God's declaration of Truth

GOD HAS SHOWN MERCY. FOR THOSE WHO REJECT THAT, THERE IS ONLY THE JUSTICE AND VENGEANCE OF GOD WHICH IS ETERNAL DAMNATION.

Luke Chapter 19

The words of Our Only Lord and Saviour Jesus Christ in red.

19:10 "For the Son of man is come to seek and to save that which was lost."
19:11 As they were hearing these things, he added and spoke a parable, because he was nigh to Jerusalem and because they thought that the kingdom of God should immediately be manifested.
19:12 He said therefore: "a certain nobleman went into a far country, to receive for himself a kingdom and to return.
19:13 And calling his ten servants, he gave them ten pounds and said to them: Trade till I come.
19:14 But his citizens hated him and they sent an delegation after him, saying: 'We will not have this man to reign over us.'
19:15 And it came to pass that he returned, having received the kingdom: and he commanded his servants to be called, to whom he had given the money, that he might know how much every man had gained by trading,
19:16 And the first came saying: 'Lord, thy pound hath gained ten pounds.'
19:17 And he said to him: 'Well done, thou good servant, because thou hast been faithful in a little, thou shalt have power over ten cities.'
19:18 And the second came, saying: 'Lord, thy pound hath gained five pounds.'
19:19 And he said to him: 'Be thou also over five cities.'
19:20 And another came, saying: ' Lord, behold here is thy pound, which I have kept laid up in a napkin.
19:21 For I feared thee, because thou art an austere man: thou takest up what thou didst not lay down: and thou reapest that which thou didst not sow.'
19:22 He saith to him: 'Out of thy own mouth I judge thee, thou wicked servant. Thou knewest that I was an austere man, taking up what I laid not down and reaping that which I did not sow.
19:23 And why then didst thou not give my money into the bank, that at my coming I might have exacted it with usury?'
19:24 And he said to them that stood by: 'Take the pound away from him and give it to him that hath ten pounds.'
19:25 And they said to him: 'Lord, he hath ten pounds.'
19:26 But I say to you that to every one that hath shall be given, and he shall abound: and from him that hath not, even that which he hath shall be taken from him.
19:27 But as for those my enemies, who would not have me reign over them, bring them hither and slay them in my presence."
19:28 And having said these things, he went before, going up to Jerusalem.
19:29 And it came to pass, when he was come nigh to Bethphage and Bethania, unto the mount called Olivet, he sent two of his disciples,
19:30 Saying: "Go into the town which is over against you, at your entering into which you shall find the colt of an ass tied, on which no man ever hath sitten: loose it and bring it.
19:31 And if any man shall ask you: 'Why are you loosing it?' You shall say thus unto him: Because the Lord hath need of it.' "
19:32 And they that were sent went their way and found the colt standing, as he said unto them.
19:33 And as they were loosing the colt, the owners thereof said to them: "Why are you loosing it?
19:34 But they said: "Because the Lord has need of it."
19:35 And they brought it to Jesus. And casting their cloaks over the colt, they set Jesus on it.
19:36 And as he went, they spread their cloaks upon the road.
19:37 And when he was drawing near, being now at the descent of the Mount of Olives, the whole company of his disciples began to rejoice and to praise God with a loud voice, for all the miracles that they had seen,
19:38 Saying: "Blessed is he who comes as king, in the name of the Lord! Peace in heaven and glory in the highest!"
19:39 And some of the Pharisees, from the crowds, said to him: "Master, rebuke thy disciples."
19:40 He said to them: "I tell you that if these keep silence, the stones will cry out."
19:41 And when he drew near, seeing the city, he wept over it, saying:
19:42 "If thou also hadst known, and that in this thy day, the things that are to thy peace: but now they are hidden from thy eyes.
19:43 For the days shall come upon thee: and thy enemies shall cast a trench about thee and compass thee round and straiten thee on every side,
19:44 And beat thee flat to the ground, and thy children who are in thee. And they shall not leave in thee a stone upon a stone: because thou hast not known the time of thy visitation."
19:45 And entering into the temple, he began to cast out them that sold therein and them that bought.
19:46 Saying to them: "It is written: My house is the house of prayer. But you have made it a den of thieves."
19:47 And he was teaching daily in the temple. And the chief priests and the scribes and the rulers of the people sought to destroy him.
19:48 And they found not what to do to him: for all the people were very attentive to hear him.

