Monday, August 20, 2012
If a member of the Euro trades mostly outside the Eurozone ...
1) If a member of the Euro (whichever these members are) trades mostly outside the Eurozone, does it make sense for it to be in it?
2) If a member of the EU and its single market (whichever these are) trades nostly outside the EU, does it make sense for it to be in the EU?
3) Membership of the EU single (or even common EEC) market "means" a state has focus inside the EU mkt (short though of a Fortress EU mentality)
4) The rationale of the single/internet EU market of 500,000,000 is for it to be (oh well) internal/single. And for members to trade mostly inside.
5) Global mega exporter Germany sells 40% in the Eurozone and 60% inside the Single EU Market. Makes sense!
6) If most EU members trade(d) mostly outside the EU, then what's the point a) of the EU Single Market? b) of the EU?
7) But then again quite a few of the 27 joined the EU/EEC primarily for security rather than economic reasons.