The leaked paper on shared EU military assets is deeply concerningby David Owen / May 11, 2016 / Leave a comment
In April, I spoke in Paris on a European Movement platform along with the former Prime Minister of France, Michel Rocard, an old friend and a convinced European federalist, just as I am a convinced anti-federalist for the UK. We both agreed that it is now time for the UK to leave the EU.
The first reason on my part is the introduction of the euro in the first place, along with the total failure to resolve the eurozone crisis that has made the EU seriously dysfunctional. The 19-member eurozone (each state belonging to the 28-member EU) needs as soon as possible to become a fiscal transfer Union. This will change the direction of travel of the EU inexorably towards a United States of Europe; to all intents and purposes, a country. The UK remaining in the EU will become entwined either in this EU “country” capable of sustaining the euro; or within an EU that is plainly not working—nor adequately shielding us from its economic difficulties, though we are not part of the Eurozone.
Outside the EU we will still be traders in Europe but also neighbours, something importantly addressed in Article 8 of the Treaty on European Union, as distinct from Article 50 designed for leaving. Far from any vindictive reprisals Article 8 states “The Union shall develop a special relationship with neighbouring countries, aiming to establish an area of prosperity and good neighbourliness, founded on the values of the Union and characterised by close and peaceful relations based on cooperation.” The more years the UK can have outside the EU before a eurozone collapse, finding new markets under our own laws, the less we will be damaged. Mervyn King argues in his new book The End of Alchemy, that the Eurozone is heading for collapse without fiscal transfers and as the former Governor of the Bank of England he is better placed than most to make that judgement.