Re:Brexit Deal Fails in Parliament
by petre on Wednesday January 16, 2019 @12:45AM
(#18918531)
> Both the current Greek and the current Italian government made promises of leaving the EU
It's quite late for that, since unlike the Brits they also joined the EMU and thus ceded sovereignity to the EU. This is exactly what Margaret Tatcher warned against: a federal Europe by the back door. Also, organizing a referendum on the topic of exiting from the Eurozone is a violation of EU treaties.
Other EU exits could be less disastrous if coordinated. For instance if Greece and Italy would leave at the same time and negotiate together. For this they would first need to form an aliance like the Visegrad group. Regardless, everyone would have to suffer in such an event due to lack of credibility in the EU project, lack of confidence in national currencies and the Euro.
It's quite late for that, since unlike the Brits they also joined the EMU and thus ceded sovereignity to the EU. This is exactly what Margaret Tatcher warned against: a federal Europe by the back door. Also, organizing a referendum on the topic of exiting from the Eurozone is a violation of EU treaties.
https://en.m.wikipedia.org/wiki/Greek_withdrawal_from_the_eu...
Other EU exits could be less disastrous if coordinated. For instance if Greece and Italy would leave at the same time and negotiate together. For this they would first need to form an aliance like the Visegrad group. Regardless, everyone would have to suffer in such an event due to lack of credibility in the EU project, lack of confidence in national currencies and the Euro.