I thought some of you might be interested in this article that was forwarde to me.......
> WOW, the following article is perhaps a little heavy for New Year, it
> does however make for good reading, plus one can only hope that it has
> been read by the person it was aimed at.
> This is an excellent article by Frederick Forsyth and published in the
> Daily Express, Tuesday 13th December 2011. Lets hope she reads it ...
> Dear Madame Chancellor,
> PERMIT me to begin this letter with a brief description of my knowledge
> of, and affection for, your country.
> I first came to Germany as a boy student aged 13 in 1952, two years
> before you were born. After three extended vacations with German
> families who spoke no English I found at the age of 16 and to my
> pleasure that I could pass for German among Germans.
> In my 20s I was posted as a foreign correspondent to East Germany in
> 1963, when you would have been a schoolgirl just north of East Berlin
> where I lived.
> I know Germany , Frau Merkel, from the alleys of Hamburg to the spires
> of Dresden , from the Rhine to the Oder, from the bleak Baltic coast to
> the snows of the Bavarian Alps . I say this only to show you that I am
> neither ignoramus nor enemy.
> I also had occasion in those years to visit the many thousands of my
> countrymen who held the line of the Elbe against 50,000 Soviet main
> battle tanks and thus kept Germany free to recover, modernise and
> prosper at no defence cost to herself.
> And from inside the Cold War I saw our decades of effort to defeat the
> Soviet empire and set your East Germany free.
> I was therefore disappointed last Friday to see you take the part of a
> small and vindictive Frenchman in what can only be seen as a targeted
> attack on the land of my fathers.
> We both know that every country has at least one aspect of its society
> or economy that is so crucial, so vital that it simply cannot be
> For Germany it is surely your automotive sector, your car industry.
> Any foreign-sourced measure to target German cars and render them
> unsaleable would have to be opposed to vetopoint by a German chancellor.
> For France it is the agricultural sector. For more than 50 years members
> of the EU have been taxed under the terms of the Common Agricultural
> Policy in order to subsidise France ’s agriculture. Indeed, the CAP has
> been the cornerstone of every EU budget since the first day.
> Attack it and France fights back.
> For us the crucial corner of our economy is the financial services
> industry. Although parts of it exist all over the country it is
> concentrated in that part of London known even internationally as “the
> It is not just a few greedy bankers; we both have those but the City is
> far more. It is indeed a vast banking agglomeration of more banks than
> anywhere else in the world.
> But that is the tip of the iceberg. Also in the City is the world’s
> greatest concentration of insurance companies.
> Add to that the brokers; traders in stocks and shares worldwide, second
> only, and then maybe not, to Wall Street. But it is not just stocks.
> The City is also home to the “exchanges” of gold and precious metals,
> diamonds, base metals, commodities, futures, derivatives, coffee, cocoa…
> the list goes on and on.
> And it does not yet touch upon shipping, aviation, fuels, energy,
> textiles… enough. Suffice to say the City is the biggest and busiest
> marketplace in the world.
> It makes the Paris Bourse look like a parish council set against the
> United Nations and even dwarfs your Frankfurt many times.
> That, surely, is the point of what happened in Brussels . The French
> wish to wreck it and you seem to have agreed. Its contribution to the
> British economy is not simply useful nor even merely valuable.
> It is absolutely crucial. The financial services industry contributes 10
> per cent of our Gross Domestic Product and 17.5 per cent of our taxation
> A direct and targeted attack on the City is an attack on my country. But
> that, although devised in Paris , is what you have chosen to support.
> You seem to have decided that Britain is once again Germany ’s enemy, a
> situation that has not existed since 1945.
> I deeply regret this but the choice was yours and entirely yours. The
> Transaction Tax or Tobin Tax you reserve the right to impose would not
> even generate money for Brussels .
> It would simply lead to massive emigration from London to other havens.
> Long ago it was necessary to live in a city to trade in it.
> In the days when deals can flash across the world in a nanosecond all a
> major brokerage needs is a suite of rooms, computers, telephones and the
> talent of the young people barking offers and agreements down the phone.
> Such a suite of rooms could be in Berne, Thun, Zurich or even Singapore
> . Under your Tobin Tax tens of thousands would leave London .
> This would not help Brussels , it would simply help destroy the British
> Your conference did not even save the euro. Permit me a few home truths
> about it. The euro is a Franco-German construct.
> It was a German chancellor (Kohl) who ordered a German banker (Karl Otto
> Pohl) to get together with a French civil servant (Delors) on the orders
> of a French president (Mitterrand) and create a common currency.
> Which they did. IT was a flawed construct. Like a ship with a twisted
> hull it might float in calm water but if it ever hit a force eight it
> would probably founder.
> Even then it might have worked for it was launched with a manual of
> rules, the Growth And Stability Pact. If the terms of that book of rules
> had been complied with the Good Ship Euro might have survived.
> But compliance was entrusted BTO the European Central Bank which
> catastrophically failed to insist on that compliance.
> Rules governing the growing of cucumbers are more zealously enforced.
> This was a European Bank in a German city under a French president and
> it failed in its primary, even its sole, duty.
> This had everything to do with France and Germany and nothing whatever
> to do with Britain .
> Yet in Brussels last week the EU pack seemed intent only on venting its
> spleen on the country that wisely refused to abolish its pound.
> You did not even address yourselves to saving the euro but only to
> seeking a way to ensure it might work in some future time.
> But the euro will not be saved. It is crumbling now. And since you have
> now turned against my country, from this side of the Channel, Madame
> Chancellor, one can only say of the euro: YOU MADE IT, YOU MEND IT.