The UK is a strange place inwards looking towards Europe and outwards looking towards the USA at one of the same kind. Never completely approving of either set of allies. This conflicted trading position ,when added to the fact that we stayed well out of Euro, has given the UK good economic growth and better global markets than it's trading neighbors. Being Americanised first we have been saved from most of the grief that European partners had to go through downsizing domestic expectations of what the state could offer in welfare care!
The upside of this Americanisation of the UK has been steady economic growth, higher employment rates , access to global markets and unleashing the power of the individual. The downside has been globalisation, accelerated inequalities and sharper booms and slumps.
With climate change, economic development of underdeveloped nations and globalisation being high up the international agenda politicians have a US ally in Obama who will be far more pro active than Bush.
Europe now is imploding as Greece,s illness has begins to look terminal. £600 billions of aid to Greece may or may not work and as the German's fall out with the rest of Europe there is a widening terror that domino like Greece's problems may infect both Spain and Portugal. Bitterly the Germans are looking towards the IMF............whose usual medicine spending freezes and privatisation of all public services could drive a coach and eight straight through the principles of the EU!!!
It could well be as some observers hypothesise that some EU leaders will want to accelerate political union to match the already achieved currency and trading union that the EU has already achieved! But of course the UK is less than enthusiastic about European union. Back at the dawn of the EU Winston Churchill was enthusiastic about political union as the solution for the rest of Europe. not us...Later DeGaulle was determined that political union never included the UK.
Europe has by and largely been excluded from the British General Election with the Conservatives euro scepticism offsetting the Liberals bounding enthusiasm for Europe. The problem is that whilst the British Public voted slightly more enthusiastically than labour and rejecting entirely the Europe enthusiastic Liberals for the conservatives taking firm action on the domestic economy, Cameron if leading a weak coalition could be yanked by his hair right into the middle of the deepening European crisis. But they have no policy. This could be an interesting time. The deepening crisis may well outstrip the EU,s abilities and resources and there is no saying where this yellow brick road might actually end. "Airstrip 1"?
Monday, 10 May 2010
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