Has CMD developed a backbone???

[DonkeyApple]

Du1point8 said:

Mikeyboy said:

If we manage to stay out of the Tobin tax the EU will effectively lose its entire investment banking business and we will benefit.
Event the likes of SG, BNP and Deutsche will move what they can to their London offices, the offices in Paris, frankfurt Milan and Madrid will either be closed or kept in name only.

Bad move for Sarkozy, some sense from CMD.

Im assuming some of the hedge funds will be moving back too.

Whats the bet that the tobin tax is somehow dropped now?

http://www.youtube.com/watch?v=I2tle6oCJEg

Almost certainly. The purpose of the tax was to use City of London revenues to finance the failed EU members and to ultimately bank roll the French and German banks and financial institutions. I.e. the City would subsidise all EU competitors to the City.

The additional ramifications of signing up to yesterday's deal is much darker and has not really been raised and that would be the loss of regulatory control to a body who's sole intent is to pass regulation that favours the EU and damages the City. Many of proposlas in MiFID II are extremely toxic to markets and industries which don't really exist in the EU but are big business in the UK.

We don't really want to isilate ourselves from Europe but at the same time it was impossible to sign up to last nights toxic proposal.

Terry Smith, CEO of City broking firm Tullets, says...
"The UK is as isolated as somebody who refused to join the Titanic just before it sailed "

[0a]

Fittster said:

More interestingly what happened to Nick Cleggs backbone. Can't really see the Lib Dems doing particularly well at the next election. Vote for us and we will completely abandon all policies for a sniff of a red box.

Hey, I forgot about those guys!

[chris watton]

Excellent blog from Guido:

"The Right People are Upset"


http://order-order.com/2011/12/09/the-right-people...

[Trommel]

chris watton said:

Excellent blog from Guido:

"The Right People are Upset"

http://order-order.com/2011/12/09/the-right-people...

Jon Snow said:

In covering 3 decades of European summits, I have never seen UK looking more peripheral or of less influence than in these pivotal days

Nice confirmation of where Channel 4 News positions itself.

[Soovy]

Trommel said:

chris watton said:

Excellent blog from Guido:

"The Right People are Upset"

http://order-order.com/2011/12/09/the-right-people...

Jon Snow said:

In covering 3 decades of European summits, I have never seen UK looking more peripheral or of less influence than in these pivotal days

Nice confirmation of where Channel 4 News positions itself.

Anything which p155es of Sarko is right with me.

[MX7]

I didn't realise that he was an invertebrate.

[maix27]

Mikeyboy said:

If we manage to stay out of the Tobin tax the EU will effectively lose its entire investment banking business and we will benefit.

Great, because we need more of those!

I think our mate Dave has made the right decision, but has gone about it in a way that has made him look like a tt on the international stage and i think that will come back to bite us at some point.

But I do agree we need to keep out of this Euro mess and what's he's done is right.

[Ayahuasca]

Napoleon, Hitler, Merkel, Sarkozy - your boys took a hell of a beating, a hell of a beating!

[scenario8]

Soovy said:

Anything which p155es of Sarko is right with me.

Ooh, Soovy, you owe me fifty quid.

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

Send it to

The Prince's Trust
16 Park Square East
London
NW1 4LH

Many thanks

[thinfourth2]

MX7 said:

I didn't realise that he was an invertebrate.

have you been asleep since the election?

[Apache]

Derek Smith said:

Elroy Blue said:

Backbone? No, he's doing what's best for the survival of David Cameron.

Spot on. IDS and the blond clown speak out and Cameron jumps to their bidding. This shows that one push and he moves.

How on earth do you think that? this decision was safe for him if he went along with it, saying no means he has to see it work for the UK or he's shagged

[stripy7]

Digga said:

have a cosy mental image of JCBs shoving Audis and BMWs into the North Sea.

Edited by Digga on Friday 9th December 12:34

Mine is of the Tango ad with harrier jump jet hovering over White cliffs off Dover.

[JagLover]

DonkeyApple said:

Terry Smith, CEO of City broking firm Tullets, says...
"The UK is as isolated as somebody who refused to join the Titanic just before it sailed "

[JagLover]

Apache said:

Derek Smith said:

Elroy Blue said:

Backbone? No, he's doing what's best for the survival of David Cameron.

Spot on. IDS and the blond clown speak out and Cameron jumps to their bidding. This shows that one push and he moves.

How on earth do you think that? this decision was safe for him if he went along with it, saying no means he has to see it work for the UK or he's shagged

and what exactly is Derek proposing?, to let the EU destroy our financial services industry?.

Edited by JagLover on Friday 9th December 13:36

[Brite spark]

AndrewW-G said:

IMHO, it's finally dawned on him that the public don’t want more integration with the EU, they want less and that if he goes ahead with it, he will get annihilated at the poles at the next election. . . . . . . I think we should all watch out for the about face he will do on the EU, as I’d suggest that the next treaty he signs will be far more reaching than this one.

He knew he had to avoid a new treaty for the 27 member states as he would have to give us a referendum as more powers were going to Brussels, at which point a no or out vote would of been highly likely.
His preference here was to stay in the eu, next election polls didn't come in to it IMHO

Signing new treaties he can do, but can't give away more powers without triggering a referendum( in theory), so if there are going to be treaties that he signs there needs to be a positive sentiment towards the eu for the referendum that follows and even then the out vote is highly possible

[Ayahuasca]

We are on our own now - this is us effectively out of the EU.

[scenario8]

Ayahuasca said:

We are on our own now - this is us effectively out of the EU.

No it doesn't. It means our influence within the 27 will be reduced. How deeply and for how long only future history will tell.

[Apache]

Ayahuasca said:

We are on our own now - this is us effectively out of the EU.

Yay! go us

[Trommel]

As above:

http://www.youtube.com/watch?v=BRbyTxIp10A

[Ayahuasca]

scenario8 said:

Ayahuasca said:

We are on our own now - this is us effectively out of the EU.

No it doesn't. It means our influence within the 27 will be reduced. How deeply and for how long only future history will tell.

The 27 is history, the '23' will be the focus of the future.