It woukd be ridiculous to join a football club but state you do not wish to play or watch football. It would be even odder to complain about the consequences of other club members playing and watching, leaving you on your own at club events. Yet the UK government thinks it sensible to belong to an international organisation based on the Euro and free movement of people, whilst not wishing to do either of those things. It’s even stranger to then demand a lower club subscription because you disagree with the main purposes of the club and its spending patterns.
It will be increasingly difficult to maintain the semblance of UK independence and self government as the EU comes to take over more and more aspects of our lives and laws. The UK already finds it difficult to stay out of Euro area bail outs, willingly helping with the Irish one and unwillingly being dragged into the short term Greek loan. Regulation of the City is increasingly settled in the EU in ways designed to assist the Euro area.
The Treaty architecture does not make a proper separation of Euro decision making and budgets from the wider EU. The UK will be dragged more and more into the huge transfers of money that will be needed to enable the poorer and less economically successful countries to survive within its austerity driven policies. There is no proper legal Treaty based opt out from the regional transfers and economic promotion policies the Euro area needs.
The Germans and others see the so called “single market” as embracing freedom of movement, all the regulations, and the Euro. They think staying out of the Euro allows a country to try to get an advantage through devaluation. There will be more attempts to divert business from London to Euro area centres both by competitive actions and by regulatory creep. The City will often find itself regulated in ways it does not wish, and in ways which may drive business out of London to non EU centres. The UK government has lost important court cases in recent years over regulations which do send business outside the EU altogether.
I find it difficult to understand why most UK pro EU advocates do not wish to join in with the Euro and free movement. After all, many of them backed the Euro before it was established and told us we should join. They refuse to talk about the wild ride to political union that is the driving force of the modern EU. They are keen for us to stay in as they want us to help pay the bills of their ill fitting single currency. The only logic to joining a football club is you like football.Surely these EU enthusiasts must be disguising their love of the single currency and freedom of movement.