EU plots revenge against Britain
This is exactly the kind of behavior that American conservatives and UKIP have warned would happen.
The EU is undemocratic, has ignored referendums, the most powerful positions are unelected, the EU has governed against the will of the people, and recently it has behaved more and more as a tyrant.
Here is the latest example:
BRITAIN last night faced a revenge attack for David Cameron’s EU snub when a senior Brussels bureaucrat promised a new deluge of damaging red tape on UK business.
European economics commissioner Olli Rehn insisted that the EU could override the Prime Minister’s veto to slap more regulation on the City of London.
And he vowed that Brussels would ignore Mr Cameron’s bid to protect British finance and British jobs.
Finnish-born Mr Rehn said: “If this move was intended to prevent bankers and financial corporations in the City from being regulated, that is not going to happen. We must all draw lessons from the financial crisis and that goes for the financial sector as well.”
In a further threat, the commissioner added: “The UK’s excessive deficit and debt will be the subject of surveillance like other member states, even if the enforcement mechanism mostly applies to the euro-area member states.”
His remarks were being seen last night as the opening salvo in a new offensive by Brussels chiefs to isolate and bully Britain as punishment for Mr Cameron’s defiant stand against a further EU power grab.
And they provoked outrage among Tory MPs last night following fears that more EU tax and regulation on the City could cost up to 500,000 jobs across the UK.
Conservative MP Douglas Carswell said: “This unelected commissioner has helpfully reminded us exactly why we need to be outside the new fiscal union.
“Britain needs to be outside the EU, like Switzerland, to keep our banks and other financial institutions outside the clutches of bureaucrats like Mr Rehn.
“If he is such an economic genius, why is the continent that he helps to preside over heading down a debt vortex? He should be worrying about his own maths, not ours.”
Stephen Booth, of the Euro-sceptic think tank Open Europe, said: “The threat of EU regulation on the City of London remains.
“The British Government must continue to push to prevent any further unnecessary and unwanted regulation from Brussels.”
Mr Rehn yesterday spoke of his “regret” that Britain was refusing to join the new “fiscal union” economic bloc championed by German Chancellor Angela Merkel and French President Nicolas Sarkozy.
The Prime Minister used Britain’s veto at a summit in Brussels to reject EU treaty changes to give Brussels sweeping new economic powers that could hit the City. He was given a massive cheer by Tory MPs at Westminster yesterday for his stand.