Business

David Cameron to EU: FREEZE! We Can’t Afford You!

Business

Retired from American Airlines after a 34 year career in corporate treasury management. Professional income tax preparer. Graduate of Georgetown University (BS Foreign Service) and The University of Texas at Arlington (MBA). Contributor to TMR since 2007. Host of "Italian Tomatoes" show on Blog Talk Radio. I am a center-right Republican with a passion for business, history and current affairs. Visit my radio show page on Facebook! (Or go directly to Blog Talk Radio to listen to My latest podcast- "Myths Of The Caliphate"

Christmas is around the corner, and so is budget time for the European Union.  David  Cameron has crossed the Channel to play a familiar English villain in Brussels: Ebeneezer Scrooge.  The British Prime Minister is insisting on a budget freeze, which is a scandal for the high-living EU political classes, who had hoped for an increase in their  €130 billion budget despite the economic malaise gripping the continent.

 

 

Cameron is not alone.  The net contributor nations of the EU, including Germany,  want the organization to go on a financial diet, but there is a considerable political pressure for more spending from the poorer countries, most of which are in the southern half of Europe.

For perpetual EU skeptic and scold Nigel Farage, a freeze is not enough.  He points out that Britons have become fed up with the fiscal and regulatory excesses of the EU, and claims that a majority now want to leave.  He may be oversimplifying, but it is clear that there has been a sea change in British attitudes towards the EU, and that Brussels has lost its sacred cow status.  It is now perfectly acceptable for a British politician to tear into the EU, whereas it was political near-suicide just a decade ago.

Enjoy the fireworks!

 

 

 

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