Have you ever been in a relationship where your partner persistently denigrates you to no end, blaming you for things that aren't your fault, and generally acts like an intolerable twit? Then they eventually break up with you, but then claim that they can still be 'friends with benefits' with you, as if the constant abuse and emotional negligence had no weight to them, and they never realized that it had weight to you. What would you say to the offer of a 'casual relationship?'
That, in a nutshell, is what happened with the United Kingdom and the European Union in what will be described as one of the worst decisions in the 21st century, sitting somewhere alongside invading Iraq and Keeping Up with the Kardashians.
The 'Brexit,' as it is termed, is the permanent extrication of the United Kingdom from the European Union. There were two sides to the debate: the meager Remain camp, which couldn't articulate anything besides doom and gloom should the UK leave, and the Leave camp, which couldn't articulate anything besides doom and gloom should the UK remain.
Much has been said about this campaign. A lot of what the Leave camp said was outright falsehood sitting somewhere between, well, the reasoning for the invasion of Iraq and the physical appearances of everyone on Keeping Up with the Kardashians. (Little know, or, really, well publicized fact: EU migrants to the UK are a net positive in terms of tax income versus welfare distribution, but the Leave camp didn't mention it.)
And so, in a moment of great fugue in which some people voted Leave because they figured the UK would remain anyway (yes, it happened plenty, as documented by too many articles that aggravate me), the country voted to split from the European Union, 52% to 48%.
Keep in mind that a referendum isn't legally binding. The government will have to enact Article 50 of the Treaty of Lisbon, which details the secession proceedings in far too few words, even though the majority of parliamentarians support remaining. But, moving on.
Leave camp has said that they'd be able to negotiate a deal to remain in the European single market. European ministers have responded by saying that the UK will do no such thing. So, what does this mean?
Higher prices and wage stagnation, along with jobs moving from the UK to mainland Europe, mostly in the finance sector which is a huge economic powerhouse for the country. JPMorgan has already declared 1000 jobs moving to the mainland. It won't be long until others follow suit. The UK was dependent on the single market for the free movement of goods back and forth; now, it will face import tariffs, and not just to Europe, but to other areas of the world where the EU has trade agreements.
For a bit of context, the UK joined the European Community in a referendum in 1975. In the 70s, the UK was the sick man of Europe, suffering from high inflation and wage stagnation. Up until recently, its economy (on paper) was the second strongest in Europe, though given Brexit, that will certainly change.
And then there's the issue of migrants, which was likely the central issue that many took as why they wanted to leave the European Union. Like I stated above, European migrants are a net tax benefit to the UK government. The Leave camp also said that the UK sent 'GBP350 million per week to the EU,' a 'fact' that has been debunked so many times that it ought to be only whispered in sanitariums. In fact, Leave camp leader and brutish turnip Nigel Farage recanted that little bit of factual excrement after the results were in. So why did people vote to leave?
The demographics were split between young and old, educated and less so. Those who grew up as part of the EU wanted it more than those who viewed their youths through glasses so rosy that one might think they're peering through the bloodletting they've inflicted upon the UK.
I concede that the EU needs democratic governmental reforms. I've always said that and I'm a fan of the damn organization, because I know that the good it does, regardless of how little it's reported on, outweighs all the times it's blamed for the maladies of the mundane. And now, the UK will have no chance to actually inspire positive change in the EU, except for demonstrating to other right-wing nationalist movements in other countries how bad an idea it is to leave.
I am, as I once heard while living in the UK, gobsmacked. Speechless. Completely and utterly stunned by not only the negligence on the part of the prime minister in campaigning to remain, but by the people who voted to leave because they felt their 'essential Britishness' was being attacked or degraded. Failed Aflac duck spokesman and Leave campaigner Boris Johnson can now tromp towards the leadership of the country while Turnip Farage gets handed a United Kingdom that may not be united for much longer, given the signals from Scotland and Northern Ireland that they are considering their own referenda to leave.
The Leave campaigners won't get the lofty goals they described to their angry followers. They won't get a 'special arrangement' with the EU. They'll be shown as the petulant children they are, rebelling for the sake of the act. And then, who knows, perhaps those angry followers will turn their anger towards the correct target when that happens.
Showing posts with label eu. Show all posts
Showing posts with label eu. Show all posts
Friday, June 24, 2016
Three Cheers for Xenophobia
Labels:
boris johnson,
brexit,
british referendum,
david cameron,
england,
eu,
europe,
ireland,
nigel farage,
referendum,
scotland,
tories,
tory,
uk,
united kingdom,
vote,
wales
Tuesday, July 8, 2014
Newton's Third Law
It's been a strange month or so. One might think that, given my general proclivity towards written verbiage, that I might have scrawled some half-baked idealism on my blog in the time between my previous post and this one. Not so. Happy belated American Independence Day and all that jazz.
