Europe is Burning

Gasoline bombs greeted police officers in Athens.  Meanwhile, negotiations over the shared European financial sector as well as budgets are at the top of the list for EU leaders, but a standoff between the two key players could render talks innefective:

The French-German dispute matters. Agreement between governments in Paris and Berlin is seen as vital to any steps toward further integration in Europe and for ensuring the survival of the common currency for the 17 E.U. countries that use it.

via French-German Disputes Could Mar E.U. Summit – NYTimes.com.

It will be no surprise to reveal that the British aren’t keen on the European project.   But new ripples are emerging that they might back out even further:

All of this has fueled concerns that Britain is moving inexorably toward the E.U. exit door. Political and financial pundits have coined a term for this development: “Brixit,” a variant on “Grexit,” the shorthand for Greece’s much-predicted departure from the euro zone.

Mr. Cameron says that he is trying to keep Britain in the Union. He argues gamely that popular consent to E.U. membership can be regained only by refocusing the relationship on Europe’s single economic and free trade market — which accounts for half of Britain’s foreign trade and investment, according to the government — and loosening other ties.

via As Crisis Widens, Fears That Britain Aims to Exit European Union – NYTimes.com.

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4 thoughts on “Europe is Burning

  1. Ankit Lohani says:

    UK has always been on a love/hate relationship with EU. The United Kingdom is a very proud nation. We can easily tell that just on the basis of how Romney’s remark on the security in London Olympics was treated by the British media and prime minister. They pride on their heritage, and of course in the English Premier League.

    So, when EU was established and decided to use a common currency, on one hand they wanted the 10 trillion pound European market close to their reach but they also didn’t want pound sterling to lose its identity. This makes it clear that they didn’t trust EU totally and didn’t want them to make their economic decisions, but wanted to stay in total military and political alliance with them. Hannan, on a debate posted on the economist writes,

    “The EU is showing its age. It is a lumbering, dirigiste, 1950s construct, falling further and further behind in a competitive world. Britain should maintain its trade links with the continent, its intergovernmental co-operation and its military alliance. We should never turn our backs on Europe. At the same time, though, we should raise our eyes to more distant horizons and rediscover the global vocation that our fathers took for granted.”

    http://www.economist.com/debate/days/view/796

  2. katiaroque says:

    The rising cost of living is driving many European citizens outwards to look for new opportunities abroad. In a survey done by a British newspaper called The Sun, 48 percent of those who participated, have considered leaving the country, and 6 percent admitted making plans to actually do it. The high prices for basic necessities such as food and housing, was named by 52 per cent as a good reason for leaving. The population of Great Britain is pushing its government for an exit out of the European Union because they feel that they are not receiving many benefits from it, but are mostly there to help foot the bill of rescuing countries such as Greece out of the recession. The population is blaming the millions spent in such endeavors as one of the causes of domestic rising prices. I can feel empathy for the resentment, but if the UK leaves the European Union, it may be the end of the EU as we know it.

    http://www.thesun.co.uk/sol/homepage/features/4257682/48-of-Brits-want-to-get-out-of-Britain-says-new-Sun-survey.html

  3. Sara Gomez says:

    It seems that the situation in the eurozone has improved during the past year and while everyone thought that it was the end of the european union then the 27 members showed the world that they could remain together and stabilized the economy. However, the crisis is not the only problem Britain attempts to leave the European Union because some of the policies in which France and Germany are working right now might not benefit them, yet Britain needs to think about the consequences of leaving the European Union that may outrage the benefits. There is an interesting aspect to consider right now and that is the fact that although the deficit has decreased since 2011 (when the eurozone and European Union’s debt hit a high) 17 members had a deficit higher than the 3% permitted by EU law. It is evident that many of the states had to take measurements outside of the EU law and now laws require to be strengthen and some of them changed to adapt them to the current situation.

    http://www.telegraph.co.uk/finance/debt-crisis-live/9624898/Debt-crisis-as-it-happened-October-22-2012.html

  4. emilylheath says:

    Although Europe is buried in problems today, I have been surprised at the success of negotiations between states. Despite violence, crime, and humiliation, states in the Euro-zone have truly shown their commitment to the survival of the EU. With Germany, a state feeling pretty comfortable with its economic position, as a strong leader, the states have vouched to maintain the EU and the Euro regardless of what sacrifices need to be made. The Spanish Ambassador came to BYU last week and spoke on the crisis in Spain. I was shocked to hear that even in a state where cuts in social spending have crushed civilians (some becoming homeless and other resorting to violence), the Ambassador was not dissuaded in the least. He was frank about their problems, but shared them under the rosy haze of the EU’s future success. He promised relief from the economic crisis and improvement of citizen’s circumstances in the near future. I’ve wondered throughout this crisis how long the states will hold up and how much they’ll be willing to give. After listening to the Ambassador from Spain, I am convinced that the EU will do all they can to keep their organization strong.
    http://kennedy.byu.edu/archive/lecture.php?id=2748

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