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[Rods2]

You might be reading a headline like this sooner than you think, as this would be entirely feasible under the new proposed Eurozone Banking Union rules. 

If the new Eurozone Banking Union rules are adopted, then all 27 nations banks will have to conform to the new rules and with qualified majority voting with a twist. It automatically goes through unless a joint opposition committee has a majority. This committee must contain at least three Eurozone and three non-Eurozone countries. So if is good for the Eurozone, then you can't defeat it. Under these rules you could not stop this proposal "All Eurozone banks will now exclusively be bailed out by the UK banks and other UK financial institutions". 

Under the new ESM amendment to the Lisbon treaty, the EU Eurozone Banking Union will be formed and have total power and control over the governance and regulation of all 27 nations banks, including forcing any countries banks to bailout and refinance any other EU countries banks, they will also have total power to shut down any bank within the EU. 

Now we were told that under the ConDem EU referendum legislation, that there would be no referendum as this was entirely an EU Eurozone amendment that would have NO IMPACT WHATSOEVER on the UK, the UK taxpayer, UK banks or any other UK financial institutions. This amendment has been passed unopposed through Parliament on this basis. The ConDems publicly support the creation of an EU wide Banking Union. 

Another complete load of lies we have been told. 

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9536997/UK-banks-could-be-shut-down-or-forced-into-bail-outs-by-Brussels.html

I getting very, very tired of these two faced scumbag politicians and their total lies and their utter contempt for us the electorate.

Vote UKIP

[STMO123]

Alternatively, they might have to bail us out. You never know.

[Varche]

Alternatively, they might have to bail us out. You never know.

No we would be alright. The USA would bail out Britain - special relationship old boy!

[STMO123]

Alternatively, they might have to bail us out. You never know.

No we would be alright. The USA would bail out Britain - special relationship old boy!

They're about to fall off a cliff, apparently.

[Varche]

OK the Chinese then. Surely they owe us for the opium wars?

[Sir Tigger KC]

The Chinese have been fiddling their books for years and someday in the not so distant future their bubble will burst in spectacular fashion!!!   

[Rods2]

The Chinese have been fiddling their books for years and someday in the not so distant future their bubble will burst in spectacular fashion!!!   

It already has, they are now just waiting for the brown bits to hit the fan. 

[Dishevelled Den]

The Chinese have been fiddling their books for years and someday in the not so distant future their bubble will burst in spectacular fashion!!!   

Quite correct - China will have her own homegrown problems to face  in the not too distant future.

[OOMV6]

You might be reading a headline like this sooner than you think, as this would be entirely feasible under the new proposed Eurozone Banking Union rules. 

If the new Eurozone Banking Union rules are adopted, then all 27 nations banks will have to conform to the new rules and with qualified majority voting with a twist. It automatically goes through unless a joint opposition committee has a majority. This committee must contain at least three Eurozone and three non-Eurozone countries. So if is good for the Eurozone, then you can't defeat it. Under these rules you could not stop this proposal "All Eurozone banks will now exclusively be bailed out by the UK banks and other UK financial institutions". 

Under the new ESM amendment to the Lisbon treaty, the EU Eurozone Banking Union will be formed and have total power and control over the governance and regulation of all 27 nations banks, including forcing any countries banks to bailout and refinance any other EU countries banks, they will also have total power to shut down any bank within the EU. 

Now we were told that under the ConDem EU referendum legislation, that there would be no referendum as this was entirely an EU Eurozone amendment that would have NO IMPACT WHATSOEVER on the UK, the UK taxpayer, UK banks or any other UK financial institutions. This amendment has been passed unopposed through Parliament on this basis. The ConDems publicly support the creation of an EU wide Banking Union. 

Another complete load of lies we have been told. 

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9536997/UK-banks-could-be-shut-down-or-forced-into-bail-outs-by-Brussels.html

I getting very, very tired of these two faced scumbag politicians and their total lies and their utter contempt for us the electorate.

Vote UKIP

Or emmigrate.

[OOMV6]

You might be reading a headline like this sooner than you think, as this would be entirely feasible under the new proposed Eurozone Banking Union rules. 

If the new Eurozone Banking Union rules are adopted, then all 27 nations banks will have to conform to the new rules and with qualified majority voting with a twist. It automatically goes through unless a joint opposition committee has a majority. This committee must contain at least three Eurozone and three non-Eurozone countries. So if is good for the Eurozone, then you can't defeat it. Under these rules you could not stop this proposal "All Eurozone banks will now exclusively be bailed out by the UK banks and other UK financial institutions". 

Under the new ESM amendment to the Lisbon treaty, the EU Eurozone Banking Union will be formed and have total power and control over the governance and regulation of all 27 nations banks, including forcing any countries banks to bailout and refinance any other EU countries banks, they will also have total power to shut down any bank within the EU. 

Now we were told that under the ConDem EU referendum legislation, that there would be no referendum as this was entirely an EU Eurozone amendment that would have NO IMPACT WHATSOEVER on the UK, the UK taxpayer, UK banks or any other UK financial institutions. This amendment has been passed unopposed through Parliament on this basis. The ConDems publicly support the creation of an EU wide Banking Union. 

Another complete load of lies we have been told. 

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9536997/UK-banks-could-be-shut-down-or-forced-into-bail-outs-by-Brussels.html

I getting very, very tired of these two faced scumbag politicians and their total lies and their utter contempt for us the electorate.

Vote UKIP

Or emmigrate.

That was a serious comment, by the way.

[stewart000]

All this eurozone trash is getting too much,
we should have a referendum with one simple question on it.....

'Do you want the UK in or out of the euro'

[cleggy]

All this eurozone trash is getting too much,
we should have a referendum with one simple question on it.....

'Do you want the UK in or out of the euro'

OUT Of The EU 


Vote UKIP

[Nickbat]

All this eurozone trash is getting too much,
we should have a referendum with one simple question on it.....

'Do you want the UK in or out of the euro'

OUT Of The EU 


Vote UKIP

+ 1 million!