncertain route and lie about the possibility of survival. By jumping out and slamming the door when the train was headin for the abyss, he may just have saved Europe in the long-term. Link to comment Share on other sites More sharing options...
DerekJ Posted December 15, 2011 Share Posted December 15, 2011 I believe a certain Neville Chamberlain tried appeasement in the past. Well, that worked out well. Link to comment Share on other sites More sharing options...
Quillan Posted December 16, 2011 Share Posted December 16, 2011 [quote user="DerekJ"]I believe a certain Neville Chamberlain tried appeasement in the past. Well, that worked out well.[/quote]Yes but there was a reason for his 'madness'. He knew that the UK was not properly prepared for war and he needed time to do so which was what it was really about. Link to comment Share on other sites More sharing options...
Quillan Posted December 16, 2011 Share Posted December 16, 2011 [quote user="idun"]Is there much left after all the EMP's and techoncrats have had their salaries and expenses?[/quote]Actually yes there is if you forget about the alarmist, anti EU cr*p you get in the papers. The talk is in Euros (or Pounds) so 8.2bn Euros on admin and parliment seems a lot of money, which it is, yet in reality as a percentage it equates to 5.7% and the cost of the Commision has actual dropped by (-)8.3%. I have put a link at the bottom so you can have a look yourself and explore some more if you wish. I should add that these figures are for 2011.http://ec.europa.eu/budget/figures/2011/2011_en.cfmYou may also find the following link interesting that explains away the myth that all the money goes on administration LINK and before people say the accounts are not audited then interestingly the next question down on the 'myths' list explains why, what is involved. Link to comment Share on other sites More sharing options...
Pickles Posted December 16, 2011 Share Posted December 16, 2011 Diversionary tactics?http://www.bbc.co.uk/news/uk-politics-16222988 Link to comment Share on other sites More sharing options...
Quillan Posted December 16, 2011 Share Posted December 16, 2011 Well call me cynical if you want but aren't the French elections in 2012 for both the President and the National Assembly (April to May and the June respectively). I am sure if the boot were on the other foot we would be seeing some 'lively' comments coming from Cameron and the Tories. This is not about EU politics it's French politics pure and simple. I am sure Merkel would be much more active if it were election time in Germany but at least she is showing some effort to hold out an olive branch, just unfortunate Cameron has so firmly closed and bolted the door. Link to comment Share on other sites More sharing options...
YCCMB Posted December 16, 2011 Share Posted December 16, 2011 As Corporal Jones may have opined..."They don't like it up 'em"...I was reading, in the faraway land where I have been hiding for the past week, some comment on the BBC website. I no longer remember who said it, or when, or where, but the opinion was expressed that France has, in the past, been similarly unsporting with regard to proposed changes to the CAP, and Germany has refused to favour legislation which might have had an adverse effect on its large automotive industry. So, if "Call me" wants to refuse to endanger an important lynchpin of the British economy, he's only doing what Sarko would do if farmers were involved, or what Merkel would do if BMWVWMercedes was threatened.So, shorty and the hausfrau are really only tasting a bit of their own medicine, surely? Link to comment Share on other sites More sharing options...
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