How "Europe" is stealing the savings of the poorest and stupidest in its society

If one had thought the EU stood for anything, then surely it would be to protect those least well equipped to care for themselves. My view is that this is best achieved by giving the brightest the best opportunities to utilise and profit from their individual talents. I always knew the latter was a forlorn hope but today it appears the very opposite of the former is being applied by the EU, perhaps through the ECB, on the poorest of its citizens in Spain.

The evidence of the huge operation to steal the savings and few remaining private citizen assets of the Spanish people is everywhere across the internet so may not be denied.

The ultimate culprits are the 27 Heads of State of the member states who will wine and dine together in the European Council between now and the weekend. Collectively the lowest vermin that Europe has perhaps ever produced, gathered together in one place, during most of our lifetimes.

Here is the proof from a report by Reuters, published yesterday, and linked here, from which the following quote is the most pertinent passage:

Many of the banks which issued these products swapped them for shares and bonds. The main state-owned banks such as NGB did not. NGB has apologized and some banks have offered compensation for the worst cases. But now the banks are negotiating with Europe for capital as part of an international bailout, the terms of which will include inflicting a loss on people who in many cases handed over their life-savings.

Note how the term "Europe" has here been used to describe the odious EU, ECB and Euro Group collectively, the three structures which have presently sunk beneath that which should normally be attainable by any functioning moral human being!

Europe, all of us, are here accused of arm-twisting small Spanish savers to convert their savings into bank preference shares, not just in the apparently criminally run Bankia, but also in State owned banks such as NGB,  then Europe (ie all of us collectively,) is compelling such state banks, who so far lacked the balls (or had sufficient conscience to refrain from such theft) to steal that money, in amounts which have to be comparatively insignicant, given the massive manipulation of trillions of Euros in the complicated con-trick EU leaders have been playing with our money for decades!

Background and proof of all this is not just available from my blog, eg here, but Reuters earlier described the dreadful confidence trick played on Spanish small savings account investors in a detailed report at the end of last July, linked here.

More on the mis-selling of bank preference shares, this time from Canada, also of last July is linked here.

So what are the unprincipled, despicable and desperate scumbags who will sit around the table at the European Council in the next few days going to do to stop these obscene practises; all being undertaken in the names of all we Europeans, merely to breathe a few more moments of life into the sick and ever doomed project that is EMU, better signified by its now deeply sickening emblem - the euro currency.

EU leaders' informal dinner, fed them, but achieved nothing else!

Two views from far apart across the globe - Seattle here and Dublin here, convey the same sense of hopelessness and despair that all must feel when viewing the pathetic performance of those who presently purport to lead Europe.

Their removal now seems the sole sane solution, surely the majority will soon take that view? Some quotes:

...leaders concluded their latest summit with few concrete steps to fix the continent's festering financial crisis even as the potential for a messy Greek exit from the euro appears to be rising.

§§§§§

...LEADERS sought to advance a new plan to stimulate economic growth as Germany and France laid out opposing strategies to tackle the debt crisis, raising fresh questions about Europe’s ability to overcome the debacle.

Czech Republic drops out of Non-EU Treaty/Fiscal Compact

So after five drafts with many more to go, the twenty-seven are now down to twenty-five and the terms get ever weaker.

When the Treaty has no meat nor enforcement powers at all, I wonder if there will still be 12 Euro Group survivors left to bring it into force.

The fact that it has absolutely no relevance whatsoever to the crisis facing Europe as evidenced in Greece, Portugal and Hungary, seems not to have occurred to the EU Council attendees nor their absurd President Van Rompuy at all.

The entire world must either be bemused, in hysterics or scared witless for their own economies!

Nothing on Monday EU Summit agenda addresses Euro Crisis

Here is the published agenda for tomorrow:

January 30 - Summit of EU heads of state and government in Brussels, expected to discuss "fiscal compact" on tighter budgetary controls and other measures to deal with the sovereign debt crisis in Europe, including the euro zone's European Stability Mechanism (ESM) permanent bailout fund. Also to discuss ways to boost growth and jobs in the European Union.

Linked here is a thoughtful article by David McHugh which appeared in various publications across the USA yesterday, titled "Deficit focus questioned as answer to euro  crisis". Reading it and considering the implications one must despair over what the EU's leaders will spend their time discussing tomorrow!

EU Council reported underway

A report from European Voice is probably about the best we can expect this evening, so I quote the main thrust, provide this link and will review other news tomorrow.

