Sunday 4 December 2011

Why the EU is an economic mess

In quoting from this video, I would hate readers to get the impression that Daniel Hannan is, one again, 'flavour of the month'; however it seems that the nearest thing to an official cost/benefit analysis of EU membership has been conducted.

In the last Commission Verheugen carried out a survey of the cost of European regulations which found that the net impact was 600billion euros per annum. The Commission's own figures of the benefits of the single market are 120billion euros per annum. As they say: Go do the maths!

As an afterthought, I wonder if the benefits included the fiddling of trade figures?

Just asking..............................

3 comments:

john in cheshire said...

Mr Hannan is too polite towards the monsters in the EU. I learned many years ago, that English politeness is seen by most foreigners as weakness. The way to get these people to bend to your will is to shout, swear and threaten. They love that because culturally that's how they have been trained to be treated.

Richard said...

We actually carried this six years ago as a repeat ... having first reported it on 30 November 2004.

Nice to see Hannan on the ball - as always.

http://eureferendum.blogspot.com/2006/10/can-we-leave-yet.html

http://eureferendum.blogspot.com/2004/11/true-cost-of-european-unio_110182535585282058.html

The 2004 report is here:

http://trade.ec.europa.eu/doclib/docs/2005/march/tradoc_122064.pdf

WitteringsfromWitney said...

jic: Other than his 'Brown speech' I am a tad disappointed with Dan H. He needs to adopt a more plain speaking approach a la Farage.

R: Thanks for the links. I should have followed this through and that was my error. The words 'last commission' was the clue and I missed it, so thanks for teaching me something.......