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By David Nuttall M.P.
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The EU at 60 

Saturday, March 25, 2017 1:42
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(Before It's News)

Today marks the sixtieth anniversary of the signing of the Treaty of Rome the founding document which brought what is now the European Union into being. In 1957 only 6 countries were party to the agreement. There are now 28 members including the UK. Soon of course to fall to 27 and understandably I believe the leaders of the EU were anxious not to receive our notice to quit on the day their celebrate their  60th anniversary. Keen no doubt to maintain friendly relations with our European neighbours  we were happy to agree and we know the Article 50 notice will now be served next Wednesday.

I can appreciate the EU leaders being upset at the departure of the UK not least because we pay a sizeable chunk of the bills every year. If they are sensible they will ask themselves why it is we are leaving and why it is there are so many around the EU who are concerned about the direction of the EU. It seems to me the fundamental problem they need to address are the inherent strains within the Eurozone. The single currency with a single interest rate is too low for Germany and too high for countries like Greece.  I am not sure the richer countries are prepared to transfer the funds that would be necessary to help the poorer ones. In essence that is what is required for a single currency to work in the long term. The EU keep putting a sticking plaster over the problems of the Eurozone but unless a long term solution is reached I suspect other countries will in due course follow our route.  


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