Herman Van Rompuy, the president of the European Council, will present a report on ways to boost economic discipline in the eurozone, including changes to the existing treaties, to EU leaders at an informal dinner this evening.

The report was drafted by Van Rompuy, José Manuel Barroso, the president of the European Commission, and Jean-Claude Juncker, Luxembourg's prime minister who also chairs meetings of the Eurogroup of eurozone finance ministers.

The report calls for a staggered approach to treaty change. Van Rompuy says that one relatively quick way to bring in tougher rules would be by amending a protocol attached to the treaties. The amendment would introduce an obligation for eurozone member states to balance their budgets. Van Rompuy argues that changing the protocol would not need a lengthy ratification process in national parliaments but could be done by a unanimous decision of the European Council.

The report also includes treaty changes that would require ratification, which could take 18 months. These include measures to give the Commission the power to order countries that fail to respect debt and deficit rules to revise their budgets.

Tory questions of yesterday to a weak-willed PM

Andrew Rosindell (Romford (Con): The British people want to see two things from this week’s European summit: first, a resolute and uncompromising defence of Britain’s national interests; and, secondly, an end to the disastrous crisis of the euro—a currency that the Labour party still want us to join. Will the Prime Minister do Britain proud on Friday and show some bulldog spirit in Brussels?

Mr Andrew Tyrie (Chichester) (Con): There is a wide spectrum of views on Europe throughout the House. [Interruption.] One can sense that even from the response to my remark. Will the Prime Minister take to the European Council the straightforward message that the one thing most likely to unite the House of Commons would be the perception of a calculated assault from Brussels—not even in its own interests—on the well-being of the UK financial services industry, and on the 1.3 million people in all our constituencies who work in it?

Steve Baker (Wycombe) (Con): Does my right hon. Friend agree that it is time for this country to lead Europe into the hope and potential of a new post-bureaucratic age?

Mark Pritchard (The Wrekin) (Con): May I offer the Prime Minister my full support as he promises to stand up for the British national interest at the EU summit on Friday? Is it not the case, however, that Europe and the eurozone will be saved not by bail-out after bail-out of the eurozone but by making Europe more competitive, reducing its high unit costs and cutting regulation and red tape on business?

Mr John Baron (Basildon and Billericay) (Con): Our history of repatriating powers from the European Union is not a happy one. May I therefore suggest a fundamental renegotiation of our relationship with the EU based on free trade, growth and competitiveness, which other countries enjoy, not on political union and dead-weight regulation? This EU summit is a defining moment—a once-in-a-lifetime opportunity. Will the Prime Minister seize the moment?

Mr Pat McFadden (Wolverhampton South East) (Lab): Last year the Prime Minister’s manifesto promised to repatriate legal rights, criminal justice, and employment and social legislation. His article in The Times this morning is silent on all those issues, and the Justice Secretary has said that this agenda is not realistic anyway. Does the Prime Minister regret leading his party up the garden path and forcing himself into a choice between ditching his manifesto and potentially vetoing a treaty that may be essential to avoid huge damage to the UK economy?

Mr Andrew Turner (Isle of Wight) (Con): Does the Prime Minister agree that in exchange for supporting the euro countries in dealing with their crisis, we should be seeking changes in the law of immigration, employment and fishing rights, in order to support our economy?

Fiona Bruce (Congleton) (Con): Small and medium-sized enterprises are the engine of the economy in my constituency and will play a very important part in our economic recovery. Will the Prime Minister acknowledge that a key factor in achieving growth, as well as in resolving the eurozone crisis, is to take action in Britain’s interests to tackle and reduce the huge regulatory burdens on small companies, so many of which come from Europe?

Sir Peter Tapsell (Louth and Horncastle) (Con): May I hark back a month to 7 November, when, as is recorded at column 28 of that day’s Hansard, I put three suggestions to my right hon. Friend for containing the euro crisis, with which he appeared to agree? None of
7 Dec 2011 : Column 303

them, as he will have noticed, has been acted upon by the European Central Bank, so may I now express to him my belief that the alternative policy of a fiscal union will, as my hon. Friend the Member for New Forest East (Dr Lewis) has just said, pose a great threat to the liberty of Europe, because it would inevitably make Germany still more dominant? Can the Germans be persuaded to study the reason for the Boston tea party? “No taxation without representation” is the bastion of freedom.

