Euro Area

[Furunculus]

bagehot (the old europhile charlamagne) has just come out with this corker:

"I think that a big part of the problem of Britain's relationship with Europe is that we genuinely are different. To simplify, as I said on the BBC this morning, I think that to some extent what happened on Thursday night was the logical end-point of a relationship based on distrust. Successive British governments have believed that on balance membership of the EU is in their interests (or is worse than non-membership). But because we are different (and because we take a common law as opposed to Napoleonic view of regulation, favouring a world in which everything is allowed unless it is expressly prohibited), we seek at every turn to pin down every detail of new rules or schemes being proposed, in case some of it turns out to be harmful. What was on the table on Thursday night was not clear in all its details when it came to the implications for the single market, so it was genuinely a tricky document for Mr Cameron."

http://www.economist.com/blogs/bageh...itain-and-eu-2

and remember, he's a europhile!

[gaelic cowboy]

bagehot (the old europhile charlamagne) has just come out with this corker:



http://www.economist.com/blogs/bageh...itain-and-eu-2

and remember, he's a europhile!

Excellant observation and entirely correct in my view, all the news media want to know is the nitty gritty of the deal which apparently does not exist yet so we have apparent;ly agreed to something but we dont know or are not allowed to know yet what it is.

Unfortunately they can agree among themselves all they want they still have to get it past the voter here so it's all academic really.

I still for the life of me cannot figure out why they wont just accept the need take losses or failing that to extend the terms of the loans etc etc.

How can these people think that the voter will accept this stupid plan with no detail and no apparent real need for it either.