Friday, December 09, 2011

Cameron finds his Bulldog

He did it. By George, he did it.

This is not the delusional ‘game, set and match’ claimed by John Major over Maastricht: David Cameron returns to the UK from his mini-summit in Brussels with the media unanimously lauding his resolute defence of the ‘British interest’ (ie the City) from further irrevocable EU regulations to provide ‘stability’ for the eurozone. His demands were really quite modest: in exchange for the euro-17 becoming a bit ‘ever closer’ in their union, the UK should be granted permanent derogation from any financial service regulations related to the eurozone crisis.

Merkozy said ‘non/nein’. The heirs to the Empire of Charlemagne had their heart set on London: nothing less would do. And so the -ozy half of the chimera announced that Mr Cameron’s demands were ‘unacceptable’, making a full accord impossible ‘given the position of our British friends’. Conveniently ignoring the fact that the UK is not ‘isolated’, but is (presently) joined by Sweden, Hungary and the Czech Republic.

Perhaps the Swedes, Hungarians and Czechs are not Merkozy’s ‘friends’.

But this is all very interesting. The Treaty of Rome (as amended by successive treaties) does not provide for a two-tier union. It remains to be seen how the eurozone (+6) move ‘ever closer’ without impinging upon the rights of the recalcitrant members. As the Prime Minister makes clear, all the institutions of the EU – the Commission, Parliament and courts – are designed for a union of equal partners: the inner-23 may not ride roughshod over the outer-four. And yet the outer-four should not be permitted to imperil the ‘stability’ of the inner-23.

In fact, the inner core will find that their fiscal union (for that is what it is) will produce its own instability: France and Germany are simply perpetuating the euro’s fatal flaws, delaying the inevitable: Eurogeddon will surely come.

But His Grace is worried this morning about His Holiness.

Last night, C4 News announced that Pope Benedict XVI was ‘praying for the euro’. Now, C4 is impeccably concerned with the reporting of facts, and John Snow is known to be an admirer of His Holiness and great respecter of the Holy See. The source of his information is unknown, but if Mr Snow provides the nation with insight into the Pope’s prayer priorities, it must be true.

Jesus exhorted us to pray for the poor, the sick and destitute; for those who are persecuted, and those who are being lost. There is not one example of the Lord praying for the denarius, even as it was debased by successive caesars.

Of course, the debasement of Mammon leads to inflation, which increases poverty, which multiplies the poor and impoverished, which increases suffering. One wonders why John Snow didn’t simply say that the Pope was praying for the alleviation of our suffering.


Blogger john in cheshire said...

YG, I'd suggest everyone reads Richard North's EUReferendum blog for a considered and informed opinion of what is actually happening. I tend to agree with him that 'it aint over till it's over'. No cause for celebration in anything we have seen today.

9 December 2011 at 09:41  
Blogger Archbishop Cranmer said...

Mr John in Cheshire,

As His Grace quite clearly said: 'It remains to be seen how the eurozone...'

9 December 2011 at 09:46  
Blogger scottspeig said...

I'm not too sure about this. If he had returned with the agreement signed and the city protected we would be complaining that he had no balls wouldn't we??

He offered them something which would please no-one and so am grateful they said no! He should have been demanding full repatriation of some areas and if they'd said no, then veto anyway.

Hopefully this will be a wake-up call to everyone that we truly are BOO!!

9 December 2011 at 09:56  
Blogger blondpidge said...

A much more likely scenario is that the Pope is praying for all those who are going to be negatively affected by the crisis in the euro zone. I should imagine he is praying that the crisis manages to resolve itself with minimal pain for all.

9 December 2011 at 09:59  
Blogger English Pensioner said...

This is no great victory, just a defence of the status quo as I explain in my own blog
Not one single power has been repatriated, the remaining countries are continuing their discussions without us, and no doubt in due course coming up with a new treaty which one suspects our politicians will fine "acceptable" and which we must agree for fear of destroying the Euro.

9 December 2011 at 10:04  
Blogger Hereward said...

He not only vetoed their treaty change he vetoed our chance of a referendum since Parliament will not have to approve whatever the 17+ decide.

9 December 2011 at 10:17  
Blogger IanCad said...

Outer bulldog -- Inner poodle

9 December 2011 at 10:33  
Blogger Preacher said...

Dr Cranmer.
I hope this signifies a new era for England, but try as I might I hear no sound of a fat lady singing. The only Valkyrie on stage at the moment is Ms Merkell.

9 December 2011 at 10:37  
Blogger bluedog said...

Your Grace, this is fun. Your communicant is beginning to enjoy himself immensely. Of course it's game changer, despite the cries of the sceptics that nothing has changed.

