Financial Crisis: EU creates its own West Lothian Question

The European Commission is to set out next Wednesday its plans for creating a permanent bail-out fund for eurozone states, officials in Brussels confirmed Friday.

The eurozone has been shaken to the core by Greece’s financial meltdown, which forced it to stump up an emergency 110-billion-euro rescue loan. The euro’s original rules were meant to ensure that such rescues were never needed.

The fund would be designed to bail out eurozone states which are threatened with bankruptcy. However, the proposals would have to be approved by those EU member states in the Eurozone and the European Parliament which represents ALL member states, and it could be amended in the process.

I wonder whether those Eurozone states are happy that representatives of non Eurozone states in the European Parliament can pass or amend laws burdening only their taxpayers.

The proposal is set to be part of a package of measures designed to improve economic coordination and policing between eurozone states, after Greece for years ignored the zone’s rules and lied about its figures. Some diplomats say that eurozone states were aware of the problems, but preferred not to react to them.

Now they will have their rules reinforced by countries not tied to the Euro. I wonder if those Eurozone states will react in much the same way that the English do to the West Lothian problem.

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About IanPJ

Ian Parker-Joseph, former Leader of the Libertarian Party UK, who currently heads PDPS Internet Hosting and the Personal Deed Poll Services company, has been an IT industry professional for over 20 years, providing Business Consulting, Programme and Project Management, specialising in the recovery of Projects that have failed in a process driven world. Ian’s experience is not limited to the UK, and he has successfully delivered projects in the Middle East, Africa, US, Russia, Poland, France and Germany. Working within different cultures, Ian has occupied high profile roles within multi-nationals such as Nortel and Cable & Wireless. These experiences have given Ian an excellent insight into world events, and the way that they can shape our own national future. His extensive overseas experiences have made him all too aware of how the UK interacts with its near neighbours, its place in the Commonwealth, and how our nation fits into the wider world. He is determined to rebuild many of the friendships and commercial relationships with other nations that have been sadly neglected over the years, and would like to see greater energy and food security in these countries, for the benefit of all. Ian is a vocal advocate of small government, individual freedom, low taxation and a minimum of regulation. Ian believes deeply and passionately in freedom and independence in all areas of life, and is now bringing his professional experiences to bear in the world of politics.
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3 Responses to Financial Crisis: EU creates its own West Lothian Question

  1. jameshigham says:

    Now we have to interest people in it.

  2. Sean O'Hare says:

    Ian wrote:

    Cameron and Clegg after a good deal of horsetrading and compromise on both their manifestos. This surely cannot be what people wished for when they placed their votes

    I agree with most of what you have written in this post. My only problem is that I fear any form of PR system would lead to coalition governments becoming the norm. Consequently no party would ever able to carry out policies that its supporters voted for.

  3. Sean O'Hare says:

    Sorry posted my comment on the wrong article. Never mind.

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