The Prime Minister's non-answers may be found on this link.  His usual non-performance on matters connected with the EU will be seen during the coming EU Council meeting of the next day or so and the aftermath thereafter!

Von Rompuy to Govern the Non-Euro, EU Members

The summary from EurActiv of yesterday's meeting, makes clear that the EU as originall envisaged for what has become 27 member states, is now at an end. In future it will be 17 euro members, and ten othere, see this link, from which I quote:

Part of this deal granted European Council President Herman Van Rompuy a key role in mediating between the eurozone and non-eurozone member states.

The conclusions stipulate that presidents of the eurozone countries must always be appointed at the same time and for the same terms as Presidents of the European Council. Pending the next such election, the Council said Van Rompuy should perform this role, "keeping non Eurozone member states closely informed" of Eurozone summit preparations.

Van Rompuy was also charged with 'exploring the possibilities' of treaty change.

The provisions were part of a compromise to satisfy David Cameron and other non-eurozone member countries that they would not be ostracised by any further hardening of the eurozone that results from treaty change.

Council officials briefed EurActiv, however, that the deal also substantially bolstered the position of the Council and of Van Rompuy, effectively placing him in the key role of mediator between the two EU member state groupings, and charging him with the crucial role of pathfinding the treaty change.

Cure-All Sunday EU Council meeting deferred until Wednesday

Can't agree or cannot agree, the French and German guiding lights behind the Euro Group of countries, have at least decided they will not agree by Sunday and have surprisingly agreed to issue a jointly agreed statement as follows:

....that Nicolas Sarkozy and Angela Merkel would meet to discuss their "ambitious and comprehensive response" to the crisis ahead of the European Council summit on Sunday.

But in a tacit admission of the gulf between them, the statement added that resolutions would be "finally adopted" at a "second meeting no later than Wednesday".

The report in the newspaper from which that quote was taken, linked here, thereafter continued:

But in a tacit admission of the gulf between them, the statement added that resolutions would be "finally adopted" at a "second meeting no later than Wednesday".
Insiders said the weekend's summit of European leaders came close to being cancelled altogether, with the French president Mr Sarkozy having to beg German Chancellor Mrs Merkel not to pull the plug during frantic telephone calls.

Only one choice for EU Leaders Today and Tomorrow.

Forget the nonsense put out by Commission President Barroso in his agenda ahead of today's meeting. There is only one item that should properly be discussed at the EU Council scheduled for today and tomorrow, which should be allowed to run into the weekend and even on to next week if necessary.



The strong economies mainly in the north can either abandon or permanently subsidise the countries in economic difficulties to the south and west.

The voters of the triple AAA credit rated countries will have to be consulted before taking on such onerous, long term commitments. The leaders of these countries must decide on the terms of how such transfers can be accomplished and thereafter put these to their voters in a referendum. The leaders of the countries presently in, or nearing financial disaster, must similarly consult their voters in a referendum as to whether they wish to hand their governance to foreigners.

Britain must finally choose between a return to independence or submission to and submergence into Europe. Certain countries to the East must make a similar choice.

The completely delusional universe of EU Leaders

The bumbling explanation of the EU leadership's views on the Portugal crisis, as offered by the blathering dimwit Robert Peston, the BBC's Business Correspondent, on their Radio Four Today prgramme this morning at 0713, is a classic of its gendre and will be linked here for your listening amusment when the audio link is up. Listen now!

Meantime, having agreed a future package which will come into effect in 2013, blithely assuming that the entire structure is not actually collapsing around their ears and eyes, while hearing and seeing nothing, agreement on present arrangements was deferred until June to satisfy the Finns and leave them to elect a Government that will accept no further financial obligations, and the Germans to continue their support for Chancellor Merkel's party for the rest of this month's local elections. Fat chance!

According to potty Peston the ECB will have to handle the bankruptcy of Portugal in negotiations with a non-existing government during the next two months. Commission President Barroso meanwhile can see through the fog, smoke mist and double speak to stoutly declare the following, as reported by EU Observer, linked here:

European Commission President Jose Manuel Barroso, himself a former centre-right leader in the debt-ridden southern state, insisted the country would push ahead with plans to get its budget on track.

"He [Socrates] made it clear that ... whatever will be the next government, all the commitments in terms of the fiscal targets will be respected," Barroso told journalists.

"We expressed confidence in the capacity of Portugal to overcome the current situation and also its capacity to find the funding it may need in the months to come."

