Thursday, 15 December 2011

The Disaster That Is Europe.

As many of you will have heard over the past 6 days, the UK and Prime Minister Cameron issued its veto to stop a new EU treaty, which is being developed to save the Euro. Good for him, I say. It is about time the UK stood up for its own interests, instead of taking all the crap that the EU throw in our direction.

The crucial decider for Cameron was the inclusion of a Financial Transaction Tax. Now bearing in mind that the finance and banking sector accounts for 10% of the UK's economy, and that the UK has the biggest banking sector in the whole of Europe; it is quite understandable that many people feel this is purely  'a tax on Britain'. Of course, Mr Sarkozy and Chancellor Merkel would have you believe otherwise.

The primary reason for the development of a new treaty is to save the Eurozone countries, who are currently in an historic crisis, with countries such as Greece having almost a 100% chance of defaulting within the next 5 years. So, how does their crisis affect us I hear you ask? The UK never adopted the Euro? And quite right you would be. Thankfully, the UK chose to keep the Pound, but Europe still expect us to help bail out their currency - for something that really isn't our problem. The fools, who like to call themselves the Liberal Democrats, would still like the UK to adopt the Euro, even now!

I just wanted to express my sheer relief and pride that Cameron has stood up for the interests of his country and the people. I know that many of you will be thinking that the banking sector deserve to be punished for what they have caused - the recession - but it would adversely affect the UK's economy. That must be our primary thought.

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