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 Post subject: The elephant emerges
PostPosted: Tue Sep 30, 2008 3:30 pm 
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Location: Bradford
While the fall-out from the financial crisis continued to rip through global banking system, the elephant made cameo appearances on the stage at the Conservative Party conference today, led by its keeper, David Cameron.

Blinking at its unaccustomed exposure to the light, in its first appearance it was still shrouded in its veils. Then, briefly, it was exposed in all its glory – but so fleetingly that few if any in the hall noticed it.

View full article here

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 Post subject: Re: The elephant emerges
PostPosted: Tue Sep 30, 2008 3:51 pm 

Joined: Mon Aug 01, 2005 8:47 pm
Posts: 4434
Well that didn't take long.

We can all sleep easier, now the Super FSA is coming to our rescue, no doubt headed by a world financial expert from Rumania....shudder.

A Lollipop lady has more executive authority, than a UK Prime Minister.


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 Post subject: Re: The elephant emerges
PostPosted: Tue Sep 30, 2008 4:45 pm 
The comments from McCreevy surely point to the Commissions ambition to take control of events but also indicate that they are not there - YET! And a Commission spokesman (?McCreevy again?) said that dealing with banking problems was not the Commission's responsibility. It is up to individual members states to do that for themselves.


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 Post subject: Re: The elephant emerges
PostPosted: Tue Sep 30, 2008 6:31 pm 
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Location: portugal/germany
If EU success in forging a common foreign policy...or defense policy, for that matter is the yardstick there may be some hope. But those one cannot legislate; this, one can. See:

http://www.spiegel.de:80/international/ ... 55,00.html

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Know thine enemy..........The nine most terrifying words in the English language are, 'I'm from the government and I'm here to help.'
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 Post subject: Re: The elephant emerges
PostPosted: Tue Sep 30, 2008 6:57 pm 
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permanentexpat wrote:
If EU success in forging a common foreign policy...or defense policy, for that matter is the yardstick there may be some hope. But those one cannot legislate; this, one can. See:

http://www.spiegel.de:80/international/ ... 55,00.html


You can see a rapidly building momentum here. The "beneficial crisis" mechanism is in full flood.

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We are a satellite state of the Greater European Empire, ruled by a supreme government in Brussels. We owe this government neither loyalty nor obedience. It is not our government. It is theirs. It is our enemy.


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 Post subject: Re: The elephant emerges
PostPosted: Tue Sep 30, 2008 7:06 pm 
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Location: Edinburgh
Quote:
Increasingly, EU leaders feel the answer to financial instability lies in greater international oversight.


Yeah, I'll bet they do.


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