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EU politics: sick Transit gloriam
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richard
#1 Posted : 05 November 2012 00:33:23(UTC)
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George Osborne, says the Mirror, is under fire for backing an £80million loan to a truck factory in Turkey – which went on to "steal" ­hundreds of British jobs.

The loan is from the European Investment Bank, which as we all know from its dealings with the BBC, is the European Union's bank. As the largest multilateral borrower and lender, its website says, "we provide finance and expertise for sound and sustainable investment projects, mostly in the EU. We are owned by the 27 Member States and the projects we support contribute to furthering EU policy objectives".

So, Mr Osborne, as an ex officio governor of the EIB, presides over an institution which, in pursuit of "furthering EU policy objectives" made a substantial payout to a Turkish firm which, it is believed, played a key part in Ford's decision to shut one of its ­factories here.

View full article here
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Dave Evans
#2 Posted : 05 November 2012 01:15:19(UTC)
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Being an ignorant bastard, I sort of assumed that turkey was not a part of the EU.

On the other hand, there are people in the EU that want Turkey as a member. What better way than to finance a global manufacturer to improve the Turkish balance of payments?
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mmatis
#3 Posted : 05 November 2012 01:25:51(UTC)
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Look, you can be sure that money is going to the Right People. What more could you ask for? After all, you owe them so much for all they have done...
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euSSR Go Home
#4 Posted : 05 November 2012 06:35:47(UTC)
euSSR Go Home

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Yes, Dr. N: ON MONDAY, GLORIA WAS SICK ON THE WAY. I see what you might mean--Like all the rest of the troughers, she overate.

And:
Originally Posted by: mmatis Go to Quoted Post
Look, you can be sure that money is going to the Right People. What more Could you ask for? After all, you owe them so much for all they have done...

Indeed! And we know they have rare technical skills that the euSSR (and Ford) sorely need, at a lower price than anything we have to offer.
Mr. O has every right to get fat on his share of the proceeds. ... he, and all the other troughers.

One never forgets, either, that a certain other member of 'our' self-styled elite has Turkish ancestry. So this situation will go down well all round.

************************

Of course, this is what we get for giving safe-haven to Constantine and his army, back around AD 306. After 339, Byzantium would never be the same; but the whole situation attracted the Turks, who've been busy superimposing mosques and things on it ever since 1453. Funny really. I mean...how the Turks should be re-asserting themselves while the Greeks are under such duress... Ah so; sick glory, and all that.

Edited by user 05 November 2012 06:41:11(UTC)  | Reason: Not specified
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Grimwald
#5 Posted : 05 November 2012 08:07:23(UTC)
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Must have been asleep - when did Turkey join the EU ?
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vincent
#6 Posted : 05 November 2012 08:42:39(UTC)
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We have come to expect some ludicrous behaviour from the EU over the years but this is plain suicidal.

Found this from the blog of one of the local MPs,John Denham


Quote:
John said he would be asking Ministers how many meetings they had had with Ford to discuss this decision and what efforts they had made to persuade the company to change their minds.


https://johndenham.wordp...rd-closure-announcement/


Should be an interesting session thatBlink

Edited by user 05 November 2012 08:44:37(UTC)  | Reason: Not specified
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permex
#7 Posted : 05 November 2012 08:46:11(UTC)
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VANdalism.
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Dodgy Geezer
#8 Posted : 05 November 2012 10:56:17(UTC)
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Originally Posted by: vincent Go to Quoted Post
We have come to expect some ludicrous behaviour from the EU over the years but this is plain suicidal.

Found this from the blog of one of the local MPs,John Denham


Quote:
John said he would be asking Ministers how many meetings they had had with Ford to discuss this decision and what efforts they had made to persuade the company to change their minds.


https://johndenham.wordp...rd-closure-announcement/


Should be an interesting session thatBlink




You mean the session between Mr Denham and the Whips?
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vincent
#9 Posted : 05 November 2012 11:50:20(UTC)
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Originally Posted by: Dodgy Geezer Go to Quoted Post
Originally Posted by: vincent Go to Quoted Post
We have come to expect some ludicrous behaviour from the EU over the years but this is plain suicidal.

Found this from the blog of one of the local MPs,John Denham


Quote:
John said he would be asking Ministers how many meetings they had had with Ford to discuss this decision and what efforts they had made to persuade the company to change their minds.


https://johndenham.wordp...rd-closure-announcement/


Should be an interesting session thatBlink




You mean the session between Mr Denham and the Whips?

