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June 23, 2007

No, Didn't See That One Coming

So there we were, all worried that the EU meeting would lead to the imposition of yet more stifling eurocracy upon us and Lo! they pull a rabbit out of the hat.

The Daily Telegraph has learned that the Chancellor went "ballistic" when he discovered that Mr Blair and other European leaders were ready to bow to French demands by watering down the EU's 50-year-old commitment to "undistorted competition".

Instead of anything that we were worried about they decide to rip up the basic economic principle of free markets. Wondrous. Welcome to decades of relative underperformance, of the corruption (even more) of the body politic as the special interest groups pay off the politicians to protect their "distortion" and in general, the Italianisation of the entire European economy.

Thanks guys, thanks a lot.

Can we leave yet?

June 23, 2007 in European Union | Permalink

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Comments

"Can we leave yet?"

Once the single undistorted free market raison d'être is gone, there's not a lot of reason to hang around, is there?

Posted by: Kay Tie | Jun 23, 2007 10:29:40 AM

Another case of l'exception francaise . . No mater which party is in government in France, all have this profound, unchanging commitment to the vision of the dirigiste state intervening in markets to promote national champion companies. Unsurprisingly, those same historic sentiments since the time of Louis XIV in France have spread over the border into Belgium like a contagion:

“In 1996, Phillippe Maystadt, then the Belgian Finance Minister and now president of the European Investment Bank, said that: ‘The purpose of the single currency is to prevent the encroachment of Anglo-Saxon values in Europe.’”
http://www.brugesgroup.com/news.live?article=18&keyword=14

Posted by: Bob B | Jun 23, 2007 10:38:29 AM

The EU is Vichy France by other means. C'est tout.

Posted by: dearieme | Jun 23, 2007 11:05:03 AM

"The EU is Vichy France by other means."

I've noticed that in another manifestation Vichy principles have tended to gain ascendancy this side of the Channel too in recent years.

The Vichy government substituted "Patrie, Familie et Travail" for the old revolutionary rallying cry in France: "Liberté, Égalité, Fraternité" - which certainly isn't fashionable in Britain nowadays.

Posted by: Bob B | Jun 23, 2007 11:20:51 AM

One of the statements that Peter Hitchens made on Question Time last Thursday night is the pure undiluted truth: he pointed to the 3 representatives of the major political parties on the panel (Boris, McNulty and Baroness Williams) and said that whatever happens in Frankfurt 1. the UK will lose yet another part of its power to govern itself and 2. none of the parties represented on the panel will do a thing about it.

Posted by: Umbongo | Jun 23, 2007 11:52:46 AM

It is good to see the EU abandoning one of its main principles. It smacks of desperation.

The new voting system is a real plus. How long before a country feels it has to threaten to leave the EU to get its way? That'll be fun.

Posted by: Pete | Jun 23, 2007 11:57:06 AM