Sunday 17 December 2017

Euro home truths

The EU project has fiasco and white elephant written all over it. Crisis after crisis, the struggle to keep the pan-Europe movement viable for all member states does not look certain. Claims of equal participation within the EU for all member states are a nonsense, with Germany and France firmly holding the sceptre of power and having tight control over the EU purse.

Taoiseach Enda Kenny has recently rushed to Downing Street in a bid to lobby one of the 'big four' in the EU to influence policy and perhaps to ask the British to put in a word or two for a small country like Ireland that has very little say over big EU policy decisions. Things are moving very quickly within the EU and at a faster pace than we would like.

Undoubtedly, enhanced co-operation will be relied upon if agreement cannot be found from all member states, which may not be to Ireland's liking one little bit. In many ways, Ireland's fortune could have been served just as well with exclusive membership of the EFTA without ceding anything on issues to do with monetary union that have us locked into the fortunes of the single currency and interest rates set by Europe.

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