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Thread: Germany Puts Forward End Of British Pound -- UK Goes Crazy:

  1. Default Germany Puts Forward End Of British Pound -- UK Goes Crazy:


    Schäuble sagt das Ende des britischen Pfunds voraus

    Greift die Euro-Krise auf die britische Währung über, hätte das gravierende Folgen. Finanzminister Schäuble schließt den Untergang des Pfunds nicht aus.

    Finanzminister Wolfgang Schäuble (CDU) hat den britischen Premierminister David Cameron für seine Aussagen zur Euro-Krise kritisiert. Großbritannien hatte die 17 Euro-Länder mehrfach gedrängt, die Schuldenkrise in den Griff zu bekommen. Es wachsen Befürchtungen über eine Spaltung Europas in eine EU der 27 und die Euro-Zone.

    Schäuble sagte, es sei das Recht Großbritanniens, vorläufig nicht der Euro-Zone anzugehören. "Das respektieren wir auch." Die 17 Euro-Länder benötigten aber Regelungen, damit die Währung stabil sei.

    Dies fordere übrigens auch Cameron, weil es Ansteckungsgefahren aus der Euro-Krise auch für das britische Pfund geben könnte. "Insofern ist das kein Gegensatz", sagte Schäuble. "Wir müssen in der Euro-Zone unsere Währung stabil halten."

    Je besser dies gelinge, umso schneller werden sich laut Schäuble andere, die heute noch nicht zur Euro-Zone gehören, von den Vorteilen dieser gemeinsamen Währung überzeugen. Es werde zwar noch ein bisschen dauern. Aber eines Tages werde ganz Europa eine Währung haben. "Aber es geht vielleicht schneller, als mancher heute auf der britischen Insel glaubt."

    Britische Banken drosseln Geldfluss in Euro-Krisenländer

    Britische Banken fuhren einem Zeitungsbericht zufolge ihre Kreditvergabe an Euro-Länder im Sog der Schuldenkrise drastisch zurück. Binnen drei Monaten verringerten die vier größten Institute Großbritanniens demnach ihre Interbanken-Kredite an Länder wie Griechenland und Spanien um rund ein Viertel auf 10,5 Milliarden Pfund (12,3 Milliarden Euro).

    Wie die "Financial Times" nach eigenen Berechnungen weiter berichtete, zogen sich die Großbanken HSBC, Llyods, RBS und Barclays im dritten Quartal erstmals auch in großem Stil aus dem Kreditgeschäft mit Italien zurück. Die neue Regierung in Rom hat inzwischen weitreichende Reformen im Kampf gegen die Schuldenkrise angekündigt.

    Mit einem Minus von insgesamt 40 Prozent griff HSBC dem Bericht zufolge am energischsten durch: Sie drehte für griechische Banken den Geldhahn ganz zu und senkte das Kreditvolumen im Geschäft mit Spanien und Irland um zwei Drittel. Von keiner der vier britischen Banken war zunächst eine Stellungnahme zu bekommen.

    Streit um Finanztransaktionssteuer verschärft sich

    Der britische Premier wird zu Gesprächen mit Bundeskanzlerin Angela Merkel (CDU) in Berlin erwartet. Bereits im Vorfeld gab es Streit um die Einführung einer Finanztransaktionssteuer in den EU-Staaten.

    London lehnt eine solche Abgabe strikt ab, weil es Nachteile für seine Finanzindustrie befürchtet. Eine Finanztransaktionssteuer ist dagegen nach den Worten Schäubles richtig und notwendig. So könne ein Teil der sehr hohen Kosten bewältigt werden, um Ansteckungsgefahren zu verhindern.

    Es gebe überall für alle Güter und Dienstleistungen eine Umsatzsteuer. Nur Finanzdienstleistungen seien davon ausgenommen. "Und ich kann nicht erkennen, warum das so sein soll", sagte Schäuble.

    Es könnten vor allem aber auch manche Übertreibungen an den Finanzmärkten eingedämmt werden. Hier liefen Prozesse – auf Basis computergesteuerter, komplexer Rechenmodelle – quasi automatisch ab. Und keiner steuere diese oder habe einen kompletten Überblick.

    "Wenn eine Finanztransaktionssteuer auf einen kleinen Prozentsatz oder den Bruchteil eines Prozentes erhoben wird, dann wird diese Art von Volatilität ein Stück weit an den Finanzmärkten bekämpft", sagte Schäuble. "Und es kann der Stabilität des Systems nur dienen."
    GoogleTranslation here



    How this goes down in the UK, the DailyMail to be exact:

    Schäuble Says UK Will Join Euro and Germany Has Plan To Block British Referendum:

    Some segments:

    Senior Tory calls for 'permanent, universal opt-out' from European laws
    Germany's Chancellor today denied the British people the chance for an EU referendum as as she said the eurozone crisis would be resolved without the UK's involvement.
    The UK is also trying to avoid a formal 'two-tier' system in the EU, for fear of being left outside key decision making in the non-eurozone margins.
    British ministers are convinced a two-tier system, splitting the 17 eurozone members from the other 10, is unworkable.
    Anyways, UK is going bonkers -- with good reasons.

