Thread: need help...
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Old 25-11-2004, 12:20 AM   #19 (permalink)
Tom Wilde
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Hello. I don't know if this helps, but there is an economist called Dr John Whittaker who was elected as a UKIP MEP in June. There is a brief interview with him here:

http://www.ukipnw.org/

It is not very in-depth, I'm afraid, but maybe this part is relevant:

Quote:
As an economist you have written about the dangers of the Euro. What are they?
National governments in eurozone countries can't set their own interest rates and there are restrictions on government budgets. So the government of a country whose economy is not working well - e.g. Germany - has no means of fixing it. Single currencies work alright in single countries, like the US where a state that's in economic difficulty will automatically receive support through the federal budget from states that are faring better. But the US federal budget is 20% of GDP - the equivalent funds available in the EU are less than 1% of GDP.
Eventually the euro will fall apart - with severe economic hardship - as the government of some country finds that it cannot pay its bills and sees fit to re-issue its national currency.

How do you counter the arguments that Britain's economy cannot afford to be left out of the EU?
These arguments usually claim we would lose trade with the EU and hence threaten UK jobs. But there is no way they would want to reduce their trade with us - we buy more from them than we sell them and it would not be in their interests. They still want to sell us wine and cars. Most nations of the world trade with the EU without being members. We should also be able to trade with the rest of the world unhindered by the EU's external tariffs.
The claim is also made that we would lose investment. Our opinion is that, free from EU rules and red-tape, we would attract more investment, not less. Britain is the 4th largest world economy with huge trade and investment links worldwide; it's ridiculous to claim we have to be in the EU.
John Whittaker's own website is here:
http://www.johnwhittakermep.co.uk/

but there isn't much detailed information there yet, just one speech about the Euro.
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