The Second Epistle of St. Paul to the Thessalonians

The day of the Lord is not to come till the man of sin be revealed. The apostle's teachings are to be observed.

2:1 And we beseech you, brethren, by the coming of our Lord Jesus Christ and of our gathering together unto him:
2:2 That you be not easily moved from your sense nor be terrified, neither by spirit nor by word nor by epistle. as sent from us, as if the day of the Lord were at hand.

Chap. 2. Ver. 2. Spirit . . . utterance. . . letter indicate three possible sources of their belief that the parousia is imminent. Spirit refers to some falsely claimed revelation, utterance may be a statement of Paul’s which was misunderstood, or wrongly attributed to him, the letter seems to be one forged in Paul’s name.

2:3 Let no man deceive you by any means: for unless there come a revolt first, and the man of sin be revealed, the son of perdition

Ver. 3. . . The parousia must be preceded by a great apostasy, i.e., a great religious revolt, and the advent of the man of sin, i.e., Antichrist. Son of perdition, one entirely deserving of eternal punishment.

Ver. 3. The day of the Lord will not come. These words have been inserted to complete the sentence, which in the original is elliptical. The expanded reads "Let no man deceive you by any means: for the day of the Lord will not come unless there come a revolt first, and the man of sin be revealed, the son of perdition"

2:4 Who opposeth and is lifted up above all that is called God or that is worshipped, so that he sitteth in the temple of God, shewing himself as if he were God.

Ver. 4. In the temple, that of Apostate Jerusalem which the full consensus of the Church Fathers declare he will rebuild - i.e. the Temple of Remphan; and in the Apostate shell of the former Christian church, which he perverts to his own worship: as the Freemasons have done to the Vatican.

Ver. 4. Antichrist will be characterized by great impiety and pride. He sits in the temple of God, etc. He will aspire to be treated as God and proclaim that he is really God.

2:5 Remember you not that, when I was yet with you, I told you these things?
2:6 And now you know what restrains him, that he may be revealed in his proper time.

Ver. 6. What restrains him. The Thessalonians knew the obstacle. We also know that it is Jesus Christ.

2:7 For the mystery of iniquity is already at work: only that he who is at present restraining it, does still restrain, until he is gotten out of the way.

Ver. 7. Mystery of iniquity, the evil power of Satan’s threefold prevarication and total Apostasy from God, of which Antichrist is to be the public exponent and champion. He who is at present restraining it. The obstacle is now spoken of as a person. Some point out that Michael the archangel and his heavenly army are obstacles, and this is true, which now prevent the appearance of Antichrist – but the primary obstacle is, as St. Justin Martyr teaches: Jesus Christ Himself; when the great Apostasy is complete, then in effect, Christ is “gotten out of the way.”

2:8 And then that wicked one shall be revealed: whom the Lord Jesus shall kill with the spirit of his mouth and shall destroy with the brightness of his coming: him

Ver. 8. When Christ appears in glory, He will inflict defeat and death on Antichrist by a mere word of command.
2:9 Whose coming is according to the working of Satan, in all power and signs and lying wonders:

Ver. 9 – 10. By the aid of Satan Antichrist will perform prodigies which men will falsely regard as miracles, and by means of which they will be led to adopt sinful practices.

