According to the Pink Book (2001) 43% of Britain's trade is with the Eurozone, which takens account of all visible and invisible exports and investment. The dollar is a much more important currency to us and the euro has been much more volatile against the dollar which would damage the majority of our trade.
So investors have their eye on the big market across the channel. According to surveys of foreign investors in Britain, the main attractions are the English language, the flexible labour market and the low(er) amount of regulation, all reasons unconnected with the EU.
The British do work longer hours but look at what the 35 hour week has done to France. It has increased unemployment as businesses move elsewhere and some European politicians have acknowledged that there will have to be changes to the system.
I still say its much better to keep control of our own currency so we can set our own taxes and interest rates. Britains interests are far better looked after in Britain than Germany.
Look at the last time the £ was linked to a foreign currency. We had the ERM disaster only this time there would be no escape route.
Bill Cosby - What exactly is the point of having rules if you don't have to meet them? It makes a mockery of the whole notion of EMU.
Slip, Freudian wrote:"only a small part"?!?! Thats a lot of money flowing you know. I can clearly see you are no economist.
And there is a hell of a lot more money on the other side. You don't need to be an economist to see that our interests would be best served protecting the 5/6ths rather than the 1/6th.
Slip, Freudian wrote:They don't have to, and they will benefit. Especially the big companies like to do business with ISO certified businesses.
Where will the money come from then? How will a small business that does no trade with Europe benefit?
Slip, Freudian wrote:Who says Britain is unattractive? Besides, those investments could even larger if investing to Britain would be easier.
I was quoting another poster. If we want to make ourselves more attractive to investors then I suggest not going the European route.
Would you think that they would have fined Holland for failing to control it's economy? It makes no sense to punish an already suffering economy. If that would have been done these countries would leave the EU or something, they are not stupid. These were rules, not a law.
I doubt any continental country would willingly leave the EU seeing as they all get more money from the EU than they put into it. (Germany and Britain aside)
Corrupt? I do not think so. Everything else might be true, but you must admit that the idea of EU is nice. No one can see anything bad in promoting human rights and ecomic wellbeing.
The entire commission was forced to resign a couple of years ago for mass corruption. Almost all of the new commission are also under investigation for a variety of crimes including bribery, perjury and tax evasion, including the leader Prodi. Getting him to sort out corruption is likely asking McDonalds to look after your cow. Then there was the quota hopping scandal (for which the Spanish have not been punished) and the Greek and Italian paper olives saga. Remember the three year herring ban when all of the Latin countries continued to catch everything?
I do not think this is the case. They clearly see the good and the bad, but no system is perfect, and they honestly believe that the EU is good for them and the rest of the world.
And Hitler thought that his philsophy was for the good of Germany. He was just as passionate about it as todays Europhiles are about the EU.
Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.
- Groucho Marx