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> They would be better off economically Considering the experience of Spain, Italy, Portugal, Italy, etc. in the EU thus far, I highly doubt that conclusion.
by kaonashi 13y ago
> They would be better off economically
Considering the experience of Spain, Italy, Portugal, Italy, etc. in the EU thus far, I highly doubt that conclusion.
- s_dev 13y agoThose experiences are commonly attributed to the EMU not the EU.
- mercurial 13y agoAre you contending that the EU did not have a huge positive influence on the Spanish economy from the time it joined the EU until the economic crisis? The fact that the Spanish government, much like the Irish, let a bubble form, isn't, as far as I know, the fault of the EU. I agree that the current policy of austerity is an extremely bitter pill to swallow, but seeing the influence of the EU on the southernmost member states only in light of recent events is mistaken. Of course, it is possible that you simply dislike market economy, but that's a very different debate.
- kaonashi 13y agoHere's an excellent run-down of the inherent flaws in the EU institutional arrangements. http://www.lrb.co.uk/v14/n19/wynne-godley/maastricht-and-all-that http://www.lrb.co.uk/v14/n19/wynne-godley/maastricht-and-all... tl;dr everyone can't be a net exporter at the same time