2:10 And with all wicked deception to those who are perishing. For they have not received the love of truth that they might be saved.
2:11 Therefore God shall send them the operation of error, to believe lying:

Ver. 11. God shall send. . .That is God shall suffer them to be deceived by lying wonders, and false miracles, in punishment of their not entertaining the love of truth.
Ver. 11. 'God sends.' God will allow their willful rejection of truth to have its natural results of spiritual blindness, impenitence and damnation. A misleading influence, or, “a delusion.” The operation of error - the Greek reads: "energian planes" or literally the energy of delusion, which is exactly and actually the fallen spirits of the devils and demons conjured by pagan religion, especially by idolatry. NOW, currently, the Assisi delusion of the Apostates, Ratzinger and Wojtyla and many others present with them, is a very real and prime example. To give oneself over to this is to invite utter and complete damnation of oneself by God.
2:12 That all may be judged who have not believed the truth but have consented to iniquity.

2:13 But we ought to give thanks to God always for you, brethren, beloved of God, for that God hath chosen you firstfruits unto salvation, in sanctification of the spirit and faith of the truth:
Ver. 13. First-fruits, i.e., earliest believers in the gospel. Some manuscripts read: “from the beginning.” That is, God called them from all eternity.
2:14 Whereunto also he hath called you by our gospel, unto the purchasing of the glory of our Lord Jesus Christ.

2:15 Therefore, brethren, stand fast: and hold the teachings, which you have learned, whether by word or by our epistle.
Ver. 15. Teachings, i.e., his teachings whether given orally or in writing. Concerning Apostolic teaching – the oral is included in the written at the point we have the whole New Testament complete, i.e. with the completion of St. John’s Gospel.
2:16 Now our Lord Jesus Christ himself, and God and our Father, who hath loved us and hath given us everlasting consolation and good hope in grace,

2:17 Exhort your hearts and confirm you in every good work and word.

St. Irenaeus

St. Irenaeus
St. Irenaeus Against Heresies and the warning against the Antichrist - click on picture

Blog List

A few words

The articles posted in the main here are from a variety of sources and perspectives, but all based on the unchangeable truth that all law comes from God, or if it is something that pretends a legalism but does not agree with God's law, then it is nothing lawful at all; the Noachide nonsense is the prime example of that which is not at all lawful. See the right side pane and below the posts at the bottom of the page for a number of sources that help shed light on this. All copyrighted sources are quoted and used for comment and education in accord with the nonprofit provisions of: Title 17 U.S.C., Section 107.

By Command of God

Eucharist in house churches Commanded by God - HE COMMANDS TO NOT HAVE ANYTHING TO DO WITH THE VATICAN WHICH HAS ALREADY BECOME TOTALLY APOSTATE AND DIABOLIC AT THIS POINT.

GO HERE: Traditional Catholic Prayers: Eucharist in house churches Commanded by God. To rise above the concerns of the world to the service of God.


Traditional Catholic Prayers: Office of the Hours for the Week












Go Here: The Return of Christ

And here:
Parousia of Jesus Christ Our Lord

The Promise of His coming. His commands to prepare and be worthy.

Statement of what is happening in the world in connection with the Second Coming of Our Lord and Saviour Jesus Christ.

Nuzul i Isa and Qiyamah, the Parousia of Jesus Christ Our Lord and His judgement of all men that have ever lived.

Rv:22:7 Behold I come quickly. Blessed is he that keepeth the words of the prophecy of this book.

Tuesday, March 27, 2012

The Beast $$$


See these (keep seeing the older entries in each link until finished):


_________________________________


See this for what is the formation and far reaching consequences of the United Nations:

The Justice of God: The United Nations - Satan's empire building

And see this, go here -

Worldmark Encyclopedia of the Nations - UNITED NATIONS, Twelfth Edition. Timothy L. Gall and Jeneen M. Hobby, Editors

Or Here


The United Nations core essence is about Money. It was founded upon Pan European World Trade Treaties, culminating in the 1956 Treaty of Rome. That governs GATT, NAFTA and a huge raft of other treaties that control ALL trade on earth. That operates through three centers: 1) Rome, Italy (the Aeur and the Vatican) and 2) Davos, Switzerland (the Central European Bank has more money and Gold and reach than any other financial institution on earth by far) and 3) Brussells, Belgium (see below article on the Beast).

