We need to stay in the European Union - or risk losing up to £92bn a year

[dipsydoodle]

Some of Britain’s most successful and eminent business leaders have accused Eurosceptic MPs of putting “politics before economics” and abandoning the national interest in their calls for Britain to leave the European Union.

In a letter to The Independent, the group issues a trenchant riposte to politicians who have argued that Britain’s economic interest would be better served outside the EU. They also call for David Cameron to “strengthen and deepen” the European single market to boost Britain’s economy by £110bn. The letter, which is signed by senior figures including the current and next presidents of the Confederation of British Industry (CBI) as well as the chairmen of BT, Deloitte, Lloyds and Centrica, is the first co-ordinated response from the business community to increasing anti-European political rhetoric.

It reflects growing concern in the City that anti-European feeling is not being effectively countered by mainstream political leaders in the wake of last month’s local council elections.

Two cabinet ministers have already publicly stated that they would vote to leave the EU if a referendum were held today, while privately some senior Tories believe Mr Cameron will never be able to negotiate a new deal for Britain’s membership that Eurosceptics could willingly sign up to.

http://www.independent.co.uk/news/uk/politics/british-business-we-need-to-stay-in-the-european-union--or-risk-losing-up-to-92bn-a-year-8622925.html

[Turbineguy]

1. There's a certain irony to this

in that it's the financial manipulations from the City that did so much to harm the European and US economy.

[another_liberal]

2. European Union . . .?

That's a subsidiary of Germany's Deutsche Bank, right?

[dipsydoodle]

3. Do you mean

the Bundesbank which is is the central bank of the Federal Republic of Germany ?

[dipsydoodle]

5. Bundesbank hold the purse strings

as far as bailouts etc are concerned.

[dipsydoodle]

7. What's makes you think

that the Deutsche Bank as opposed to the Bundesbank Bank has any say whatsoever in the use of receipts of German taxes ?

[dipsydoodle]

9. Those links are in reference to the Deutsche bank buying or not buying

Last edited Thu May 23, 2013, 04:41 AM - Edit history (1)

Greek bonds whatever.

I still don't think you understand the difference between the Deutsche Bank and the Bundesbank which holds ALL of Germany's reserves.

[muriel_volestrangler]

12. No; Greek debt, for instance, is mostly to public institutions

The ECB is one of Greece's three principal creditors along with the European Commission and the International Monetary Fund.

http://www.enetenglish.gr/?i=news.en.article&id=923

If you think Deutsche Bank 'calls the shots', then link to some commentator saying so., So far, you've just shown Google searches for Deutsche Bank. Of course Deutsche Bank always turns up in those.

[another_liberal]

13. Deutsche Bank is indeed "mentioned" in the articles dealing with Greek debt.

You need to read some of those links, in many of them it is the central villain. Even more to the point, quit trying to defend the odious greedheads at Deutsche Bank, they are cold, uncaring and cruel people. Their actions have proven that much.

[muriel_volestrangler]

14. Do you understand how Google works?

If you put in "Deutsche Bank" in your search terms, then the results will include "Deutsche Bank". Since you have put "Deutsche Bank" is both of your searches, then your results will include Deutsche Bank. This does not show that Deutsche Bank is the 'central villain'.

if you think it is the central villain, then point to a specific article saying so. In the mean time, here's a list of the main Greek creditors:

http://cashandcurrencies.blogspot.co.uk/2011/06/main-creditors-of-greece.html

Deutsche Bank is at number 25.

I'm not 'defending' Deutsche Bank. I'm saying they are not relevant to a discussion of who controls the EU, or whether us leaving the EU will cost a lot of money.

[muriel_volestrangler]

17. No, you're wasting our time, by hijacking a thread about the EU

to insert your own misconceptions about it and Deutsche Bank. You can't remember what you read, but you're eager to tell us that you have all the answers. And you think that anyone who actually checks the facts and then corrects you must be in someone's pay. You're a waste of space on this site.

[another_liberal]

19. Yet you continue to respond, don't you?

If you don't want me to accuse Deutsche Bank alone, lets change my initial comment to:

"The EU? Isn't that a subsidiary of the Mega-Banks?"

Are you going to try and tell me that the big banking interests (German and others) aren't behind EU policies of increasing austerity and holding down inflation, despite the former being pure, greed-driven cruelty and the latter which might help ease suffering of the poorer classes?

[another_liberal]

16. You appear to have a great deal invested . . .

What we should be talking about is the reality that Mega-Bankers have caused so much suffering among the poor workers of Europe's less wealthy nations there will likely not even be an EU in a few more years to which Great Britain can belong.

I'll bet that scares you silly? Whether it's financial, emotional or whatever, you do appear to have a great deal invested in that enterprise on some damn level.

[oldironside]

18. Just accept it, mate...

... you're making a fool of yourself in a forum that's usually pretty harmonious and full of well-founded opinions. Both dipsydoodle and muriel are well informed and articulate. Judging by what you've posted, you ain't.

[another_liberal]

20. Buy into their corporate crap if you want.

I am not going to.

[oldironside]

21. Hang on,

I'm a happy servant of the German government. Does that count?

[another_liberal]

22. Everyone has to make a living.

Except, of course, those of us who have independent means. You know, those who live off the dividends from daddy's stock portfolio.

By the way, aren't you supposed to be working?

[LeftishBrit]

23. Could you please stop being ridiculous?

Being against the bankers is one thing. Making shrill accusations against three members in good standing of this forum (so far; no doubt I'll be the fourth now) is another. All they did was correct you on points of fact, not say that they loved the banks!

[another_liberal]

24. What "shrill accusations"?

I have no idea what you are talking about.

If you have complaints about my postings, take it up with the management.

[oldironside]

11. Could I just butt in at this point...

... and say that I once had an account with Deutsche Bank, but I've never heard of anyone having an account with the Bundesbank. Actually, maybe the Greeks.