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cheap ugg boots veto threat may split EU into

veto threat may split EU into two

Brussels A “last chance” summit to save the euro was in peril Friday with European leaders at lo cheap ugg boots ggerheads over the eurozone debt crisis.

Fears that Europe could split into a “two speed” zone grew alarmingly after Britain threatened to veto any treaty agreement by European nations that undermined British sovereignty or London’s financial institutions.

Hours of talks that stretched into the early hours, failed to change Britain’s position and leaders eventually abandoned any hopes of securing unanimous agreemen cheap ugg boots t by the 27 European nations on treaty change.

Instead, diplomats confirmed that talks would now go forward seeking a new inter governmental agreement designed for the 17 countries that have the euro as their currency as well as others aiming to join the currency union.

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Britain, as well as Denmark, have opted out of adopting the single currency. Eight other nations are legally committed to taking up the euro.

British Prime Minister David Cameron went to the summit in Brussels saying powers cannot pass from London to Brussels without a referendum. He also wanted the City of London financial sector to be exempt from tough new EU regulation or a proposed tax on financial transactions.

“If I can’t get what I want, I will have no hesitation in vetoing a treaty because I am not going to go to Brussels and not stand up for our country,” Mr. Cameron said.

Treaty change requires unanimous approval from the bloc’s 27 nations. However, the 17 countries of the eurozone might now choose to create a separate treaty o cheap ugg boots f their own a two speed Europe.

Difficult talks running overnight began on a sour note when European Central Bank president Mario Draghi, who joined pre summit negotiations with a restricted power group of Germany, France and leading EU officials, sent stock markets falling.

Mr. Draghi spooked financial markets by discouraging expectations that the bank would massively step up buying of government bonds if EU leaders agreed on moves toward closer fiscal union.

As soon as the draft summit agreement leaked, a senior German official rejected key measures, including letting the future rescue fund, the European Stability Mechanism, operate as a bank, borrowing from the ECB, and a long term goal of issuing common eurozone bonds. and eurozone economist at Scotia Capital. “The eurozone leaders might as well not bother. Pack their bags, go home, enjoy the weekend and do their Christmas shopping.”

Leaders did take tentative steps Thursday to implement a so called “golden rule” asking countries to set balanced budgets until debt levels drop, although this was only agreed “in principle” with political wriggle room remaining, diplomats said.

The 27 EU leaders agreed in principle on automatic sanctions for eurozone deficit offenders unless three quarters of states vote against the move, and approved a fiscal rule on balanced budgets to be written into national constitutions.

French President Nicolas Sarkozy dramatised the danger facing the 17 nation single currency area hours before their eighth crisis summit of the year in a speech to European conservative leaders in the French port city of Marseille. “Never has the risk of Europe exploding been so big,” he said. “If there is no deal on Friday there will be no second chance.”

France and Germany used the Marseille meeting to lobby for their plan to amend the European Union cheap ugg boots treaty to toughen budget discipline, which they want to have ready by March. But several countries are sceptical of full blown treaty change.

German Chancellor Angela Merkel said on arrival in Brussels, “The euro has lost credibility and this must be won back. We will make clear that we will accept more binding rules.”

European Council president Herman Van Rompuy, the summit chairman, wanted all 27 EU states to agree to a rule changes via a minor adjustment to a treaty protocol that could be implemented quickly without requiring full ratification.

This outraged Ms. Merkel, who was demanding a fully fledged treaty change to give the measures extra weight.

“The Germans are obsessed with how we are going to do things, saying we have to change the treaty. They are totally obsessed. That’s why it can get difficult,” an EU diplomat said.

cheap ugg boots Veto of State Health Exchange

Veto of State Health Exchange Bill Puts New Jersey in Jeopardy

With New Jersey gubernatorial race happening in 2013 and Gov. Chris Christie announcing he will run for reelection, there has been much speculation about who the Democratic challenger will be. Rep. Bill Pascrell Jr. (D 8) told NJ Today Managing Editor Mike Schneider that he has too many other issues on his mind to run for governor, including Hurricane Sandy relief, the impending fiscal cliff and health care changes.

