Today - page 10 - bottom of page - Daily Telegraph.
Weak pound pushes up EU membership bill.
Not front page headline news, too many people might get to know about it.
In essence:
Britain's 2009 contribution will be set in December 2008, unless the pound makes a miraculous recovery then the tax payers will have to stump up an extra £900 million more than was originally intended.
I didn't know that contributions to the EU were inflation and recession proofed.
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There is a need to be on our guard as the pro Euros may use the weakening of the pound to strengthen their case for the UK to join it. We must not be complacent and be ready for this possible attack.
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The weak pound also pushes up the costs of importing energy, food and a thousand other things more important to the country than the EU budget. I don't see what the point in singling out EU budget contributions is here other than to scrape a newspaper article out of the situation.
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Originally Posted by blank_frackis:
The weak pound also pushes up the costs of importing energy, food and a thousand other things more important to the country than the EU budget. I don't see what the point in singling out EU budget contributions is here other than to scrape a newspaper article out of the situation.

Maybe it's got something to do with the topic title, Like - European Union .
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More importantly, the pound is approaching parity with the euro and we all know what that means ...
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If the Euro weakens, isn't that good news?

We don't want the Euro just to weaken, we want it to become completely worthless. It needs to be down there with Robert Mugabe's Zimbabwe money. People in the City of London should be tasked with making this so. There should be a relentless, no holes barred economic war conducted all day every day against the Euro, to destroy it and obliterate the European Union.
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Weakening the euro is good but the pound is approaching parity with the euro - the euro isn't weakening fast enough. The Bank of England magicked £4bn out of thin air to prime the economy which devalues the currency because the economy is worth the same but it's spread more thinly between the amount of currency that's been issued. But the ECB only pumped £27bn into the eurozone economy which, pro-rated, isn't on the same scale and devalues the euro by less. Just what El Gordo wants.
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Originally Posted by Stephen Booth:
We don't want the Euro just to weaken, we want it to become completely worthless. It needs to be down there with Robert Mugabe's Zimbabwe money. People in the City of London should be tasked with making this so. There should be a relentless, no holes barred economic war conducted all day every day against the Euro, to destroy it and obliterate the European Union.

In complete agreement about war on the euro. The UK should be in the forefront of this worthwhile offensive, for the very survival of democracy. I've thought for some time that the Eurocrats through the ECB should already be forcing the euro currency on Zimbabwe, not just eastern europe - just to assist with this very worthwhile objective of informing money markets on the value of the euro (just in case they were in any doubt) After all, it should not be allowed to have any strength in international exchange rates - it must be made worthless to ensure nation states in the EU stop pretending and wake up to the unequivical message that the Euro is bad economics.
Black Wednesday is just the fore-runner of what is inevitably the euro's fate. Rather than delay the inevitable even longer, "let's roll" - and see the euro as it really is - a devalued currency fit for no-one.
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War on the euro, I'm sorry but what a joke.

This isn't a game here.
If you want the euro to fail and bring misery on the Europeans any more than on yourself for the sake of political change then you probably don't deserve it for yourselves.

Be in no doubt - ALL of europe will be affected (as I've said it would be).

The elite and the corporations want collapse of ALL currencies so they can introduce global goverment (i.e. one world government and world currency)

Why do you think you're always hearing about global "solutions" and "challenges", despite the fact that as they admit, it is a global problem created by the bankers and their puppet politicians who have engineered the crisis.

The sooner you realize that and wake up to reality the better......
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Originally Posted by youcanhandlethetruth:
War on the euro, I'm sorry but what a joke.

This isn't a game here. If you want the euro to fail and bring misery on the Europeans any more than on yourself for the sake of political change then you probably don't deserve it for yourselves.

Be in no doubt - ALL of europe will be affected (as I've said it would be).

But Britain is not part of Europe. The pound is a separate currency. If the other countries of Europe voluntarily submerged themselves into a false and harmful project like the Euro, then economically, they will reap the conseqences of that mistake.

Originally Posted by :
The elite and the corporations want collapse of ALL currencies so they can introduce global goverment (i.e. one world government and world currency)

This pre-supposes the elites and corporations have more control over events than they do, in fact have. - All currencies? You have to have separate currencies in order to be able to have currency speculation. Currency markets and other forms of economic activities have a nasty habit of running in many different, and counter intuitive directions.

Originally Posted by :
Why do you think you're always hearing about global "solutions" and "challenges", despite the fact that as they admit, it is a global problem created by the bankers and their puppet politicians who have engineered the crisis.

With respect, I'm not sure what point you are making here. If it is a global problem, then some politicians may well suggest a global answer, and from their point of view, that seems rational. The problem is that international bodies, from the League of Nations onwards, through the UN, Europe, NATO, World Bank, IMF etc etc have all proven to be failures. The answer is first to protect ourselves from the problems outside, by decoupling ourselves from the global economy, and through protectionist measures; and secondly to support unilateral actions which work towards an answer to the crisis, along similar unliateral lines already taking place in the Global War Against Terror. We work with the people who are doing the right things, and not by giving a blanket blank cheque to the Euro-idiots.

Originally Posted by :
The sooner you realize that and wake up to reality the better......

Again you ascribe large scale and precise control to these shapeless international conspiracy bodies.
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