THE WALL IS BEING REBUILT...

THE WALL IS BEING REBUILT...we, the Romanians, as well as England seriously have to get out NOW...the fact that they are even THINKING about asking why someone would want to move is sickening!!!!

It would be far better to leave the EU than to keep saying 'no' to everything. Of course, we could just say 'yes' instead but that would be anti-democratic, as the British people, via Parliament, have decided not to.
This is the crux of the matter; the EU is an inherently anti-democratic machine and has nothing whatsoever to do with trade. It is time that this 'red herring' was netted and gutted. Then again, the Common Fisheries Policy doesn't allow us the freedom to catch this type of fish as and when we want to in our own waters.

A google translation of news from today from germany:

"Handelsblatt": European Commission wants to prevent legal tax avoidance
For "anti-abuse clause" in national tax laws...The European Commission wants to press action against it that companies and wealthy citizens escape by moving within the EU taxation. The EU member states would have to an "anti-abuse clause" in their national tax laws add to remedy the situation, told the newspaper "Handelsblatt" (Wednesday edition) of Commission circles. The clause is intended to enable the tax authorities to check migration willing companies or individuals. Affected businesses and citizens would have to show that there is in addition to the tax or otherwise, for their move to another country. The complaint about the lack of tax compliance by companies and wealthy citizens by moving to another country is widespread.

France and Britain had found great “convergence”... funnnnyyyy....

France and Britain had found great “convergence” on plans to create a powerful bank supervisor to regulate all eurozone banks. “The UK, like us, would like if possible quite a swift timeline,” he said. Although Britain has made it clear it will not be part of a banking union, the Chancellor has backed the plan as a way of stabilising the single currency. Creating the supervisor will require support by all European Union countries, not just the 17 eurozone members.  In Germany, Angela Merkel called for a steady approach to banking supervision; the Chancellor wants central supervision for the eurozone’s systemic institutions, not all 6,000 banks. In a lengthy press conference, Ms Merkel again ruled out eurobonds. She said her “heart bleeds” for suffering Greeks but insisted they stick to their austerity plan.  At a lecture last night at the London School of Economics, Mr Moscovici called for greater unity in Europe, even if it required eurobonds and the cost individual sovereignty. He said: “I’m not saying we must integrate at any price. I’m not in favour of a Europe dominated only by Germany. But if we are capable of having each step of integration accompanied by a step in solidarity Europe will grow closer to its people.” ... The yield on Spain’s benchmark 10-year bonds were pulled back just below 6pc at the close, but their steady rise all day reflected bets by traders that Madrid’s determination to resist a bail-out will cause more volatility. Some argued that optimism that followed the unveiling of the so-called “Draghi Plan” to buy bonds was already wearing off. ...  

Here we go again.....this time preacher from the LSE ..Mr Moscovici is confirming what everyone else in office has been saying....."I’m not in favour of a Europe dominated only by Germany".

....For heavens sake ...Wev'e known this fact ages ago.
Jaques Delors stated this decades ago and it still hasn't been settled. In the current situation, expect double extra time before a solution is found; if one can be found...I remain sceptical. I suggest Mr Moscovici extrapolate a mathematical model that can arrive to a solution of all current economic problems.

There has been very little democracy about EU ...

The European Commission is run by 32 people, all of whom are now billionaires (Vivian Reding was the last one into the billionaires club). ...Not a single one is competent in any way....Note that none of them come from a major country - it's all rats and mice stuff - making it easier for France at first and Germany now to tell them what to do.

Democracy? The EU spends a fortune keeping democracy or democratic expression in check. We have allowed the EU to become a machine that serves itself and many thousands of well paid staff - keeping themselves occupied by standardizing everything right across the region via endless regulations. There has been very little democracy about this - save for occasionally carefully calculated rubber stamp exercises - usually by those desperate to get their snouts in the trough. Politicians at the national level have, without the authorisation of the People, serially signed away more and more of the sovereignty of their countries. Snatching back currency sovereignty would be a reversal of this process. You can expect the machinery of the EU to move Heaven and Earth (and every allegedly fixed goalpost the EU has) to avoid it happening. The EU is designed as a one way street. Democracy is greatly feared by these politically elite puppets - Democracy spells the end of their Princely style and worse, Democracy would challenge the source of their wealth and why the Commission found it necessary to protect themselves and their ill-gained personal assets with a Law which prohibits any examination or investigation of them. They are immune to prosecution for any and ALL crimes and misdemeanors.  The last Commission was ignominiously forced to resign en masse - because - they stole £1.4 Billion - yes billion.   Not a penny was recovered.  Not a prosecution was enforced.  They got away with grand theft Scot free....Most of them still work within the EU Commission.
"The European Union has abrogated the Rule of Law for the good of the State. This is the second such abrogation with the first being the exemption of certain European institutions and the IMF from the Private Sector Involvement of Greece. Greece may be a one-off exemption as they claim but we now have a second instance where jurisprudence has been overturned for the good of the nations of Europe. This is not Socialism or Capitalism but rather some sort of Fascist governance which I publically decry as the echo of the jackboots sounds across the Continent once again."