The body language of the participants is illuminating. Dave looked uncomfortable as though forced into this action, very much the Reluctant Hero. The Dwarf looked seriously concerned under the veneer of anger, even though Downing Street is apparently briefing that the French want the UK out of the EU. Good.

Your communicant suspects that the intrusion of Boris Johnson into the debate was the cause of Dave's discovery of his spine. One gets the impression that Dave is genuinely rattled by Boris. Good.

But back to the main event. One can see the pattern of an new, post EU Europe emerging through the smoke and fog. It is no supprise that two member countries of the East European Visegrad Group have declined to follow the Franco-German lead. This grouping is an anti-German, anti-Russian coalition of former Warsaw Pact states that also includes Poland. It would not surprise if Poland backed out of the new Franco-German deal and drew closer to Hungary and the Czech Republic.

But the real excitement will be in France. Signs of determined euro-scepticism by les rosbifs will galvanise the euro-sceptic Right of French politics led by Marine Le Pen. There are already signs of rising anti-Boche sentiment in the French establishment and Dave the Reluctant Hero may become an unlikely pin-up boy.

Dave's move is frankly a surprise to this communicant, and one wonders if he grasps the nature of the opportunity that may open up. An appreciation of operating in unstructured situations is essential. The possibility exists that the UK can now Balkanise Europe to prevent the emergence of a dominant Franco-German bloc. To the north, the Scandinavians are clear possibilities, and to the East, the Visegrads, as described above. To the west, Ireland may seek closer ties with the UK. All good.

French public opinion will be crucial, and the political elite may shortly lose control of the agenda. Good.

Let the French hang out to dry when the embrace of the Boche suffocates Paris. The French are nothing but trouble.

And turn again for the open sea.

9 December 2011 at 10:45  
Blogger Corrigan1 said...

I wouldn't get too English about this if I were you, Cranmer. Besides the fact that Stirling is already the most debased currency in the first world thanks to QE, the 'British interests' which Cameron protected were the very people through whose, greed, stupidity and ingrained professional incompetence caused the meltdown in the first place - the City of London. Cameron is protecting their ability to do it all again in ten years time.

9 December 2011 at 11:42  
Blogger Elby the Beserk said...

Did someone mention QE?

9 December 2011 at 12:23  
Blogger Wallenstein said...

"Jon Snow" rather than "John Snow".

9 December 2011 at 12:23  
Blogger Dodo the Dude said...

Maybe the Vatican has invested in the Euro! (Just kidding).

I'm sure the subject matter of the Holy Father's private prayers are not shared with Mr Snow. Like all people of good will and those with common sense, he no doubt sees the calamity ahead for the world if the economic mess in Europe is not resolved and is seeking God's help.

We should all be praying it is resolved in ways most compatible with God's will - shouldn't we?

9 December 2011 at 13:11  
Blogger Dreadnaught said...

Cameron is right to stand up to the bloated, gluttonous beast that the EU has become. We have stood alone before and - and we can again. A thriving growth comes from hard pruning and that is what we have to do - sign up or ship out.

9 December 2011 at 13:16  
Blogger Mr Integrity said...

Your Grace,
I don't profess to fully understand all the implications to the UK of being in or out of the EURO. I do however have issues with what are still foreign nations, having a say over how we live our lives here in the UK, particularly when it come to issues of morality and freedoms. I sense that this decision is going to drive us further from the core of the EU. This could be worse for us than being either fully within or fully outside. My preference would be to take our chances outside of Europe.

9 December 2011 at 13:31  
Blogger Albert said...


The Treaty of Rome (as amended by successive treaties) does not provide for a two-tier union.

I wouldn't take too much comfort from that. The Treaty of Rome will mean and allow whatever France and Germany want it to mean and allow.

the inner core will find that their fiscal union (for that is what it is) will produce its own instability: France and Germany are simply perpetuating the euro’s fatal flaws, delaying the inevitable: Eurogeddon will surely come.

This is the key point. The Euro may survive, but only at terrific cost to the people of Europe. My guess is that either the Euro will go or the pro-European governments in Europe will go.

John Snow is known to be an admirer of His Holiness and great respecter of the Holy See.

You're being ironic, yes?

9 December 2011 at 13:32  
Blogger UKIP said...

Sorry to rain on your parade. Veto, what Veto?

9 December 2011 at 14:06  
Blogger Jon said...

Corrigan - we've been here before. The banks in the UK which failed were Scottish (with the exception of the easily manageable Northern Rock and B&B). RBS was on a mission to create an Edinburgh tax base to provide for an independent Scotland post-oil, and BoS following its absurd merger of equals with the much larger Halifax, was busy leveraging the savings of Halifax's members into disastrous commercial mortgages for its corporate clients in whom it also bought shares.

