tag:blogger.com,1999:blog-36227136.post3069320634140501888..comments2024-01-16T08:40:53.682+00:00Comments on <a href="http://www.openeurope.org.uk">Open Europe</a>: When ideology meets economic reality (part III): Germany squabbles over the Financial Transaction TaxOEhttp://www.blogger.com/profile/00556463374230498875noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-36227136.post-43896562287750265842013-05-28T15:12:27.107+01:002013-05-28T15:12:27.107+01:00Barroso may have crowed about the FTT but the auth...Barroso may have crowed about the FTT but the authors of this piece of legislative trash - are the French.christhaihttps://www.blogger.com/profile/05295016591612384314noreply@blogger.comtag:blogger.com,1999:blog-36227136.post-36490992454895795702013-05-25T14:22:55.052+01:002013-05-25T14:22:55.052+01:00FTT has Barroso (give or take an r or an s) writte...FTT has Barroso (give or take an r or an s) written all over it.<br />Which means:<br />-not conceptional (no basic concept behind it (more a stew with different ingredients of which the cook didnot really know what he was doing) and no overall view about its set up, deals with several items without trying properly to bring these together);<br />-totally focussed on making the EU and its institutions more important (more powers and if possible own revenue source).<br />-Lack of technical knowledge about the subject matter.<br /><br />It is all totally predictable. However that means there will be reasons galore and plenty of complications not properly considered. Which means there is a near endless source of discussion points you can come up with. Not even to mention the wording which is usually crap with the EU.<br /><br />Likely the most effective strategy will be let it drown in complications (as is basically happening now) and defer actual decisions because of that. Until politicians and the public with it (this is not the debtcrisis but a thing that will be forgotten and anyway unlikely make much difference at the polls) lose interest and it can be safely put where it belongs: the dustbin.<br /><br />Mainly the work by some people from the left with a proper understanding about underbelly feeling of their electorate but none about financial issues. Make clear that eg pensionfunds (one of the top-priorities for their electorate) will have to pay a price and therefor pensions will get hit. And that kind of stuff.Riknoreply@blogger.comtag:blogger.com,1999:blog-36227136.post-76121872674345010552013-05-25T09:21:56.965+01:002013-05-25T09:21:56.965+01:00All EU regulation on financial services is designe...All EU regulation on financial services is designed to close London down.<br /><br />Will any of the regulations ;<br /><br />1. Make markets safer?<br />2. Improve market efficiency?<br />3. Save investors and market participants money by lowering costs?<br />4. Improve the overall investor experience?<br />5. Give investors the regulation that they demanded and need?<br /><br />THE ANSWER IS NO.<br /><br />Let us all not be naive, this is a TRADE WAR.<br /><br />Why on earth did Gordon Brown surrender the UK's veto on Financial Services?Anonymousnoreply@blogger.com