Eu

Has the taxpayer received bang for buck from Baroness Ashton?

A great deal of fuss is being made about Baroness Ashton’s retirement salary. She leaves her ludicrous post as High Representative for Foreign Affairs at the European Union next year — and is being given only £400,000 to tide her over the next few years. I think that is quite modest: sometimes, you see, the taxpayer has to take a deep breath and cut his losses. Better this woman be paid £400,000 for doing absolutely nothing, rather than receive her full salary for carrying on doing useless, pointless things in Brussels. It would be interesting, though, to add up how much the state and the taxpayer has forked out for

Over 100 Tory MPs demand EU referendum bill: exclusive details

Tory backbenchers have written again to the Prime Minister demanding legislation guaranteeing a referendum in the next Parliament. Conservative MP John Baron delivered the letter, which bears more than 100 backbench signatures, to Downing Street this morning. While its existence was reported in the Sunday papers, Baron has now spoken exclusively to Coffee House about the letter’s contents. I understand that though Baron and his colleagues working on the plan approached only backbenchers (and those include former ministers who left the government in September’s reshuffle), a number of ministers and PPSs have also approached them to express sympathy with the idea, and there are several individual letters from PPSs going

Despite the fanfare, David Cameron still isn’t doing anything on immigration

Well, it was right not to expect much. The full text of David Cameron’s speech on immigration is here but it can be summarised in one sentence: ‘mass migration has brought some good things, but it has also brought problems so here is some tinkering we propose.’ There are so many problems when our politicians speak on this subject. Not least is that they expect to be congratulated for saying the utterly obvious. For instance, most British people worked out a long time ago that those of us who already live here ought to have priority in housing over people who have just arrived. We also worked out some time

James Forsyth

The Cyprus drama has only just begun

Analysts today are talking about the GDP of Cyprus falling by 20 per cent over the next four years, and stressing that this is a conservative estimate. This, and the attitude of the Church there, does make me wonder if the Cypriots might not reject the bailout again, revert back to the Cypriot pound and try and devalue their way to recovery. This could hardly be more painful than a bailout that will make credit nigh-on-impossible to obtain in Cyprus. The second thing is surely any company or institution with large cash reserves is moving them out of any bank in the Eurozone periphery. If, as the head of the

How long will capital restrictions last in Cyprus? ‘Can’t say’

To the European Commission headquarters this morning for a briefing with Michel Barnier, the Frenchman who is commissioner in charge of banking. The press pack wanted to talk about – what else? – Cyprus. But Barnier wanted to talk about his green paper on the long term financing of the European economy.  Which made for the usual pantomime: the journalists sat and scrolled through emails while Barnier read out his plans on how to finance the EU economy without depending so much on banking (good luck there, commissioner). When he finished, the reporters looked up and started the questions about the banks in Cyprus. Reuters asked how long capital restrictions

Isabel Hardman

Momentum grows for EU referendum bill

One other area besides immigration where Tory MPs want their leader to go further than he feels he can is, unsurprisingly, Europe. There is growing pressure within the party for the Prime Minister to get legislation on the floor of the House of Commons which would guarantee a referendum in the next Parliament. This is what Bernard Jenkin, who favours a referendum sooner than 2015, has to say: ‘The Prime Minister’s veto in 2011 gave his poll ratings a great fillip, but that veto was just ignored. They just decided to go ahead with the Fiscal Union Treaty anyway but without the UK. And the UK did not achieve any

Europe should shut the door on immigration

The Prime Minister is giving a speech about immigration on Monday.  I am sure we can all guess the content.  If anybody is interested in a break from this — or indeed if the PM’s speech-writers are curious — perhaps I could humbly recommend this debate I took part in a couple of weeks ago in Athens. The motion was ‘Europe should shut the door on immigration’.  I used my speech and time in Q&A to explain why although we should not slam the door, let alone lock it, Europe urgently needs to wean ourselves off the habit of mass immigration and, at the very least, to give the door

