After the Greek Crisis it must be evident to everyone that the Eurozone is far more robust than we in the UK had imagined. The members of the Eurozone are fully committed to its success and are about to complete Stage 1 of Unification!
The success of Eurozone Political Union by 2025 will mean that the Eurozone will behave as a single political entity - by 2025 the EU will consist of 3 members: the UK, Denmark and the Eurozone. Without Treaty change the Eurozone will control the EU (there are, since 2014, no vetoes on ordinary matters of government). Either the UK and Denmark will accept being governed by the Eurozone or Treaty change will be needed. If Treaty change occurs then there will be another EU referendum within 9 years.
The Eurozone is fully on course to complete Stage 1 of EMU union by 2017. Stage 1 means that the Council of the Eurogroup approves draft Budgets from the member states, that the banks in the Eurozone are part of a banking union and a host of other financial union measures.
What is not generally understood in the UK is that the Eurozone embarks on Stage 2 in 2017. Stage 2 is scheduled to be completed by 2025 and entails full political union. The Eurozone will become a single, united country with member states as regions.
The Eurogroup currently acts as a single body on financial matters, meeting before finance meetings of the European Council to agree joint policy. After full union the Eurozone will speak with a single voice in the EU Council on all issues. The dominance of the Eurozone is already a problem, speaking with a single voice on economic concerns, after full political union the Eurozone will be fully dominant.
If you do not want full political union with the Eurozone then decide on Brexit now. Don't vote Remain then in 9 years time vote Leave.
See:
On steps towards Completing Economic and Monetary Union.
4/5/15
The success of Eurozone Political Union by 2025 will mean that the Eurozone will behave as a single political entity - by 2025 the EU will consist of 3 members: the UK, Denmark and the Eurozone. Without Treaty change the Eurozone will control the EU (there are, since 2014, no vetoes on ordinary matters of government). Either the UK and Denmark will accept being governed by the Eurozone or Treaty change will be needed. If Treaty change occurs then there will be another EU referendum within 9 years.
The Eurozone is fully on course to complete Stage 1 of EMU union by 2017. Stage 1 means that the Council of the Eurogroup approves draft Budgets from the member states, that the banks in the Eurozone are part of a banking union and a host of other financial union measures.
What is not generally understood in the UK is that the Eurozone embarks on Stage 2 in 2017. Stage 2 is scheduled to be completed by 2025 and entails full political union. The Eurozone will become a single, united country with member states as regions.
The Eurogroup currently acts as a single body on financial matters, meeting before finance meetings of the European Council to agree joint policy. After full union the Eurozone will speak with a single voice in the EU Council on all issues. The dominance of the Eurozone is already a problem, speaking with a single voice on economic concerns, after full political union the Eurozone will be fully dominant.
If you do not want full political union with the Eurozone then decide on Brexit now. Don't vote Remain then in 9 years time vote Leave.
See:
On steps towards Completing Economic and Monetary Union.
4/5/15
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