The longer we as a nation stay in the European Union the more imperative it becomes that we leave. Almost every day the news throws something up from the EU which highlights yet another EU related threat to our well being as a nation and another EU devised curbing of our right to govern ourselves.On the front of the business pages of today’s Daily Telegraph (8th July 2009) is a headline which screams out: “EU reforms to take away UK voting powers”. This article written by Ambrose Evans-Pritchard relates to the EU’s meddling in the way it is “considering a voting structure for its new apparatus of financial regulation that would make it almost impossible for Britain to block measures, even if they pose a major threat to the City of London.” As Amrose points out.
He reports that the EU has set up three supra-national bodies with full-time staff to oversee banking, insurance and securities. The powers the EU will invest in them will be binding and will thus limit the UK’s own Financial Services Authority to simple “day-to-day” management.
The normal way things are usually done is by qualified majority voting (QMV) which gives each EU member country a weighting dependent on size, but according to Ambrose Evans-Pritchard the EU is “mulling a simple majority system, making it harder for the UK to mount a "blocking minority" with like-minded allies.” This would give the small nations equal voting rights as the larger nations such as Britain, France or Germany.
In the same edition Damian Reece commented on this and said that the “EU dog will not only bark but will take a bite out of the City”.
The City of London as a major trading centre has been under threat from various EU measures for a long time. It has been pointed out that if the square mile was a country in its own right it would rank quite highly, anything that threatens it as a trading centre threatens the whole wealth of the UK and the well being of every British subject. The irony is, out of the 27 EU member nations, only three of those nations are net contributors. They are Germany, Britain and Holland – if the EU through its insane addiction to bureaucracy and regulation destroys the City of London it in turn will impoverish the UK. That in turn will reverse Britain’s position of a net contributor to a dependent nation status. This is like cooking and eating the goose that lays the golden eggs. But who has ever considered the EU, its acolytes and drive it forward to show sanity or any form of rationality.Like all parasites it will destroy its host and when that happens it destroys itself. As long as we stay in the EU, I the words of Private Fraser in ‘Dad’s Army’: “We’re doomed, all doomed.”
2 comments:
Thank goodness the EU is bringing a bit of control to the UK financial sector which has been completely running circles around the hopeless FSA and creating financial disaster for everyone.
We need a bit more international regulation in this global village of ours. Remember the EU was set up for precisely this sort of thing originally, immediately after the 2nd world war as the Steel Federation to prevent such huge economic crisis ever happening again which would lead to world war.
Hey Derek, is it true about the EU wanting us to eat straight bananas?
dinkey
Anonymous, what happens when the EU rules destroy the city of London and our EU subservient Government is powerless to do anything about it?
Re the bananas, yes, it did have a directive on the curvature of such things as bananas and cucumbers, but how nice of the EU to give us permission to eat bent bananas again instead of the suppliers having to destroy them until the EU changed its rules.
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