Monday, January 27, 2014 11:26:05 PM
One of the biggest problems with the EU is that countries that joined gave up control of their currency. Before, if a country like Greece went too far into debt, they just fired up the printing presses and inflated their way out of it. Now they can't do that, and it`s dragging down the entire continent. It`s like putting all your money into a joint bank account with everyone in your town including the winos and crackheads.
Monday, January 27, 2014 11:37:38 AM
An interesting thing I've noticed about the European press is how they typically describe EU skeptics as "loons" and try to belittle them in every way possible even though they probably make up a majority of some of the European countries, or at least a plurality.
It reminds me of the Economist`s recent cover, "Europe`s Tea Parties" with a picture of Nigel Farage, and others - it was an attempt to further belittle EU skepticism even though Nigel Farage doesn`t strike me as anything like Michelle Bachman.
Europe was the center of innovation and the world economy for centuries, the EU is antithetical to the classical liberal policies that made it that center.
Monday, January 27, 2014 11:06:29 AM
The EU was a grand idea But even a blind deaf person could tell it was heading for hell in a handbasket, and we are spiraling down to it now
I've always said that it was a house of cards because it`s not actually a union. There`s no underlying unity. It`s a flimsy facade of union built on nothing. Time and time again, history shows that imposed unions don`t work unless they`re imposed by conquest and force and even then they usually collapse later unless the period of imposed unity results in real unity.
Add in the epic levels of waste in the administration of the EU and it`s really not looking like a long-term thing. Which is a shame, as I think we need some sort of union simply to scale up to match the other large unions (USA, China, etc).