Eurozone debt crisis

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payuppal
Posts: 103
Joined: Sat Aug 07, 2010 12:16 pm

In the latest polls the Tories are level pegging or a little ahead.

IMO the campaign would go very well for them, they'd certainly have the press on their side, and if they won, they'd get a sole mandate for a full 5 year term, putting off all the fixed parliament and reduced seats problems, with more time for the economy to come right.

Go for it, boys.
Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

It would be a hell of a risk, and I get the impression that Mr Cameron isn't the sort to take bold gambles...

Jeff
payuppal wrote: Go for it, boys.
payuppal
Posts: 103
Joined: Sat Aug 07, 2010 12:16 pm

It would be a hell of a risk, and I get the impression that Mr Cameron isn't the sort to take bold gambles...
And using the veto wasn't a big gamble?

If the Labour Party did win, we are in a bad way. Because there is no way they can or would take the necessary decisions about cutting expenditure. Taxes would rise sharply, and so would our bond interest rate.

A Tory government with its own mandate could be much bolder than the coalition in making the big cuts we need to make.
Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

payuppal wrote: And using the veto wasn't a big gamble?
There's a school of thought that says Mr Cameron knew his hand was forced, and was acting out of desperation...

And you're talking about one action, which was uncharacteristic of the man. Look at how he handled the riots - he wasn't exactly bold and decisive!

The only case for holding an election right now IMHO is if he wants to seriously ramp up the austerity measures (which IMHO is absolutely necessary), but knows as a fact that the Lib Dems would make it impossible.

Jeff
payuppal
Posts: 103
Joined: Sat Aug 07, 2010 12:16 pm

There's a school of thought that says Mr Cameron knew his hand was forced, and was acting out of desperation...
Yes, but he did do it...

And having done it, I'm sure he realises it can't be undone, certainly not to save the Lib Dems face.
Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

This image from the BBC news website cracked me up! They both have the expression of a dead fish! :lol:

Jeff
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

Is the City worse off after David Cameron's EU veto? - http://www.bbc.co.uk/news/16131346

WTF?!?

How can the City be worse off?

'The FTT is a tax on every purchase or sale of stocks or bonds or whatever financial product by a bank. Because there are millions every day, it could force banks to be more careful in their purchases or sales.'

It wouldn't force banks to be more careful. It would force banks to relocate out of the UK, and give jobs and tax revenue to the American, Swiss or Singaporean economies...

Jeff
SilentDave
Posts: 199
Joined: Wed Jan 20, 2010 11:30 am

Jeff, you can probably overlook these bulletins from the Brussels Broadcasting Corporation :)
Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

Hi Dave

I'd love to know how many times the BBC News Channel has used the word 'isolated' since Friday morning!

The BBC's pro-EU bias is pretty obvious; they're not being very subtle about it! :lol:

And the irony is that politicians can't tell them what to do because of their political neutrality!

There's a nice article about BBC bias here: http://blogs.telegraph.co.uk/news/james ... wo-thirds/

Jeff
SilentDave wrote:Jeff, you can probably overlook these bulletins from the Brussels Broadcasting Corporation :)
Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

The Euro is tanking it today!

Jeff
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

City not shielded by Cameron's veto, EU insists - http://www.telegraph.co.uk/finance/fina ... sists.html

'Amid chaotic confusion over the relevance of the Brussels summit, including Britain's veto, Olli Rehn, the EU's economic affairs commissioner said: "If [Britain's] move was intended to prevent bankers and financial corporations of the City from being regulated, that's not going to happen."'

In other words, 'The EU will decide how Britain's banks are regulated, whether the British government likes it or not'.

I hope Mr Cameron, with his newly discovered boldness, tells the EU where they can stick such notions...

Jeff
Iron
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Euro drops below $1.31 for first time since January - http://www.bbc.co.uk/news/business-16166352
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CaerMyrddin
Posts: 1271
Joined: Mon Sep 07, 2009 10:47 am

You couldn't be happier, could you? :lol:

That's good, you'll be able to import Eurozone goods at a gentle price. Let those mercedez come in!
Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

Interesting interview about the Euro crisis with the head of a $30 billion hedge fund: http://www.michaelcovel.com/2011/12/15/ ... er-opines/

Jeff
Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

EU demands £25bn lifeline from the UK - http://www.telegraph.co.uk/news/worldne ... he-UK.html

Jeff
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