Even the Darien-esque Scottish banking system isn't the reason for the recession though (though it is the reason why English taxpayers will face higher taxes for years) - this happened when the money markets closed and credit seized up. To pretend otherwise is dishonest and lazy. Scotland is lucky the English haven't refused to pay for their latest bankruptcy - the trains from Edinburgh to London would be crammed with bankers begging for jobs!

9 December 2011 at 14:07  
Blogger Paul Twigg said...

It is the end of the EU as we know it, given that Merkosy have decided to create a club within a club. We are in effect being chucked out of the EU by the back door. Although the Germans have being using an unofficial veto on such matters as Eurobonds, QE, fiscal union (markosy are proposing a stability union, which will create more problems than they solve). Germany's actions are because her leaders think that deflation, recession and the toppling of democratically elected governments are apparently in her own national interest. Yet the French President doesn't go mad at this (France's voters are- Le Penn's party is doing quite well at present, I think).

Yet all Cameron was doing was wanting to stop a bank tax (which will hurt savers yet again), the old fashioned view that the Parliaments of nations should be the ones to hear the budger proposals of governments. All of this has left us 'isolated' in Europe apparently and the Guardian is saying the EU officials are suggesting that Britain 'will pay' for Cameron's actions- but we are not Greece, Ireland or Italy and the UK won't be bullied in such a manner.

Given the above, I think we would be better off out of the EU, rather than wasting time on such matters as getting powers back from the EU. Why not just get ALL of our powers back?

9 December 2011 at 14:32  
Blogger Berserker said...

The EUSSR accounts have not been signed off for 17 years in succession and yet the Liberals still want us to be at the 'Heart of Europe' Socialists want us to be a 'player' in the 'Euro Club'. Would a bank or public body give money to a Company which the auditors could not sign off?

We are probably now, or soon will be, the third largest contributors to the EU after Germany and France. I am assuming that Spain and Italy who used to be before us can no longer maintain their third and fourth place. Maybe Poland now have that honour. So all this talk of making us 'pay' is hogwash. The EU are desperate for us to remain. Does PM Cameron realise this? And you can bet that we willl soon get our rebate tampered with again.

What do we get for our £50 million + a da

9 December 2011 at 16:09  
Blogger Zoompad said...

I think Ratsinger should be going round in sackcloth and ashes, along with all his merry men, repenting for all the vile things they have done to children. What an arrogant lot of snakes they all are! How dare they live in big guilded palaces when some of their victims are hard pushed even to have a cardboard box to cover them at night!

9 December 2011 at 16:19  
Blogger ENGLISHMAN said...

After so many lies,so many treasons,why would any rational person extend any credibility to the boy at all,for quite clearly the boy is not on our side,he is an aster/bilderburg/pilgrim stooge,for who else would go to extreme lengths to deny the English people a say on thier future,as is thier democratic right,meanwhile the bos is in reciept of large funds from the american fedfor reasons known only to sotero.

9 December 2011 at 16:20  
Blogger Albert said...

Last night, C4 News announced that Pope Benedict XVI was ‘praying for the euro’.

Now that the text has been published, unsurprisingly, it seems that the Pope said no such thing. Yesterday in the Catholic Church and the CofE was a Feast of the Blessed Virgin Mary. So the Holy Father said,

Therefore the People of God, as pilgrims throughout time, turn to their celestial Mother and seek Her help; they ask that She might accompany them on their path of faith, that She might encourage them in their commitment to Christian life and sustain their hopes. We need this support, especially in this difficult moment for Italy, for Europe, and for many parts of the world.

No mention of the Euro there, in fact, I would have thought the only thing anyone would object to, would be the Marian theology (not that I would, of course).

9 December 2011 at 17:19  
Blogger Gnostic said...

He did it. By George, he did it.

Uh, no he didn't. You have been taken in by the media spin and hype, Your Grace.

9 December 2011 at 17:34  
Blogger Anglican said...

"with the media unanimously lauding his resolute defence of the ‘British interest’"

No. The BBC didn't. Surprise!

We are right to hope the Eurozone will not implode soon - it would be catastrophic for the British economy - but it is very unlikely to last for long. Then the European countries can perhaps return to democracy.

But the banks have to be brought under control, otherwise they will bring about the same disaster again; they appear to have learned nothing and still award their executives with immense bonuses. Why some (or many) of them are not in jail passes comprehension.

