It will take at least five years of pain to reverse the effects of New Labour's spend-spend mentality to bring Britain back onto a sound financial basis. At present Britain is bankrupt and will remain so unless the "Austerity Plan" is firmly carried out.
There is of course another huge problem which awaits the Conservative and Liberal Coalition. This is the absolute non-control by the EU of EU policies.
Ten years ago the EURO was introduced as a currency. Now, already, there are at least three or four countries in dire straits facing "Bankruptcy" . Why ? Is it not due to a non-control mentality ? Have the highly paid EU Eurocrats been asleep and not really controled the activities of member countries ? The answer is evident !!!
When a trading company loses money, for whatever reason, and it cannot find finance, creditors close in and the company is ultimately dissolved. Creditors are the losers !!! Is a EU member country different ? Should any EU member country and its taxpayers help to save, for example, Greece ?
It is certainly not the highly paid, sleeping Eurocrats who will accept to pay up !!!
The EU started with six original member countries. Over the years the EU has grown and there are now 27, and there are more potential candidates on the horizon, knocking on the door !!!
The original ideas and principles were defined fifty years ago. Treaties were drafted to which new member countries were obliged to adhere. Years later these culminated in the so called "Treaty of Lisbon". This was a massive political fraud !!! It was adopted by European Parliaments without being required to call for a vote by the electorate of their country. The ultimate taxpayers did not have a word to say !!!
Eurocrats, elected or not, are paid graciously and guide all policies or decisions ultimately voted by the EU parliament members. No EU member country has anything ressembling a majority influence in the EU parliament.
However, member countries are obliged to accept and introduce EU directives in their countries' laws. The costs are often not reimbursed !!!
David Cameron, Nick Clegg and the House of Lords cannot refuse to apply EU laws. Judges in the UK are no longer independent of the EU. British judicial decisions can be appealed and overturned to take into account principles which contradict what a British citizen or politician would accept as justice !!!
This Blog is not the place to enter into greater detail about the growing shortcomings of the EU. However, there are serious economies possible if Britain were to insist on a complete revision of the conditions which govern membership of the EU !!!
The moment is ripe ! Many countries are aware of the EU shortcomings. All countries are not ready for all the EU directives; they cannot afford them. Many of these countries are too small to be able to voice their disapproval !!!
There is social unrest in several countries, in others unrest is brewing !!! France is a perfect example !!! Eurocrats do not face the brunt, local elected politicians do.
It is to be hoped that David Cameron and Nick Clegg look closely at the EU problems for their next raft of economies !!!
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