Posts by Grumpy Guts

Assuming reciprocity, I presume EU individuals and companies (VW, Mercedes, AEG, etc.) will have their .co.uk domains cancelled...

I guess we can also look forward to a few million cars in the UK having to replace their EU number plates...

How It Works

The eurozone is only about creating a European superstate - a political ideal that seems doomed to failure..

The free movement of people within the EU is essential to the superstate concept to accommodate geographic variations in the economy. Unfortunately, there is no single government to enforce a single fiscal and economic policy. Free movement of labour is hampered by the absence of a single language and variations in government handout policies also distort the incentives that cause people to move. In my view the euro cannot possibly work unless there is a single European government with a common European language, which seems highly unlikely.

The USA is a single economic unit in which there is free movement of labour and everyone speaks the same language more or less - so a single currency works.

If Greece had not joined the euro, the problems the country has would have been much less severe - the drachma would have devalue, making their produce easier to export, and imports would be more expensive, so reducing them. Being in the euro makes the problems worse - and will continue to do so. The primary reason for Greece being incented to stay in the euro is to keep the European superstate concept alive. The effect is to prolong the problems the country has.