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UK and Germany agree to disagree; no progress on the transactions tax

Saturday, November 19th 2011 - 05:54 UTC
Full article 26 comments

The leaders of Britain and Germany David Cameron and Angela Merkel acknowledged differences over the Euro zone crisis but stressed they have the “same plan” for European growth. The prime minister met the German chancellor on Friday in Berlin to discuss the Euro zone crisis, and Iran and Syria. Read full article

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  • ElaineB

    How I would love to see the real politics in action here rather than the press calls and 'leaks'.

    Germany and France are desperate for UK money to help bail out the Eurozone (we are already in for 12.5b) but they want more. Lots of threats about 'you must join the Euro or leave the EU'. They would have to come up with a pretty damn good offer for that to be considered and given the propensity of the British to be somewhat sceptic when it comes to Europe, I doubt it would happen.

    The financial transaction tax in Europe is a tax on the UK financial market.

    If Germany and France keep pushing, I can see the UK leaving the EU altogether. JMO.

    Nov 19th, 2011 - 09:22 am - Link - Report abuse 0
  • zethe

    A lot of people are pissed at this new tax. Theres no way they can say it's aimed at anything other than London to help bail out other countrys in the Eurozone.

    They think it could raise a possible 40-50 billion. With 80% of that coming from London.

    Nov 19th, 2011 - 11:39 am - Link - Report abuse 0
  • ElaineB

    I cannot see it happening.

    Nov 19th, 2011 - 01:25 pm - Link - Report abuse 0
  • briton

    withdraw the UK its that simple,
    i dont trust him .

    Nov 19th, 2011 - 08:55 pm - Link - Report abuse 0
  • Marcos Alejandro

    Yes withdraw...from Malvinas.

    Nov 19th, 2011 - 09:05 pm - Link - Report abuse 0
  • briton

    yes, argentina already has .

    Nov 20th, 2011 - 01:25 am - Link - Report abuse 0
  • zethe

    “I cannot see it happening.”

    I think it will. This is aimed at london, it was created with that in mind.

    Might just get us out or europe. But i think it's the wrong time to do so.

    Nov 20th, 2011 - 12:12 pm - Link - Report abuse 0
  • ElaineB

    @7 Do you? Interesting. I think the EU would have to offer something pretty damn fine in return.

    I agree with you that the UK pulbic would have no appetite for bailing out the Eurozone and may well lead to us leaving the EU. I also agree about the timing.

    Nov 20th, 2011 - 02:51 pm - Link - Report abuse 0
  • Yuleno

    They're all here aren't they,the tortured British who save the world from itself and then gets picked on.the EU has had benefits for the UK and now some want out.isn't that called fair weather friends and not stiff upper lip.or didn't you ever want to be in.weren't you better off with the colonies.come On it the 21st cent.

    Nov 20th, 2011 - 06:24 pm - Link - Report abuse 0
  • briton

    [y] two different things altogether,
    Argentina does not yet suffer political correctness, when it comes to you [and it will]
    You can come back and tell what you think of it,
    As for Europe, it started out as a common market, just like your mercer [I think I got this name wrong] ,
    But over the years it has been directed and controlled by greedy ambitious wealthy people that want to control like a mini dictatorship,
    We were never consulted, it has been pushed and implemented under the table, they lie and deceit through there noses,
    We have been promised a referendum and then denied it, we are being conned into this super state that will end up in failior at best, or war, at worst, when they want to enforce things they call it [directives]
    and in the UK it is then implemented, ,, the European ideology is a Rich mans playground, 27 countries working together is great, but 27 countries under one roof with one leader that implements directives, is nothing short of a controlled state,
    Can people not see this, just look at the railway deal, our fishing industry- our steel industry, our ship building,
    just my opinion, just my thoughts .

    Nov 20th, 2011 - 07:14 pm - Link - Report abuse 0
  • zethe

    “Do you? Interesting. I think the EU would have to offer something pretty damn fine in return.”

    They don't have to offer anything, thats the problem. This new tax they are trying to put through is classed as a VAT. The UK has no veto on this it's simply down to a majority vote within the EU.

    Nov 20th, 2011 - 09:43 pm - Link - Report abuse 0
  • Wireless

    Yuleno has no idea, the UK has paid more into the Eurozone than it has ever received, and because the stupid people in the heart of Europe decided to implement a single currency, which is impossible to protect without total fiscal control by the European Parliament. So the 'Euro' currency has gradually been bled to death, by speculators, and now these same stupid people want the UK, which never signed up to the 'Euro', to pay a tax to bail it out?

    Would the average Argentine (Malvinist or not) be happy to pay extra taxes to other Latin American countries who decide on implementing a 'Latam' currency between them, when Argentina might have decided it was not going to be in its interest, and a badly thought out idea, to join the currency themselves? I think not.

