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View Diary: updated:The Horror! EU proposes introducing Financial Transactions Taxes! (101 comments)

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  •  I know that and I agree with you (0+ / 0-)

    they have worked very hard to set things up to cover their actions for quite a while. It is questionable whether it is viable in the absence of cooperation from the US and w/o the UK it is not viable in Europe let's be real as it is the UK and German markets that are the biggest. This is an instructive situation, the world economy is crashing, those that caused the initial crash are loath to bear any responsibility and have shifted their errors onto the poor, working class and middle classes. A small demand that they contribute to clean up their mess after tons of guarantees and bailouts is met with outright hysteria on their part.

    Interesting, the UK is now discussing resistance rather than outright veto; interesting. If the UK cooperates, even reluctantly, that will make it easier to implement and will also make it more viable. Watching the BBC is wonderful at the moment, the city is screaming in hysteria, would love to have that cartoon or animation of people running around screaming no to add just right now!

    "Hegel noticed somewhere that all great world history facts and people so to speak twice occur. He forgot to add: the one time as tragedy, the other time as farce" Karl Marx, The Eighteenth Brumaire of Louis Bonaparte .

    by NY brit expat on Wed Sep 28, 2011 at 12:14:57 PM PDT

    [ Parent ]

    •  The UK is at a touchy spot (1+ / 0-)
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      NY brit expat

      in the history of the EU. They have basically been the dog in the manger since the days of the European Coal and Steel Community. They have tried to have the benefits of the common market with as few of the comittments and responsibilities as possible. In the immortal words of Baroness Maggie, "I want my money back!".

      The future of the entire project is seriously at stake now. Perhaps Cammeron has second thoughts about appearing to wield the knife.

      •  yep ... perhaps that is why they (0+ / 0-)

        are tuning down the rhetoric a bit; now they are resisting rather than threatening veto ... only the hard right like people from UKIP are screaming revolt and some of the euroskeptics in the Tory party.

        "Hegel noticed somewhere that all great world history facts and people so to speak twice occur. He forgot to add: the one time as tragedy, the other time as farce" Karl Marx, The Eighteenth Brumaire of Louis Bonaparte .

        by NY brit expat on Wed Sep 28, 2011 at 12:55:02 PM PDT

        [ Parent ]

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