SARKOZY ON EUROZONE AIMS

Le MONDE yesterday (dated 13 December 2011) published an interview with President Sarkozy on the discussions in Brussels last Friday and the Intergovernmental Treaty the 17 "EUROZONE" countries have drafted, but from which the United Kingdom withdrew !!!

This interview should be read by all British politicians !!!  It reveals how President Sarkozy sees the situation at present, but it also reveals, in my opinion, some current problems that remain to be solved.

Suffice it to say that the aim is to settle legal problems during the next two weeks and then complete the finalized Treaty by the end of March 2012 !!!

Will this treaty then be adopted without any electors in EUROZONE countries ever getting the chance to vote ? Will all EUROZONE countries sign-up plus  9 others to make 26 ?    Britain will not be alone  !!!  All 27 countries are still in the EU !!! 

CAMERON VETO MEANS WHAT ?

The subsequent confusion following the VETO exercised by David Cameron on behalf of Britain in Brussels this Friday, 9 December 2011 is hardly believable !!!

The EU leaders were called to a meeting in Brussels.  They were to participate in discussions on the proposals aimed at solving the EURO currency problems, which concerned in particular 17 countries which have the EURO as its currency.  It should be noted that 10 countries, like Britain, at present have other national currencies !!! 

Initially, the expected intention was to create a sub-division of the EU which was to become the EUROZONE.  After political manouvering it appeared that 23 to 26 EU countries would, subject to confirmation by their National Parliaments, perhaps join the new sub-division of the EU !!!

One could say that at this point in time, the current Treaty of Lisbon, would have been replaced by the new "EUROZONE Treaty" !!! This new treaty, which has not yet been written, would have removed all of the Potholes of the Lisbon treaty,  provided  new tax-raising possibilities, and, eliminated the VETO rights of Great Britain.  

David Cameron refused point blank to envisage any such possibility !!!  His courage was not expected and this was clearly seen by the way he was subsequently snubbed by Nicolas Sarkozy and others !!! 

The EU lives on, there are still 27 partner countries !!!  Furthermore one cannot today be sure that there will be as many as 26 members of the planned EUROZONE in the spring of 2012, after they have all referred back to their parliaments !!!

DSK, LE PIEGE ?

Depuis plusieurs jours, la rumeur court: un piège aurait été tendu à DSK au Sofitel de New York.

Le seul fait d'introduire dans la suite du président du FMI une femme de chambre pas particulièrement jolie, pas réellement séduisante,
pouvait il suffire pour éveiller un désir incontrôlable et faire commettre à DSK la "faute morale" qu'il a lui même confessée ?

Il est vrai qu'il faut s'abstenir d'agiter un simple chiffon rouge devant le taureau, sous peine de l'exciter ...

EUROZONE WILL IGNORE ALL OPPOSITION !!!

The EUROZONE BANDWAGON is on a high and will not slow down to listen to any opposition !!!  They have flouted basic principles in the past when dealing with EU problems and will do the same with the current creation of the EUROZONE.


David CAMERON defended Britain and the POUND STERLING by using the VETO in accordance with the rights prescribed by the Treaty of LISBON !!!  He was not prepared to sign away British rights in exchange for a hastily prepared "idea of a Eurozone treaty" designed in fact, to solve the problems of the EURO. 

Time is of the essence and a quick fix, sorry, solution, to the EURO problem must be found. 

The basic principle which will be flouted next time by the politicians of all countries will be to avoid submitting anything to a vote by electors in any country, because this would waste time;  what could be worse, if a country like Ireland could then, again, vote against something that is proposed  !!!

One also gets the feeling that the end solution could be not to set-up the creation of the EUROZONE TREATY but a new EUROPEAN TREATY.  In this treaty up to 26 countries (without BRITAIN) could take part if it cures the basic  problems of the EURO.  

In that way the EU TREATY of LISBON would become defunct, and BRITAIN would no longer be a stumbling block !!!   At the present moment these things are still only half cooked !!!

CAMERON VETO RIGHT FOR BRITAIN

David Cameron correctly used the veto to stop any attempt to spread the cost of saving the EURO to non-EUROZONE countries.  The proposed Financial Services Tax would have destroyed the City of London and would have opened the door to further fiscal impositions and intrusions in British governance.

There are two basic flaws which have resulted in the present crisis -

     -  The Lisbon Treaty remained flawed because it was hurried through to adoption by Politicians who prevented national electors from having a chance to vote.  A longer period of reflection would have revealed the potholes and latent serious faults in that Treaty now clearly visible.
     -  The initial Greek adherance to the EU was not properly monitored and the bankruptcy of Greece was badly handled.  This was because for idealogical reasons the real object really became the protection of the EURO rather than curing the problem of Greece bankruptcy !!!

David Cameron has shown real leadership.  Others will also realize that it is not now that electors should be given the chance to vote !!!  Ideologists must now be more patient. 

PUTIN ACCUSES USA, but this blog....

Putin has served two terms as President of Russia, and now has served one term as Prime Minister.  His aim is to run for a new term as President of Russia. 


Things have gone badly for him in the recent elections and for this he accuses the USA !!!  Does this mean that only now, Russian authorities have realized that there were US agents in Russia interfering with the elections ?  It may be the case.


However, the electoral results could have something to do with the reasons described in this blog on November, 21 2011, entitled "PUTIN DOES NOT WANT TO RETIRE" !!! 

Yesterday, former Russian President Michael Gorbachev also said that perhaps new elections should be held because of irregularities.  He did not state in which direction the apparent irregularities leaned. 

We will have to wait and see what happens next !!!

S & P ; AN APPEAL TO PRESIDENT OBAMA

Yesterday, in my humble blog,  I criticized S & P because they pontificated by announcing that six eurocurrency countries risked a downgrading of their AAA credit ratings !!!

When I read certain newspapers of the european press this morning, criticism was vehement towards US Credit "judges" like S & P. 

Mr President, do these agencies have the same standing as normal AMBASSADORS of the USA ?  Are they accredited in any way ?  Do you endorse or accept in any way their pronouncements ?  Are there any sanctions you would be prepared to apply ?

Mr President OBAMA, the EU has well known problems at present, and its leaders, President Sarkozy and Chancellor Merkel are actively engaged to find a real solution.  The USA, because of S & P, are not at present their favorite friends.  Can you help or intervene ?