    You'd then have a grasp of what is being talked about here.

    Mind you, the average Argentine might not pay tax so would be willing to part with loads of money to be controlled by Brazil, who knows.

    Nov 21st, 2011 - 06:27 am - Link - Report abuse 0
  • Yuleno

    #12 a tortured one.UK pays more money into EU than anyone but gets little out of it and it's not the UK it's the others who are stupid.British logic which the rest of the world has to learn or is latam showing the way?

    Nov 21st, 2011 - 09:11 am - Link - Report abuse 0
  • ElaineB

    @13 The UK has enjoyed a lot of trade with the EU, so in that sense it is very beneficial. Trade = wealth.

    In what way do you think Latam has something to teach the advanced economies?

    Nov 21st, 2011 - 11:10 am - Link - Report abuse 0
  • Yuleno

    #14 2 things,one i am not sure what qualifies an economy as advanced and on the point about latam it is not a serious remark but more the opposite of your question in response to #12.what is it to latam that no member would do what is claimed the UK does by giving and not receiving.personally I don't think there is anything to learn from any grouping as the dominant members only exploit the weaker ones.that's capitalism isn't it,free trade or protection whichever suits situation.

    Nov 21st, 2011 - 02:01 pm - Link - Report abuse 0
  • ElaineB

    @ 15. I see. Is that not what Mercosur does?

    Nov 21st, 2011 - 02:20 pm - Link - Report abuse 0
  • xbarilox

    @ 15 “the dominant members only exploit the weaker ones.that's capitalism isn't it,free trade or protection whichever suits situation.” Cristina knows it all about exploiting not only the weaker, but the imbeciles, that's why she's a millionaire and you are not:)

    Nov 21st, 2011 - 05:32 pm - Link - Report abuse 0
  • Yuleno

    #16 yes it is what mercosur is.nothing different but this is aimed initially at countries outside s am.you know those countries now wanting to sell more in the area so something is working for uruquay.perhaps it's not having a right wing gvt.unfortunately I don't think it's just mercosur is it?#17 you are more observant than I??

    Nov 21st, 2011 - 06:28 pm - Link - Report abuse 0
  • Uncle Sam

    I wonder if someone can name one thing that London would lose if she would pull out of the EU. The losses I see are nothing but lots of headaches and the upside as saving one hell of a lot of money.
    Remember, Hitler's dream was a United Europe with that bastard in charge. With what is unfolding in Europe at present, one can imagine another Hitler in Europe's future......God help us all.

    Nov 22nd, 2011 - 01:25 am - Link - Report abuse 0
  • zethe

    The argument is that the UK would still be subject to EU rules due to how linked we are. In the EU the UK can change things. Outside the EU we couldn't. Yet we are unable to influence this new rule, While in the EU.

    Nov 22nd, 2011 - 03:39 pm - Link - Report abuse 0
  • Uncle Sam

    @ 20 zethe:
    This is another case of, “ I really don't have a dog in this fight.”
    I do understand and sympathize with the argument you have stated. However, it would appear from my long vantage point, that most of the other members of the EU led by France, seem to gang up on Great Britain. I certainly could be mistaken.
    I hope you Brits can shed more light on this for me. I value this form as a real learning experience.

    Nov 22nd, 2011 - 06:31 pm - Link - Report abuse 0
  • briton

    the EU led by France and Germany
    you should see the speeches that the UKIP has with these idiots,
    the only British MP that seems to stand up to them,
    http://www.ukip.org/

    Nov 22nd, 2011 - 07:15 pm - Link - Report abuse 0
  • Uncle Sam

    @ 22 briton:
    Thank you for posting the www.ukip.org/ web site. This has been very eye opening for me. Nigel Farage is certainly a compelling speaker. I wish we had someone of his caliber to go up against the two joker parties in my country.

    It is quite evident by what I saw; what a mess the EU is for GB.
    Thanks again.

    Nov 22nd, 2011 - 10:30 pm - Link - Report abuse 0
  • briton

    anytime my friend .

    Nov 23rd, 2011 - 12:03 am - Link - Report abuse 0
  • Yuleno

    Can anyone give me one reason why the UK joined the EU was there a smoking gun and is that why some believe the UK is right and all(all) the other members are wrong or is it France that's got it wrong and has 'persuaded' the others to get in line.British paranoia I think.

    Nov 23rd, 2011 - 01:32 pm - Link - Report abuse 0
  • briton

    We joined a common market,
    look it up on wiki,
    France is wrong,
    Britain is not always right, but on this item we are correct .

    Nov 24th, 2011 - 12:05 am - Link - Report abuse 0

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