kowenicki said:
Kasz216 said:
kowenicki said:
Kasz216 said:
fauzman said:
I wouldnt say he is a coward but imo it was a very ill-advised move. He was facing pressure from his Eurosceptic Conservative Party members to not sign the deal, and on the other hand he was facing pressure from Europes leaders to support the deal. At this stage, we dont really know if this was a great move or not, but London which is the financial capital of Europe, may certainly suffer from Cameron's rejection. I would say the that fortunes of the Conservative Party for the next few years depend on the fallout of this. |
Actually that's EXACTLY why camereon DIDN'T sign on. The treaty included a tax on every financial transaction which would of KILLED investment banking in london. It all would move to switzerland faster then it already is.
It's why you'll never see Europe do anything like the Vockler rule or really anything the US is considering financials wise.
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Correct. People dont get just how big London is as a financial centre. I repeat, the biggest in the world. New York, second.
Anyway, it appears that Camerion set a trend, a good portion of the rest of the european nations are also now pulling back a little and expressing doubt.
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I've heard recently it's 10% of the English economy. It's right crazy to think he'd hurt a 10th of his countries economy with a smile.
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Correct.
It is hard to understand why people in Erope dont get this. To be fair the German are softe ning to the outcome of last week, whereas the French.... well.... no comment - same old, same old.
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Because it's politically correct to speak about thinking about well being and future of whole EU and not only your own country even if everything done under the wraps is done to forward one of countries agenda ;)
Best showing of EU "solidarity" was the gas line linking Germany with Russia directly which now allows Russia to threaten whole Eastern Europe without any repercussions from Germans and rest of west.