9 December 2011 at 17:51  
Blogger Office of Inspector General said...

Your Grace
Can we find any good news in all of this. The Inspector believes we can. For fifty years this EU project to create a united states of Europe has relied on subterfuge to grow. It’s only in the last few years that the leaves have turned yellow and we can see the hitherto ‘trading group’ for what it is. There can’t be soul in Europe of average intelligence who doesn’t know what’s going on. And now it’s dying…

Enter the US of Europe proper. And this time there’s only one course of action left, and that is Honesty. Will Germany and France politically unite – best put it to their people. Will the smaller EU states want to come in - maybe, but remember, up till now they were only in it for what they could get out of it. Maybe they will baulk at giving up their independence, or maybe like Greece, they can’t afford not to.

Will the UK go in. Well, with a little bit of luck, we just might be able to maintain our own little United States - of Britain. But part of the US of Europe ? There never was a realistic chance, now was there…

9 December 2011 at 18:19  
Blogger len said...

Well Dave has put his foot down.At least that`s a start!.

9 December 2011 at 19:41  
Blogger bluedog said...

Mr Jon @ 14.07, absolutely correct. If the former senior executives of RBS were not exempt from attendance at the current enquiry we would possibly learn a great deal more about this Scottish banking conspiracy. In particular, what was the true role of that true Scotsman Gordon Brown?

9 December 2011 at 21:10  
Blogger Alison Bailey Castellina said...

I'm reading about the motherless infant whom Your Grace nurtured, before being consigned to the flames who became, in good time, Gloriana. Amazingly, during Elizabeth 1st's reign, Europe's continental nations all, at one time or another, went bankrupt, but England never into bankruptcy because a) Elizabeth did not build huge palaces like her father b) she ran things on a tight rein (austerity?) and c) she avoided all wars, on the grounds of their expense. She spent every Christmas Day in prayer, appropriately, no doubt for her soul. But who can doubt that she also prayed for friendless little England not to go bust, in the New Year?

9 December 2011 at 21:45  
Blogger English Viking said...

This comment has been removed by the author.

9 December 2011 at 22:32  
Blogger DanJ0 said...

Viking: "Anyone that thinks that Cameron is not simply obeying his Banker Paymasters is obviously mentally disturbed."

The City contributes a significant amount in terms of GDP and tax revenue to UK Plc and we very much need that at the moment. The Coalition needs that too. Relative to the rest of Europe, our proportion of the industry is very large. They may be his paymasters (though I doubt he really needs them, unlike one Tony Blair did) but there's other reasons for refusing Merkozy, or rather Sarkozy, on this.

10 December 2011 at 00:02  
Blogger Manfarang said...

"this little England"
Thomas Hooker
5th November 1626

10 December 2011 at 02:48  
Blogger Larks Tongues in Aspic said...

There's the suspicion that Dave is merely helping out his city friends and propping up a broken system, but part of me says "hooray, and balls to the Merkozy".

Nice new mobile version of the site, YG.

10 December 2011 at 07:01  
Blogger DanJ0 said...

^ Ditto about the mobile version. Excellent.

10 December 2011 at 07:33  
Blogger Larks Tongues in Aspic said...

Swiping touch screen l>r and r>l moves between posts. Really very good.

10 December 2011 at 08:02  
Blogger G. Tingey said...

When an almost rabidly pro-EU like Heseltine says (as he did on Radio_4 this morning): "Actually, Mr Cameron had no choice" - then life appears to be interesting.

10 December 2011 at 09:45  
Blogger Oswin said...

G.Tingey: for once we agree; yes, it was a most telling remark!

Ironic it might be, but as DanJo points out @ 00:02 - financial servises ARE our major industry; and yes, as he adds, there are indeed ''other reasons...on this''

Whatever the 'other reasons' (and I'm not at all sure what they are) they are the reason why Cameron 'telegraphed his punch' before the event.

My guess is, that in part, it's an attempt to buy time, but why, and for what, I haven't yet figured.

It may be, that Cameron is waiting for the 'market' to decide it's own path, and/or collapse, as is sure to happen within the bond market.

Further, his actions might just be a decidedly 'piratical' signal to floating investors and 'escapees' to seek safe-harbour. Germany alone, cannot sustain the debt of the entire Eurozone. Indeed, it is doubtful that it can be sustained by any combination of national banks within the Eurozone.

Thus, Cameron's flag waving might be something more than mere arse-saving jingoism, designed to placate his own backbenchers. At least, I hope it is, for all our sakes.

At present, it looks like the biggest ever, game of spillikins. Does Cameron have a steady hand???