Fort Knox was never more than a little Freemason outlier of European Central Banking that was reeled in by Kuhn Loeb and the Federal Reserve a century ago to serve the European Central Bank. The last of the Fort Knox gold was shipped out of Fort Knox by the Federal Reserve banks and sent to the World Trade Center building 7 vault and from there to Switzerland JUST before 911 and the destruction of WTC 7. 911 was also one of the last of the biggest bank robberies - the banks did the robbing.

______________________________________

Thirst for Justice — The beast of the Apocalypse



The Beast of the Apocalypse: 666

A gigantic self-programming computer


One will need the number of the Beast to buy and sell [and one will be eternally damned for taking it]


by Gilberte Côté Mercier


The beast of the Apocalypse is already set up in Brussels, Belgium: It is a gigantic computer that makes its own programs. "By using three entries of six digits each, each citizen of the whole world will be given a distinct credit card number." Three entries of six digits each: 666.

Saint John's Apocalypse speaks of two Beast of the sea and the Beast of the earth, that will make up the "Antichrist" couple at the end of times. The commentators say that the Beast comming from the sea is the political power, Satan's fearsome ally. And the Beast coming from the earth is the power of money. The Beast of the earth, the financial power,

"shall make all, both little and great, rich and poor, freemen and slaves, to receive a mark on their right hands, or on their foreheads, and that none might buy or sell, unless he carried this mark, which was the beast's name, or the number that stands for his name. Here is wisdom. He that has understanding, let him count the number of the beast. For it is the number of a man: and the number of him is six hundred and sixty-six."

(Apoc. 13:16-18)

Well! The number 666 is no longer a mystery. We know that it refers to the gigantic computer that will be the great controller of all the men of the earth for their purchases and sales.

Following is a text from Moody Magazine, that reveals to us where the International Financiers have led the peoples so far, and in what slavery they propose to chain them.


From moody Magazine

Dr. Hanrick Eldeman, Chief Analyst of the Common Market Confederacy in Brussels, has revealed that a computerized restoration plan is already under way to straighten out world chaos. A crisis meeting in early 1974 brought together Common Market leaders, advisers and scientists at which time Dr. Eldeman unveiled "the Beast".

The Beast is a gigantic three story computer located in the administrative building of the headquarters of the Common Market.

That monster is a self-programming computer that has more than one hundred sources distributing entries. Experts in programming have perfected a plan that will handle by computer all of the world's trade.
This master plan would imply a system of digital enumeration of each human being of the earth. Thus the computer would give each inhabitant of the world a number to be used for each purchase or sale, removing the problem of present credit cards. This number would be invisibly tatooed by laser, either on the forehead or on the back of the hand. This would establish a walking credit card system. And the number could be seen only through infrared scanners, installed in special verification counters or in business places.
666
Dr.Eldeman pointed out that by using three entries of six digits each, every inhabitant of the world would be given a distinct credit card number.

World Money

Other officials of the Common Market believe that present chaos and disorder, due to a mysterious cause, show the need of a world money, of an international print that would possibly put an end to paper money and coins. In their place, credit notes would be exchanged by the means of a world bank's clearing house.

No member could buy or sell without first being given such a numbered imprint.

The directors of the Common Market are now convinced that world order demands, on the allegiance of peace and politics, a new world system of trade and numbering.

A single individual would have, within reach, the number of any hinabitan instrument of peace or a weapon of dictatorship.

When one of the leading heads of the Common Market was asked what would happen if someone objected to the system and refused to cooperate, he answered rather bluntly: "We would be obliged to have recourse to force to bring him to conform to the new requirements."

