This French attempt to pickpocket other countries to prop up its banks is a turkey, and it won't survive past Christmas.
Let state some facts here - no Treaty was signed on Friday, the only agreement was to discuss it - and note the timeline of the last 36 hours
1. Announcement: '26 nations reached agreement.'
2. Announcement: 'Next we will meet again to discuss what we actually agreed.'
3. Announcement: 'We hope to do this, and have everyone sign it, whatever it is, by March.'
4. The three main leading French banks have their credit status downgraded due to their reckless lending to just about every bankrupt country in the EU.
5. Several leaders issue clarifications that in fact all they have said is that they will discuss the 'agreement' (when they know what it is) with their National Parliaments.
6. An example of the confusion on what the 'agreement' currently consists of, is little Malta announcing that two of the very items the UK opposed to - Tobin Tax and harmonised Corporation Tax, were dropped from the 'agreement' the very day that the UKs request for the same was denied.
7. Having sidestepped a legally binding Veto, and then sensing that democracy might unfortunately derail the 'agreement', France and Germany start claiming that it must not require unanimous agreement to have... er... the 'agreement', just in case democratically elected Parliaments, or gasp... the People of some nations, say 'NO'. They seem to realise that their forced Regime Change in Greece to avoid a Referendum won't work 23 further times...
8. They now begin to look at whether or not the 'agreement' is in fact legal; and the advice from the EU lawyers is that is not. The unelected President of the EU tells everyone not to worry about such 'technicalities', as 'there will have to be a broad interpretation' of what were previously touted legally binding contracts.
It's a French farce.
Mai oui. Naturellement.
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