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Elected EU President?

Valery Giscard d’Estaing would like to see an elected EU President as one of the components of the “constitution” he is working on. Reportedly, d’Estaing thinks this is not realistic yet, but is a good idea for the medium term.

What are everyone’s thoughts?

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By: mongu - 23rd May 2003 at 18:26

No, but at least he acknowledges the areas where disagreement is probable and presented a fairly rounded argument.

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By: Rabie - 23rd May 2003 at 14:54

mongu – what i mean is that economically were all thinking along the smae line that its a good idea – its other non political factors that are stopping us.

no economist always agrees with another (a common joke 😀 😀 😀 😉 ) – hence why he disagree (also the telegraph are hardly going to print a pro euro argument are they :p )

rabie 😉

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By: keltic - 22nd May 2003 at 19:58

Originally posted by ageorge
I have to agree the only decent page in the Scum features the lovely ladies on page four . I did’n t mean to pick out Spain for any particular reason and I apologise if the term Eurohole offended anybody.

Don´t worry, ageorge. I didn´t feel offended at all. Having lived in the UK I have heard quite a lot of “interesting” and many times not balanced oppinions about my country”. I am sure you didn´t want to offend anyone. 🙂

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By: mongu - 22nd May 2003 at 19:30

..although apart from the “pictorial” they do have very funny headlines sometimes:

Up Yours Delors!
(Aimed at former EC Commissioner Jacques Delors)

Achtung! Surrender!
(prior to England v. Germany in Euro 96)

Don’t Mention The Score!
(Germany 1-5 England in WC 2002 qualifier)

And of course the theme concerning French presidents and worms, which was juvenile although very amusing!

But in general a pile of jouranlistic tosh. I said crap earlier, beause I can’t say ****. Isn’t the forum language filter an odd beast!

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By: ageorge - 22nd May 2003 at 19:24

I have to agree the only decent page in the Scum features the lovely ladies on page four . I did’n t mean to pick out Spain for any particular reason and I apologise if the term Eurohole offended anybody.

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By: mongu - 22nd May 2003 at 18:41

Agreed about the Sun, it is just xenophobic crap.

Rabie – no disrespect to you A-level colleagues, but there are more points to consider than are covered on the A-level syllabus. I want to present a balanced view hopefully. The following article from the Telegraph was written by Roger Bootle, who is the chief economist for my employers:

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2003/05/18/ccecag18.xml&sSheet=/money/2003/05/22/ixcoms.html

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By: keltic - 22nd May 2003 at 17:59

Originally posted by ageorge
, why would we want to subsidise some Euroholes ?? , Spain is fine for a holiday , but we certainly don’t want them as a family member.

I have to admit that I have heard the “term” eurohole for my country. Any particular reason why YOU don´t want Spain as a family member?. I don´t hope it´s not because we are small, dark and greay individuals….does it?. You would be surprised how strenth the Spanish economy is right now. If there´s a country whose economy is healthy in Europe appart from the UK is Spain. As far as the SUN is concerned. Well anybody with a minimun degree of inteligence takes seriously what they publish. Not even its readers. It´s simply “The Sun” a folckloric tabloid, just fine to look at page 4, It´s that this page where the anatomy lesson is?. 😀

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By: Rabie - 22nd May 2003 at 09:47

a) in my a-level ecomics class everyone said the euro was theoretically a good idea – and all but two thought join now and none were against joining sone time in long term

b) question – why do we need an independant president – can’t we ahve prime minsiter of the commision. we don’t need an indepenadt president we need someone who has majority bakcing across the EU – ie a prime minister

rabie 😉

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By: mongu - 22nd May 2003 at 01:18

We are paragons of virtue 🙂

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By: ageorge - 22nd May 2003 at 00:22

Hmm , clever stuff , I always knew that accountants are just dodgy blokes with their morals removed:) 🙂 :p

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By: mongu - 22nd May 2003 at 00:20

Not sure that’s the whole picture, Ageorge.

The relative strenghth of Sterling has been behind a lot of the UK’s attractiveness for foreign investors, but remember a strong pound has a donwside too.

You may actually laugh at this (if you are familiar with the Nazi storm troopers at the Inland Revenue!) but the UK is reasonably tax competitive. I’ll give you a real life example:

A client of mine is a 50% partner in a project to build a shopping centre in a small Bavarian town. He set up a German company, and then created another German subsidiary to do the work. But he’s setting up (on our advice) a UK company first, so the UK company will be the ultimate owner.

Why…well, he plans to sell the shopping centre at some point for a stonkingly large profit. The way it’ll work, the Geman company will sell the shares in it’s subsidiary to an investor and as such, the German co will make a nice big profit. But hang on…it’s owned by a UK company! So it remits its profit back to it’s UK parent company. Tax on the profit is subsequently paid in the UK (it’s also payable in Germany, but this is netted off via the Germany-UK double tax treaty).