So that's all right then! But one question does remain, who will eventually pay off all the bad debts the ECB is accruing?

Finland threatens upgrade of EFS! Euro trembles - Major Banking defaults loom!

The following report comes from Finfacts Ireland, linked here:

It's reported from Berlin that Chancellor Merkel plans to propose that Germany €22bn contributions to the new €500bn rescue fund be stretched over five years rather than four as  agreed two weeks ago.

Meanwhile Finland has dissolved its parliament and will hold a general election on April 17 and is unable to make any decisions on the bailout fund. The right-wing True Finns party, which opposes measures to help embattles countries of the single currency area is expected to do well.

In the Irish Times, further explanation, linked here, on the existing bail out scheme the EFSF, points out:

The EFSF is backed by €440 billion worth of guarantees from euro zone countries but its lending power is limited to €250 billion as a condition of the triple-A credit rating it relies on to secure favourable borrowing rates. This is because only six of the 17 euro zone countries – including Germany and Finland – are beneficiaries of AAA rating.

EU leaders want to increase its lending capacity to €440 billion as part of a new “grand bargain” for the euro zone and most of them, particularly the triple-A countries, agree this should be done by increasing the fund’s guarantees.

But Finland’s centre-right government, under pressure as support rapidly grows for the Eurosceptic True Finns, has refused to increase its guarantees and is not expected to agree an increase at this summit.

Questions of legality for the EU Council for today and tomorrow.

1. Have the Parliamentary procedures followed by Cameron to gain consent to EU Trety changes any legality. (The curious procedures in the Commons and the Lords have lacked consistency and coherence and leave this observer clearly of the opinion that they do not!)

2. Can the EU Council proceed, given that the Government of one of its member states (Portugal) fell last evening and that another (Belgium) has been operating without any democratic legitimacy for months.

3. The Lisbon Treaty, from which come the passarelle provisions, now planned to be used to impose non-democratic economic governance across the European Continent, was rejected by the voters of France and Holland in national referenda, was shamefully re-run in a referendum in Ireland and was implemented by constitutional mal-practice in the UK, in defiance of a clear commitment by the three main political parties at a general election to hold a subsequent referendum on that treaty!

A "Surreal" EU Summit - according to most recent Belgian PM

The Wall Street Jornal reporting on Friday's Brussels meeting, linked here, has this quote:

"There were 18, 19 countries who spoke up to make known their regret on the way it was presented and also on the content," said Yves Leterme, the Belgian prime minister. "It was truly a surreal summit."

A later update has this even more interesting remark, German Chancellor Angela Merkel, read here:

“We are not intending to transfer power to the EU,” she said. “It’s about cooperation among the individual governments.” The idea was, she repeated, for “an inter-governmental agreement without a transfer of power.”

So much for the useless EU Commission, the non-legislation empowered EU Parliament and the over legislating EU Justice pillars then! 

(Suggested extra reading Mary Ellen Synon from the Mail with comments, from here) 

My Precious - Van Rompuy's Quest for EU Economic Governance

Does the above perhaps remind you of somebody? A suggestion: No Halloween costume really required for EU Council President Herman Van Rompuy, who now prepares to completely neuter 26 sovereign parliaments and their entirely bought-off but presently elected members! The first video above comes from Halloween evening 2010! Germany's Bundestag will of course rule supreme if this initiative proceeds, but why should it not if all others choose so to sell their own indepenence? This blog will continue to cover this disgusting spectacle, as it can and as it slowly unfolds. (Coming soon the German Chancellor surveys her new English Country Residence as spineless Cameron, Britain's PM sells out the nation and proclaims it a triumph in Parliament).

Secret Pan-European Governance in action!

