By M. Holmes
This re-creation of The Eurosceptical Reader argues powerfully opposed to the speedily accelerating technique of eu Union's (EU) fiscal, political, and armed forces integration. It chronicles the EU's present fallacious turnings and ignored possibilities. subject matters mentioned comprise the only forex undertaking, the great Treaty, and the fast response strength.
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The obverse is more likely. If we do enter the euro, our global influence is likely to be reduced. Surprising as it may seem to those who have watched the fluctuating fortunes of sterling over the years, the pound still has symbolic, and more than symbolic, importance for our overseas position. ’ He had no sentimental attachment to the pound but he sensed that, from the abandonment of sterling, much else would follow and that Britain’s political weight would be so much reduced that it would be a much less valuable partner.
Britain and the world A curious feature of the discussion about British influence and the euro is that it is usually confined to the impact of the eventual decision on our influence within and upon the EU itself. Such eurocentrism is misleading. Much British influence in the world has little or no connection with the Union. Unlike all other member states except France, Britain’s assets, interests and influence are spread worldwide. There is no region of the world from which we could withdraw without material damage to our interests or a feeling that we were abandoning people whom we had an obligation to help (or both).
The two most common measures taken of ‘regional’ welfare are the level of per capita income (PCY) as a measure of living standards, and the rate of unemployment. 1 gives data on these variables for the countries of the EU in 1997 and for some non-EU countries as well. Wide differences in living standards and unemployment are immediately apparent. Denmark is more than three times richer than Portugal, measured in terms of the purchasing power of currencies. In Spain, unemployment is more than 20 per cent of the workforce, over five times higher than in Luxembourg and over twice the EU average of 10 per cent.