Henry Spaak, who was the founder of the European Common Market, and General Secretary of NATO, said, in one of his speeches:

"We don't want another committee, we already have enough of them. What we want is a man of such stature that he be capable to gain the allegiance of peace and politics to pull us out of the economic chaos into which we are sinking. Send us this man, and, be he god or demon, we will welcome him."

The Financiers: supreme masters

Today, through their economic control, the Financiers prepare an absolute world political control.
They will rule universally and totally, raised at the top of both civil powers united: politics and economics.

Europe's Common Market seems to be the first step towards the world political government. And the electronic computer will be that "man of such stature" that he may command, watch, register, check, censor, punish all the men of all the nations, "each human being of the earth". This computer is really much more than a man, it is a heartless superman, with diabolic intelligence.

And the International Financiers, who know well that they themselves control the money of the whole world, have the nerve to talk about the "mysterious cause of actual chaos and disorder". They make believe that they are looking for a means to pull the peoples from the "economic chaos into which they are sinking," when it is they, the bankers, who are the authors of the chaos, by the control of money and by their plays with the currencies, a play that makes countries tremble. The Canadian dollar goes down. The American dollar too, in respect to the Asian and European currencies. But the Canadian dollar is even lower than the American dollar. The Bank of Canada comes to the rescue of the Canadian dollar. But that is not enough, etc., etc.

All of that is International Bankers' games, games of speculating financiers, games of swindlers. And worst yet, they are games of controllers of human lives, games of dictators, of tyrants of the peoples.

The swindling financiers are liars. They have for a long time hidden the mystery of their scheme. And they would want us to continue to swallow up their lies. Blessed are the Social Crediters who see clearly through all of these diabolic manipulations, leading the whole world to a slavery as was never seen in history.

And the true Social Crediters know, furthermore, that if they place their trust in the Eternal Father, this all powerful God will free the world from the snares of Satan.

Trust in God and in the Rosary of the Immaculate. The light of Social Credit opens for us the door of that trust. And the apostolate of the "Michael" Journal gives us the strength to endure everything in the meantime, since we have hope.

Trust in God and in the Rosary of the Immaculate. Sounds good but any connection with the Vatican is immersed totally with the tentacles of the world banking consortium as well as total Apostasy from God!

It is Davos - Suisse (Switzerland) that day to day European Central Mega Bank business is centered on. There is a reason that Switzerland hasn't been invaded in centuries while the wars that are funded there rage all around it. It is by design.


Paul Taylor | Associate Editor | Reuters.com

JAN 25, 2012

BNP says no more ground to give in Greek talks

DAVOS, Jan 25 (Reuters) – Financial markets’ sentiment towards the euro zone may have turned the corner, but banks will offer no more concessions in crucial talks to reduce Greece’s private sector debt, BNP Paribas chairman Baudouin Prot said on Wednesday.

He said the European Central Bank’s move to flood the banking sector with almost half a trillion euros in short-term loans had helped to change the mood.

“I am a cautious optimist,” Prot told Reuters at the World Economic Forum in Davos.

“We are starting to see signs of a shift in sentiment towards Europe. The ECB three-year financing facility was really a catalyst. We are on the right track, but we need to keep moving forward.”

Greece is hoping to wrap up tortuous negotiations this week on a bond swap that aims to knock 100 billion euros ($130 billion) off its debt burden when private creditors return to Athens for a fresh round of talks to avert a chaotic default.

After weeks of bargaining, deadlocks and an intervention by euro zone ministers, Greece and its bondholders find themselves back at the drawing board as they search for a compromise needed to clinch a bailout for Athens before it runs out of money.

The focus of a new round of talks is expected to be whether banks budge from what they have billed as their “final offer” of a 4 percent coupon on the new bonds that Greece will swap out for existing debt after euro zone finance ministers rejected that proposal.

