Tuesday, December 13, 2011

David Cameron has taken the first steps to solving the euro mess | Norman Tebbit

Some thought that the Conservative leader was bluffing, but it is really determined to defend the interests of Great Britain

The crisis in the European Union was inevitable since the Treaty of Maastricht introduced legislation to create a single currency. The question I asked was Ken Clarke: "Can you name a currency that has more of a finance minister?" There are different opinions as to whether the Eurocrats - led by Jacques Delors, President of the European Commission - were so Gung Ho about ever closer union which has turned a blind eye and hoping something might change the reality of a room can have only one chief minister of Finance. Did you see the inevitable crisis cynically now engulfing the euro area and the best way to force the creation of the republic of the European Union

Whatever the truth, the crisis is upon us. It is not, as President Sarkozy seems to imagine a crisis caused by the stupidity of the English-speaking (except not to use our veto in Maastricht), the international bankers or rating agencies. After all, who cares what the bankers or agencies say about us, unless we are up to their ears in debt and loans they need never be paid, except for additional loans?

The crisis is fueled by the madness of the coupling as well as parts of very different economies and different, with no effective mechanism to align them. For the bureaucratic spirit of the solution is to create a unique treasure and impose a single economic policy and only fiscal policy and spending.

David Cameron was accused by critics of botched negotiations in Brussels. This is unfair. Their bargaining position was compromised by the fact that the Foreign Ministry and our diplomatic service to explain to our potential allies in Central Europe and the Baltics was determined to prevent the French and German plan to kidnap the institutions' EU and the euro area have to impose conditions on the powers 10 euro. Maybe he thought it was a bluff, or perhaps Vichy diplomats in Munich or the tendency was too strong for them to defend the British national interest or even to believe that the Minister of the coalition's first would. Whatever the cause, Cameron - like Thatcher and Major - are shamefully served

voluntarily or involuntarily, the Prime Minister has taken the first step towards a solution to the mess euros and a better European structure. The dog British to leave the crib federal and allow the creation of one or more European republics, composed of countries whose economies and attitudes are close enough for them to accept the rough and smooth full political union and single currency.

republics They were sitting at the Council table and our UK, each with one vote. The next step would be the new global treaty to restrict the powers of the Union on issues of free and open trade, and create mechanisms to discuss - and if possible to solve - the problems of common interest such as pollution and migrations. But that's two or three steps down the road, and Britain could have been forced to leave or decided to leave the union before that date.


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