Ahhh the bankers of the City, London. Like the English aristocrats of their forefathers they watch in bewilderment, when the French propose to change the status qou. They shiver in fear and ask themselves what the frogs are up to now.
If it comes from the country of Robespierre it must be gory, barbaric and headless...
Sarkozy stated on Monday "That the appointment of the Frenchman Michel Barnier as the EU's new internal markets commissioner would rein in the "free-wheeling Anglo-Saxon model" of banking. Tuesday morning the bankers were livid. How could he say such a thing? London was regulating. The EU had overstepped its mandate.
It has gotten so bad that Gordon Brown has forced Sarkozy to cancel a visit to the city as Brown refused to meet him.
The reign of terror has truly begun...The French are taking over. The conservatives are pointing to the statement as a testament of Gordons week position in Europe.
If it comes from the country of Robespierre it must be gory, barbaric and headless...
Sarkozy stated on Monday "That the appointment of the Frenchman Michel Barnier as the EU's new internal markets commissioner would rein in the "free-wheeling Anglo-Saxon model" of banking. Tuesday morning the bankers were livid. How could he say such a thing? London was regulating. The EU had overstepped its mandate.
It has gotten so bad that Gordon Brown has forced Sarkozy to cancel a visit to the city as Brown refused to meet him.
The reign of terror has truly begun...The French are taking over. The conservatives are pointing to the statement as a testament of Gordons week position in Europe.
One banker on Radio 4 BBC stated that the City of London was no business of Europe as financial markets were shaped by their local culture and should therefore be protected from a super national state. Its the first time that I hear an English banker fight for the sanctity of his culture, normally only too happy to sell to the highest bidder, be they Saudi, Russian or heaven help us French...In the words of Russell Crowe in Master and Commander do you want to see the Guillotine in Piccadilly square! NO!
Then on Thursday Royal Bank of Scotland bosses said they would quit if they were not allowed to pay bonuses to their bankers… No one has yet to make the connection…
Yes we have to be carefull about the EU, but are they joking. Local culture, maybe, global recession yes please… Why would you want to regulate, I mean look at the UK its going great…oh we have the worst deficit of the G20…hmmm I wonder why that might be?
I don’t agree with P. Sarko that the French are the guardians of economic policy, but rethinking how things are done in the City is something that I can certainly subscribe to.
Have we forgotten where we were a year ago or are we going to do something to prevent it happening again (yeah right).
On Maximilien the brits were right, but I am not so sure that they have gotten it right on P. Sarko
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Ande Brown is the first one to propose a 50% tax on bonuses to please the upset tax payers who saved the bankers a few months ago...
Is the world going upside down?
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