    As I have been saying for almost a year now: the British obstrucionist attitude is the cause for the UK to be completely side-lined. Good riddiance as far as I'm concerned!

    “The world is big enough to satisfy everyones needs, but will always be too small to satisfy everyones greed.” ~ Ghandi

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  3. Default

    Quote Originally Posted by janpor View Post
    [CEGoogleTranslation here
    Didn't you post an article about how all of the EU spoke German now?

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    You should probably read more press than you narrow pro-Federal EU mind allows:

    http://www.spiegel.de/international/...798588,00.html

    The center-left Süddeutsche Zeitung writes:

    "Either Kauder has a plan whose genius is so far apparent only to him, or he's frighteningly ignorant of our island-dwelling neighbors."

    "Cameron and Chancellor Merkel, in the past year, have established a 'very honest and open partnership.' If Kauder understands this to mean that he can voice his opinion as he likes to the British, he's way out of bounds. Even enlightened British commentators are infuriated. The essentially German-friendly historian Timothy Garton Ash suggested a whole new German word on Thursday in the Guardian. Playing on the German word Kauderwelsch, or gibberish, he suggests the verb 'to Kauder' -- 'to bring the late-night language of the pub to the European political stage.'"
    Of course little people like little things, but the big boys of Europe are more sensible. Relations between Germany and the UK are in good form, which is natural amoungst the more significant EU member states. The smaller players should not really get involved, it makes them look like one of those snappy little dogs, yapping around your ankles, oblivious to the fact that they are tolerated and not really involved, but with one swift kick, they'll yelp their way back to their corner.


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    Continued here:
    http://www.spiegel.de/international/...798588,00.html

    "But Germans have a better memory than the French of the complicated outsider role played by the Brits and its importance in European history. Would it be prudent to marginalize them and to eschew their weight in foreign policy? And what would Europe's defensive capabilities be without Britain? Without the Brits, would we have the European common market that we have today? And what position would Germany be in if its last closest major partner was the French?"

    "Despite all their unease about the EU, the Brits have often also played a constructive role in Europe. To threaten them now with Kauder's 'you're either in or you're out' tone is just as foreign as the hope that the entire Mediterranean area can be transformed into a clone of German economic virtues. Accepting partners as they are is part of the art of diplomacy for stronger countries."
    You see Jap, this is a matter for nations with large populations, and there are three of them in the EU 15, now four with Poland.

    Germany knows all too well that the UK has a significant part to play in Europe, and the UK knows all too well which side its bread is buttered. It's all political posturing. In the case of the mouthy German and his "speaking "German" comment, I simply cannot believe how naive some could be. This comment gives Cameron the edge now, Merkel will obviously feel quite embarassed about this. His comment is divisive at a time when Europe needs to come together and find a solution.

    And where's Belgium in all this? I keep reading about Germany, France and the UK, but not once do I ever read about Belgium's contribution to this, other than the fact EU HQ is in BXL..... Odd really. But I suppose the big boys are talking and the old mantra of "little boys should be seen and not heard" is true.

  6. #5
    england us georgia
    Location: Brighton , UK
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    What arrant twaddle .
    The only way the pound would change is after the present Eurozone format disintegrated --- which is what we are half happily watching right now -- and when a federation of " Northern " States moves together on premisses that truly make economic and political sense .
    That is many years away , and first we need to examine the wreckage of the Eurozone and then America in order to evaluate best options .
    I suspect that as the dust settles and the planet realises the devastation visited on it by America primarily , that any vestiges of a " special relationship " will be reviewed and considerably changed in emphasis .

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    Quote Originally Posted by janpor View Post

    As I have been saying for almost a year now: the British obstrucionist attitude is the cause for the UK to be completely side-lined. Good riddiance as far as I'm concerned!

    I'm very disappointed in you Janpor. It was only a few months ago you were saying the UK should be "kicked out of the EU ASAP!" I'm was in total agreement with you in that; the sooner the better as far as I'm concerned. "Sidelined" just isn't good enough!

  8. #7
    england us georgia
    Location: Brighton , UK
    Posts: 4,298
    Blog Entries: 2

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    It's always fascinating to watch the Hilly Billies try to work out what is happening in the wider world .
    In the way that George Brown led the way for Global Bank Reform in 2007/8 , David Cameron is now leading Europe by telling the Eurozone to put right its own incompetence and largely through the gutless and spineless ECB which can't even set a sensible rate of money interest .
    There is a certain type of redneck that seems to resent the experience and sophistication of The Brits .
    It's a bit like simple youngsters rebelling against their wiser Dads .

