Thursday, December 27, 2012

A 'new Europe' ?

David Cameron's quest to find a new deal for Britain in Europe by clawing back powers from Brussels could cause the European Union to fall apart quickly and inflict immense damage on the single market, Herman Van Rompuy, the president of the European council, has warned.

IMO: There has been the fear of the EU falling apart for over a generation, and with good reason. Van Rompuy's comments could lead to diplomatic success, therefore, for both for Cameron and Van Rompuy - but probably will not. Schäuble said "Without the EU as an amplifier, Britain's influence in the world would be lessened. No European country alone can make its voice heard in today's globalised world," So basically we will be left with ticky tacky countries like UK and Germany. Both of these are likely to stay in the top 10 economies for many years - but India and China are likely to be leaders on the basis of population. What of the USA ? Difficult to say, for only too many reasons.

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