"There are none more hopelessly enslaved, than those that believe they are free."

I wonder if Van Rompuy would give me a well paid position in the "EU government".... We see Greeks are talking of a local currency, I said over a year ago this was an option, not just for Greece but us all, a local currency that cant be traded outside the country would keep some form of money circulating and provide the basics, it would also allow the Greeks to keep the bulk of their savings in euros if governments allowed the local currency to pay taxes then it will take off on its own, it will mean that local currencies will find their own level against the main currency, put as you have the option to hold money in a main currency account that to will be self limiting, now i suggested this ages ago as a way to keep people in work and in their homes and i said that it would come sooner or later because people always have the need to trade so always find a token for that....one could almost get rid of welfare and pensions cost if you paid them in a local currency....We had to watch Barroso, and Rumpoy , "Twins of Evil" talking about the Greek election, how Greece must be allowed "Democracy" said Barroso. Democracy, what Democracy?Democracy When the Brussels parliament Says so, is Not Democracy! The Greek's were denied an election a few months ago, so another Goldman Sacks puppet could be Un-Democratically installed! It's a Takeover! The poor people in Greece, and Spain, Italy, and Britain are next. Dictator's don't know where their boundaries end. They have none. They want It ALL.The slavery laws are in place. People are being enslaved by Debt. "There are none more hopelessly enslaved, than those that believe they are free." Wellll...as for me, I've got a great idea which will be a "courageous leap of political imagination" ... An EU VAT on top of all the outrageous VAT's already burdening the citizens of Europe's individual nation states. Of course start it off at a mere 5% or so....and then when the lemmings simmer down and forget about it, you can jack it up to 15 or 20% ...

....The entire problem is laid bare for all to see.

"Angela Merkel will have to relent and agree to the European Central Bank being unleashed. She will be forced to allow quantitative easing and for the ECB to be the lender of last resort. She will be forced out of office as Germany’s cherished inflation rises. "... She'll have to find some way to get the Bundestag and Constitutional Court to look the other way while she does it. Wait, I've got it, she could send them on vacation to Greece. It is little known, but Western finance is actually a CIA funded black ops. (undercover) unit. Traditionally, it has been used to deal with emerging economies that may pose a threat to Western dominance. Once the emerging economy is spotted, the CIA sends in their Western finance black ops team. Initially, they lend money at low interest rates to invest and “help” the emerging economy, once confidence is gained they lend more and more. At the critical point, they suddenly jack up interest rates as the loans roll over and leave the economy in chaos, with a financial crisis that will set them back decades. The Western finance black ops. unit have already been used on:
Latin America – financial crisis, early 1980s
Asia – financial crisis 1997
Russia financial crisis 1998
I can only assume the US became concerned with the emerging Euro-zone threatening the US position. The CIA then sent in their Western finance black ops. team to create chaos. As usual with the CIA, their operations are frequently hampered by unforeseen consequences (blowback). The CIA forgot about the inter-connected nature of the Western banking system and these days a collapsing bank in the Euro-zone can cause a cascade effect that will bring down banks in the US. The FED have had to step in and help bailout the Euro-zone because of this. Needless to say the FED aren’t very happy with the CIA. This is the only explanation I have been able to come up with to explain the totally destructive nature of Western finance. IN CONCLUZION : Given the ever declining share of world GDP generated in Europe, it will increasingly become irrelevant. Crisis, or no crisis, it will become a footnote in economic history, governed by a bureaucracy with delusions of grandeur.

Europe is in trouble because you, THE UNION MEMBERS ( amusing thought - union- what union?) borrowed too much money. If your politicians had not spent so much of your money, and borrow more to boot, to buy the votes of various constituencies, you would not have these problems now. You continue to blame everyone but yourselves. The EU will collapse because European society is a welfare state that could never be sustained. There is no way to fix it without pain (i.e., spending cuts). The reason every plan your "leaders" dream up fails is because they try to fix debt by more borrowing. You're finished. Your society is a failure. I hope the US does not follow you, but our current leadership seem bent on doing just that. You're spoiled just like Americans are spoiled. Don't take my word for it. Rather, listen to the head of the Chinese Sovereign Wealth Fund, to whom your leader went begging last week? “I think if you look at the troubles which happened in European countries, this is purely because of the accumulated troubles of their worn out welfare societies,” Jin Liqun said in an interview with Al Jazeera television. “I think the labour laws are outdated – the labour laws induce sloth, indolence rather than hard working. The incentive system is totally out of whack.”

