Wednesday, 10 October 2012

EU calls Cameron's bluff

You have to laugh at anything Brussels emits these days, including this Hungarian paprika blast:

Brussels has fired a shot across the bows of Britain’s Conservative-led coalition government, saying it is increasingly concerned about attacks on core EU principles and threatening to take the UK to court if it fails to respect key elements of the bloc’s laws.

David Cameron’s decision to review and potentially curtail a longstanding right for EU citizens to live and work in the UK could also harm British business, the EU’s social affairs commissioner said. “There is no evidence that the workers who come to the UK are crowding out British workers,” László Andor told the Financial Times in an interview.
http://link.ft.com/r/VKY5JJ/4C63V5/NU1PF/169PPL/IEEMFK/ID/h?a1=2012&a2=10&a3=10

On a more serious note...

IMF calls for euro action to avert
global catastrophe

Risks to the global financial system have increased as capital flight threatens to tear the eurozone apart, the International Monetary Fund has warned.

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