Desperation

The EU is in a very desperate and parlous state. Over the past couple of years the world has watched as politicians within Europe try to sort out the disaster that is the euro. France and Germany are going to meet yet again for a summit on January 9. President Nicolas Sarkozy and Chancellor Angela Merkel are meeting up so regularly now they may as well move into together. If anyone was under any illusion that the EU is about twenty seven members making decisions together, this highlights that it is not, the other member states do not have a say, whatever Germany and France say (particularly Germany) goes.

Greece is about to run out of money again, Spain is set to miss their debt target and the European Central Bank (ECB) continues to buy Greek, Italian, Portuguese, Spanish and Irish bonds because no one in their right will buy them.

The thing that bothers me about all this is the ECB does not have money of its own, it is European tax payers money that funds the ECB. So the European tax payer hands billions to the Greeks who then hand it to the banks to pay off their debts, so who is really benefiting, the bankers of course.

The whole thing is such a mess and EU politicians do not want to admit that the only way out of this mess is if the Greeks, Italians, Spanish etc left the euro. They are so desperate for them to stay in they will destroy the lives of millions of people to keep their dream alive.

The French and Germans will do anything to keep the euro going, France's Europe Minister has revealed that a Financial Transaction Tax will be in place by the end of the year. The proposal for the levy would incur huge and disproportionate costs on the City of London.

France's Europe Minister, Jean Leonetti, announced on French TV that the tax would be in place by the end of 2012. According to Leonotti, France and Germany were in agreement and all bar two countries were against this tax. It is no surprise that the only other country apart from Britain which is unhappy with the Franco-German proposal is Sweden. After all they are the only country to have introduced an FTT. This is what their Finance Minister, Anders Borg had to say on the subject in September: 'When Sweden began taxing financial transactions in the 1980s, between 90%-99% of traders in bonds, equities and derivatives moved out of Stockholm to London. The impact was basically that we did not get any tax revenue. It brought in very little tax money while moving most of the businesses outside of Sweden'.

This sums up these people and their desperation to take money from wherever they can, they will potentially destroy the City of London and put tens of thousands out of work to keep this idiotic dream alive. THEY DO NO CARE, they only care about their dream of a united Europe. Isn't it obvious that it just is not working! Isn't it obvious that this dream is destroying Europe!

Now you would think that David Cameron and George Osborne would be shouting and saying no to this tax, not a murmur! Imagine if Britain put forward a proposal to tax the German car industry out of existence, or the French wine industry to this degree, do you thing the Germans and French would let it happen? OF COURSE THEY WOULDN'T!!!!!! Our dear BRITISH PRIME MINISTER, who is supposed to represent BRITISH interests is going to turn over and let the Germans and French shaft Britain and make us pay for their inhumane, morally and financially bankrupt dream.

If you thought that David Cameron had at last stood up for British interests when he supposedly vetoed the French proposal to destroy the city of London, don't be too sure, he did nothing! As you can see the French and Germans are going to push ahead anyway.

You may have noticed that I am little angry about this. The financial sector is the most important industry in Britain, it employs 2 million people, not just in London but 150,000 in Birmingham and 200,000 in Scotland. It contributes 12 per cent to our GDP, which last year was £62 billion. The French have used the excuse that it was the bankers who got the world into this financial mess so they should be taxed and regulated. There may be some truth in this, but this tax has nothing to do with altruism and righting a wrong, it is about envy, pure and simple.

The French have been wanting an excuse to destroy the City of London for years and now they have it. If you think this tax will benefit the people of Europe, not a chance. These businesses will leave Europe, and even if they stayed and were happy to be taxed out of existence the money will just go to pay off the debt that is accumulating in Greece, Spain, Italy, etc, which they will hand straight to the banks who will then pocket the money. So it will go from one bank to another, and the only people who will benefit are bankers.

The whole mess in the worlds financial markets happened for a number of reasons, not just bankers greed. The mess in the euro is purely and simply down to politicians; the euro was never going to work but the EU's dream of complete political union overruled any of this and now we are paying the consequences of this folly.