Via Merkel wins rescue fund vote after raising spectre of war – Telegraph: She told MPs: “Nobody should take for granted another 50 years of peace and prosperity in Europe … that’s why I say: If the euro fails, Europe fails. Quite. It’s what I was getting at when I wrote […]
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Via BBC News – EU referendum: Cameron says no bad blood towards rebels
“There’s no, on my part, no bad blood, no rancour, no bitterness. These are valued Conservative colleagues, I understand why people feel strongly and we will go forward together and tackle the difficult decisions the country faces.” via BBC News – EU referendum: Cameron says no bad blood towards rebels. […]
Read MoreThe EU should be abolished
Via Calls for a referendum on EU membership after David Cameron’s U-turn on tax | World news | The Observer: Tory and Labour MPs believe that if the eurozone moves towards a single tax system – as chancellor George Osborne advocated again – then the EU will become a fundamentally […]
Read MoreA serious commitment to crew weight
Each year, the good people of High Wycombe weigh the Mayor, the councillors and the MP to check who is gaining weight at taxpayer expense. It’s a magnificent idea but strangely my Westminster colleagues seem reluctant to institute the tradition on Parliament Square. Unfortunately, I put a little weight on […]
Read MoreBailouts are a dead end but bilateral debt cancellation could transform the European crisis
Over on ConservativeHome, I introduce an interesting piece of work by Anthony J Evans and Terence Tse of ESCP Europe: Many will argue that Eurozone financial stability is in Britain’s interests and they are right. That’s why the Government should look carefully at a new report by two Associate Professors […]
Read MoreProposed 2012 EU budget to increase UK contribution by £680 million
Via Open Europe: The European Commission has today tabled its proposal for the 2012 EU budget. The proposal will see the EU budget increase by 4.9%, or €6.2bn – more than two percentage points above inflation. This would take the budget from €126.5bn in 2011 up to €132.7bn in 2012, […]
Read MoreI wonder what the weather is like on Planet EU?
Via Open Europe: The European Commission will next week propose that the budget for the European Union in 2012 should be increased from its current level. The proposal will set in train a prolonged period of wrangling between the Council of Ministers and the European Parliament, over both the total level […]
Read MoreIt’s not our job to save the euro – Telegraph
Via It’s not our job to save the euro – Telegraph: The failure of the euro will signify the failure of the European ideal, and that is why eurocrats fight so hard for it. What should have been a club of free-trading nations over-reached itself, and sought to unite people with […]
Read MoreEuropean Union economic governance
I spoke last night in the European Union (Amendment) Act debate: Steve Baker (Wycombe) (Con): First, I wish to associate myself with the remarks of my hon. Friend the Member for Harwich and North Essex (Mr Jenkin). Too often when addressing questions such as the one under discussion we get bogged […]
Read MoreConservativeHome’s Platform: Steve Baker MP: These disappointing GDP figures give us three choices – denial, despair or deregulation
Back in July, I argued that because most contemporary economists lack an adequate theory of capital – that is, of the structure of relative prices and how they change through time – their policy advice is bound to cause worse problems later. Quantitative Easing and further credit expansion through artificially […]
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