Friday 31 August 2007

European Referendum?

Are we going to get one? Probably not. Does it matter? It depends on your
acceptance of the European project of a common foreign policy, Euro army
etc. The Europeans would probably prefer a federal structure for the UK
and are nearly there with the various administrations in Scotland, Wales
and Northern Ireland. Brown/Blair are always tight-lipped on what they
get up to at this Euro summits, although there is much talk about red
lines.
One problem is the UK's lack of membership of the Euro zone. There is also the possible departure of the Club Med countries. People say this can't happen but in Italy the politicians have been talking about the possibility of such a
move. If Italy had the lira, which they could devalue, then this would be
some protection against German exports.

No comments: