The European Union was handed two more set backs today. The first being the defeat by the Dutch to the EU Constitution, this being the second such defeat in the last few days. The second set back that came out to day relates to this defeat in Netherlands, that being at a meeting of the European Monetary Union (EMU) the possible break-up of EMU was discussed. Which has further lowered the value of the Euro on the world market.
Personally I think that the Political elite of Europe have brought this on themselves by dictating to their countryman and not giving them any real say in the process other then rubber stamping their collective agreements. While I have felt that the idea if the European Union was a good one, their process has left much to be desired.
Related:
Dutch Voters Reject EU Constitution
Euro sinks further after ‘break up’ talk
History of the European Constitution
European Constitution
Wednesday, June 01, 2005
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