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It has been announced that the central bank of Australia has cut base rates in the country by one full percentage point overnight to try and avert a banking crisis in Australia. While this move...
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Sunday 22nd June 2008
As the fallout from the recent Irish rejection of the EU treaty continues to build many people are actually wondering what the EU treaty is all about and whether it will actually make a difference to their lives. If the Irish no vote has done one thing, it has actually made people sit up and ask what the treaty actually does for them and more importantly who will pay for it.
In essence the treaty brings the EU members together under one single banner, the EU, allowing a vast array of new EU offices to be created. There is even talk the EU will in due course have its own fulltime army, something which is being resisted by many countries such as the UK, but seems inevitable if the treaty is finally ratified. The problem for many is the fact that the new look EU will be funded by tax payers around Europe, with countries such as the UK expected to inject more than most.
We will see massive amounts of duplication with existing UK offices, laws and regulations and there is concern that an unelected EU parliament will ultimately control much of what happens in the UK. The EU also has a very bad reputation for wasting tax payer’s money, something which is starting to be appreciated by the voting public. |
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