sida wrote:Why on earth should we allow the tax take from the uk financial sector get diverted out of the country ? Its intended to mask the political stupidity of facilitating billions in loans to PIIGS who couldn't afford it but thought they could hide under the Germans skirt, and who in most cases couldn't, and still can't, even be arsed to make a serious attempt to collect their own taxes.
Sarkozy knows well and good that the farcical levels of debt some of these countries are carrying have knack all to do with a lack of bank regulation and everything to do with a complete lack of realism in the corridors of EU power. The average voter is probably happy to swallow it that the banks are to blame, except the ratings agencies, the IMF, the WorldBank etc ( ie the people that matter )
He also knows that it's more popular at home, especially when you've an election coming up, to grab a fucking huge lump of tax off uk based financial services to cover some of the cracks, than it is to get his own countrymen off the EU tit.
It seems like wishful thinking to me to believe that 26 states will convert their in principal agreement of last week into a binding agreement to actually share the pain and sort it. The piigs have no choice but to vote for it, if they don't their cost of borrowing goes up which is unthinkable for them. You can't paint this as some harmonious acceptance that the axe has to be wielded on these countries spending.
Couse they do, they leave the EURO, devalue, n let the banks get their money bet they can. Worked for Bates didn't it? Why the fuck should the Greek people pay for the mismanagement of the Capitalist/Political elite? I know it's not as simple as that, but blaming the piigs is just an easy way to divert attention. Don't pay taxes? Don't make me laugh, the German system is built on the back of tax exempt 400€ jobs, with tens of thousands of migrants receiving a large percent if their wages cash in hand. Those people have no rights & no pension to look forward to. Germany and France are as much to blame as the other Euro countries, they where after all the first to break ceiling for budget deficits, the smaller countries just followed after.
It's only fair they all foot the bill for the party, individual countries have to decide if they can take the medicine.