tag:blogger.com,1999:blog-5574211.post7252493533347780551..comments2024-03-28T12:05:30.797+00:00Comments on One Page In A Library of Millions: ESM TreatyUnknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5574211.post-3408008822267435282011-09-02T21:23:08.100+01:002011-09-02T21:23:08.100+01:00Thanks Span.
Shy, the prinicple that all members ...Thanks Span.<br /><br />Shy, the prinicple that all members of a club should help all other members of a club is honourable but it can't work in practice because of the disparity in terms of economic power.Paulhttps://www.blogger.com/profile/15984687997030721919noreply@blogger.comtag:blogger.com,1999:blog-5574211.post-29192988121700600982011-09-02T20:16:42.466+01:002011-09-02T20:16:42.466+01:00Thank you, Paul. It's kind of you to take the ...Thank you, Paul. It's kind of you to take the time to give an explanation.<br /><br />Do you think the principle is wrong or is it a case of the "devil in the detail"?A Northern Blokehttps://www.blogger.com/profile/14730642187098609345noreply@blogger.comtag:blogger.com,1999:blog-5574211.post-78769401825202076702011-09-02T06:57:14.624+01:002011-09-02T06:57:14.624+01:00should be "if IT were a company"...and s...should be "if IT were a company"...and should be 'unelected' but undetected sounds good too!<br /><br />Also, the Lisbon treaty was CHANGED to allow this AND although it is taxpayers' money that gets paid in it ISN'T their money once it's in.Span Owshttps://www.blogger.com/profile/10144861546996033462noreply@blogger.comtag:blogger.com,1999:blog-5574211.post-31641718520158228492011-09-02T06:53:29.732+01:002011-09-02T06:53:29.732+01:00Thanks for the link Paul...and the explanation to ...Thanks for the link Paul...and the explanation to Shy...my attempt would be about 10 words and equivalent to a violent Tourettes sufferer ;-)<br /><br />Your last couple of paragraphs is what i would have concentrated on, plus the "votes" for shares and when a weaker economy hasn't coughed up the other countries get the shares... takeover territory if I were a company. <br /><br />Span Owshttps://www.blogger.com/profile/10144861546996033462noreply@blogger.comtag:blogger.com,1999:blog-5574211.post-78350197600179927042011-09-01T20:04:08.293+01:002011-09-01T20:04:08.293+01:00I'll try!
It's based on an 'all for o...I'll try!<br /><br />It's based on an 'all for one and one for all' principle that should anything go wrong with the Euro there will be a fund to meet any problems. The problem is that the fund is based around what is called 'callable capital' which basically means that everybody must cough up to meet their obligation. The fund total should be 700bn Euro of which only 80bnPaulhttps://www.blogger.com/profile/15984687997030721919noreply@blogger.comtag:blogger.com,1999:blog-5574211.post-26213348049223200912011-09-01T18:28:59.506+01:002011-09-01T18:28:59.506+01:00Paul, as you know, I am not an accountant and from...Paul, as you know, I am not an accountant and from my last post you'll realise that my grasp on economics is not as tight as perhaps it should be.<br /><br />Please could explain why this treaty is as bad as people are making it out to be?A Northern Blokehttps://www.blogger.com/profile/14730642187098609345noreply@blogger.com