Monday 12 December 2011

HOW SPLENDID IS ISOLATION?


We all get a warm feeling being elected to a club or being picked to play in a cricket or football team. It’s good being wanted. Winning the struggle to get a good job because they prefer you to the other guys or quite simply being a popular person matters.

Don’t be embarrassed.

We all want to be liked.

So what happened in Brussels last week was very uncomfortable. We were cast out. Like Judas. We were the lonely 1 out of 27 - although I do wish that David Cameron had swaggered more instead of looking apologetic and sorry for himself. He needed to look as though he was right and they were wrong which for month after month they have been.

Trouble is it keeps on happening to us. A few months ago it was FIFA kicking dust in our face with Sebb Blatter asserting his corrupt right to rule and now this.

But the 5th biggest economy in the world is Germany, followed at joint 6th by the UK and trailed by France at 9th and Italy at 10th. Yes we are that important.

So the real tragedy here is for the EU who, in not wooing and, yes, making concessions to the UK, the second biggest economy in greater Europe, and thereby persuading us  to play a big front of stage part in solving the Euro-crisis, has now almost certainly led to the crash of their doomed currency. Especially as France who seemed pretty pleased about (as they saw it) seeing off Britain, are rumoured to be likely to lose their triple “A” credit rating this week.

It’s important to realise that Europe contrived to exclude us not vice versa.

You will gather I am not an entire fan of France but to be fair their President has just four more months before elections that look likely to unseat him and he’s tried to play the “see how I beat Britain” card as a desperate political stratagem.

But it still feels lonely and rancorous for us today. It’s not nice being blamed and being told, as Paddy Ashdown did, that forty years of foreign policy had gone down the plughole in a single night and being told off by the Lithuanian Prime Minister.

But how isolated will we be in the end?

The last words on that go to Terry Smith CEO of Tullett Prebon the broker…
“…as isolated as somebody who refused to join the Titanic just before it sailed”.

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