posted on Jun, 15 2003 @ 11:25 AM
As a Brit, I'm not too worried about the ECB. Sure it has some power but it doesn't wield the force that our major financial institutions in London
do, and I believe it never will.
Somebody stated earlier that our fishing industry here was wrecked by Europe. I agree. But it wasn't all just one way traffic. In return for handing
over our fishing and farming, we received the financial industries that power Europe. The City of London is now one of the biggest financial centres
in the world. It dwarfs it's European parteners by comparison.
Deals have been struck between countries and the EU to give each a specific industry which they will dominate.
Interest rates are only a big deal in the UK because of our housing market. We have one of the highest proportions of homeowners in the world. Once
the housing market has stabilised I would expect another hurdle for the UK's European integration to have been crossed.
The UK didn't vote on Maastrict like the other EU nations because we didn't have to. Thatcher handbagged her way to so many opt outs that Maastrict
is almost irrelevant to the UK at this period in time.
I don't see the media as being any more of a problem to EU integration than it already is at the moment. If individual governments do lose some
power, I don't feel that there will be a knock on effect in the media. If anything, they might be for it. Especially if taxes are lowered, VAT is
abolished and laws are changed. Media moguls are out there for themseves. If they see integration as being attractive to their pockets, then they will
push for it. It's worth remembering that most big News Corporations bend the financial rules anyway. Most of their owners aren't even European and
some of the companies aren't even registered on the continent. You also have the fact that some news corporations own media in several different
countries throughout the continent - a level playing field could make things easier for them.
All in all, a United Europe could be a very good thing. For centuries you have had some of the most advanced nations in the world fighting and
competing against each other. Imagine what they could do if they pooled their resources. Then team Europe up with the USA and you have an economic and
technological society that will dominate the planet and be able to imprint itself on societies further afield. If this is done properly the end result
would be beyond mankind's wildest dreams.
Imagine a Western World which has no enemies - which might even have integrated other continents such as Asia. The money we waste competing with each
other could be put to far better uses.
If man is ever going to reach for the stars he needs to do it as one race.
If the EU has it's way, the nation state will be a thing of the past. This doesn't necessarily mean that people have to lose thier identity or
culture. If they can pull it off they will almost have created a socialist dream. Everyone united and working to the same goal.
The hope is that the people in charge have the strength, the integrity, the humility and the wisdom to create a continent where the population lives
in productive harmony.