EUROZONE TREATY; WHAT WILL STOP IT ?

The euphoria surrounding the imminent birth of the EUROZONE is such that Leaders in the EU must, whether they are for, or against, or just hesitant, now decide whether the financial implications for their country are acceptable !!!

What options will be offered to the potential 26 candidates (not 27 because Britain has used its veto to abstain) ?  Will it be the right (or "pleasure" in the case of non-EURO countries !!!)  to participate in the costs of saving the EURO ?

Will the EUROZONE Treaty be perfectly clear on the financial conditions which apply to non-EUROZONE countries which want to join the EUROZONE set-up via the signing of the "expected treaty" ?

Will the EUROZONE Treaty specify how EU overhead costs will be shared ?

All the foregoing questions imply that a great deal of work and negotiation will be necessary to obtain agreed Financial Numbers which can be used to write a report leading to the ultimate  EUROZONE TREATY.

The best solution, timewise and from a cost point of view would be to engage Accountants and Lawyers from international firms to participate and sit-in on all key discussions !!!  That will cost millions of EUROS, but the outlay must be compared with the problems concerned, and there in fact, we are talking about  HUNDREDS OF BILLION EUROS !!!

One can only be pessimistic at the thought that Merkel and Sarkozy want a solution by APRIL 2012 !!! 

EUROZONE START-UP COSTS ? WHO WILL PAY ?

The EURO bail-out costs, which raised the question "Who pays and how much ?"  does not answer the next questions, which are -

      1) How much will the EUROZONE be charged by the EU, for the costs of its creation, which have logically been paid for in part by the central offices of the EU organization ?  There have been countless very official and less official meetings everywhere in Europe, this year and probably in prior years as well !!!

      2) Will the new EUROZONE TREATY cover the question of overhead cost-sharing in future years ?

These organizational questions raise many problems concerning the costs involved.  For example, will Mr BARROSO, as President of the EU Commission also work for the EUROZONE ?  Similar questions concern the MEPs (Members of the European Parliament). How will costs be apportioned ?

The EUROZONE TREATY must cover these points, before its adoption, before its legal birth !!!  Will electors in each of the European States get the right to vote ?  Only in Ireland is this a guarantee at present !!! 



      

EUROZONE TREMBLES !!! WHY ?

Are U S Credit Rating Agencies now puting the wind up the backs of the EUROZONE ?  Or is it because David Cameron said "NO".


He said "No" because Britain is in the EU and does not want to share the woes of the EUROZONE !!! 

Britain has the Pound Sterling, a "World Wide Currency" in its own right since for at least the last  hundred years,  to consider and protect !!!  People who have travelled in Asia and British colonies and possessions realise that Britain also has duties towards the Pound Sterling.


Countries in the E U gain nothing by trying to destroy each other !!!  Big errors have been made in the recent past by Sarkozy and Merkel, but a new beginning can correct them all with a new EUROZONE TREATY.  

When the EUROZONE has been born with its new treaty, perhaps someons in the EU will have enough time to revise the Lisbon Treaty !!!  Britain could lead by demanding the revision of the powers of the European Court of Human Rights and the effect of some of the provisions in the Maastricht Treaty !!!

   

EUROPE HATES CAMERON ? WHY ?

All of the "BIG HEADS" in Europe, who want progress towards the idealogical goal which is the "UNIFICATION OF EUROPE",  "whatever it costs", must think again !!!

Treaties are signed to be adhered to !!!  David Cameron was elected to protect British interests.  What has he done wrong ?  If there had been a proposition to amend the Lisbon Treaty, he would have had to respond.  Alas there was nothing !!! 

EUROZONE countries have big problems.  Will their electors have a chance to vote on the ultimate "EUROZONE TREATY" ?  Those countries who do not have the "Sacred Euro" as their national currency, will they get the chance to vote ? 

No real Briton will ever accept a Dictator in any sense or form !!!  Smaller EU countries can rely on this statement !!!       

MARKS & SPENCERS BACK IN PARIS, but...?

The M&S reopening in Paris, after they regrettably closed all stores about 10 years ago, is not very "Rosy".  The new "boutique" is very small, cramped in fact, and does not resemble in any way what one expects of an M&S store in Britain.

