Do you remember that nice Mr Cameron seeming to promise not to give away more power to the EU without asking us first? Except of course it was only to block “new treaties” anything done under existing treaties is just fine. That this has had no effect on the tide of legislation coming from the EU and in fact wasn’t intended to have any effect was shown clearly when our new ConDem overlords adopted the EU arrest warrant. The EU is also setting up it’s own diplomatic service and can now supervise our national budget – and their latest acquisition of power a reform of EU financial services with three new governing bodies. So the much vaunted economic power house of our financial services sector will now be controlled by our glorious eurocrats, of course as ever they’ll just provided harmonised rules and leave it up to each nation to implement them – a technique which has worked so terribly well for us so far.
Our glorious leaders in Brussels so liked this idea that only 20 to 30 of them actually voted against it, the SNP are particularly pleased to have given away this chunk of self determination. I suspect they haven’t thought through how it will affect their own banks. The Tories meanwhile hope that this will be the high water mark of EU financial regulation and not just the start of it – they’ve obviously not been paying attention to how the EU works. So we’re now trusting financial regulation to an organisation that has never had it’s accounts approved and sets parts of it’s self up as a “special purpose vehicle” a tactic normally used for tax avoidance and Enron type scams, and when they’re done with that they’d like to take over copyright as well (see also yesterdays post for the knock on effect of that.
It really must be more than past time for us to escape this creeping authoritarian state that would have us ruled by unelected bureaucrats, though our glorious leaders have no interest in that and would tell us we don’t either. Douglas Carswell has a campaign to tell them otherwise before the only option left is to take to the streets or give in and accept our happy place as slaves to the EU state.
