Wednesday, December 17, 2008

EU Plan to cost Britain 25 Billion Pounds - Bruges Group Study

The new report on the Credit Crunch problems for the EU issued by the Bruges Group and written by Damon Lambert titled "The EU's Credibility Crunch" may be read online from this link. The final paragraph sums up its forty odd pages pretty well as follows: Contrary to the EU’s claims, the economic crisis does not show the ever greater need for the EU. Instead, the EU is shown either to be at best an expensive irrelevance to economic recovery and at worst, responsible for many of the factors that both cause the downturn and impede the recovery. Its time the role and responsibilities of this undemocractic body were re-examined and redrawn.

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