JAN 25, 2012

As euro crisis fears ease, focus turns to growth

DAVOS, Switzerland, Jan 25 (Reuters) – There is a palpable sense of hope at the annual Davos World Economic Forum that the euro zone is edging away from the brink of catastrophe but business leaders say Europe’s woes are still holding back a global recovery.

A growth strategy is the missing ingredient in the policy cocktail that euro zone leaders are mixing to save the currency bloc from break-up. Without economic recovery, re-election will be tough for presidents in Europe and beyond this year.

The 2,600 political and business leaders attending the five-day Davos Forum meet against a backdrop of improved market sentiment driven by signs the euro zone may escape recession and that intense market pressure on Italy and Spain is easing.

Greece is clinging to hope of a bond swap agreement to avoid a starker default, although an agreement is far from assured. But markets seem relatively unconcerned at the prospect of an enforced Greek default, seeing the problem increasingly as a one-off event divorced from developments elsewhere in the euro zone.

“There is an increasing sense that Greece is different from the others and that the contagion elsewhere could be contained,” Giles Keating, head of private banking research at Credit Suisse, said ahead of the Forum’s first full day on Wednesday.

“There is a sense of political will and mechanical capability to do so,” he added.

Markets have rallied on promising signs from Europe — the broad MSCI world equity index is up some 5 percent for the year so far — but this rally appears to be losing steam and masks underlying concerns about growth.

JAN 23, 2012

History repeats itself in euro crisis debt spat

PARIS (Reuters) – There are weeks when it can sound as if the European sovereign debt crisis is going round in circles.

Barbed exchanges between Italian Prime Minister Mario Monti and German Chancellor Angela Merkel carry echoes of a prolonged dialogue of the deaf between Greece and Germany two years ago when Berlin was resisting calls to bail out Athens.

Then as now, a debt-stricken government pushing through spending cuts, tax rises and economic reforms pleaded for lower interest rates and stronger European (read German) support to convince citizens the pain is worthwhile.

Now as then, a chancellor constrained by public hostility to bailouts and convinced only market pressure can keep profligate nations on a path of righteousness is turning a deaf ear, saying there is no need to act since no one is requesting aid.

The delay in acting to help Greece in early 2010 undermined financial market confidence in the 17-nation single European currency, which has still not been wholly restored, and raised the cost of the eventual rescue.

But it’s not all deja vu, because Germany has far more confidence in Monti’s Italy than it ever had in Greece.

As a result, EU officials expect Merkel to relent and agree to a bigger European financial firewall in March once euro zone leaders have signed two key treaties sought by Berlin on budget discipline and the rules of a permanent rescue fund.

JAN 23, 2012

Analysis: History repeats itself in euro crisis debt spat

PARIS (Reuters) – There are weeks when it can sound as if the European sovereign debt crisis is going round in circles.

Barbed exchanges between Italian Prime Minister Mario Monti and German Chancellor Angela Merkel carry echoes of a prolonged dialogue of the deaf between Greece and Germany two years ago when Berlin was resisting calls to bail out Athens.

Then as now, a debt-stricken government pushing through spending cuts, tax rises and economic reforms pleaded for lower interest rates and stronger European (read German) support to convince citizens the pain is worthwhile.

Now as then, a chancellor constrained by public hostility to bailouts and convinced only market pressure can keep profligate nations on a path of righteousness is turning a deaf ear, saying there is no need to act since no one is requesting aid.

The delay in acting to help Greece in early 2010 undermined financial market confidence in the 17-nation single European currency, which has still not been wholly restored, and raised the cost of the eventual rescue.

But it’s not all deja vu, because Germany has far more confidence in Monti’s Italy than it ever had in Greece.

As a result, EU officials expect Merkel to relent and agree to a bigger European financial firewall in March once euro zone leaders have signed two key treaties sought by Berlin on budget discipline and the rules of a permanent rescue fund.

DEC 14, 2011

Pressure for more ECB action after summit falls short

PARIS/FRANKFURT (Reuters) – Pressure mounted on Wednesday for the European Central Bank to intervene more decisively after financial markets judged that yet another EU summit had failed to resolve the euro zone’s debt crisis.

