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Nicolas Sarkozy tells David Cameron: shut up over the euro

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FarCenter Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-23-11 03:31 PM
Original message
Nicolas Sarkozy tells David Cameron: shut up over the euro
David Cameron has begun a week of intense political infighting over Europe by becoming embroiled in a furious row with Nicolas Sarkozy over Britain's role in talks to solve the crisis enveloping the euro.

The bust-up between Cameron and Sarkozy held up the conclusion of the EU-27 summit for almost two hours, with the French president expressing rage at the constant criticism and lectures from UK ministers.

Sarkozy bluntly told Cameron: "You have lost a good opportunity to shut up." He added: "We are sick of you criticising us and telling us what to do. You say you hate the euro and now you want to interfere in our meetings."

http://www.guardian.co.uk/politics/2011/oct/23/cameron-sarkozy-euro-debt-crisis?newsfeed=true

It is starting to come out in the open. The attacks by hedge funds, private equity funds, and ratings agencies in London on the Eurozone are at the root of the problem. Continental Europe should send England packing.
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MADem Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-23-11 03:56 PM
Response to Original message
1. Well, since Britain doesn't USE the Euro, and made it a strong point not to,
Sarkozy has some ground to stand on.

I am not particularly enamoured of Sarkozy, but in this case, his point is valid. They don't need hecklers from the sidelines. UK had the opportunity to participate and they eschewed it. Now, they can only sit with hands folded and await the outcome from those who are participants. As it is, UK has managed to push the agenda to no small extent, already.

If I don't join the Garden Club, I certainly can't expect to have a voice in writing the By-Laws, now, can I?

Be interesting to see how this business goes down:

The vote in parliament on Monday will be a testy encounter with his own party on Britain's membership of the EU. The vote calls for a nationwide referendum on whether Britain should leave the EU, renegotiate its treaty with Brussels, or remain a member on current terms. The government will not suffer a defeat, since Labour and the Lib Dems will vote down the motion, but a voluble and sizeable group believe the prime minister should honour pledges once made to allow a national poll on Britain's relationship with Europe. They would like the repatriation of social and employment rights.
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reggie the dog Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-23-11 04:25 PM
Response to Reply #1
10. sarkozy is horrible on domestic policy here in France
too right wing for most people's liking, but on an international scale France is so far to the left that sarkozy actually goes farther left in international policy than he does on domestic policy to distinguish himself from other EU leaders. He was very vocal about how the g 20 was not serious about going after money hiding places like london, switzerland etc he said he wanted sanctions not a black or grey list.

He is organizing a way to try to calm the banks with germany, who works closely with france to prevent our nationals from skipping out an taxes by going to germany or vice versa, and the fucking UK and all its money laundering and tax havening is trying to point its finger at us. well fuck the uk, they already said they didnt want to pay anything to save the euro so if they are not going to pay they really do need to shut the fuck up. if they leave the EU their nationals will lose the right to live here in france and that will piss off a shitload of brits, they will need visas to travel here, so they are bluffing, they do not want to lose EU citizenship.
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MADem Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-23-11 08:47 PM
Response to Reply #10
20. Great "in the trenches" background in your post--thanks for that.
I agree that it's likely a bluff--there are too many UK TV shows centered around French holidays! And you can spend the euro in UK, unofficially if not officially--and many, many people do.
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reggie the dog Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-24-11 01:04 AM
Response to Reply #20
22. outside of airports the euro is not really used in the uk from what i have
seen, it is all pounds.
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MADem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-24-11 01:54 PM
Response to Reply #22
23. I was at a restaurant (admittedly some time back) in London where they
had the menu in euro and pounds. Also, in the train stations if you want a coffee and a bun you can pay in euro. The rate is shitty, though, but they will take your money--or they did, anyway.
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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-23-11 04:05 PM
Response to Original message
2. "It is starting to come out in the open.
The attacks by hedge funds, private equity funds, and ratings agencies in London on the Eurozone are at the root of the problem. Continental Europe should send England packing."

The plot thickens. The abuse of derivatives and insurance for the gambling debts of the Wall Street casinos were the Frankenstein creations of the London bankers and employees of the biggest and most fraudulent banks, funds and rating agencies. The financial leaders or crooks depending on your opinion in New York and London are responsible for what has happened to the world's economy.

If there is a just God or better yet, a just government anywhere . . . we shall soon find out.
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banned from Kos Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-23-11 04:41 PM
Response to Reply #2
14. Yes, but you can't stop it. A CDS is like a bet two people make on a football game.
The best one can do is put it in the open so that the liability is exposed against capital ratios (Dodd-Frank).

Plus there is shorting and buying puts (on banks but not countries).

Hedge funds have completely gamed the system. There are funds that just play a Euro implosion. Hell, there are ETF's that anyone can buy that do! Put it in your IRA.

That is why it can't be stopped.