The Conclusions of yesterday's European Council at which Britain's Prime Minister surrendered to what is now clearly totalitarianism may be read here. I will restrict myself to pointing out the following clear pieces of nonsense and secretiveness: 1. The European Council today has finalised the European Union's new strategy for jobs and smart, sustainable and inclusive growth. The strategy will help Europe recover from the crisis and come out stronger, both internally and at the international level, by boosting competitiveness, productivity, growth potential, social cohesion and economic convergence. 10. The European Council welcomes the progress report of the President of the Task Force on economic governance and agrees on a first set of orientations. 15. In particular, the European Council: a) calls on the Council and the European Parliament to rapidly adopt the legislative proposals on financial supervision to ensure that the European Systemic Risk Board and the three European Supervisory Authorities can begin working from the beginning of 2011; 16. The European Council agrees that Member States should introduce systems of levies and taxes on financial institutions to ensure fair burden-sharing and to set incentives to contain systemic risk.1 Such levies or taxes should be part of a credible resolution framework. Further work is urgently required on their main features and issues of level playing field and cumulative impacts of various regulatory measures should be carefully assessed. The European Council invites the Council and the Commission to take this work forward and report back in October 2010. 1 The Czech Republic reserves its right not to introduce these measures. I have posted on Teetering Tories my views on the clear treachery of David Cameron in attending and agreeing these conclusions;

Libertas launched across the EU and Council conclusion

The European Voice summarises the conclusions here and the extremely woolly and vague announcement from Libertas from UPI is here. I will discuss both in more detail when such is available.

Final French EU Council Meeting of this Presidency

The outlook is fairly bleak for any agreement as reflected in this english language report from France 24, linked here. Those of us who believe the last thing the EU now needs is more EU action should not however be too complacent, it was against much expectancy of failure that President Chirac won the Nice Treaty, under which the economies of Europe are being strangled and suffocated to this day. The climate pact is where the greatest economic danger now lies, further steps to reduce the EU nation's competitiveness against today's stark reality of an oncoming depression will be very much in line with the EU progress to date in the suppression of democracy and groundwork for a pan-European totalitarian state. The coming Czech Presidency under the clear-thinking eu-realist President Klaus offers only a small glimmer of hope, no doubt suppressing such faint optimism will be the most likely outcome from this week's meeting. The already drafted minutes are circulating (only blank in so far as the Lisbon Treaty discussions are concerned so far as I can gather) and will be available from here when I have traced them.

Speaker's statement on possible intercepts of MP e-mails and the pointless EU Council debate

I blogged on possible e-mail intercepts yesterday, the Speaker's statement from Hansard is as follows:

3.31 pm

Mr. Speaker: I undertook to look into the matter of the Wilson doctrine and access to the House of Commons server, which was raised by the hon. Member for Newbury (Mr. Benyon) on 4 December. The Parliamentary Information and Communications Technology service takes the security of its systems very seriously, and is grateful for the support that the Joint Committee on Security, the Administration Committee and the Commission give in that respect. PICT would not allow any third party to access the parliamentary network without proper authority. In the Commons, such access previously required the approval of the Serjeant at Arms. Following my statement on 3 December, if PICT receives any requests to allow access in future, it will also seek confirmation that a warrant exists and that I have approved such access under the procedure laid down and the protocol issued yesterday.

With regard to the incident involving the hon. Member for Ashford (Damian Green), no access was given to data held on the server, as PICT was not instructed to do so by the Serjeant at Arms. No access will be given unless a warrant exists and I approve such access.

An update on Mr Benyon's blog following this statement was as follows:

UPDATE - 15:51 pm

The Speaker has reassured us that the server was not acessed and would not be without an appropriate warrant. This is obviously good news and contradicts the rumours that have been flying around here in recent days. One colleague was given the clear understanding by a Met Officer that the server had been accessed.

Personally, were I a member of the public who had been in contact with an MP about a perceived abuse of authority, this statement would comfort me not one jot. Of course as I consider the vast majority of MP to be a bunch of worthless maggots solely serving their own self-interests the last step I would take when concerned about abuse of power would be to refer the matter to them!

Highlighting this sidelining and trashing of Britain's Parliament there followed a supposed debate on European Affairs ahead of the EU Council Meeting later in the week. Read the following point of order and fret at the hopelessness for Britain's democracy: Mr. David Heathcoat-Amory (Wells) (Con): On a point of order, Mr. Speaker. We are about to debate European matters preparatory to the European Council meeting, which is to be held at the end of the week. Draft conclusions of that Council meeting are already in existence; I obtained a copy from the website of the Danish Parliament. The Secretary of State for Foreign and Commonwealth Affairs will undoubtedly refer to issues itemised in those conclusions, which have not been made available to the House, although they have been made available to other member states, where the same culture of secrecy does not prevail. Is it in order for us to proceed with a debate on those terms, given that I have the draft conclusions? I could easily circulate them, under your authority, Mr. Speaker. Mr. Speaker: I would not want the right hon. Gentleman to draw me into any arguments; I think that I have had enough for this week.