It is time to stop the navel-gazing by EU
While the Coalition government continues to maintain that its policies are sustaining the economy, but the Gross Domestic Product that is GDP is tumbling down, this is the time to examine this inherent contradiction between claims as well as performance. Actually, the reality is that trading within the European Union that is EU is like trading with a bankrupt company.
Everyone is told that despite the obvious disarray of the economy of the EU, that trade with the EU is an important thing and has to go on. If it said that it is vital then the answer to is no but if it is said that doing trade is a desirable thing then the answer is a yes. It is also said that almost 50 per cent of the exports of the UK go to the single market as well as 4 0 per cent of it to the eurozone. The real question is that, or should be, is this working to the advantage of the country or not?
The European Commission makes a claim that the single market is the “crown jewel” of the European Union but the dismal trade within the EU is the main reason for the economic problems as well as the lack of growth in the economy of the country which it is facing in the present times. Banking and also fiscal union in the eurozone will be make all this even worse and, judging from the failures of the interminable economic summits that are held every now and then, will only be making the black hole of the EU, even blacker and deeper as the Euro elite calls for ever more integration as it is an important thing. It is not only a eurozone, but a European crisis. It is almost like sitting in a double-decker bus with neither gears nor brakes as it hurtles over a cliff which is hurting very much. Apply with loans for people with bad credit @ loansforpeoplewithbadcredithistory.org .uk cash via payday lenders and direct deposit your bank account.
So how did the UK balance of the last week of the figures of the trade threw light on the economic performance with the other 26 member states of the region? If the truth is said then the results were disastrous. Between the years of 1977 and 2011, the balance of the trade in the goods as well as services in the UK was in surplus up to the year 1985, just before the Single European Act had gone through in the year of 1986. Since then, except for the four years, the balance of trade has been in deficit only.
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