But Germany’s powerful central bank chief, Jens Weidmann, an influential voice in the ECB, made clear his opposition to ramping up the ECB’s purchases of euro zone government bonds.

He also said the Bundesbank would only provide fresh funds for the International Monetary Fund to help fight the euro zone crisis if countries beyond Europe did so too.

The euro sank to an 11-month low against the dollar, stocks slid and Italy had to pay a euro era record yield to sell 5-year bonds as nervous investors awaited a possible credit rating downgrade for one or more euro zone countries.

Rome had to pay 6.47 percent to sell 3 billion euros of bonds, up from a record 6.29 percent a month ago, highlighting fierce market pressure ahead of a year in which Italy has a gross funding goal of 440 billion euros starting in late January.

Ireland’s European Affairs Minister, Lucinda Creighton, said last week’s summit agreement among 26 European Union states, with Britain dissenting, to negotiate a new fiscal pact to enforce EU budget rules more strictly was not going to stop the crisis.

“Having the fiscal compact in place by March is desirable but I don’t think it’s going to save the euro,” she told reporters on a visit to Paris.

DEC 11, 2011

Analysis: Cameron puts Britain offside and offshore in Europe

LONDON (Reuters) – David Cameron has put Britain offside and offshore in Europe.

In his failed last-minute quest for special treatment over financial regulation, the prime minister has taken Britain out of the room where decisions on the future of Europe will be shaped.

The consequence could well be a prolonged, bitter parting of the ways between the British and the rest of the European Union, culminating in an acrimonious divorce in which both sides lose.

The cheers of British Eurosceptics for Cameron’s veto of EU treaty changes to allow the countries that share the euro single currency to pursue closer fiscal union were echoed by cries of “good riddance” in much of mainland Europe.

How this can safeguard the interests of the City of London financial centre is a mystery, not least to some of the bankers and executives whose much criticized sector accounts for 10 percent of the British economy.

“No matter what happens now, the UK has isolated itself and lost critical influence for no gain whatsoever,” said Sony Kapoor, head of the Brussels economic think-tank Re-Define.

Britain is already seen by many as a free-rider, enjoying the benefits of being the euro zone’s principal financial centre without the responsibilities of membership, while refusing to contribute to rescue packages for indebted countries.

DEC 11, 2011

Cameron puts Britain offside and offshore in Europe

LONDON, Dec 12 (Reuters) – .David Cameron has put Britain offside and offshore in Europe.

In his failed last-minute quest for special treatment over financial regulation, the prime minister has taken Britain out of the room where decisions on the future of Europe will be shaped.

The consequence could well be a prolonged, bitter parting of the ways between the British and the rest of the European Union, culminating in an acrimonious divorce in which both sides lose.

The cheers of British Eurosceptics for Cameron’s veto of EU treaty changes to allow the countries that share the euro single currency to pursue closer fiscal union were echoed by cries of “good riddance” in much of mainland Europe.

How this can safeguard the interests of the City of London financial centre is a mystery, not least to some of the bankers and executives whose much criticised sector accounts for 10 percent of the British economy.

“No matter what happens now, the UK has isolated itself and lost critical influence for no gain whatsoever,” said Sony Kapoor, head of the Brussels economic think-tank Re-Define.

Britain is already seen by many as a free-rider, enjoying the benefits of being the euro zone’s principal financial centre without the responsibilities of membership, while refusing to contribute to rescue packages for indebted countries.

DEC 10, 2011

Sarkozy, Draghi winners in EU rift, Cameron loses

BRUSSELS (Reuters) – Napoleon dreamed of it, De Gaulle fought for it, but Nicolas Sarkozy may have achieved it — a Europe of Nations with France in the cockpit and Britain on the sidelines.

