Tuesday, 14 July 2015

The EU should we stay or should we go now? GO ... NOW!

So my question is why are we paying over £24 million a day (net) to support a union that only benefits one country? ... Germany. Baring in mind also that Germany has never repayed its external debts.

Ive always been of two minds re the EU but having searched for some time I can not find any real benefit to being in it. Less than 5% of UK companies directly exporting to the EU is not an amazing figure and farming subsidies? come out of the EU pay our own farmers more than they get from the EU and the Government would still have change.

My mind is made up at present we should come out of it as soon as possible and save £24million a day.

Heres some bullet points taken from the links below.

The true costs and benefits of staying in the EU - or leaving
  • Less than 5 per cent of UK companies directly export to the EU yet all are forced to bear the burden of its regulations. 
  • The EU is not a free trade area but a customs union, and one which has spectacularly failed to deliver trade deals with rising economic giants like China.
  • This is a damning failure: over the last few years, countries far smaller than the UK but, crucially, outside the EU (including Iceland and Switzerland) have been able to secure free trade agreements with Beijing. 
  • Britain’s economy has been held back by the demands of a regional bloc whose economy has become increasingly inward-looking and uncompetitive, and whose policies, not least the flawed single currency, have created the conditions for ongoing, persistent economic crisis.  
  • Were the EU to be intransigent then, given the fundamental problems that define our membership, we believe that Britain should vote to leave. As our study will show, the UK – as the world’s fifth largest economy – has nothing to fear from such a vote and, indeed, much to gain.

Greece’s brutal creditors have demolished the eurozone project
  • They demoted the eurozone into a toxic fixed exchange-rate system, with a shared single currency, run in the interests of Germany, held together by the threat of absolute destitution for those who challenge the prevailing order. 
  • What was left was a coalition of countries willing to adjust their economies to Germany’s. Britain had to leave because it was not.
  • From a pure economic point of view, we know that the euro has worked well for Germany.
  • Do you really think that an economic reform programme, for which a government has no political mandate, which has been explicitly rejected in a referendum, that has been forced through by sheer political blackmail, can conceivably work? 

Euro Benefits Germany More Than Others in Zone
  • THE euro has been very, very good for Germany. Other members of the zone have not fared as well.
  • Germany’s balance of payments has gone from a small deficit to a strong surplus, but in the euro zone as a whole the balance of payments position has deteriorated slightly.

  Is our EU membership fee £55 million?
  • In 2013, UK government gross contributions were £14 billion. After rebates and other receipts, our net contribution was £8.6 billion, or about £24 million a day.

Thomas Piketty: ‘Germany Has Never Repaid its Debts. It Has No Right to Lecture Greece
  • What struck me while I was writing is that Germany is really the single best example of a country that, throughout its history, has never repaid its external debt. Neither after the First nor the Second World War. However, it has frequently made other nations pay up .

As always your comments are welcomed.

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