Did Gordon Brown Make the Worst EU Mistake of Any British PM?
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  • WigWag

    Plus there is the fact that Lady Ashton is a moron who isn’t up to the job of being Europe’s foreign policy chief.

  • Jack

    Surely it would be an exaggeration to suggest that the possible decline of London’s financial services sector can be blamed largely on one bureaucratic appointment.

    Some financial commentators have been saying for years that London’s financial services sector is destined for a major purge. Much of what goes on in the City and Canary Wharf nowadays is merely avaricious trading as opposed to principled investment and does not add much real value to the economy.

    In the long run, perhaps a less powerful financial sector would be a good thing as it would encourage Britain to take steps to diversify its economy.

  • Walter Sobchak

    The worst mistake was joining the EU. The rest is details.

  • Eric

    I suspect Mr Brown was not fighting a battle he knew he couldn’t win. Germany and France would never accept an Anglo-Saxon capitalist to an EU financial services portfolio when they consistently deride the Anglo-Saxon capitalist model.

    But their own mistake is to do the same: fight a battle they can’t win. The UK could never accept a Tobin tax which falls 70% on them and which hits their main source of competitiveness. Especially with the Conservative Party in power. Since the Germans and French are intelligent you would have to ask what is the real motive?

  • Brett

    Nah, I think the Brits will back out of the EU before sacrificing the City on the alter of European solidarity. It’s the only part of the private sector that’s generated significant net jobs in the past decade or so.

  • Kris

    [email protected]: “there is the fact that Lady Ashton is a moron”

    There’s only one thing worse than having a moron as Europe’s foreign policy chief…

  • Jim.

    Why in the world did the British join an organization so damaging to their interests?

  • Eurydice

    Well, it’s not enough to wave a pen and call yourself the financial heart of Europe – you’ve got to keep the customers. And considering how the EU has conducted its economic affairs, I wouldn’t trust them with a penny.

  • Anthony

    In-depth economic and political analysis and reports for companies, organizations and institutions ( hints at your Brussels ), go to CWIIL GROUP: http://www.cwiilgroup.eu

  • Tom Richards

    Jim – Ideologically driven statement politics lunacy. There has been for some time a bien-pensant consensus to the effect that anyone who opposes European integration is a warmongering xenophobic dinosaur.

  • Andrew P

    As a famous Brit said, “The Euro is a burning building with no exits…” I think decision time for the UK and the EuroZone is at most 5 years away.

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