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treehau5 | 8 years ago

> the EU is the biggest economy in the world

Yes, the EU, or otherwise known as that giant land mass consisting of 28 different countries with unique economies.

Ironically, trying to treat each member state as some homogeneous member is what is leading to the fracturing and growing nationalism. UK won't be the last to try and break off.

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skissane|8 years ago

The EU in many ways acts like one big economy due to its customs union, freedom of movement of workers, capital, goods and services, extensive harmonised regulations, partially harmonised taxation, wealth transfers between members, a common currency to a substantial part of it, etc. It is a lot more tightly integrated than some mere 28 member free trade area would be, although still not as tightly integrated as say the 50 states of the US are. (And the 50 US states all have distinct economies from each other, with sectors that are big in one state being small or even non-existent in another.)

treehau5|8 years ago

And still the obvious fact remains: 1 country versus 28 separate countries.

The UK voted to break off. France came dangerously close to heading down that path with Le Pen. Greece's government might not want to, but the people would be on board for the same. Potentially Germany when they get tired of carrying the rest of the EU (especially after UK) on it's back can all leave whenever they want -- they just need to vote on it.

However, If California, for example, tries to succeed, it would be illegal.

pwnage|8 years ago

While everything you said is true, I think the gap in homogeny of economies between the EU and the states of the US is much much larger than you make it sound.

Retric|8 years ago

States can't leave the USA countries can leave the EU, which is a massive difference. NAFTA and EU are not countries they are an agreement between countries.

revelation|8 years ago

Which isn't too different from the US. There is California, then... not much more. East coast and west coast is basically a different country.