I'm quite impressed with Mr. Pappandreou's performance. As I thought earlier, this pantomime seems to be designed entirely to allow him a somewhat dignified exit.
He 'negotiated' (i.e., 'had imposed on him') the EU debt relief package and then, when the conservatives railed against him for the terms of that package, floated the idea of a referendum (although I doubt he ever intended there to be one). That caused sufficient panic among his opponents that he proposed a 'government of national unity' (i.e. 'a government not led by him') to do the dirty work of actually implementing the requirements of the EU package. Now he can place the leader of the conservatives squarely in the gunsights for the duration of the worst of the cuts that must hit Greece, walk away and say, "But I wanted the people to choose!"
They shouldn't clean out his office as he or his successor will be back within two years.

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UniCredit Ţiriac Bank ended the third quarter with 67 million RON (almost 16 million euro) net profit, down 6% compared with the same time last year. Nine months into the year, net profit amounted to 215 million RON (52 million euros), a 15% decline compared with 18% in the first half.Operating revenues exceeded one billion RON (245 million euros) nine months into the year, up 15%, while the credit portfolio rose by 13%, to 13.3 billion RON (3.1 billion euros). Midyear, the lending increase stood at 11%, with the Italian group continuing to apply the strategy designed to boost the loan market share.

China - the new frontier for EU Investors

China's rapid growth is easing to a manageable pace and Beijing can do more to reconfigure its economy to promote domestic consumption and reduce reliance on trade, the World Bank said Wednesday. Inflation that has risen steadily this year should level off and is unlikely to be a serious problem, the bank said in a quarterly China outlook. The Washington-based bank raised its 2010 growth forecast from 9.5 percent to 10 percent and said the expansion should slow to 8.7 percent next year. Growth eased to 9.6 percent in the three months ending in September, down from 10.3 percent the previous quarter, as the government imposed lending and investment curbs.
"We think that coming from this very strong growth, China should be able to ease into a more sustainable growth rate in the long term," said the report's main author, Louis Kuijs, at a news conference.
The outlook reflects China's status as the first major economy to rebound from the global crisis on the strength of a flood of stimulus spending and bank lending. While Washington and others are trying to shore up growth, Beijing faces the challenge of cooling inflation and restoring normal conditions.
Beijing needs to boost wages and consumer spending and promote growth of private and service businesses to reduce reliance on exports and energy-intensive heavy industry, the World Bank said.
"The need to rebalance to more domestic demand-led, service sector-oriented growth seems stronger now than five years ago," said Kuijs. "Internationally the environment is less favorable than it was."
Communist leaders made raising domestic consumption a priority in their latest five-year economic plan crafted at a meeting last month. But it also was a goal in their previous plan and private sector analysts say Beijing has yet to take major steps to shift emphasis away from manufacturing and construction. The World Bank recommended opening up more industries to private business, changing the way energy prices are set to encourage efficiency and nurturing private-sector research and development. The bank cautioned against abrupt steps such as mandating sharp wage hikes, saying Beijing instead should look at gradual changes such as allowing more rural workers to move to cities and changing energy prices that favor heavy industry."We are looking for a market-oriented, market-friendly way of getting this consumption growth, consistent with continued strong growth," Kuijs said. Inflation that hit 3.6 percent in September, well above the 3 percent government target, should level off but might stay as high as 3.3 percent next year, the bank said. Kuijs said that in developing economies such as China, inflation of 3 to 5 percent might be acceptable as industries grow rapidly and demand for resources shifts."We still do not think China's inflation is at a very serious risk of escalating but we also do not think China will go back to the very low rate of inflation it saw in 2005," he said.
The bank also cautioned that China's politically contentious trade surplus is likely to rebound in 2011 after narrowing temporarily this year.
The multibillion-dollar trade gap has strained relations with Washington and other trading partners and prompted some U.S. lawmakers to demand sanctions over Chinese currency controls blamed for widening the surplus.

IMF to relax deficit targets for the co-funding of more EU projects

The IMF should relax budgetary gap targets for Romania so that more EU projects could be co-funded, states Andreas Treichl, a CEO with Erste Group, which controls BCR. "Romania is in a situation of conflicting objectives: its strong advantage are the funds available from the EU, but governmental funding is also necessary for these funds to be used. If money from the budget is allotted, deficit targets agreed on with the IMF are overshot and a conflict of 'interests' emerges. The IMF could relax the targets for the European funds to be used. This will be a very interesting exercise in the following months," Treichl stated.Banks have a direct interest in the success of such a move, considering many entrepreneurs and public authorities need loans to be able to co-fund the European funds they try to get. It remains to be seen whether the banking lobby in this respect will be as strong as in the case of modifications requested for Ordinance 50 regarding retail loan contracts.