The dysfunction of the Eurozone, the “annihilation” of sovereignty in the EU countries under severe crisis, has made the EU a Union that seems less and less attractive. The failure of the EU policies along with the arrogance and unforgiving way with which they have been implemented has only made things worse. Consequently, politicians in the UK have manipulated this to more than an extent, blaming the EU for any wrongdoing. The oxymoron? While the British did not suffer directly from the democratic deficit so evident in the European Financial Crisis, it played directly into their perceptions of the EU itself.

1. Copyright © 2017 Pytheas Limited 25 October 2017
On Brexit (and the EU)
by Harris A. Samaras
25 October 2017
Extracts from The European Union - Is the economic euphoria justified?
The dysfunction of the Eurozone, the “annihilation” of sovereignty in the EU countries under
severe crisis, has made the EU a Union that seems less and less attractive. The failure of the
EU policies along with the arrogance and
unforgiving way with which they have been
implemented has only made things worse.
Consequently, politicians in the UK have
manipulated this to more than an extent, blaming
the EU for any wrongdoing. The oxymoron? While
the British did not suffer directly from the
democratic deficit so evident in the European
Financial Crisis, it played directly into their
perceptions of the EU itself.
Misled but also deceived by opportunists, political
party (narrow-minded) power-games, bigotry, and
populism, the vulnerable UK citizen – however polarized or disillusioned (like the rest of the
European public is) – felt that she/he has had enough – consequences of increased economic
insecurity, stagnant wages, reduced job protection, and the constant threat of government cuts
to the social safety net upon which so many depend as a last resort made them feel even more
vulnerable. Spice this with a bit of nationalism and here we are...
The recent financial crisis is the defining collective economic and social event of most of our
lifetimes, a major challenge of our time, and a major challenge and test for the European Union
as a whole; an event that forced both its strengths and flaws to surface. Let’s not let this last
financial crisis go to waste! Brexit should be revered for the sake of all Europeans. We should
ask ourselves: Is this really the best we can do?
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