What brought me to put finger to keyboard is the current re-escalation of tensions between Hamas and Israel in the never-ending saga of a dispute that stretches back to a time long before internal plumbing.
Both sides might be equally vile, but, as in every conflict, it's the innocent that suffer the most. The teenagers who were murdered on both sides are tragic, and only reveals the barbarity of those who believe this conflict to have a true purpose aside from settling a feud about land and religion that has existed for far too long in human history.
Right now, it is Israel that has the stranglehold over Palestine, but not too long ago, it was the Palestinians who controlled the land. However much that is unlikely to change is indeterminate, given that Israel has a highly developed military and economy, but one cannot anticipate the rogue variables of tomorrow.
The only actors with enough influence to end this conflict reside in Washington, D.C. and Brussels (and within the capitols of all the EU states). Israel, the main power broker of the area, relies heavily on trade to both, and Gaza depends on aid from the EU.
There are many steps that the US and the EU should take, but these should be the main ones:
That's all for now,
Das Flüg
What brought me to put finger to keyboard is the current re-escalation of tensions between Hamas and Israel in the never-ending saga of a dispute that stretches back to a time long before internal plumbing.
Both sides might be equally vile, but, as in every conflict, it's the innocent that suffer the most. The teenagers who were murdered on both sides are tragic, and only reveals the barbarity of those who believe this conflict to have a true purpose aside from settling a feud about land and religion that has existed for far too long in human history.
Right now, it is Israel that has the stranglehold over Palestine, but not too long ago, it was the Palestinians who controlled the land. However much that is unlikely to change is indeterminate, given that Israel has a highly developed military and economy, but one cannot anticipate the rogue variables of tomorrow.
The only actors with enough influence to end this conflict reside in Washington, D.C. and Brussels (and within the capitols of all the EU states). Israel, the main power broker of the area, relies heavily on trade to both, and Gaza depends on aid from the EU.
There are many steps that the US and the EU should take, but these should be the main ones:
- Cessation of aid and trade to both countries until a general ceasefire can be agreed upon.
- Hold accountable those in both Israel and Gaza who have broken multiple ceasefires and have continually retaliated to the other's actions.
- Draw up a two-state solution based on the previously agreed upon borders with exceptions:
- First, the blockade around the Palestinian territories will be lifted. There will be no imposition of Israeli tax on goods sent to Palestine. There will also be a cessation of Israeli settlement-building, and any illegal settlements will be razed, its residents moved, and the land given back to the PLO.
- Second, the PLO would be given a parole period during which it will have to clean up its governance within Gaza with the help of international observers, excepting Israel. Should a single rocket be fired from Gaza into Israel during the parole period, the treaty would be in abeyance. Israel can request transparency reports on progress.
- Third, should any rocket fire fall into Israel and should Israel retaliate, then both the US and EU would impose economic sanctions on the region. This is obviously indiscriminate and punishes both for one's initial actions, but this clause looks to prevent escalation that so often creates out-of-control circumstances.
- Fourth, all eligible voters in the Palestinian territories should be registered and a new election will be called, to be conducted by independent watchdogs from the UN, the EU, the OSCE, and the AU. As this is the creation of a formal new state, this is perfunctory.
That's all for now,
Das Flüg
Labels:
abbas,
eu,
european union,
israel,
netanyahu,
obama,
palestine,
united states,
us
Sunday, March 9, 2014
Post-hoc
I've been a bit neglectful of my blog of late, and I'm hoping that it is for two not unworthy reasons: the first is that I've been interning with a small nonprofit three days a week, and also I have been searching for a full-time job that can pay me a livable wage; the second is that I've been rewriting the second book I wrote and finished last year, and preliminarily, I find it to be better than the previous version. Will I shop it around to agents? Eventually, though I'm not sure how 'commercial' my work is.
On a more important note, Ukraine. Over the past month, it's exploded into a Cold War-esque geopolitical nightmare for the west. Russian troops (in unmarked uniforms for the plausible deniability) occupy Crimea, which has voted to secede from the Ukraine and become a part of Russia. Vladimir Putin, the all-but-a-sultan of Russia, has stated that the recent ouster of former Ukrainian President Viktor Yanukovych posed a threat to the ethnically Russian people living in Crimea; thus, the intervention, even though Putin has also said that there is no way to tell if those are really Russian troops. (Confusing, I know)
There needs to be a brief bit of background on this whole issue:
The costs for that, however, would be large. The shipping, tariff, and import duties, not to mention the establishment of transit areas through which the gas can be safely delivered to Eastern Europe would likely cost more than the current Gazprom pipeline setup. Thus, the EU hasn't implemented the pernicious sanctions that it could; at least, not yet.