Women, who naturally love "boutiques", have a little bit of everything going for them.  The problem is that there is no room or anything on offer for their men who often have the chequebook or credit card !!!

With respect to the food counter, this too is miniature and will not attract the passing customer as in Britain.  At present the novelty of a new "M&S Boutique" in Paris, albeit on the Champs Elysées, means you have to queue before you can get in !!!  

It seems two very big stores are planned for the outskirts of Paris, but the well heeled British in Paris will always regret the closure of the well situated M&S store in Boulevard Haussmann;  it was beautifully placed to compete against the best, and also against the world renowned French stores !!!      

BRITISH EUROSCEPTICS ATTACK CAMERON !!! WHY ?

There are two simple Questions to be asked;

            1)  What has David Cameron done wrong, in using Britain's veto rights, to resist the EUROZONE requests to help solve the problems of the "EURO" ?  Anything ?
            2)  Britain is still in the EU, together with the 26 other countries which may want to join the EUROZONE.  Britain still benefits from an enlarged market, which it needs for its exports of all kinds, in particular Financial Services, which now will not suffer a tax destined to cover the costs of saving the EURO !!!  Is a referendum really urgent ?

Do EUROSCETICS really need a referendum now, in order to get out of the EU !!!  This, to me, this appears somewhat hasty at present !!! 

EUROSCEPTICS should watch closely what happens in the next four months.  To get into the EUROZONE will be easy.  Will their electors get a chance to vote on this ?  Or will it be waved through by National Parliaments like the Lisbon Treaty was ?  Everything is urgent !!!

British EUROSCEPTICS should be patient !!!  Lots of things will happen in the next four months.  Afterwards there may be things which may affect Britain !!!  Then, summer 2012, there may be important reasons which we do not yet see clearly, to have a referendum.

2012 FRENCH PRESIDENTIALS: INFIGHTING BY CANDIDATES

The Presidential Election in France is now less than five months away.  Candidates are becoming more lively and pointedly attack others.  This is normal, but sometimes special situations occur. 


The Socialists


They finally elected Francois Holland as their official candidate for the French Presidential elections next April and May 2012.  There seem to be hidden problems which for once this year, do not concern DSK. 


Montebourg was eliminated as a candidate;  Holland was finally chosen  in the "run off" against Martine AUBRY, who remains as secretary of the Socialist Party.   Montebourg however has put the cat among the pidgeons by implying that Socialist MP's in the Calais area were implicated in Financial Corruption and because he did not exclude Jack Lang, a former minister from his remarks.  

This comes at a delicate moment when all Socialists ideally want to attack President Sarkosy.  Francois Holland himself appears to be going through a period of "self doubt" if one judges him by his "hesitent impacts" on television.


The Presidential Ruling Right


Sarkozy is to be seen everywhere each time he breathes !!!  Whether it is as joint leader with Angela Merkel in Brussels in EU Treaty Talks, or on television making pronoucements on current events in the EU or EUROZONE, he also can be seen all over France visiting towns on what can only be described as election trail publicity.  He wants to be seen as being in contact with the people, in fact the electors !!!


President Sarkozy has not yet announced his intention to stand for re-election as President.  However many who would like to stand are watching closely !!!  One in fact has jumped the gun.  He is Dominique de Villepin, a former Prime Minister under President Jcques Chirac and who in fact has a bone to pick with Sarkozy after their legal battles !!! 

There are other "heavyweights" who are also monitoring the situation !!!

Other parties

The  "GREENS" are ploughing on, as is Francois Bayrou who has already lost two Presidential elections.  He wants to place himself as a center candidate between the Socialists and the government.  There are other small candidates who are still searching for the 500 signatures from mayors which all candidates must obtain.

The more candidates there are, the more problems will be created for the leading candidates to attain one of the two final Run-off places.  All small candidates always get a small percentage of the total votes and these votes will not go to big heavyweights !!!

This could, as many candidates fear, let in the National Front Candidate, Marine Le Pen.  That is what happened in 2002, but her father lost to Jacques Chirac, who became President thanks to massive votes from the Socialists.