Result? A British firm of accontants takes a nice fat fee cheque, a company formation agent in Cardiff gets a little more business, and the UK exchequer has a smile.

All because of a small differential in the rates of tax between Germany and the UK.

Join the Euro….you can kiss goodbye to this kind of stuff.

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By: ageorge - 21st May 2003 at 22:49

Originally posted by ink
For xenophobic Sun readers and other anti-EU posters:

I know quite a few people studying for economics degrees and one or two of my friends work in jobs where it is important to understand the economics of the UK – they are all pro-EU simply on economic grounds. Ever wondered whether thats why Tony want us in?

As a non-Sun reader ( although I did spot their headline ) I have spoken to two good friends who are economic analysts for the same stocks/futures trading company , one based in London and the other based in Hong Kong ( both rugby playing alcoholics ) we would be subsidising other less prosperous countries in the EU ( in fact we already do ) , and we would see a decline in dollar / yen investments , these investors see the UK as a firm stable trading platform with the backup of a good labour market , to put us on the same par as other less prosperous countries could cost us further jobs and investment . Both are of the same opinion that Mr Blair will NOT commit fully to Europe at present – there are signs of yen investment in the UK increasing in the very near future ( Toyota have just announced further investment at their Derby facility ) there are also strong rumours of a substantial ramp up of Semiconductor manufacture in the UK – there is plenty of spare capacity in the UK , there are two mothballed IC Fabs in Scotland alone.

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By: ink - 21st May 2003 at 22:06

For xenophobic Sun readers and other anti-EU posters:

I know quite a few people studying for economics degrees and one or two of my friends work in jobs where it is important to understand the economics of the UK – they are all pro-EU simply on economic grounds. Ever wondered whether thats why Tony want us in?

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By: ageorge - 21st May 2003 at 21:27

Originally posted by keltic
Are there, dear friend, any politician who makes what their electorate wants?. Not at all, I am affraid. You are right. British politicians should pull the UK out because the people want it to…or not?: so why they don´t summon a reference to quit the Union?.

I think you will find that the majority of the British press is trying to force a referendum , one of the most popular , and normally pro-Labour papers published a headline last week with “1805 we beat the French , 1945 we beat the Germans , 2003 Blair surrenders to the EU – NO!!”. if Blair subjects us to any Euro lapdog crap he WILL lose the next General Election , we’re doing fine at present , we have the lowest unemployment figures in years , a mortgage interest rate running around 4% , a healthy economy , why would we want to subsidise some Euroholes ?? , Spain is fine for a holiday , but we certainly don’t want them as a family member.

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By: keltic - 21st May 2003 at 20:25

Originally posted by dhfan
Correct me if I’m wrong, but in a “democracy” aren’t the politicians elected to serve the electorate, and their wishes, NOT just do what they personally want?

.

Are there, dear friend, any politician who makes what their electorate wants?. Not at all, I am affraid. You are right. British politicians should pull the UK out because the people want it to…or not?: so why they don´t summon a reference to quit the Union?.

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By: keltic - 21st May 2003 at 20:20

Despite Spain is like my mother, the UK is like my brother, and want to see the country in. But that´s my personal desire. But in general terms, ageorge, Europe is not forcing the UK to stay in. In fact, the other european countries do not care if the UK is out or in. So your upset should go to your politicians. And you didn´t answer my question. If the politicians represent the people desires, and the UK politicians are so respectfull with the people´s needs and desires….why they don´t talk about taking the UK out?::D

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By: ageorge - 21st May 2003 at 20:04

Originally posted by keltic
And do you know why the politicians do that?. It´s just a question. Wouldn´t it be that they know what it benefits the country?

Which country ?? , certainly not the UK , if mainland Europe wants to unite into the US of E that’s fine , just leave us Brits out , the Europeans seem to want us more than we want them , I’ll state again I DON’T KNOW ANYBODY WHO IS PRO EUROPEAN , STICK THE EURO WHERE THE SUN DON’T SHINE , the UK is doing just fine right now , keep the pound !!

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By: dhfan - 21st May 2003 at 20:01

Correct me if I’m wrong, but in a “democracy” aren’t the politicians elected to serve the electorate, and their wishes, NOT just do what they personally want?

They’re all overpaid, self-seeking windbags anyway. Somebody once said that anybody wanting to be a politician should be barred for life from being one. True.

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By: keltic - 21st May 2003 at 19:54

Originally posted by dhfan

What politicians of all flavours don’t seem to realise is that the majority of people in this country want less European integration and influence, not more.

And do you know why the politicians do that?. It´s just a question. Wouldn´t it be that they know what it benefits the country?

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By: dhfan - 21st May 2003 at 19:49

So long ago I can’t remember (which could actually mean last week now) I voted for a common market… sorry.
I still agree with that.
I’ve never been asked about anything more.

What politicians of all flavours don’t seem to realise is that the majority of people in this country want less European integration and influence, not more.

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