No the session between Mr Denham(Labour MP) and coalition Ministers...when the latter admit that rather than "discuss efforts" to deter Ford what happened in reality was they indirectly sanctioned funds for Ford to upsticks and move to Turkey

Edited by user 05 November 2012 11:52:05(UTC)  | Reason: Not specified
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comet
#10 Posted : 05 November 2012 12:01:10(UTC)
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Originally Posted by: richard Go to Quoted Post


So, Mr Osborne, as an ex officio governor of the EIB, presides over an institution which, in pursuit of "furthering EU policy objectives" made a substantial payout to a Turkish firm which, it is believed, played a key part in Ford's decision to shut one of its ­factories here.


A clear case of EU policy objectives being in conflict with any possible UK policy objectives justified at a rational level and dubious from the point of view of the EU as a whole. In this case, the UK is helping to pay for things which are clearly against its interest.

I've never really understood this deep desire to get Turkey into the EU anyway. The problems of so doing are obvious.
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In2minds
#11 Posted : 05 November 2012 12:44:23(UTC)
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Turkey - For many people in the EU Turkey ticks a lot of boxes not just cheap labour costs the present Turkish government is very anti-Israel so that goes down well too.
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mmatis on 05/11/2012(UTC)
mmatis
#12 Posted : 05 November 2012 13:05:03(UTC)
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Originally Posted by: In2minds Go to Quoted Post
Turkey - For many people in the EU Turkey ticks a lot of boxes not just cheap labour costs the present Turkish government is very anti-Israel so that goes down well too.

Not to mention the percentage of their population who are members of the Religion of Peace. That holds major attraction for your Betters as well. Diversity and all that. As in "Diversity is our Strength". As long as they don't live too close to your betters...
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vincent
#13 Posted : 05 November 2012 13:25:56(UTC)
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Originally Posted by: In2minds Go to Quoted Post
Turkey - For many people in the EU Turkey ticks a lot of boxes not just cheap labour costs the present Turkish government is very anti-Israel so that goes down well too.


Coincidentally Turkey gets a rating increase and is on the way to become an investment rated nation according to Fitch...wonder if that new Ford plant helped swing the deal?

http://uk.reuters.com/ar...ng-idUKBRE8A40GI20121105

Turkish star is rising,and it wants in the EU,....if that don't convince us to bail out whatever will?

Edited by user 05 November 2012 13:27:56(UTC)  | Reason: Not specified
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silverfox
#14 Posted : 05 November 2012 18:47:53(UTC)
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[quote=Dave Evans;5541]Being an ignorant bastard, I sort of assumed that turkey was not a part of the EU.

Europe stops at the Bosphorous.
Anything beyond there, particularly Islamic , means trouble.

Edited by user 05 November 2012 18:48:42(UTC)  | Reason: Not specified
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In2minds
#15 Posted : 05 November 2012 18:56:18(UTC)
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I would imagine many people who read this forum can remember when Spain was, as Turkey is now, the place 'smart people' invested their money, the latest Klondike moment. Well I say, lap it up while you can. In the last few weeks I've noticed a steady stream of promotion for investing in Turkey, a 16 page supplement on investing 'Beyond BRICs' dropped out of the Sunday Telegraph. It was full of really useful advice, 'bribery in Pakistan can affect investments', and not reassuring facts like only 18% of companies thought that bribery in Turkey had played a part in them failing to win a contract. This was thought of as a low figure!


Also in the supplement there was a map of the world showing countries rated by risk. Greece was rated below Spain and Turkey. As for Ford it opened its first Spanish plant in 1954 to make Ford Ebro trucks. The same trucks here in the UK were badged Ford Thames but as it was thought the Spanish would not be able to pronounce 'Thames' they added their own river, the Ebro, to the name! So as I say enjoy it while you can as it soon goes, Ford no longer make cars in the UK.

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ELF
#16 Posted : 06 November 2012 13:44:52(UTC)
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Originally Posted by: In2minds Go to Quoted Post
only 18% of companies thought that bribery in Turkey had played a part in them failing to win a contract.

Guess what the other 82% did ?

Edited by user 06 November 2012 13:45:41(UTC)  | Reason: Not specified
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