So if we look around and get our news stream from other than the biased BBC, we find that other countries are having second thoughts about relinquishing their sovereignty. Maybe their position was never as black and white as the BBC suggested. Not a surprise really, politics tends to be more nuanced than that.
Many of the non-EuroZone countries are starting to suspend judgement until they see the text of any agreement. It beggars belief that after all of this time, the Eurocrats still have not come up with a document.
All the prattle from Sarkozy is the sort of yapping one would expect from a French Poodle with trying to impress it's German master.
If the next French President is the Socialist and he wants to re-negotiate does that me that they join the UK in isolation?
Merkel's coalition partners also seem very unhappy.
What has been mentioned, as part of the tentative agreement (not a treaty!) but then quickly glossed over is that under this agreement, supposedly national budgets will be first subjected to reviews by Brussels and only get submitted to local, democratically elected parliaments once they have been 'blessed'.
No democratic deficit there then!
And then consider, how does this grand solution address the immediate needs? Italy is still paying close to 7% to borrow. The agreement won't be up for signing until March. The politicians might think that the 'markets' will sit and patiently await their navel gazing. I sincerely doubt it though. Things might quieten down as we run down towards Christmas and the New Year but come January, things will heat-up again and the Euro will come under renewed pressure.
Keep watching this space!
Many of the non-EuroZone countries are starting to suspend judgement until they see the text of any agreement. It beggars belief that after all of this time, the Eurocrats still have not come up with a document.
All the prattle from Sarkozy is the sort of yapping one would expect from a French Poodle with trying to impress it's German master.
If the next French President is the Socialist and he wants to re-negotiate does that me that they join the UK in isolation?
Merkel's coalition partners also seem very unhappy.
What has been mentioned, as part of the tentative agreement (not a treaty!) but then quickly glossed over is that under this agreement, supposedly national budgets will be first subjected to reviews by Brussels and only get submitted to local, democratically elected parliaments once they have been 'blessed'.
No democratic deficit there then!
And then consider, how does this grand solution address the immediate needs? Italy is still paying close to 7% to borrow. The agreement won't be up for signing until March. The politicians might think that the 'markets' will sit and patiently await their navel gazing. I sincerely doubt it though. Things might quieten down as we run down towards Christmas and the New Year but come January, things will heat-up again and the Euro will come under renewed pressure.
Keep watching this space!
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