Wednesday, 8 September 2010

Mission Creep

The buggers are after our money again.

The great Euro Project is coming to its end in a shambolic decline of a currency that was doomed, pretty much from the start, as the EU rushed willing states into it's socialist utopia.

But they still want our money and so the new project begins with the EUs creation of three super-regulators for the finance industry ,called 'European Supervision Authorities (ESAs) ,that will oversee areas such as derivative markets, banking and insurance. These authorities will be able to intervene in the activities of member states financial institutions and, most importantly, will sit above individual national regulators. Over time, it is planned that these organisations will gain sweeping powers that will allow them to effectively control national markets and financial institutions.

I will award no prizes for guessing why the EU are doing this, but one thing is for sure, it won't work in our favour. Shame there is no one fighting our corner!

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