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& the Cloggies say ‘Nee’

The EU Constitution; ummmmm. Now here’s a funny thing that occurred to me at about 1 am this morning, upon returning from an (unsuccessful) fox shooting trip. In the European countries where the ratification process has been put to a popular vote, the electorate have said resoundingly ‘No’. In the countries where ratification has been via a Parliamentary vote, they have said ‘Yes’. Worrying to think how out of step the political class is with the common man in whatever country.

As I prepare my celebratory lunchtime Edam feast, you might just want to have a little look at Anatole Kaletsky’s view of what has been going on …

"...there is a deeper error in the Europhiles’ excuse that the referendum results were really a popular protest against globalisation: the vision of Europe as a bastion against globalisation and Anglo-Saxon economic liberalism is not only a political fantasy, but also an economic pipedream.

Europe is more dependent on foreign trade, investment and capital flows than America. Europe’s businesses and banks are more vulnerable than America’s to currency movements and global capital flows. There is no alternative to the capitalist system of economic management which could secure the survival of Europe’s labour-intensive industries against Chinese competition or make its state pensions, welfare benefits and short working hours affordable in an era when pensioner numbers are soaring, while working populations are in decline.

The idea that closer political integration could somehow turn these self-indulgent dreams into a new European “economic model” has been the dirty little secret of the EU project. Of course the citizens of Europe would like ever-rising incomes and ever more job security, in exchange for doing less and less work and retiring earlier and earlier — and they might be tempted to vote for a constitution which guaranteed these fantasies as fundamental human rights. On closer inspection, however, the citizens have begun to realise that their politicians have been selling Europe on a false prospectus."

More good stuff here

Comments

It might be a little more grown up than that, also it looks to me that the euro wants to supplant the petro-dollar, any sight of that and the US should, to protect itselffrom meltdown and to protect the rest of world from the fraud that is the euro, probably the US could sink the euro any time they like, if it became a threat they would. Generally euroland seems to be labouring under the delusion that it can become the new USA, I suppose it is a bit more modern than thinking you are Napoleon but still a tangable sign of insanity.

If the Euro wants to take over the Petro-Dollar, they they can pick up the regional security tab for all that petro delivery and refinement and whatsis.
Just grab the EuroCredit Card, like a French pilot run out of gas...

I saw the German ambassador to the U.S. being interviewed on the idiot box the other night. He stated that Germany exports more than the U.S. If that's not globalization, I need a better definition.

Now that I think of it, he didn't mention who was buying all those exports. I know we are on the wrong side of a trade imbalance in the U.S., could this be part of it?

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