The French president emerged as one of the big winners of a European Union summit on Friday which ended with up to 26 member states agreeing to move forward in economic integration around the euro zone, and Britain alone in staying out.

“Of course this is not just a long-standing desire, but a long-standing goal of French politics … because in the French tradition Britain never really belonged to the European Union, dating back to De Gaulle,” said a senior EU official who attended the summit, referring to the French president’s veto of British entry in 1963 and again in 1967.

By obstructing the wish of the other EU members to amend the bloc’s governing Lisbon treaty to allow closer fiscal union among the 17-nation single currency area, British Prime Minister David Cameron managed to unite Europe against him.

He may be feted by Eurosceptics at home, but he emerged as the biggest diplomatic loser of the summit, leading his country into an isolation that all his predecessors sought to avoid.

For centuries, a basic principle of British diplomacy was to maintain a balance of power on the European mainland forming shifting alliances with the main continental powers.

Cameron not only failed to win a blanket veto right over EU financial services legislation. The illusion of leading a group of 10 non-euro member states like Sweden and Poland, committed to a more liberal, open economy, crumbled as his supposed allies threw in their lot with the euro zone.

DEC 9, 2011

Analysis: Sarkozy, Draghi winners in EU rift, Cameron loses

BRUSSELS (Reuters) – Napoleon dreamed of it, De Gaulle fought for it, but Nicolas Sarkozy may have achieved it — a Europe of Nations with France in the cockpit and Britain on the sidelines.

The French president emerged as one of the big winners of a European Union summit on Friday which ended with up to 26 member states agreeing to move forward in economic integration around the euro zone, and Britain alone in staying out.

“Of course this is not just a long-standing desire, but a long-standing goal of French politics … because in the French tradition Britain never really belonged to the European Union, dating back to De Gaulle,” said a senior EU official who attended the summit, referring to the French president’s veto of British entry in 1963 and again in 1967.

By obstructing the wish of the other EU members to amend the bloc’s governing Lisbon treaty to allow closer fiscal union among the 17-nation single currency area, British Prime Minister David Cameron managed to unite Europe against him.

He may be feted by Eurosceptics at home, but he emerged as the biggest diplomatic loser of the summit, leading his country into an isolation that all his predecessors sought to avoid.

For centuries, a basic principle of British diplomacy was to maintain a balance of power on the European mainland forming shifting alliances with the main continental powers.

Cameron not only failed to win a blanket veto right over EU financial services legislation. The illusion of leading a group of 10 non-euro member states like Sweden and Poland, committed to a more liberal, open economy, crumbled as his supposed allies threw in their lot with the euro zone.

DEC 9, 2011

ECB limits bond buying, eurozone looks to banks

BRUSSELS (Reuters) – The European Central Bank is capping its weekly bond purchases at 20 billion euros and euro zone officials hope its new bumper liquidity provision will allow banks to buy more government debt and ease crisis-hit states’ borrowing costs, ECB sources said on Friday.

The bank has bought no more than 22 billion euros worth of bonds in any week since it reactivated its bond-buy programme in August. ECB sources said it would keep purchases to a maximum of 20 billion euros now and is not considering bigger action in response to an EU summit decision to create a fiscal union.

Twenty-three of the EU’s 27 leaders agreed to pursue tighter integration with stricter budget rules for the euro zone, though Britain said it could not accept proposed amendments to the EU treaty after failing to secure concessions for itself.

“We more or less anticipated what would come out,” one ECB source said. “We don’t see any need for new deliberation.”

The ECB bond-buy cap would remain at the level set weekly for the last few weeks by the Governing Council, a second source said. Weekly purchases have not topped 10 billion euros since September, less than half the limit.

“You will see some further purchases but not the huge bazooka that some people in the markets and the media are awaiting,” the second source said.

ECB President Mario Draghi had already dashed market expectations of increased bond buys in return for tougher budget rules a day earlier, when the central bank nonetheless agreed to boost its liquidity provision to banks.

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