tag:blogger.com,1999:blog-2761684730989137546.post356125764249828365..comments2024-03-29T07:30:30.121-04:00Comments on Mike Norman Economics: Martin Kirk — Greece: It’s All Going With the Flowmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-27532805525349659162015-07-29T00:44:58.778-04:002015-07-29T00:44:58.778-04:00"That's about the tenth article I've ..."That's about the tenth article I've read which fails to distinguish correctly between the effects of the EZ and the EU. "<br /><br />That's because there is no practical difference Ralph.<br /><br />All the countries of the EU suffer the ridiculous economic restrictions imposed by the EU treaty - freedom of movement of capital , goods and importantly labour and the restrictions on the central bank providing overdrafts to the Treasury. Which then allows lots of people to do politics with the 'unsustainability' of interest rates, while making fiscal counterstabilistion policies mighty difficult to implement. <br /><br />And that's before we get to TTIP which will further restrict a state government's ability to run its own affairs for the benefit of its own people. <br /><br />It would require a country to formally derogate from the entire economic tracts within the EU treaty to free them from the straitjacket. <br /><br />The grandfathered freedoms within the EU afforded to the older members such as the UK are not available to the newer members. The newer members are required to expend a lot of economic effort 'converging' with silly criteria. <br /><br />The EU Is a total failure and should be scrapped.<br />NeilWhttps://www.blogger.com/profile/11565959939525324309noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-80115291722665343522015-07-28T11:36:26.060-04:002015-07-28T11:36:26.060-04:00That's about the tenth article I've read w...That's about the tenth article I've read which fails to distinguish correctly between the effects of the EZ and the EU. The detailed supervision of Greece stems ENTIRELY from the common currency, the Euro, i.e. the EZ. If (e.g. like the UK or Sweden) it had it's own currency and was able to devalue (while still being in the EU) there'd be absolutely no need for the supervision.Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.com