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Economy
In reply to the discussion: STOCK MARKET WATCH, Monday, December 12, 2011 [View all]xchrom
(108,903 posts)55. Britain – like the Cayman Islands, in the rain
http://www.presseurop.eu/en/content/article/1277451-britain-cayman-islands-rain
Britain is not leaving the European Union, just yet. But the EU may already have abandoned Britain. The fog of the Battle of Brussels, 8-9 December 2011, is still clearing. But psychologically and politically a Rubicon has been crossed, both in Brussels and in London.
The Prime Minister has played a poor hand very badly. He has put Britain into a position of deep isolation within the EU which even Mrs Thatcher in her "money-back" days skilfully avoided. He has given the circling sharks of the Eurosceptic backbenchers and press a taste of blood which could rapidly turn into a feeding frenzy.
Months of difficult negotiations lie ahead in which Britain will find itself willingly cast as the villain by our anxious European partners as they struggle to avoid the collapse of the euro. In such a febrile mood, in Britain and on the Continent, the possibility of a de facto, or even actual, UK departure from the EU is no longer unthinkable.
Past EU-UK battles have been about important but fundamentally secondary issues, such as farm policy or budget contributions or "mad-cow" beef exports. Mr Cameron has managed to manoeuvre himself into a position of Britain vs the Rest on the most fundamental issues of all: the survival of the euro and the EU itself.
Britain is not leaving the European Union, just yet. But the EU may already have abandoned Britain. The fog of the Battle of Brussels, 8-9 December 2011, is still clearing. But psychologically and politically a Rubicon has been crossed, both in Brussels and in London.
The Prime Minister has played a poor hand very badly. He has put Britain into a position of deep isolation within the EU which even Mrs Thatcher in her "money-back" days skilfully avoided. He has given the circling sharks of the Eurosceptic backbenchers and press a taste of blood which could rapidly turn into a feeding frenzy.
Months of difficult negotiations lie ahead in which Britain will find itself willingly cast as the villain by our anxious European partners as they struggle to avoid the collapse of the euro. In such a febrile mood, in Britain and on the Continent, the possibility of a de facto, or even actual, UK departure from the EU is no longer unthinkable.
Past EU-UK battles have been about important but fundamentally secondary issues, such as farm policy or budget contributions or "mad-cow" beef exports. Mr Cameron has managed to manoeuvre himself into a position of Britain vs the Rest on the most fundamental issues of all: the survival of the euro and the EU itself.
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I think it belongs in LBN for the same reason that even NPR updates Market numbers all day
bread_and_roses
Dec 2011
#23
Wow, this is like back to the future. It's already Monday somewhere, I guess - LOL!
InkAddict
Dec 2011
#11
Perhaps lobbying the rotating honchos at LBN and/or Admin could recover SMW posting rights there,
Ghost Dog
Dec 2011
#98
Once again, the SMW thread that was posted and locked was NOT a current SMW OP
Tansy_Gold
Dec 2011
#97
There is a lot of deja vu going on, and to different periods of modern European history.
amandabeech
Dec 2011
#87
Well, perhaps here is a market opening for a firm actually contractually committing itself to not
amandabeech
Dec 2011
#88