Johnsonontheleft said:
If the europhiles had their way we'd have swapped the pound for the euro long ago and we'd be a damn sight more fucked than we are now.
"UKIP are racist" - this is the only fucking counter argument they've got. Laughable.
Ok, so I believe that while the euro appears to be failing, it does not necessarily mean that monetary only unions will always fail. That doesn't mean to it won't continue to do so by the way.
We must take into account the circumstances of the global economy over the past six years. Mistakes were made, yes, the German debt model couldn't be extrapolated, in the early years over stimulated demand wasn't felt with by contraction, governmental lending was also probably too high (as a consequence excess wasn't dealt with) and austerity was possibly over emphasized recently.
But, that does not mean that monetary unions can't exist successfully. The eu is as much a product of the crisis as we are/were.
It has developed free trade agreements, and is in the process of developing more. It is a fact that the uks income from Europe is much higher than income from the us, aus and brics and over fifty percent of exports go to the eu.
Our indecision on the eu is merely strengthening other countries resolves when it comes to our negotiations. Over time it will become harder to successfully negotiate beneficial terms to joining completely.
I think, now we are a globalised world anyway, that we are going to be more and more dependent on other countries to support our own economy, whether we like it or not.
The cost of our current membership is small and certainly outweighed by benefits, but whether or not we can agree favourable terms may force our hand.
Some would argue that with increased globalisation it makes sense to work with our neighbours, others will argue that we can do so without a union. It boils down to ideological differences, but there is a great deal of misinformation out there.
Me? I think ill sit firmly on the fence.
There, and not a mention of the word "racist"