The House of Lords EU Committee has written to Greg Clark MP, Financial Secretary to The Treasury, about the threat of complacency from EU leaders.
Lord Harrison, Chairman of the Lords EU Sub-Committee on Economic and Financial Affairs, said:
“The biggest enemy facing the EU today is complacency: complacency that the euro area has turned the corner; complacency that we can take the foot off the pedal of the reforms that are so necessary to break the link between sovereign states and banks now that market pressures have eased; and complacency in the UK.
Both the UK Government and the City of London must beware the complacency trap of seeing the euro area?s woes as someone else?s problem. The implications for the UK are immense, not only economically but also in terms of the political ramifications.
The future direction of the EU is highly uncertain. In light of the Prime Minister?s recent speech, the UK must ensure that it remains able to shape events rather than be shaped by them.”
A wry smile from us all. At a time when the biggest concerted action to strangle democracy is being taken by the likes of The Frau and the Eurocrat nonentities in her thrall, it is quite amusing that the unelected Lords are the only ones who have got what it takes to call a spade a spade and not cringe before the mighty Frau who has put the whole of Europe on hold so she, personally, can cling onto power.
We should heed the words of the Lords if not the Lord.