Look at FAZ - its its a triple inverse on financials anyone can buy.
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FarCenter Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-23-11 07:22 PM
Response to Reply #14
16. You can rule that CDS contracts are against the public interest and unenforceable
In other words, the gamblers cannot collect their winnings.
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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-25-11 03:43 PM
Response to Reply #16
24. Yes, but you see, the legalization of casino gambling makes
it difficult to close down the part of Wall Street that is really a casino.

We have been tricked. That confused old lady who lives next door to you may be quite a regular at the local casino. She would probably protest any attempt to shut down gambling at any level.

This is how the powers that be fool people into thinking they share the interests of the super-rich.

I think your idea is good, however. Sure, you can have a casino, but what happens in the casino stays in the casino. You can't enforce any debt incurred in the casino in a court of law or through any other means. Let play be play. I like that idea.
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polichick Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-23-11 04:11 PM
Response to Original message
3. Meanwhile, our markets could be crazy this week.
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Glimmer of Hope Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-23-11 04:15 PM
Response to Reply #3
4. And there are reports of another downgrade.
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polichick Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-23-11 04:16 PM
Response to Reply #4
5. Think I'll go to cash and head for the beach! lol
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dipsydoodle Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-23-11 04:17 PM
Response to Original message
6. Send England packing?
Why would he want to substantially help to reduce unemployment here? Incase it hadn't occured to you all those working here courtesy of EU policy would lose their right to stay.
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FarCenter Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-23-11 04:21 PM
Response to Reply #6
9. Most EU workers in England aren't from the Eurozone.
The proverbial "Polish plumbers" would likely go back to Poland.
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reggie the dog Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-23-11 04:34 PM
Response to Reply #9
12. if the UK quits the European Union
its companies will be much restricted in doing business on the continent, the will be isolated like iceland off on their own and the UK would likely disintegrate as nations like Scotland, Wales and Northern Ireland (which has a special relation with another EU country, Ireland) would likely want to reamain in the EU and use this as the opprotunity to take their independence. Then people from the UK would have to retire on their rainy island and would not be able to just move to spain, or italy or france or greece or have a summer home there. Then there is the question of European Union Citizenship. Can the UK government or popular referendum take away the European Union Citizenship of a UK national who does not want to lose their European Union Citizenship or would those people be able to keep their EU citizenship?

I really dont think brits want to have to get work visas to be able to go work in Dublin, Amsterdam, Nice or Helsinki.
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reggie the dog Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-23-11 04:28 PM
Response to Reply #6
11. you have unemployment problems because the UK delocalized their
jobs, not because of immigrants, germany has a shitload of immigrants and lower unemployment than the uk because they kept their manufacturing sector.

plus all of the uk ex pats in places like spain, france, italy etc would have to come flocking back to the uk and its clouds and rain so you would be hit with a huge flux of masonry workers, waiters, bartenders, waitresses, cabbies etc coming back to the uk
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sibelian Donating Member (543 posts) Send PM | Profile | Ignore Sun Oct-23-11 04:19 PM
Response to Original message
7. He sort of had to do it.

His party's stuffed with Europe haters.

Not that I have any sympathy with the twit.
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joeybee12 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-23-11 04:20 PM
Response to Original message
8. Good stuff...two of the world's biggest assholes mad at each other...knr
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reggie the dog Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-23-11 04:39 PM
Response to Reply #8
13. sarko is shit on domestic policy for france
which is why he is tanking in the polls, he is too arrogant within our borders, but on an international scene he is hardly one of the biggest assholes in the world. hell sarko does not want to get rid of our single payer national health care and called for economic sanctions against places like Monaco, Luxembourg, Swizerland and the UK because those places help hide money in what we call "les paradis fiscaux". at the time even Gordon Brown backed him on this and was saying that the UK should change its rules about hiding money and gee he lost an election right afterwards.


You want big assholes look to the leaders of syria, yemen, myanmar, north korea or look to dc in the light of how many innocent people the usa kills each year. how many innocent people has france killed in a war not sanctioned by the united nations this year?????

there are many things to criticize sarkozy for but being an asshole on international policy is not one of them.
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joeybee12 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-23-11 07:55 PM
Response to Reply #13
18. He's an asshole for his policy on immigrants, a filthy racist asshole...nt
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reggie the dog Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-24-11 01:03 AM
Response to Reply #18
21. those are not his policy on immigrants
he is actually the son of an immigrant himself and his wife is an immigrant. now brice hortefeux and claude guéant on the other hand, are horrible racists. the worst he has done for immigrants like myself is to ask that we wait 4 years after marrying to demand the french nationality. the racists in his party are the ones who want to expel people to romania (which sarkozy was opposed to because they are EU citizens, he saw such deportations as redundant and a waste of money), want to end double nationality, and have made racist comments against north africans.
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saras Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-23-11 06:21 PM
Response to Original message
15. "You have lost a good opportunity to shut up" - great line
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sendero Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-23-11 07:58 PM
Response to Reply #15
19. Isn't it though?
.. I'm saving that one for future use!!!!
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butterfly77 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-23-11 07:53 PM
Response to Original message
17. Kicked&Recommended...
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