Showing posts from June, 2016

Thoughts on the Referendum

These are tough times to be a supporter of the European Union. For decades the EU and its predecessors were rightly held up as a guardian of peace and prosperity of Europe. Then came the global financial crisis, and the Euro currency, the totemic symbol of European integration, became a "machine from hell" (in the words of one German official), ripping apart the fabric of Europe that the EU had previously done so much to stitch together.

The Eurozone crisis remains unresolved to this day, stuck between the very reasonable desire of creditor countries not to risk their own finances in bailing out the debtor countries, and the very reasonable desire of debtor countries not to have their people ground into the dust by the lunatic austerity regimes imposed by the creditors. Why then should we stay in an institution that has pursued such a reckless experiment?

For starters, obviously, we are not in the Eurozone and its tribulations will affect us no more or less if we vote to le…