Saturday, 25 June 2011
What Next in the EU
Charles Moore in the Telegraph today states that John Major when talking about the then possible introduction of the euro made a practical minded British mistake of assuming that because something wont work it wont happen. The euro did happen and Charles Moore believes we are making another practical minded British mistake of assuming that the, as he puts it, crazy aspects of the project will be abandoned. He points out that the opposite is happening and says fiscal union is being pushed forward so that the economies of eurozone states can be centrally controlled. A frightening prospect which will lead to a monumental disaster in the next few years if fiscal union does indeed come to pass. It will be a disaster for all the reasons given by those, now proved right, who thought the euro was misconceived and would collapse. What makes it even more certain it will end up a disaster is Blair's statement a couple of days ago supporting fiscal union in the eurozone and predicting Britain at some point should join the euro. Charles Moore goes on to talk about how we are hated in Europe for pointing out the euro project failings and that all we can do is be sympathetic to the euro woes and stay out (of what he does not make clear but I assume he means the euro and the bail outs). He does not believe there is an opportunity here to be exploited. I disagree with Charles Moore and who cares if we are hated - situation normal as it has been and always will be. This is yet another opportunity for us and we should not hesitate to hold a referendum to leave the EU. It will liberate us and hopefully will lead to a common market which encourages free trade through the rest of the world. We can no longer continue as members of an organisation run by eurocrats (europhile politicians and EU bureaucrats) intent on digging deeper into the hole they have been digging by insisting on an ever closer union. It is a pity that eurocrats believe their own propaganda rather than the instincts of the ordinary voter who may be disengaged from all the detailed and analytical arguments but who does have the virtue of seeing the wood for the trees.
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