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The economies of these countries have already been ruined by ECB policies - that is why they are (and have been) discussing leaving the EU. Britain is the firs
by abduhl 10y ago
The economies of these countries have already been ruined by ECB policies - that is why they are (and have been) discussing leaving the EU. Britain is the first of many, in my opinion, and their economy was strong relative to others in the EU who are being screwed.
It appears to me that the EU is finally learning what the USA learned long ago: economic policy is sovereignty. If you cannot control your own economy then you are subordinate to who can: the states are subordinate to the federal government just like the lesser EU countries (Greece, Italy) are subordinate to France and Germany.
- jimnotgym 10y agoLeaving the Euro zone has nothing to do with leaving the EU. Italy and Greece have borrowed too much money from Germany and want a way out of it. At the moment the EU seem rather keen to stay together against Britain and against a hostile sounding US president
- blibble 10y agothe accepted mechanism for leaving the Eurozone involves leaving the EU via Article 50 (same as the UK is doing) alternatives include unilateral withdrawal, a treaty change (impossible), or a council vote (difficult as they don't want it to happen) see https://acelg.blogactiv.eu/2013/03/22/how-to-exit-the-eurozone/ https://acelg.blogactiv.eu/2013/03/22/how-to-exit-the-eurozo... for a more detailed version
- candiodari 10y agoYou do realize the US was the driving force behind the creation and cohesion of the EU ? It seems to me that lack of US support might turn out to be very, very bad for cohesion in the EU rather than good.
- pikzen 10y agoNo. The money might have been from the US. But the creation of the CEE, then later the EU was born of the will of European leaders. Martin Schultz had listened to the US but they weren't the driving force.
- dzhiurgis 10y ago> economic policy is sovereignty Wat? It's a free market. What are you on about?
- jwdunne 10y agoEU member states and the US are mixed economies. EU countries are at various levels of command and market, dependent on nation (though policy exists to prevent direct public ownership in some areas). The US is generally considered "more free" than many if not all EU members. Economic policy exists and is implemented. Much argument in the mainstream lies on how much command or freedom is required but no major party argues for either extreme. At least not publicly (open NHS privatisation would be suicide for the Tory party for instance).
- literallycancer 10y agoGreece ruined its own economy through corruption, nepotism and mass tax avoidance. They joined the Eurozone after re-submitting statistics 3 times. Does this[1] look like a healthy economy to you? 1 - https://en.wikipedia.org/wiki/Greek_Financial_Audit,_2004 https://en.wikipedia.org/wiki/Greek_Financial_Audit,_2004