The Single Market is like a customs union. Tax and duty paid in one member country is deemed as tax and duty paid in another member country and so goods are free to move across borders between members. Many readers eher will not remember the bad old days when trucks crossing borders had to queue and wait for a customs official to measure the amount of diesel in the fuel tank and then the driver had to pay tax on the import of that fuel into that particular country. Only passenger vehicles were exempt.
Hannah is simply playing word games. He admits the EU is internally a free trade area but, the fact that it is not free and open to the world is not unusual. Most of the world is not free and open to the EU or to many other parts of the world.
Hannah provides examples of free trade areas, Nafta (Canada, the United States and Mexico) and ASEAN (ten South East Asian states). The EU is setting up similar Free Trade Agreements, EU-Japan Free Trade Agreement, EU- Canada Comprehensive Economic and Trade Agreement, EU-US Transatlantic Economic Council, EU-India Free Trade Agreement, EU-Mercosur Free Trade Agreement.
Hannah says nothing but he does demonstrate his naivety; "The optimum deal for the United Kingdom is surely to be in a European free trade area but not in a customs union." That's like saying that the optimum deal for the United Kingdom is one where the UK is the sole winner.
We'd all like unlimted freedoms but with no attached responsibilities but you will never ever eliminate 'if you sell to him, I won't sell to you' and very quickly, 'and I'll ask my mate not to supply you at all'. Deals are struck, bargains are made. No one allows a single trader to take all the profit.
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Mrs Merkel said that though Europe was on the right path to overcome the crisis, she added: "Whoever thinks this can be fixed in one or two years is wrong."
“We need a long breath of five years and more,” she told a conference in Sternberg, Germany. “We need rigor to convince the world it’s worth investing in Europe.”
Two years ago some heavily indebted European countries were dragged into the turmoil that first gripped global financial markets in 2007.
Greece in particular has been struggling with the austerity conditions imposed on it by countries such as Germany.
But Mrs Merkel told a regional meeting of her Christian Democratic Party on Saturday that the time had come for "a bit of strictness."
We love the Germans. Just stop trying to make everyone like you guys. It is warm and sunnny in Greece, they have lots of fishing and tourists they don't need to be like Germans. Part of that life style is about beeing slow to pay taxes, having lousy plumbing systems and health services. But,,,,, they really now how to live, smash plates feel angry, love, pashion, they all smoke plenty too so die much younger than germans = lower pension liabilities and high tax income. STOP TRYING TO MAKE THE WORLD GERMAN. Try looking at a film about the Zulus or something to brake the habit.mmm maybe a bad example LOL. dad.
I'm against EU and Euro.
If you would have read the thread you would have noticed that.
BUT:
Nobody is forcing the Greeks to keep the Euro or to be a member of the EU.
Like nobody forced them to take credits and buy Porsches, Leopards and Submarines from it.
Good that we made this clear....
:)
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gilesw
Today 06:38 PM
When's the next Greek general election? Presumably the euro crisis will be resolved (one way or another) soon after the Golden Dawn party come to power.
I cannot imagine the population of Athens being prepared to live another 5 years in what appears to be (on the TV news anyway) an increasingly post apocalyptic setting (burnt out shops, graffiti everywhere, more and more people relying on food hand-outs, daily battles with the riot police etc.).
The Americans work very very very hard - no 37 hrs week - they do that X 2 ++ just to be american. They have a freedome that will embrace the world changing about them much faster that we do in the East (Europe) so dream on if you think the Euro will ever challenge the Dollar. If that is yor bet you will loose your thread bare shirt. And even if I'm wrong and they loose your asian chineesey treturouse bet they have the biggest army and properly aggressive (old style killing) obedient army ever assembled by man kind. Do you really want to shout CooKoo at the USA.
The upper echelons of the EU are showing their mastery (or maybe only their determination) in hiding unconvenient things from the public once again.
Interesting to note, that during the start of the Target2 discussion in Germany, a Germany economist did an analysis of the collateral, that southern states had provided for their Target2 liablilities. And the result had been quite shocking, from Spain, he found a loan by Real Madrid, that had been created to buy Christiano Ronaldo and from Portugal there was something, you could call a really long-term bond, since it had an interest rate of 0% and a maturity time of 9999 years (and thats not a typo).
Basically - as they proclaimed - the ECB will do "everything" to prop up the south, no matter how risky or legit, as long as they can plaster over the cracks of EMU.
And hey, after all the South has the absolute voting majority in the ECB directorate. Why so shy showing that you are damn well using it?
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