  9. #8
    wales uk wales
    Location: UK, Cymru mostly, sometimes England.
    Posts: 8,759
    Blog Entries: 1

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    Quote Originally Posted by raymondo View Post
    It's always fascinating to watch the Hilly Billies try to work out what is happening in the wider world .
    In the way that George Brown led the way for Global Bank Reform in 2007/8 , David Cameron is now leading Europe by telling the Eurozone to put right its own incompetence and largely through the gutless and spineless ECB which can't even set a sensible rate of money interest .
    There is a certain type of redneck that seems to resent the experience and sophistication of The Brits .
    It's a bit like simple youngsters rebelling against their wiser Dads .

    You genuinely believe that Cameron and Osborne are experienced and sophisticated? No - it's irony, obviously! That's a relief!

  10. Thumbs down

    Quote Originally Posted by Leffe View Post
    You should probably read more press than you narrow pro-Federal EU mind allows:

    http://www.spiegel.de/international/...798588,00.html
    Me not mentioning it, doesn't mean I haven't read it.

    Quote Originally Posted by Leffe View Post
    Of course little people like little things, but the big boys of Europe are more sensible. Relations between Germany and the UK are in good form, which is natural amoungst the more significant EU member states. The smaller players should not really get involved, it makes them look like one of those snappy little dogs, yapping around your ankles, oblivious to the fact that they are tolerated and not really involved, but with one swift kick, they'll yelp their way back to their corner.
    Funnies...

    UK ism I can't stress this enough, on a collision course with the rest of Europe -- this is self-evident. On this course, the power hungry British politicians, are taking the future of all Britons hostage all for the sake of their own benefit and the benefit of their criminal friends in the City. In the process the UK is a threat to the well-being and welfare of 450 million Europeans.

    This thread, somehow, needs to be neutralized. And since the UK has been proven a total obstructionist, a free-rider, a leech, parasite or whatever -- there is no other way than giving you a (semi-permanent) time-out.

    From your own article:

    Quote Originally Posted by Die Welt
    "Britain is fighting for its future in Europe more vigorously than it has in a long time. No one doubts that the tectonic plates are shifting in the Old World.
    Anyways Leffe, I'm truely dissappointed because you fail to see that this is not about some sort of nationalistic reflex -- or that I somehow am bitter that I'm Belgian?

    No -- that's just ludicrous!

    It's exactly the EU that enables a sense of equality between memberstates.

    You, Leffe, have approved your own moral bankruptcy!

    As somehow citizens of smaller memberstates aren't as worthy or meaningful as citizens of bigger memberstates?!

    Besides, everyone respects Belgium -- the same can't be said about the UK at all.
    Last edited by janpor; Nov 19 2011 at 05:46 AM.
    “The world is big enough to satisfy everyones needs, but will always be too small to satisfy everyones greed.” ~ Ghandi

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    Quote Originally Posted by raymondo View Post
    It's always fascinating to watch the Hilly Billies try to work out what is happening in the wider world .
    In the way that George Brown led the way for Global Bank Reform in 2007/8 , David Cameron is now leading Europe by telling the Eurozone to put right its own incompetence and largely through the gutless and spineless ECB which can't even set a sensible rate of money interest .
    There is a certain type of redneck that seems to resent the experience and sophistication of The Brits .
    It's a bit like simple youngsters rebelling against their wiser Dads .
    Yeah, I know you think I, for whatever reason, am somehow American. The idea alone is quite entertaining indeed, not that I think it would be a bad thing or something. However, at least I know the name of the former British PM, and it ain't George.

    The United Kingdom, and certainly not PM Cameron, isn't leading anything except in incompetence itself! His own party is rebelling against him, they've run the economy in the ground, their debt is completely unstainable, etc.

    Why is everybody, except for me, denying the obvious?!

    Jean-Claude Juncker agrees with me, or better, I with him!

    Juncker - countries like UK can't dictate to euro zone

    BERLIN - Eurogroup head Jean-Claude Juncker told a German broadcaster on Friday that heavily indebted countries like Britain should not try to dictate the bloc's response to the euro zone debt crisis.

    Juncker told Deutsche Welle euro zone-outsider Britain's debt was higher than the currency bloc's average and its budget deficit was twice as high.

    "I am in favour of dialogue, but I am against being dictated to by those who are doing worse than we are," Junker said.

    British leader David Cameron visits German Chancellor Angela Merkel on Friday to try to resolve their disagreement on how to respond to the crisis, especially on German proposals for a financial transaction tax and European Union treaty changes.
    “The world is big enough to satisfy everyones needs, but will always be too small to satisfy everyones greed.” ~ Ghandi

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