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The article seems to only look at the economic picture. Also remember that the money Wales retrieves from the EU is contribution payed to the EU by the GB gover
by wsc981 10y ago
The article seems to only look at the economic picture. Also remember that the money Wales retrieves from the EU is contribution payed to the EU by the GB government. After all, GB, like many other North-European countries, was a net contributor to the EU.
Apparently the value of sovereignty is completely out of scope in this article.
I think GB made the right choice in the end. Just last week the Dutch parliament voted to allow the pension funds (the biggest of Europe) to move to other countries, with less strict regulation. Even though all major parties that voted for this deal state in their party programs that they would not allow this to happen. Some suspect in the future this money will be used for bailouts through legislation (e.g. EU regulation could require pension funds to spend a certain percentage on bad bonds from countries like Italy [0]).
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[0]: http://www.wsj.com/articles/bad-debt-piled-in-italian-banks-looms-as-next-crisis-1467671900 http://www.wsj.com/articles/bad-debt-piled-in-italian-banks-...