Pascrell said he has spoken to the Democratic chairmen in Bergen and Passaic counties and that it nice to be considered for the job, but he said he has more important and urgent matters at hand. are a lot of good people who could run for governor in this state, he said. never say never, but I have other thoughts on my mind right now. VIDEO:

One of the issues is Hurricane Sandy recovery. President Barack Obama has asked Congress for $60 billion in relief money. Pascrell called that great beginning. He hopes that many provisions that were utilized after Hurricane K cheap ugg boots atrina will provide relief for New Jerseyans. Pascrell said tax relief is what needed and that is not part of the $60 billion Obama discussed for the affected states.

Pascrell believes there will be bipartisan support for Obama plan. gotten all the Republican members and Democratic members in New Jersey to sign on, he said. think it necessary, I think it important. Pascrell said Hurricane Sandy didn cause the amount of deaths that Katrina did, affected areas have seen a lot of property damage that will be very costly for individuals and small business owners. While he said has a great plan for individuals, small business owners need immediate help rather than low interest loans, which are being offered.

Pascrell praised FEMA response to the hurricane, saying the organization was in New Jersey before, during and after the storm. He also said the majority of New Jersey utility companies did well, especially PSE satisfied with their work. I got some real questions about so cheap ugg boots cheap ugg boots me other utilities, but I think all in all, they did a good job, Pascrell said.

The so called fiscal cliff is approaching, which will affect the majority of Americans in the beginning of 2013, according to Pascrell. we don do anything between now and Jan. 1, taxes for the middle class, or 98 percent of Americans will see an increase in their taxes. Could be as much as $2,200, $2,300 a family and the same thing with 97 percent of small businesses, he said. not acceptable to me. John Boehner has met privately with Obama about a possible compromise to avoid the fiscal cliff and Pascrell said he likes that idea. He said he hopeful that an agreement will be reached before Jan. 1 as a short term solution.

we move into 2013 with the new Congress and reelected president to deal with tax reform, to deal with the cuts that are necessary and to get this foolish notion out of our head that Social Security is the pathway to solution of our economic problems, Pascrell said. Security is not contributing one penny to the deficit or the debt and I very, very reluctant to even bring this subject up before we get to that because what we should do, the immediate problem, is to deal with the continued tax cuts for the middle class. said he disagrees with Christie decision to veto a measure that would have created a state run health insurance exchange, calling it a move for New Jersey. While he said the state will have a federally run exchange, New Jersey officials won have input on it and the state will miss out on the $7 million or $8 million that would have been received to start up the exchange.

far right would like to wash its hands of the major disaster in this nation and that is high health care costs and not being able to provide some relief to those that can afford it, don have deep pockets. I think health problems and health costs are for everybody, not just seniors and I been fighting for seniors my whole life, Pascrell said. the point of the matter is for the governor to say I wait for the Supreme Court decision, the decision was made a month ago and the governor still backed off, is putting this state in jeopardy and there is no other excuse for it.

NJTV News with Mike Schneider: May 9, 20145 9 14 Saving the Chief Justice’s job. Did the Bar Association overstate things in their call on the governor? Look up. Air .

Civil Rights Advocate: Next Newark Mayor Needs .5 9 14 The Newark mayoral election is four days away and Director of the Avid Leadership Institute at Rutgers Newark, Director .

Political Roundtable: May 9, 20145 9 14 Republican Strategist Dale Florio and Democratic Strategist Bill Pascrell III discuss t cheap ugg boots he week in politics with NJTV .

NJTV News with Mike Schneider: May 8, 20145 8 14 Strong words as lawmakers consider an $800 million budget gap. Losing ground. Atlantic City faces the loss of another .

Christie Applauds Prisoner Reentry Program5 8 14 Gov. Christie met with inmates and teachers who have participated in NJ STEP.

ACLU NJ Sues Christie Administration for .5 8 14 The ACLU NJ is suing the Christie administration. The organization is accusing the administration of refusing to hand .

May. 8, 2014

Strong words as lawmakers consider an $800 million budget gap. Losing ground. Atlantic City faces the loss of another casino. And the impact of climate .

Saving the chief justice’s job. Did the bar association overstate things in their call on the governor? Look up. Air power in the garden state skies. And . Grassmann Trust, The Hyde and Watson Foundation, Marjorie Clarence Unterberg Foundation, Marty and Dorothy Silverman Foundation and Union Foundation.