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Willisms

« Girl Power! | WILLisms.com | Trivia Tidbit Of The Day: Part 61 -- Most Prestigious Jobs. »

More On The E.U. Referenda.

A great read on the upcoming EU referenda, from The Scotsman:

Between 1985 and 1994, annual US economic growth was 0.7% higher than in the Eurozone; between 1995 and 2004 the gap widened to 1.2%. In that latter period, growth of output per worker in America rose to 2.1% per annum; in the Eurozone, it slumped from 1.9% to 1%. In 1960, when the European Economic Community (EEC) was just three years old, US employment stood at 36% of the population; today it has risen to slightly under 48%. In Europe, the figure has stagnated at 43%, but even that is a false prospectus since much of it is due to expansion in public sector employment.

Beyond that, the tax burden in the United States is the same as 30 years ago, at 25% of national income. In Europe over the same three decades the burden has risen from 33% to above 40%, the heaviest rates being in the core economies of France, Germany and Italy.

Patrick Ruffini adds:

Of course, the Non victory on Sunday may be more Episode IV than Episode VI in the rebellion against the European Empire. The Times of London reports on Chiraq's plans to defy his people's Non, principally at the expense of our British ally. That shouldn't surprise us. Whenever a nation gives "the wrong answer" in a referendum on Europe, out-of-touch europhile elites call a mulligan and resubmit a "renegotiated" treaty before a weary public, who usually succumb.

Here's hoping this is not one of those times.

Whichever way the voting goes in France and The Netherlands, it is bound to put Tony Blair in a sticky situation, as he assumes the EU presidency on July 1.

UPDATE:

Mark Steyn has more great comments on the matter.

Posted by Will Franklin · 28 May 2005 09:15 PM

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