This is Europe's trump card over Russia: cutting off Russia from all gas imports would cause the Russian stock market and economy to take a nosedive due to the estimated loss of profits, and the ruble would drop internationally. 60% of Russia's state income comes from export of gas and oil, and the EU is its largest customer. It is the one pressure point the west has on Putin, and they are hesitant to use it.
One should hope, however, that the EU is willing to take the dramatic step in terms of international presence and make a stand against Russia's incursion into Ukraine. This entire debacle raises ghosts of the 1990s, when the incipient EU found itself impotent in the face of the Balkans crisis; one would think that, in light of those confusing and tumultuous times, the EU would be able to make the difficult, yet right, decision.
Of course, then there are the business interests. One shouldn't be surprised that David Cameron's government is espousing pro-business, anti-EU positions; honestly, would anyone expect anything less? In this situation, however, even Germany, which receives 40% of its gas imports from Russia, has been hesitant in taking a strong stand against Russia.
The EU Council of Ministers, the European Parliament, the European Commission, the EU High Representative, etc. etc. etc.; they were all established in order to create a prominence for Europe in international affairs. One preening windbag (or the preening windbags in his party) shouldn't be enough to stop what is the only reasonable course of action for the EU: impose trade sanctions on Russia, targeting gas imports. With a united voice, the EU can deescalate the situation. After all, the European economy can be recovered, but the people who fought and died against Yanukovych's crackdown in the Maidan cannot.
That's all for now,
On a more important note, Ukraine. Over the past month, it's exploded into a Cold War-esque geopolitical nightmare for the west. Russian troops (in unmarked uniforms for the plausible deniability) occupy Crimea, which has voted to secede from the Ukraine and become a part of Russia. Vladimir Putin, the all-but-a-sultan of Russia, has stated that the recent ouster of former Ukrainian President Viktor Yanukovych posed a threat to the ethnically Russian people living in Crimea; thus, the intervention, even though Putin has also said that there is no way to tell if those are really Russian troops. (Confusing, I know)
There needs to be a brief bit of background on this whole issue:
- the first point of note is that, before the protests in Kiev began, Ukraine was preparing to enter the EU by making the standard array of changes (see Copenhagen Criteria).
- President Yanukovych was renowned among leaders for his corruption, and quickly accepted money from Russia, turning his back on the Copenhagen Criteria and the EU, which was supported by a majority of the Ukrainian population.
- Russia supplies around 1/3 of all gas imported in the EU.
- Half of all Russian gas that enters the EU goes through Ukraine.
- A 1994 agreement between the US and Ukraine recognizes the border of the then-new state of the Ukraine.
- Russia maintains a naval base in Crimea, which would likely no longer be leased to the Russians should Ukraine enter the EU. The base maintains a strategic Cold War position as the place of first strike against the west in case of an all-out war.
The costs for that, however, would be large. The shipping, tariff, and import duties, not to mention the establishment of transit areas through which the gas can be safely delivered to Eastern Europe would likely cost more than the current Gazprom pipeline setup. Thus, the EU hasn't implemented the pernicious sanctions that it could; at least, not yet.
This is Europe's trump card over Russia: cutting off Russia from all gas imports would cause the Russian stock market and economy to take a nosedive due to the estimated loss of profits, and the ruble would drop internationally. 60% of Russia's state income comes from export of gas and oil, and the EU is its largest customer. It is the one pressure point the west has on Putin, and they are hesitant to use it.
One should hope, however, that the EU is willing to take the dramatic step in terms of international presence and make a stand against Russia's incursion into Ukraine. This entire debacle raises ghosts of the 1990s, when the incipient EU found itself impotent in the face of the Balkans crisis; one would think that, in light of those confusing and tumultuous times, the EU would be able to make the difficult, yet right, decision.
Of course, then there are the business interests. One shouldn't be surprised that David Cameron's government is espousing pro-business, anti-EU positions; honestly, would anyone expect anything less? In this situation, however, even Germany, which receives 40% of its gas imports from Russia, has been hesitant in taking a strong stand against Russia.
The EU Council of Ministers, the European Parliament, the European Commission, the EU High Representative, etc. etc. etc.; they were all established in order to create a prominence for Europe in international affairs. One preening windbag (or the preening windbags in his party) shouldn't be enough to stop what is the only reasonable course of action for the EU: impose trade sanctions on Russia, targeting gas imports. With a united voice, the EU can deescalate the situation. After all, the European economy can be recovered, but the people who fought and died against Yanukovych's crackdown in the Maidan cannot.
