I agree that it's not ineffectual. It's very effective at imposing austerity, privatisation and deregulation, especially on the periphery countries. It's also e

I agree that it's not ineffectual. It's very effective at imposing austerity, privatisation and deregulation, especially on the periphery countries. It's also effective at encouraging foreign ownership of industry and exploitation of migrants. On occasion, the EU does something that is accidentally useful to most people. But in general, it's bad for all workers and even businesses of the periphery countries.