Safe Mode: On
Britain says NO to relinquishing control of sovereign fiscal policy to Brussels

Mainly to protect London's financial markets, that represent over 50% of Europe's financial trade and generates about pounds 50 billion in tax revenues for the UK David Cameron has vetoed a decision to allow centralised policy making from Brussels which may allow for example un-elected European beauracrats to decide national sovereign income tax levels.

France and Germany see centralised fiscal policy as essential to exercise greater control over those economies that they see as irresponsible such as Greece and Italy to save the Euro currency and steer away from another impending recession.
Have the UK stuck the dagger into the back of Europe or decided there is no point in throwing good money after bad?

Who's right?

Loading the player ...
Embed CodeSwitch Player
Plays: 1161 (Embed: 0)


Added: Dec-9-2011 Occurred On: Dec-9-2011
By: reaveyo
In:
Politics
Tags: UK, Brussels, euro, crisis, recession, France, Cameron, summit, bail out, Sarcozy, angela merkelngela
Views: 2261 | Comments: 15 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
You need to be registered in order to add comments! Register HERE
Sort by: Newest first | Oldest first | Highest score first
Liveleak opposes racial slurs - if you do spot comments that fall into this category, please report them for us to review.
  • We should leave the EU and become a free trade country and save £40 million a day. That would improve our economy over night. The government thinks that if we aren't part of the EU other country's would stop buying British made goods, which is bollocks in my opinion.

    Posted Dec-9-2011 By 

    (4) | Report

  • This was about the proposed financial transaction tax. Suddenly Germany and France don't think it's such a good idea now that the UK has said it won't get involved.

    i.e. it was a tax meant for the UK, the financial heart of Europe.

    Good job David Cameron on telling Germany and France to fuck off, it's about time they realised that they need England's money, more than we need them. And I say England's because Ireland, Scotland and Wales don't have any.

    Posted Dec-9-2011 By 

    (3) | Report

    • @Vfor

      I'll happly live in part of the UK that had less money (NI) in trade for it not being infested to the hilt with foreigners, mainly muslims like England is. I lived and worked there for 3 years and am in no hurry to return.

      You 'might' have the money now, but at the rate its going, your going to lose the country in which its earnt.

      Posted Dec-9-2011 By 

      (3) | Report

    • @Patrick Hodgins

      I agree with you. I also think that in the near future, when things really do start to get tough in the UK, the current liberal sentiment will evaporate as people begin to re-learn the true value of what we have.

      Posted Dec-9-2011 By 

      (0) | Report

  • What's really scary is that it was even an option in the first place.

    Posted Dec-9-2011 By 

    (3) | Report

  • who cares ,they should start sorting the imigrant and muslim nutters problem out first

    Posted Dec-9-2011 By 

    (3) | Report

  • Hell yea ... Lets just hope its the first step to leaving this vast waste of money.

    Now only if we can get rid of immigration and human rights act.

    Posted Dec-9-2011 By 

    (3) | Report

  • Comment of user 'EMAG-K' has been deleted by author (after account deletion)!
    • Comment of user 'DirtyUncleBerty' has been deleted by author (after account deletion)!
    • Comment of user 'EMAG-K' has been deleted by author (after account deletion)!
  • Rules were set for countries to join the Euro, Germany and France broke them at the outset as did Greece and the rest. They now want to tax British based companies to help bail them out, tax your own you fucking morons. The German and French leaders have had many meetings without the other 25 nations being present, so that they can stitch up the others for the cash. If they want the Euro let them (Germans and French) pay for it, cos you ain't getting a pound from us.

    Posted Dec-9-2011 By 

    (1) | Report

    • @candleman
      I think Merkel and Sarkozi are pissed off because they want our cash to help with the mess you describe, and the other member states whether in the euro or not only stand to gain from taking some of our taxes. Each member country should be responsible for its own fiscal policy and if they fuck it up they should not be bailed out otherwise they wont change.

      Posted Dec-10-2011 By 

      (0) | Report

  • Fuck Belgium! They probably all have little girls in dungeons in their basements anyway....Why we listen to these cunts is anyone's guess.

    Posted Dec-9-2011 By 

    (0) | Report

  • Well they've relinquished control of MONETARY power to their central bank, which has far more dire consequences - just like the US allowed the Federal Reserve private banking cartel to control monetary policy since 1913/14.

    Posted Dec-9-2011 By 

    (0) | Report

  • Comment of user 'DirtyUncleBerty' has been deleted by author (after account deletion)!