EU update

Some interesting articles, the first one in particular is worth careful study.

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100020923/britain-has-left-the-european-union-in-all-but-name/
Mind you we still pay £40m per day to the EU!

http://www.telegraph.co.uk/finance/financialcrisis/9628734/Financial-transaction-tax-will-raise-billions-says-EU-Commission.html
Another financial grab by the EU.  The European Parliament has approved an 8% increase in the EC budget.  Will Cameron use the veto as he said he will?

http://www.telegraph.co.uk/finance/financialcrisis/9629293/Debt-crisis-Europe-ratchets-up-grip-on-Madrid.html
More pain for Spain?

Update: 24 October 2012

http://www.telegraph.co.uk/news/uknews/scotland/9628949/Alex-Salmond-denies-barefaced-lies-over-Scotland-euro-membership.html
Oops!


http://www.telegraph.co.uk/finance/financialcrisis/9630120/Greece-plans-to-cut-wages-and-pensions.html

http://www.spiegel.de/international/europe/reports-say-greece-to-get-two-more-years-to-reach-budget-targets-a-863110.html
Since denied by Greek government.

http://www.ecb.int/press/key/date/2012/html/sp121024.en.html
Mario Draghi in the Lions' Den.

http://www.spiegel.de/international/europe/german-finance-minister-says-worst-is-yet-to-come-in-euro-crisis-a-862994.html

Update 25 October 2012

http://www.spiegel.de/international/europe/mixed-messages-from-greece-and-eu-on-two-year-austerity-delay-a-863353.html
What a shambles.

http://www.telegraph.co.uk/finance/financialcrisis/9634172/Act-on-pledge-to-ease-Irish-debts-IMF-urges-EU.html

26th October

http://www.telegraph.co.uk/news/worldnews/europe/italy/9636133/Rome-braced-for-austerity-protests.html

http://www.telegraph.co.uk/finance/financialcrisis/9635107/Spain-jobs-woes-deepen-as-unemployment-rate-hits-25pc.html

http://www.telegraph.co.uk/finance/economics/9636931/Greece-faces-30bn-bill-for-two-year-delay-to-meet-bail-out-targets.html
Relief, or not, for Greece and Ireland.?


27th October

http://www.bbc.co.uk/news/world-europe-20112404
Italy.  Silvio cuts up rough.

http://www.telegraph.co.uk/finance/9638489/Greece-to-vote-on-key-austerity-measures.

28th October

http://www.telegraph.co.uk/finance/financialcrisis/9638725/Mario-Draghi-backs-Wolfgang-Schaeubles-super-commissioner-plan.html
Well, he would wouldn't he?  See also:

http://www.spiegel.de/international/europe/spiegel-interview-with-ecb-president-mario-draghi-a-863971.html