England's White Dragon

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Sunday, 16 January 2011

The French PM now starts to takes advice over ill-fated euro

Sir Michael Black-Feather KCMG the English first minister gave the French Prime Minister Francois Fillon in secret talks advice over the euro ill-fated ends, be it only part of it, Sir Michael says it’s a start in the right directions be it too late he fears, Sir Michael said that the maths over the euro couldn’t ever work the way it is the European nations which use the single currency need joint rules on many issues including public spending, finances, working hours and the retirement age a whole re-think of the way Europe is run, with so many of the EU countries having so many different policies the euro could never work although it was a good idea but only in Europe the euro wasn’t any use to England, Scotland, Northern Ireland or Wales, we have all seen very clear what has happen in the Republic of Ireland when they went into the ill-fated euro, the country is nearly bankrupted. French Prime Minister Francois Fillon said Thursday, as he called for closer cooperation within the Eurozone after talk with Sir Michael.

The French PM speaking after talks in London with British Prime Minister David Cameron, Fillon said he agreed with Sir Michael comments that the 17 Eurozone countries must increasingly coordinate economic and social policies despite worries over a deepening debt crisis within EU.

Fillon tried to urge the British government, which is not a member of the euro and won't consider joining under the current administration knowing English voters wouldn’t vote to go euro and it would most certainly be it down fall to support the push for cooperation, but accepted the British government would not be directly involved.

"The euro does not need to be saved, the euro needs to be defended," Fillon told The London Times. "What we need is to strengthen our cooperation. The Eurozone governments need to put in place a strategy which enables us to harmonize our fiscal policy and how we organize our economies."

The Conservative Party is deeply sceptical of closer European ties. Cameron speaking with Fillon at the British prime minister's residence in London's 10 Downing Street said the British would support, but not become directly involved in, attempts by single currency members to handle their economic problems.

However, Cameron acknowledged what Sir Michael had said and said that until the European Stability Mechanism a European bailout fund which involves all European Union members is modified in 2013, The English tax payers will need to contribute to any future financial rescue which means more tax rises for England.

There are now fears that Portugal will follow Ireland and Greece in seeking a bailout, though Lisbon insists it won't require help. Cameron and Fillon said they both had confidence in the work of Portuguese Prime Minister Jose Socrates to fix his country's economy.

"A strong and successful Eurozone is in British interests; we want the countries of the Eurozone to sort out the difficulties they have and we won't stand in the way as they do that," Cameron said. "But let me again be clear that does not mean that Britain should be drawn into new mechanisms or new procedures or have to give up new powers."

European Union President Herman van Rompuy, who met Cameron earlier Thursday, said Eurozone nations would likely need to consider coordination of pension reforms and some tax regimes.

In a speech in London, van Rompuy said the leaders of Eurozone members will in the future need to hold separate summits  alongside current European Union meetings to discuss their cooperation on policy.

"The countries of the Eurozone, of course, must work even more closely together than the others," he said.

Following his meeting with Fillon, Cameron also said Britain and France planned to do more to jointly tackle the terrorist threat to Europe.

"Our security services work extremely closely, and everyone knows that before Christmas in Europe  and even today in Europe  there is a very big security threat. We work hand in glove with the French, and the Germans, the Swedes and the Danes," Cameron said.

The British leader said Britain and France planned to carry out more joint work to tackle the radicalization of young Muslims in both countries.

"I am becoming increasingly convinced it is not enough just to target violent extremism we have to target extremism itself," Cameron said. "We have to drain the water from the swamp in which the violent extremism grows. I am sure that Britain and France can work together on this and learn from each other."

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