10 December 2011 at 15:39  
Blogger Oswin said...

I forgot to add: the EU is not only angry at our actions, but likely to take some aggrresive fiscal action against us, covertly or otherwise. They want what we have, and now more than ever before. That much is obvious.

error above: 'sevices' and not ''servises'' grrr.

10 December 2011 at 15:51  
Blogger DanJ0 said...

I wasn't really trying to be cryptic. I suppose he was hoping to get safeguards for the UK against a Tobin Tax or other non-global regulation and subsequently failed to do that. I don't know if Sarcozy called his bluff or he called their bluff but I'm not sure the current situation is the one that Cameron hoped for. I don't really know what the EU can currently do through its institutions to regulate the City. I'm guessing the proposed treaty would have made it easier anyway.

10 December 2011 at 17:07  
Blogger IanCad said...

YG; Re. Civil War,

General Dempsey, chief huckster for the F-35 JSF can see his bonus slipping away. This obsolete piece of junk illustrates all that is wrong with the US military budget.
Wasteful, institutionalised and wholly political.

10 December 2011 at 18:08  
Blogger IanCad said...

Sorry YG, wrong thread. Should have gone under "Croatia".

10 December 2011 at 18:14  
Blogger Oswin said...

Apropos Clegg's recent bleatings of 'disapointment' - why? What did he expect? Is he suggesting that he was unaware of Cameron's intention, when Cameron had told everyone beforehand? Or is he disappointed at the reaction of the summit; had he not considered their probable decision? What exactly, is the man saying?

11 December 2011 at 16:45  
Blogger non mouse said...

Your Grace: as ever, your communicant admires the prophetic powers of WS (via Gaunt). Here they are indeed applicable both to the euSSR and to Chubby Cheeks:

His rash fierce blaze of riot cannot last,
For violent fires soon burn out themselves;
Small showers last long, but sudden storms are short;
He tires betimes that spurs too fast betimes;
With eager feeding food doth choke the feeder:
Light vanity, insatiate cormorant,
Consuming means, soon preys upon itself. . . .

As Gaunt also told us:
This precious stone set in the silver sea,
Which serves it in the office of a wall,
Or as a moat defensive to a house,
Against the envy of less happier lands,
This blessed plot, this earth, this realm, this England. . .
. . .this dear dear land,
Dear for her reputation through the world,
Is now leased out, I die pronouncing it,
Like to a tenement or pelting farm:
England, bound in with the triumphant sea
Whose rocky shore beats back the envious siege
Of watery Neptune, is now bound in with shame,
With inky blots and rotten parchment bonds:
That England, that was wont to conquer others,
Hath made a shameful conquest of itself. (Gaunt, Richard II. II:i 33-39; 46-50...57-66).
Which brings me to the papaseato's prayers for his vested interests - I still think we have a right to know why those nasty bits of parchment are sitting in Rome (and why we can't retrieve and destroy them).

11 December 2011 at 19:45  
Blogger non mouse said...

Oswin @ 16:45 ... I can never forget that Clegg is not really British: far too much Ruskie, German, Dutch and Spanish at work there. And that's ignoring his allegiances to brusells (?sp). Should he be genuinely disappointed in anything, it must be good for us :)

11 December 2011 at 19:53  
Blogger bluedog said...

Oswin @ non mouse, if Mr Clegg is embarrassed by being British there are other options available to him. Spanish property prices have collapsed and one imagines that there are bargins galore for the well-informed and astute. With a Spanish wife and a suitable estancia to provide a residency qualification it would be churlish indeed if the Spanish government did not grant citizenship to Senor Don Nicholas Clegg. After all, the little Cleggs all have Spanish Christian names and they would feel much more at home somewhere in Castille.

If this doesn't work, there is always Holland. A bit right-wing these days, though.

11 December 2011 at 23:21  
Blogger G. Tingey said...

The City of London has overthrown three rulers of this country - and now seems set to start on Europe.
( Charles I, Robt.Cromwell, James II )

12 December 2011 at 09:40  
Blogger DanJ0 said...

I see the Telegraph has an article which is along the lines of what I was suggesting earlier.

12 December 2011 at 18:31  
Blogger Oswin said...

I've heard, from a friend, whose son is a City analysist, that Clegg's maunderings have unsetled the market. Although hesitant, the markets were quietly cheered by Britain's 'cockiness' - that is, until Clegg's bleatings, together with his absence from Parliament today, suggested a Government rift. Following which, the markets fell, somewhat against us.

The last thing we need at such a time, is some sulking muppet spitting out his dummy!

13 December 2011 at 02:02  
Blogger Oswin said...

'analyst' even.... :o(

13 December 2011 at 16:42  

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