What do YOU think should happen to the Eurozone? (user search)
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  What do YOU think should happen to the Eurozone? (search mode)
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Poll
Question: Just the Eurozone specifically, not the EU as a whole.
#1
It should remain as is
 
#2
Countries should give up economic autonomy for more integration
 
#3
Countries need more economic autonomy
 
#4
The weakest countries should leave
 
#5
The Euro was a mistake and should be eliminated
 
#6
Other (explain)
 
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Partisan results

Total Voters: 63

Author Topic: What do YOU think should happen to the Eurozone?  (Read 5739 times)
Person Man
Angry_Weasel
Atlas Superstar
*****
Posts: 36,667
United States


« on: August 21, 2014, 05:21:30 PM »

On one hand they need some sort of integration to compete globally against the US and China in terms of security and trade, on the other hand, they are a wide range of economies, peoples and languages with a different set of fiscal and cultural goals.

It would be great if we could have stronger and more reliable allies in the world so that we can repair our aging infrastructure, insolvent higher education system and provide tax relief but this would put too much in the action or inaction of others.

At this point, the entire "Eurozone" thing is at a crossroads like we were in Iraq a few years ago. The Eurostates need to just keep dumping Chlorine into a green swimming pool or they need to climb down over the next 20-30 years until they are more or less a free trade zone where you don't need a passport to cross the borders.
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Person Man
Angry_Weasel
Atlas Superstar
*****
Posts: 36,667
United States


« Reply #1 on: August 22, 2014, 01:32:23 PM »

On one hand they need some sort of integration to compete globally against the US and China in terms of security and trade, on the other hand, they are a wide range of economies, peoples and languages with a different set of fiscal and cultural goals.
Why do they need to be in a customs union to compete in terms of trade? It would probably be easier for European countries to make trade deals with the rest of the world if they could all do so independently instead of all having to do so through a single common trade policy.

What do you mean in terms of security? Does the EU have any substantial common military forces?

Would it help if they did?

So, what you are saying is that if there were no common currency, Britain could trade through Spain and through there trade with Kazakhstan that has lower duties on Spanish goods than British goods?  That's a good point but it seems more complicated than a more concentrated approach.
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