The European Empire

The EU’s decision to ignore its own rules and steal money directly from the pockets of the citizens of Cyprus is an important development in the history of an institution that long ago gave up any pretence of being a ‘Union’. It may as well rename itself the European Empire and be done with it. The impetus behind the EU was the prevention of war. So with the Athenian empire. After the Persian Wars (490-479 BC), the Greek city-states decided to form a defensive alliance to end for ever any renewed threat from that part of the world. Each Greek state therefore agreed to donate ships or cash to provide

Rod Liddle

So the Cypriots cop it for having fallen for the honeyed promises of the EU

I had forgotten about Cyprus. I suppose it was lodged somewhere near the back of my mind as a cheap British Mediterranean satrapy usefully divided into two: a southern bit, where our chavs went on holiday, and a northern bit where our criminals hide out from the filth. I was dimly aware that we had allowed them, some time ago, to go their own merry way and that since had followed a predictable descent into barbarism, yet another Ottoman invasion and some sort of coup effected by the useless Greeks. And that’s it, really. I know too that over the years Cyprus has been owned by almost everybody, from the

Martin Vander Weyer

In Cyprus as in Britain, the prudent must pay for others’ folly – but not like this

The Cypriots are the authors of their own misfortune, having turned their banking system into a rackety offshore haven for Russian loot and lent most of the proceeds to Greece. But it was madness on the part of bailout negotiators to shake confidence in banks across the eurozone by trying to impose a levy on deposits held by even the smallest Cypriot savers, in what was presumably an attempt to cream off a layer of ill-gotten foreign cash. And even if the proposal has been radically watered down by the end of the week, we now know the European powers-that-be are prepared to pull this device out of their toolbox

What will it take to keep Cyprus in the euro?

How will the eurozone respond to the Cypriot parliament’s overwhelming rejection of the bank deposit levy? There are only a few days in which to make a deal before the country’s banks must re-open, with an ensuing run on deposits. The question is whether Cyprus or the other eurozone countries blink first. Given all members present of the governing DISY party abstained on the vote, there is a chance that an amended bill could come before the parliament again. Indeed, one member, Nicos Tornaritis, said this evening that this would ‘strengthen the bargaining position of the Republic of Cyprus’. This will still require action from other countries, whether in the

Cyprus: This isn’t a tax, it’s a bank raid

You know this levy on Cyprus bank deposits? It’s not a levy. A levy is a kind of tax, and what is happening to the people with bank deposits in Cyprus is no kind of tax, although today the European Commission spokesmen have been insisting it is. How can it be a tax when the depositors are going to be ‘compensated’ with shares in the bank? I mean, when you pay your income tax, George Osborne doesn’t compensate you with shares in RBS. No, what’s happening in Cyprus — assuming that the Cypriot parliament is just as gutless as the new Cypriot president, Nicos Anastasiades, in capitulating to eurozone demands

Spectator Debate: Britain’s future lies outside the EU (with audio)

It was a clash of the Euro titans at our latest sell-out Spectator debate: “Britain’s future lies outside the EU”. Nigel Farage led the team for the motion and the former president of France, Valéry Giscard d’Estaing, led the opposition – with Andrew Neil in the chair. Patrick Minford and James Delingpole supported team Farage, while Steve Richards and Richard Ottaway MP spoke for the EU. And there was all to play for.  On the way into the debate, the vote was: For: 196     Against: 105     Undecided:  99 After the speeches – and Q&A – there were no more undecideds and the votes fell as follows:- For: 247     Against: 123      Everyone came

Tory pressure for EU referendum bill grows

David Cameron and Lynton Crosby are holding a meeting with Conservative MPs this week to discuss 2015 strategy, I understand. The party held a similar meeting with Andrew Cooper in January. One of the major topics that is likely to come up from the floor is whether the party should be trying to get legislation on an EU referendum into parliament at some point. There is of course already an opportunity for the party to do this, as there is a backbench bill already before parliament proposing just that. It’s from John Baron, who was the first Tory to break ranks and criticise David Cameron’s EU referendum pledge, writing on

