ScoobyWon't

Two months on from Dave's speech, a couple of days on from inflicting untold pain on Cyprus, the EU have decided they want to increase the budget by more than was used to bail out Cyprus.

And there's no veto to use.

http://www.telegraph.co.uk/news/worl...-increase.html

How about that referendum, Dave?

jonc

As a British citizen, I'm so glad that Alister Darling signed Britain up in to pouring billions of pounds in to the EU to prop up a failing currency and the folly of an European social experiment.

f1_fan

iTrader: (9)

Yep as did the goverment before his, but of course you conveniently forget that!

The EU is failing and we are going down with it.

jonc

How so? You know I'm referring specifically to Alistair Darling committing Britain to the £95bn "stabilisation mechanism" that was rushed through by EU finance ministers over a weekend days before leaving office. There is a huge difference between joining the EEC and giving billions to Brussels for an EU bailout fund to prop up a failing currency that isn't even legal tender in this country. If we are going down with the EU, it'll be thanks to Mr Darling.

We lost the right to veto this when Blair signed the Lisbon Treaty.

Martin2005

2 things

Darling agreed to support the EU bailout for (at the time good reasons), and the sums involved (13bn euro's I think
are nowhere near enough to 'drag us down with the EU'

Secondly it was Brown who signed the Lisbon treaty not Blair

jonc

You are right, I stand corrected. Blair saw what was coming and got out while the going was good!!

f1_fan

iTrader: (9)

Are you serious???? Did you arrive from another planet after 1992?

jonc

You still have explained how, and lots of smilies tells me you can't. It's the same old F1_Fan routine again, can't argue/discuss sensibly so call people names instead.

f1_fan

iTrader: (9)

FFS! I didn't think it needed explaining as it's kind of so obvious. As it is it's another encounter with the terminally stupid! Anyway here goes... sigh!

You said:

In 1992 the ERM was exactly that in all but name. Yes the currencies were nominally all different, but the idea was to keep them within a small exchange rate band in preparation for introduction of the Euro. When it was clear to all but the Tory government that the pound couldn't stay in it they poured billions into trying to keep the UK in simply to avoid loss of face.... this was made all the worse by the fact that they ultimately had no intention of joining the Euro anyway

Your glorious Tories are no better than ueless Labour... as I keep saying they are all the same and pinning your flag to the mast of one or the other is just desperation!

Leslie

Didn't Brown sign that treaty a day or so after all the rest of the country leaders in the hope that no one would notice that he had done so?

Les

jonc

That still doesn't explain where a minister committed this country giving away billions to prop up a foreign currency. We left the ERM after two years and it paved the way to a more prosperous economy and falling unemployment, giving Labour much stronger economy to build on. Only now we have no way out, no veto and no option but to continue pouring billions of pounds into Europe. Thanks Mr Darling and Mr Brown.

Martin2005

That's a fairly twisted and revised version of history!!

f1_fan

iTrader: (9)

You make it sound like Lamont left the ERM by choice as some stroke of financial genius....

Anyway have a good Easter on whatever parallel universe it is you inhabit as it certainly isn't one based in reality

jonc

What's twisted and how have I revised it?

jonc

Ditto.

Leslie

Not so much a social experiment as an attempted power grab!

Les