Edition: International | Greek
MENU

Home » EU Actually

Grexit and/or Brexit? Who cares?

Cameron’s government has been able to improve economic indicators and the economic perspectives are much better than in the eurozone even with Germany in its midst.

By: N. Peter Kramer - Posted: Monday, May 11, 2015

Last week England’s voters made it clear by giving David Cameron a majority in the House of Commons that the EU has to change or the UK will leave it ranks.
Last week England’s voters made it clear by giving David Cameron a majority in the House of Commons that the EU has to change or the UK will leave it ranks.

Last week England’s voters made it clear by giving David Cameron a majority in the House of Commons that the EU has to change or the UK will leave it ranks. They noticed that Cameron’s government has been able to improve economic indicators and that the economic perspectives are much better than in the eurozone even with Germany in its midst. 

Donald Tusk, President of the European Council, responded in a wise way. He wants to cooperate with Cameron to find a solution for the ever growing overpaid EU bureaucracy always busy with inventing and developing new and costly rules for member states and business. Don’t forget that Tusk was Poland’s prime minister before he became the Council’s President. And Poland, like the UK, is a non-Euro country with a relatively healthy economy. 

It is clear that in its current form the EU is not in a position to address the economic, financial and social problems of one of the Eurozone members other than imposing draconic demands leading to degrading austerity,  substantial wage reductions and causing high unemployment (specially of young people). 

The idea that one day an EU or eurozone member state might pull out of one or both of these clubs is no longer a taboo. The mere fact that there is now a debate over a possible exit of the UK or Greece and a consecutive implosion of the EU is a new reality!

Would EU citizens see an exit –chosen or forced- of a state from the EU or the eurozone as a tragedy? Don’t think so. In the eyes of a vast majority, the EU does not address their immediate concerns. There is consequently a growing indifference and even a rejection of this ‘Europe dictated by Brussels’.  

READ ALSO

EU Actually

President Ursula von der Leyen has seen better days

N. Peter KramerBy: N. Peter Kramer

EU leaders, member states, MEPs, EP political groups have had it with Commission President Ursula von der Leyen.

Europe

The EU Needs a Third Way in Iran

The EU Needs a Third Way in Iran

European reactions to the war in Iran have lost sight of wider political dynamics. The EU must position itself for the next phase of the crisis without giving up on its principles.

Business

The EU’s zig-zag road towards stronger financial markets

The EU’s zig-zag road towards stronger financial markets

Giles Merritt delves into the confusing welter of efforts to streamline Europe’s national financial players into a more dynamic single capital market

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2026. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron