Joseph Stiglitz Claims Britain Can Thrive Post BreXit Out Of The EU
Greg Lance – Watkins
Britain can leave EU and still thrive, says Stiglitz
Britain is easily capable of thriving outside the European Union, one of the world’s leading economists has insisted in an interview with The Daily Telegraph.
“There’s no reason why not”, says Joseph Stiglitz, a Nobel prize winning economist and something of an economic guru to the political left. “But it depends on how Europe responds, and how the negotiations go.
“There are two scenarios. If Europe adopts the Juncker approach, which is to say we’ll cut off our nose to spite our face and punish Britain for leaving, then that’s not so good.
“But it really wouldn’t be in Europe’s interests to do this. The US is actively engaged in Europe, in manufacturing, services and finance, and our trading relationship with Canada, where we have a free trade agreement, but no single market and no free movement, works well, actually really well, for Canada.
“So you should be no worse off than Canada is with the United States. I find it quite hard to believe that you [Britain] would be treated worse by Europe than the US or Canada, or Canada is by the US. This would be hard to justify”.
Jean-Claude Juncker, president of the European Commission, has signaled a hard line approach to Brexit negotiations, insisting that “there will be no access to the internal market for those who do not accept the rules – without exception or nuance – that make up the very nature of the internal market system.”
However, Angela Merkel, the Germany Chancellor, and a number of other European leaders have indicated a more conciliatory approach, conscious that their own countries have much to lose from a breakdown in trading relations with Britain.
Stiglitz, a one time adviser to the Scottish government on independence and briefly a member of Jeremy Corbyn’s now disbanded economic advisory panel, has been in the UK to promote his new book, The Euro, and its Threat to the Future of Europe.
In it he argues that the root cause of Europe’s political and social ills lies in the creation of the euro, which rather than driving convergence among nations as intended has resulted in politically and economically destabilising divergence.
“The Brexit referendum was a shock”, he concludes.
“My hope is that the shock will set off waves on both sides of the Channel that will lead to a new, reformed European Union.”
Europeans were finally waking up to the idea that there is not going to be a euro without a crisis on the doorstep”, he told the Telegraph, “and that’s a gloomy prospect” likely to drive “a political backlash against the establishment standing behind the euro.”
However, the euro is not the only thing that has gone wrong in the European Union, Stiglitz argues.
“There were other mistakes. It is fairly clear that the EU has imposed more regulatory harmonisation than is necessary, and that this excessive enthusiasm for regulatory harmonisation is one of the things that has gotten the EU into trouble with the British”.
“The US and Canada have a joint sphere of prosperity with extensive trade across the border without such tight common regulations at every turn”, he points out
To view the original article CLICK HERE
tel: 44 (0)1594 – 528 337
Calls from ‘Number Withheld’ phones Are Blocked
All unanswered messages are recorded.
Leave your name & a UK land line number & I will return your call.
‘e’Mail Address: Greg_L-W@BTconnect.com
Accuracy & Copyright Statement: CLICK HERE
With an avg. 1.2M voters per MEP & Britain having only 8%, if united, say. The EUropean Parliament has no ability to make policy and has a Commission of unelected bureaucrats, thus clearly the EU is not even a pretence of being a democracy; yet The EU & many of its vassal States are willing to slaughter people in Sovereign States to impose The EU’s chosen brand of democracy on them!
The imposition of a Government and policies upon its vassal regions such as the peoples of Greece shows just how far from being a democracy the EU is.
There will be little or no change in Britain’s economic position, when we leave the EU, using a better negotiated & updated version of the ‘Norway Model’ as a stepping stone to becoming a full member of the Eropean Economic Area, where all will benefit, as we secure trade relations with the EU’s vassal regions, with an EFTA style status and can trade and negotiate independently on the global stage, as members of The Commonwealth and the Anglosphere.One huge benefit will be that we can negotiate with bodies like the WTO, UN, WHO, IMF, CODEX and the like, directly in our own interest and that of our partners around the world in both the Commonwealth and the Anglosphere at large; rather than having negotiations and term imposed by unelected EU bureacrats and their ionterpretation of the rules handed down as if they were some great achievement by the EU.The greatest change and benefit will be political, as we improve our democracy and self determination, with the ability to deselect and elect our own Government, with an improved Westminster structure, see >Harrogate Agenda<.How we go about the process of disentangling our future wellbeing from the EU is laid out in extensive, well researched and immensely tedious detail see >FleXcit< or for a brief video summary CLICK HERE
Details & Links: http://GregLanceWatkins.com
UKIP Its ASSOCIATES & DETAILS: CLICK HERE
Views I respect & almost Totally Share: CLICK HERE
General ‘Stuff’: http://GL-W.com
Documents, Essays & Treaties: https://GLWdocuments.wordpress.com/
The Hamlet of Stroat: http://Stroat-Gloucestershire.com
The Study of a Wind Turbine Application: CLICK HERE
Health Blog.: http://GregLW.com
Chepstow Chat: http://ChepstowChat.wordpress.com/
Christopher Storey: http://ChristopherStory.wordpress.com/
Des Watkins DFC: http://DesWatkins.wordpress.com/
Hollie Greig etc.: http://HollieGreigetc.wordpress.com/
The McCann Case: http://TheMcCannCase.wordpress.com/
The Speculative Society of Edinburgh: http://SSOE.wordpress.com/
Stolen Kids, Dunblane: http://StolenKids-Dunblane.blogspot.com/
Stolen Kids, Bloggers: http://stolenkids-bloggers.blogspot.co.uk/
Stolen Kids Blogs with links:
Stolen Oyster with links:
Stolen Trust with links:
Stolen Childhood with links:
- I NEVER post anonymously on the internet
- ALL MY BLOGS & WEB SITES are clearly sourced to me
- I do NOT use an obfuscated eMail address to hide behind
- I do NOT use or bother reading FaceBook
- I DO have a Voice Mail Message System
- I ONLY GUARANTEE to answer identifiable eMails
- I ONLY GUARANTEE to phone back identifiable UK Land Line Messages
- I do NOT accept phone calls from witheld numbers
- I Regret due to BT in this area I have a rubbish Broadband connection
- I AM opposed to British membership of The EU
- I AM opposed to Welsh, Scottish or English Independence within an interdependent UK
- I am NOT a WARMIST
- I do NOT believe the IPCC Climate Propaganda re Anthropogenic Global Warming
- I AM strongly opposed to the subsidy or use of failed technologies eg. WIND TURBINES
- I AM IN FAVOUR of rapid research & development of NEW NUCLEAR technologies
- I see no evidence to trust POLITICIANS at any level or of any persuasion
- I do NOT believe in GODS singular or plural, Bronze Age or Modern
- I value the NHS as a HEALTH SERVICE NOT a Lifestyle support
- I believe in a DEATH PENALTY for serial or GBH rape.
- I believe in a DEATH PENALTY for serial, terrorist, mass or for pleasure murder.
- I believe in a DEATH PENALTY for serial gross child abuse including sexual.
- I do NOT trust or believe in armed police
- I believe in EUTHENASIA under clearly defined & legal terms
Re-TWEET my Twitterings