Britain will not participate in the latest “fix” to the European Economic collapse – an EU banking union. He effectively outlines his reasons below and it is his responsibility to protect the people he represents. Now if only we could get Ben Bernanke and Tim Geithner to understand that the united States is not subservient to the Rothschilds. The consequences of taking responsibility for past fiscal actions will be severe with the distinct possibility of a world wide depression. Or the realization that we are already in a depression that has been covered over by printing presses.
David DeGerolamo
David Cameron: We won’t take part in EU banking union – it’s not our currency
David Cameron insisted today that he would not ask British taxpayers to underwrite the debts of ailing banks in Greece and Spain, saying: “It is not our currency.”
The Prime Minister has put his weight behind proposals for closer fiscal union between the 17 eurozone nations – perhaps by the issue of eurobonds which would allow them to share the burden of debts.
But today he left no doubt that Britain would not be involved in any such arrangement.
Speaking in Berlin, Mr Cameron said: “I can understand why eurozone countries may want to look at elements of banking union.
“Because we are not in the single currency, we won’t take part in the profound elements of that banking union.
“I wouldn’t ask British taxpayers to stand behind the Greek or Spanish deposits. It is not our currency, so that would be inappropriate to do.
I pray that Bernanke, Geitner, and Obama not only heard those words, but that they also got the message -- it’s not our fight, and we’d best stay out of it. We’ve already done quite enough, in fact!
LT