Is the EU unworkable as a unified economic bloc?
Debate Rounds (3)
This, in my opinion is not economically viable and cannot possibly work. Because member states in the EU are very economically diverse and need the flexibility to determine their own economic and monetary policies. Many are now running extremely high debt to GDP ratios (since joining the Euro) and in severe financial trouble (notably, Greece, Ireland, Italy, Iceland).
The only country with a major trade surplus capable of continuing to prop-up failing member-state economies is Germany. Will Germany bare the brunt of burden? I don"t think so.
The UK, a significant member state economy is not a member of the Euro and is not in favour of further economic union (at present at least). A UK referendum is coming soon on the UK"s continued membership. An exit may well be likely unless the EU agrees UK"s proposals to dramatically downgrade EU plans for economic and political unity (an idea they seem very resistant to).
What is the future of the EU? Is it viable to continue economic unification or is the Eurozone project doomed to fail?
Not only will the European Union survive as an economic entity but also a cultural/ military entity that is sucking on the blood of every different culture and cleansing any other language but French and English. It's a bit ironic but Germany has always been the supposed military behind it. It's interesting how it works, thanks to the Treaty of Lisbon, 3 unelected "Presidents" who tend to be under the radar meet in Belgium in order to give the rules and assignments to every other European Country. Assignments on how many refugees or immigrants they MUST take in. The rules also say how many representatives each country is allowed, but in general the European Union acts exactly like the Federal Government of the United States but without a single vote into office.
Yes the European citizens get to vote in their own countries but it doesn't matter much because EU legislation always trumps over the European Culture. Fortunately the UK has always suspected this which is why it kept the Pound. Unfortunately though it isn't the same for Ireland who has the Euro. Though when countries fall into severe financial trouble this is when Germany must bail them out of debt, it is written completely against the German Citizens while Germany is the main Economy.
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