The EU is a curious mix of Autocratically controlled crony capitalism (Google and McD’s love it), and socialist redistribution. The poorer countries are in the east (ex-soviet communist, now democracies); and south (Mediterranean siesta economies).
If the EU applied to join the EU, it would be refused on the grounds that it doesn’t respect basic democracy. It is controlled by unelected bureaucrats who dictate new legislation to a rubber stamp of a parliament. The member nation states are in the process of having their sovereignty dismantled, using the European Court of Justice, the borderless Schengen zone, the single currency and the (German dominated) central bank.
It’s a catastrophe unfolding before our eyes. The single currency has all but destroyed Greece’s economy, with 50% youth unemployment blighting the lives of the young. The rest of the mediterranean countries are economic basket cases too. France is headed the same way.
Here’s how the EU intends to deal with the massive structural problem it has created. You won’t believe this. The European Stability Mechanism is about to be injected with steroids. The UK can’t be forced into this, because we didn’t join the single currency, but it will have a huge impact on UK if we don’t get off the sinking ship.
At first, I thought this must be a spoof. But here’s the official document, and all the quotes in the video really are in there.
It’s nuts. We have to leave on June 23.
Obama added about three percentage points to the ‘Out’ campaign in the polls, which are now neck and neck. I hope he comes back to tell us what to think again.