This is a part 2 of the article “Not a bright future for the EU”. To read part 1, click here.
With the ongoing crisis, it is becoming clearer and clearer that the overpraised European solidarity was just a catchword and what hides behind it is the desire of the most powerful countries in EU to rule the whole continent. What is more, the hypocritical bureaucracy does much effort for some countries to spend more than they earn without punishment, thus helping well-off countries remain well-off while less developed ones become poorer and poorer.
Euro Zone proved to be a territory of instability, connected with the Euro/Dollar correlation. How does this happen? As long as the crisis is reducing the economies of all countries, there is a currency fall everywhere and the actual question is which currencies are about to fall faster than others. The power of the economy determines the power of the respective currency. The Euro Zone has too many weak points, such as Greece, Italy, Spain, Portugal. The situation in EU-members that are not members of the Euro Zone, such as Britain, is not flourishing, either. The Euro Zone is agonising but the EU is trying hard not to exclude countries from it as long as this will put an end to the idea of European unity that is supported by the ruling governments. So nothing surprising is happening – the ruling elite in the poorer countries will sacrifice the citizens’ income in the name of saving their own position in the hierarchy of the EU, which, for some countries, is rather colonial. In the same time, rich Western European countries will not be prone to sacrificing their well-being to save the poor countries in the periphery.
The British patient
Britain seems to be divided about their membership in the EU. Corporations support the membership as long as they make big profits from trade with other EU-countries. Nevertheless, you can hear many British citizens fairly insist on leaving the Union in order for the Kingdom to invest more in its own economy. In January, David Cameron was provocative enough to say that leaving the EU is possible. This move may be interpreted as a part of the typical “wait and see” position in the foreign policy of GB, that has been applied for centuries. With its crucial geopolitical location, the UK will never leave other European countries neglect its notability and impose their political decisions on it without questioning.
The obvious crash of the European project is a result of the rash to enlarge the EU by means of joining economically undeveloped countries and giving them no chance to develop. Although the idea of United Europe has been around for centuries, it seems that Europe made haste and did not accomplish it properly. Maybe when Western Europe started creating the Union, a pessimistic scenario was not expected.
Sites That Link to this Post
- Not a bright future for the EU (part 1) | Bitter Bananas | September 15, 2013