Friday, 30 May 2014

EU has a Crisis on it's Hands 30-05-2014

EU has a Crisis on it's Hands 30-05-2014
Europe has an even bigger crisis on its hands than a British exit
British people will vote to leave the EU unless offered a new dispensation, writes Ambrose Evans-Pritchard
EURO Coin
Brexit would change the chemistry of the union, leaving Germany in a hegemonic role it does not want, and leaving France in a very awkward 'menage a deux' Photo: Reuters
9:02PM BST 28 May 2014
If Europe's policy elites could not quite believe it before, they must now know beyond much doubt that they have lost Britain. This island is no longer part of the European project in any meaningful sense.
British defenders of the status quo were knouted on Sunday. UKIP won 27.5pc of the vote, or 29pc after adjusting for the negligence - or worse - of the Electoral Commission in allowing a spoiler party with much the same name to sow confusion. Margaret Thatcher's Tory children are scarcely more friendly to the EU enterprise.
Britain's decision to stay out of monetary union at Maastricht sowed the seeds of separation, as pro-Europeans fully understood at the time, though almost nobody expected EMU officialdom to clinch the argument so emphatically by running the currency bloc into the ground with 1930s Gold Standard policies and youth unemployment levels above 50pc in Spain and Greece, and above 40pc in Italy.
European leaders must henceforth calculate that the British people will vote to leave the EU altogether unless offered an entirely new dispensation: tariff-free access to the single market along lines already enjoyed by Turkey or Tunisia; and deliverance from half the Acquis Communautaire, that 170,000-page edifice of directives and regulations that drains away sovereignty, and is never repealed.

Britain will leave the European Union. The Bible has long said (2,500 yrs ago to be exact) that Britain will not be a part of the European Union when Russia and the EU invade the Middle East.