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Quote by: rmnunez The (European) currency is inflated despite chronic deficit spending ... |
Well, a No vote in France/Netherlands would probably lower the euro. :)
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... and their competitive edge has eroded with the addition of costly benefits and entitlements
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Yes, and a lot of people, precisely, will be voting No because they don't wish to be part of the global sweatshop.
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Newly integrated members are successfully pursuing reductions in social spending and fewer labor-related benefits to spur employment and economic growth.
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But after they (by which we mean their
governments) get over their present bout of Washington Consensus Syndrome, they'll want those things back.
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Immigration is a major problem and the EU has failed to curb this.
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The proposed constitution could well exacerbate it.
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I do believe this constitution should be postponed until the European Parliament feels the need, that they should draft it rather than Giscard and that thereby they can constitute themselves as representatives of their respective governments rather than obscure grey functionaries of indeterminate diplomatic precedence and quasi executive function as they now are.
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Well, poor old Giscard was trying to please everybody. He has pleased no one (except the bizboys).
By the way, the European Parliament represents the
people, not the governments.