Tougher rules to tackle the eurozone debt crisis can be achieved without changing EU treaties, EU Council President Herman Van Rompuy says. In a leaked report for a crucial EU summit beginning on Thursday, he offers a fast-track "fiscal compact" that does not need lengthy ratification by parliaments or national referendums http://www.bbc.co.uk/news/world-europe-16062378 If you have money in the UK get it out now!!!
wow!... "shut up sheep and stop your bleating it is for your own good" Humanity Vs Big Government.... ding ding!
Come on Herman, grow a goatie, slap on a cheap cap, issue a backdated decree, nail it to a telegraph pole, call the carpenters to erect scaffolding, throw some ropes over tree branches and send out a division to round up a few score of confused villagers. Then we can enshrine your glory by erecting your statue in every town square.
Actually, honestly, I don't entirely agree - the stated threat is very clear to understand, in other words democratic process is being circumvented. However the real threat to the UK (and the mainland EU states) is this issue of the EU needing a 'unified economic & fiscal policy' across member states. Yesterday Merkozy told the World that if all EU members don't go for that to they will require a 'minimum of 17' ie the core states to go down that road - or the EU as we know it is f$cked & finished... It's exactly what Bilderberg have been working towards for all these years - and if that stays together will become the forerunner of a United States of Europe... The real problems for UK are $8 trillion of undisclosed debt and static/declining GDP coupled with a rapidly aging population - which is why they have an open door immigration policy - they have no choice now to keep the tax churn going... Financial services & tourism don't form a solid foundation on which to rebuild an already shattered economy with no competitive manufacturing base... When it comes to strength of currency though Sterling remains relatively attractive, for the same reason that punters rush into the US$ as a 'safe haven' as opposed to gold/silver. Sheeple have been conditioned not to recognize the difference between currency & money... which is why they'll always prefer Sterling to the Euro...