Germany realises the limits of the EU project

Britain isn’t the only country whose politicians are getting just a little bit jittery about an increase in Bulgarian and Romanian migrants. In this week’s Spectator, Rod Liddle examines the German and Dutch response to the lifting of transitional controls. We were enjoined by the Romanians to believe that our fears of being ‘flooded’ or ‘swamped’, or whatever emotive term you wish to use, were greatly overstated, and that the citizens of Romania would prefer to travel to places with which the home country had historic links. Such as, for example, Germany. But that simply isn’t going to happen, is it? The Germans won’t let it happen. This week the

Rod Liddle

Isn’t Germany’s attitude towards Romania a little at odds with the EU project?

‘Can you imagine anything worse,’ a Hungarian once said to me, ‘than a Slav who thinks he’s Latin?’ He was referring to the Romanians, of course. There is a certain degree of tension in Romania between the ethnic Romanians, who run the place, and the ethnic Hungarians, who feel that they have been press-ganged into a chaotic and useless country and, worse, forced to learn a stupid language. The Hungarians hole up in the beautiful wilderness of Transylvania, yearning for the old empire and metaphorically spitting upon their political masters. But the enmity dissolves entirely when a third racial group is brought into the equation: the gypsies. There are many

Martin Vander Weyer

Europe’s cap on bankers’ pay is merely a harbinger of the Great Persecution to come

‘Possibly the most deluded measure to come from Europe since Diocletian tried to fix the price of groceries across the Roman Empire,’ was Boris Johnson’s assessment of the proposal to cap bankers’ bonuses at 100 per cent of base salary, or 200 per cent with shareholders’ approval. This blunt exercise in market interference was tabled by a committee of MEPs led by a British Lib Dem, Sharon Bowles (perhaps in revenge for the fact that she didn’t win the Bank of England governorship, for which she applied) as a condition of agreeing a new set of bank capital reforms. With the support of all member states other than the one

The Spectator’s Notes | 28 February 2013

On the BBC television news on Monday night, the first three items concerned alleged misbehaviour by the famous — Cardinal Keith O’Brien, Lord Rennard and Vicky Pryce, the ex-wife of the ex-Cabinet minister, Chris Huhne. I begin to wonder if an accidental revolution is in progress. There is no revolutionary political doctrine, just a wish to believe that anyone in any position of power or fame is corrupt and should be exposed. Sexual misbehaviour is probably the most fun way of doing this, but stuff about money or lying works too. In theory, we should welcome this. The accusations often turn out to be true. Power corrupts. But actually there

Beppe Grillo: Italy’s new Mussolini

The stand-up comedian Beppe Grillo, like the fascist dictator Benito Mussolini before him, has a craving to take over the piazza and mesmerise the crowd. Where once young Italians chanted the mantra ‘Du-ce! Du-ce!’ now they chant  ‘Bep-pe! Bep-pe!’. But it is not just a shared need to rant and rave at large numbers of complete strangers that hirsute Beppe and bald Benito have in common. Worryingly, for Italy and also for Europe (where democracy seems incapable of solving the existential crisis), there is a lot more to it than that. Beppe Grillo founded the MoVimento 5 Stelle (M5S) in Milan on 4 October 2009. The capital ‘V’ stands for

Scotland’s position in europe is weaker than the SNP would have you believe

Nicola Sturgeon, arguably the SNP’s most effective asset at present, went to Brussels today to deliver a speech about Scotland’s future relationship with the EU. Most of it was as bland and unobjectionable as you might expect. Move along, not very much to see here. And with some reason. I think it is all but inconceivable that the EU would make it difficult for an independent Scotland to join the club. I also think Spanish (and perhaps Belgian) fears that letting Scotland join would set a dangerous precedent are, for the most part, exaggerated. At the very least I doubt that the threat of a Spanish veto is a good