That's all for now,
Das Flüg
Labels:
crimea,
david cameron,
eu,
european union,
gas,
gazprom,
germany,
kiev,
maidan,
oil,
putin,
russia,
uk,
ukraine,
united states,
yanukovych
Wednesday, April 24, 2013
Hullabaloo for a Speedbump
For the past 4-5 years, much of the western world has been in the throes of a recession. The European Union in particular has come under fire for allowing countries with high debt or risk levels to join the Euro, i.e. Greece, Ireland, Portugal, Italy, and Spain. There has been much speculation (mostly from the Euro-skeptics) that, because of these "toxic" countries, the Euro will break up, the countries will revert to their old currencies, and possibly the EU itself will break up.
Let's assume, for a moment, that a country does decide to leave the Euro and revert back to its old currency. What would happen? Well, because that currency is not collectively backed by the other 16 members, the old currency would face severe inflation because of its speculated buying risk on the international market. The currency itself would fall in terms of exchange rate, and there would probably be austerity within the country, leading to higher unemployment, possibly the rise of nationalist parties, etc. There is little to no incentive to leave the Euro.
For a "smaller" country (always use that term lightly), the Euro and the Eurozone is a treasure trove. Not only is there equal footing for interstate trade within the Eurozone, but there is also a free transit for both people and companies. It also protects the smaller countries from highly unfavorable exchange rates in the international market.
But what about the current crisis, you ask? Won't the other Eurozone members want to boot the countries who are bringing the Euro down?
The answer, in simple terms, is no. The countries rated lower in international credit standards keep the Euro at a stable trading level, unlike the pound, which British Exchequer Osborne refuses to devalue (currently worth $1.53). Should the endangered countries leave the Euro, purchasing on the currency will likely rise, leading to an increase in its price, making exports of goods more difficult.
As for the legal side, crises such as these in a currency's infancy lead to a consolidation of the currency itself, such as in a set of new banking rules unveiled in December of 2012. Obviously, no currency is ever flawless: the dollar had more than its fair share of crises in its infancy, including individual states' desires to return to their own individual currencies.
I can only say it so many times: the European Union will not break up. Even if, on the strange and unlikely contingent that the Eurozone dissolves, the EU will remain. It is too deeply entrenched in the laws and trading regulations of its member states (especially in the original six) to suddenly dissolve, or even dissolve over time.
As one can always expect, recessions do not necessarily cure themselves in five years' time, or ten years' time, or even fifteen years' time. What matters, however, is wondering for whom is this a recession? Those who make from half a million (in whatever currency) to one million or more a year, or everyone below them?
That's all for now,
Das Flüg
Let's assume, for a moment, that a country does decide to leave the Euro and revert back to its old currency. What would happen? Well, because that currency is not collectively backed by the other 16 members, the old currency would face severe inflation because of its speculated buying risk on the international market. The currency itself would fall in terms of exchange rate, and there would probably be austerity within the country, leading to higher unemployment, possibly the rise of nationalist parties, etc. There is little to no incentive to leave the Euro.
For a "smaller" country (always use that term lightly), the Euro and the Eurozone is a treasure trove. Not only is there equal footing for interstate trade within the Eurozone, but there is also a free transit for both people and companies. It also protects the smaller countries from highly unfavorable exchange rates in the international market.
But what about the current crisis, you ask? Won't the other Eurozone members want to boot the countries who are bringing the Euro down?
The answer, in simple terms, is no. The countries rated lower in international credit standards keep the Euro at a stable trading level, unlike the pound, which British Exchequer Osborne refuses to devalue (currently worth $1.53). Should the endangered countries leave the Euro, purchasing on the currency will likely rise, leading to an increase in its price, making exports of goods more difficult.
As for the legal side, crises such as these in a currency's infancy lead to a consolidation of the currency itself, such as in a set of new banking rules unveiled in December of 2012. Obviously, no currency is ever flawless: the dollar had more than its fair share of crises in its infancy, including individual states' desires to return to their own individual currencies.
I can only say it so many times: the European Union will not break up. Even if, on the strange and unlikely contingent that the Eurozone dissolves, the EU will remain. It is too deeply entrenched in the laws and trading regulations of its member states (especially in the original six) to suddenly dissolve, or even dissolve over time.
As one can always expect, recessions do not necessarily cure themselves in five years' time, or ten years' time, or even fifteen years' time. What matters, however, is wondering for whom is this a recession? Those who make from half a million (in whatever currency) to one million or more a year, or everyone below them?
That's all for now,
Das Flüg
Labels:
eu,
euro,
european union,
eurozone,
financial crisis,
recession
Subscribe to:
Posts (Atom)