Edition: International | Greek
MENU

Home » EU Actually

Britain becomes an EU colony?

The dust has a bit settled on Theresa May’s Brexit deal with the EU. It looks like that more people took the chance to read more of it and to compare it, for instance, with a no-deal that no one knows what exactly will mean

By: N. Peter Kramer - Posted: Tuesday, November 27, 2018

May’s deal keeps the UK aligned to the EU but with no jurisdiction of EU courts.  Of course, it will not have the full benefits of a customs union, but neither it will have the same obligations.  It allows the UK to have its independent immigration policy. Regarding the Irish question, the backstop will give the UK frictionless trade possibilities inside the customs union, without contributing to the EU budget
May’s deal keeps the UK aligned to the EU but with no jurisdiction of EU courts. Of course, it will not have the full benefits of a customs union, but neither it will have the same obligations. It allows the UK to have its independent immigration policy. Regarding the Irish question, the backstop will give the UK frictionless trade possibilities inside the customs union, without contributing to the EU budget

By N. Peter Kramer


The dust has a bit settled on Theresa May’s Brexit deal with the EU. It looks like that more people took the chance to read more of it and to compare it, for instance, with a no-deal that no one knows what exactly will mean. 

Put the trade relation between the UK and the EU straight under WHO ruling? Legal experts rack their brains about it in the heat of the moment. No clear answer yet.

But hard Brexiteers act perfectly rationally when they favour a no deal. Not only the UK gets out, but it also slams the door for several options: a formal customs union, an EFTA membership or even a return to a full membership of the EU. 

May’s deal keeps the UK aligned to the EU but with no jurisdiction of EU courts.  Of course, it will not have the full benefits of a customs union, but neither it will have the same obligations.  It allows the UK to have its independent immigration policy. Regarding the Irish question, the backstop will give the UK frictionless trade possibilities inside the customs union, without contributing to the EU budget. But, the UK can’t make its own commercial laws and trade agreements.

A former Australian High Commissioner to the UK, Alexander Downer, said: “there are good reasons for the UK to remain in the EU and there are good reasons why it should leave. There are good arguments for both cases. But whether you are a leaver or a remainer, there is no good argument for turning one of the greatest nations in the world into a colony of Europe”.

READ ALSO

EU Actually

European Parliament challenges member-states with an additional budget increase of 10 percent

N. Peter KramerBy: N. Peter Kramer

In his weekly column, N. Peter Kramer writes how the EP opposes Commission’s proposal to cut back on traditional programmes such as agriculture and cohesion

Europe

The EU–India Deal Is Done. Africa Must Be Next

The EU–India Deal Is Done. Africa Must Be Next

The EU-India FTA deal showed Brussels can move when the stakes are high; Africa is the real test of whether Europe can protect its economic security in a more fractured world.

Business

Where Romania can build excellence: the sources of future competitiveness

Where Romania can build excellence: the sources of future competitiveness

Romania has been, for most of its recent history, a story of potential deferred. The standard account of Romanian competitiveness, to the extent one exists in international business literature, is a cost story: cheap labor, low corporate taxes, a large domestic market for Central and Eastern European standards.

MARKET INDICES

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