| Topic: | By 2025 | |
| Posted by: | Fraser Pearce | |
| Date/Time: | 13/04/16 13:11:00 |
| “Adrian, unless you're pretty handy with a crystal ball, nobody knows what lies ahead.” The EU’s actually been pretty clear on its plans for the next decade, Andy… It did, after all, publish its vision for the next ten years only 9 months ago. Called the “Five Presidents’ Report”, it lays out the EU’s ten year plan for “Completing Europe’s Economic and Monetary Union” - by 2025, “at the latest”. The intended changes are: 1. “Economic Union”. 2. “Financial Union”. 3. “Fiscal Union”. 4. “And finally, towards a Political Union”. Strictly speaking, the above applies to the 19 Eurozone countries, not the UK. Even so, the process for the next EU treaty to get things moving is likely to start by June this year or "at the latest by the end of 2017" (most likely to be conveniently parked until after the UK referendum). So, within the next 9 years, the EU plans to complete perhaps the greatest and most rapid transfer of power to Brussels in EU history. --- By staying out of the Euro, the UK would likely be isolated from the EU’s new inner sanctum within the next 9 years. By staying in the EU, the UK would also likely be locked out of direct influence on the global system of trade rules that increasingly govern the EU’s Single Market. It’s potentially the worst of both worlds - locked into an EU system with little influence on the new inner sanctum, locked out of the global trade system with little direct influence too. --- So, some questions to perhaps consider might be: If remaining in the EU, should the UK should join the Euro? Should the UK should engage in Economic, Financial and Fiscal Union as prologue to full Political Union? …And should the UK do this all within 9 years, “at the latest”? |