The German/French Plan - EU

BBC News: Reports on elements of the German/French plan to save the Euro, the two Countries are asking for a common corporation tax and a tax on the financial sector of the Eurozone. The UK has made it clear that the main red spots for the Coalition Government is that 17 States of the Euro should not damage the single market, or that the EU should try to backdoor a tax on the UK financial sector. As the article notes even the 17 States of the Euro might have problems with the plan, Ireland with the common corporation tax, that has been a major selling point for the Irish, if the Eurozone push for an increase then these Big Companies will go to cheaper areas, the UK should look at this factor. The Germans must be mad to agree to a tax on their financial sector, the UK has said no, the USA the same, this really could hurt Germany. Also lets not forget that the credit agency S&P has warned that Germany and France are on a negative credit watch, what if this plan does not work, what if it makes it worse, it does not solve the debt crisis of the EU. The Germans have made it clear that Euro bonds are off the table and that the ECB should be the lender of last resort. The German Coalition Government might want to agree to the above but they would have to get it through the German Parliament and the German Supreme Court. The idea that this plan will be done by March 2012 shows how out of touch the EU is, what if Ireland says No again, will they be forced to have another vote, will democracy been thrown in the bin to keep the 4th German Economic Reich happy. This folks could make the crisis worse, there are always unknowns of the unknowns out there folks. There is always that iceberg.