Vince Cable on sinking Euro and EU financial crisis (18Dec11)

Liberal Democrat coalition gov. business secretary Vince Cable talks about the EU, the sinking Euro currency, David Cameron's veto of proposed EU treaty, and marriage tax breaks.

Recorded from BBC's Andrew Marr Show, 18 December 2011.

Category:

News & Politics

Tags:

• Vince Cable
• libdem
• liberal
• democrat
• coalition
• business
• secretary
• gov
• government
• uk
• eu
• eussr
• europe
• european
• union
• euro
• financial
• crisis
• bbc
• andrew
• marr
• show
• 18
• december
• 2011

[GamD2]

UK has way more debt, just love the way they try spin it

[HDaviator]

@GamD2

Debt really isn't the problem, the problem is what control you have over your debt. For example, if the debt in the U.S. gets too high, all we do is raise the debt limit, so that we can borrow more money. It sounds ridiculous but that is what we do. I assume the U.K. does the same thing. However, countries in the EU, they have no control over their economy, because they have no control over their currency. The EU would work if countries where responsible with their spending, they aren't.

[DeadOriginal]

LOL.. WTF is Vince Fable on about, @1:49 "Anglo Saxon Financial Capitalism". I wonder how much he was bribed to spin that pile of bollocks..

I'm sure we all know by now who runs the banks !!

[ljlondon]

@GamD2 Gam, they are 'trying to "protect" the city of london' (sic) because that is our most important industry. If we proposed a 'tax' on every car manufactured over 2l then the German government would be 'trying to protect' their industry, and if we proposed a tax on cars below 2l then the French would be 'trying to protect' their industry.

The fact is the EU stinks, corrupt to the core, with personal interests driving every decision, and the EU is shrinking as the rest of the world expands.

[HDaviator]

@GamD2

Not, but the U.K. isn't part of the Euro, so they have more control over their own economy. Therefore, even though they have allot of debt, its not that big of a deal, as compared to a country like Greece that cannot devalue its own currency in order to pay back the debt.

[GamD2]

@HDaviator /watch?v=ReAgkWw8ue8 why you think they trying to " protect " the city of london? " he EU would work if countries where responsible with their spending, they aren't." And UK was?

[MetaReaLizard]

@HDaviator Indeed, the banking and fiat currency system is designed to create debt and inflation. The reality of credit ratings is whether the country is doing as it is told by it's banking owners. Our governments are in their pockets like $10 crack whores. No amount of austerity will change that... we'll never be paid up... we'll never go clean. Not until we take the pimp ass banks out! That's where the cuts should start! Banks don't feed people, or build roads and houses, we do.

[Melandrusranger]

Yeas im pretty much forever alone eternally single

[codownni]

@ukipwarrior

The family is a building block of civilised society, it must be encouraged and rewarded.