The UK vote in the recent Euro agreement

[CrAp]

The english only want to make use of the benefits that come along with Europe but they dont want to contribute shit when it comes to making longterm descisions that will benefit our children over a 100years. It is like foreigners that come here in Belgium to make profit from the social structure but dont want to work for it! If we want to be strong in the world we have to be strong togheter and we will benefit in the future. If we all say fuck off, we all will speak chinese in a 100years.

[MegaYoda]

And how exactly to compete against Chinese and Indians working for pennies to compared to uk worker's pounds?

(slightly exaggerated for effect)

The Chinese will rule the world in the next 10 years Muhhahaha

[ionwg]

they say a change is as good as a rest

[LuckyCombatPotato]

The Chinese will rule the world in the next 10 years Muhhahaha

That's easy. They are making a 15% PIB growth and have the largest army in the world.
Moreover they are using our military technologies.

Hey, i need to buy a Chinese dictionnary tomorrow ! lol

[LuckyCombatPotato]

Europe is a big mix of countries with different types of economies that all have their own econimic regulations and laws.
If you want Europe's coutries to be closer and stronger, we got to get common rules. Otherwise it will (is) be a mess.

Let's buy the cars from Germany

At last some sense! I know this would certainly help my personal debt crisis, and according to LuckyCombatPotato, buying VW's will once again lead to a combined Europe

lol

In fact, i was really NOT thinking especially about all German cars but only about WV's. They should be a good example as they make all their production in the EU. Finally some CEO that have balls. And they have one of the healthiest economy of all the carmaker..

[Schlack]

And how exactly to compete against Chinese and Indians working for pennies to compared to uk worker's pounds?

(slightly exaggerated for effect)

The Chinese will rule the world in the next 10 years Muhhahaha

Hey its alright, i know this chinese guy, we're sorted.

Yoda, can you ask your chums in the party if they want to buy Cork city and harbour for 200 bn euro. We will thro in our territorial claim to Northern Ireland free gratis - hell we'll even knock a few billion off the price if they'll take it.

in other news, brits dont want to contribute? no problem, we'll just make more:

http://www.irishtimes.com/newspaper/bre ... ing13.html

ECB lends €489 billion to banks

Banks took a huge €489 billion at the European Central Bank's first ever offering of three-year funding today, providing hope a credit crunch can be avoided and that the money may be used to buy Italian and Spanish debt.

A total of 523 banks borrowed money at the tender with the final demand well above the €310 billion expected by traders polled by Reuters in the run-up to the operation.

The ECB move comes as economists expect the eurozone to enter a mild recession in 2012 — which would make it even harder for debt-laden governments such as Italy to get a handle on their debt burdens.

Europe's debt crisis has increased the risk of government and bank defaults, making institutions wary of lending to each other and driving up the cost of credit.

The 37-month term of the most recent round of loans allows banks to get the money need to pay off large chunks of their own maturing debts in the first part of the new year.

Half a fucking trillion. Do you see how deep the shit we're in is?

[bambam]

The issue with the ECB loans is a fundamental constitutional issue:

The European Central Bank was explicitly set up to effect clearing between the European banks WITHOUT a mandate to act as a credit-union, i.e. as far as the ECB is permitted, Greek debts remain Greek. This was a requirement necessary for the agreement to be signed that created the ECB, otherwise none of the northern European countries would have signed it. That agreement has simply been discarded and the ECB is buying hundreds of billions of Euros of government debt from any Euro country that wants to borrow by the simple trick of lending to the banks so the banks can buy their government's debt.

The German economist Axel Weber, who was expected to become president of the ECB, resigned over this policy, so the more flexible Italian Goldman Sachs banker Drahgi was appointed instead.

If the EU was making Europe any stronger I'd be all for it, but all the emphasis is on creating duplicate bureaucratic structures and regional interference that is weakening an otherwise strong and aligned free-trade community.