Demonstrations in Spain, UK Finances in the Hands of the EU and an Insulting EU Video

Over the last week there have been huge demonstrations in Spain about the loss of jobs and cutbacks.  The demonstrations started a week ago, prior to the local elections.   There is a possibility that Spain will follow Greece, Ireland and Portugal and have to be bailed out eventually by the other EU member countries.  Meanwhile it seems the EU has much more of a hold over the UK economy than people thought, Hector Santas, head of the Financial Services Authority admitted that the UK's financial watchdog was simply a supervisor for the EU. He stated that EU quangos now controlled the UK banks and its financial system.  He added that "the PRA will essentially be a supervisory arm of the European regulatory regime." See full story in the Daily Express

In the meantime the EU have released a pretty insulting video on You Tube to all its member countries, you may think this is a child's video because of the little cartoons, but the last phrase telling everyone it's "Time to stick to the rules" leaves us in no doubt who is in control!