The Mudcat Café TM
Thread #98492 Message #3243900
Posted By: Don(Wyziwyg)T
24-Oct-11 - 09:45 AM
Thread Name: BS: The European Constitution
Subject: RE: BS: The European Constitution
What bothers me is that we have so much of our foreign trade tied up in Europe (40% approx).
If we pull out and Europe start protecting their own with massive import tariffs, where do we go?
All our former trading partners are married to the US of A, and we already suffer from the competition of India and China, both for business and for resources.
We are not a self sufficient country and it's hard to see our economy surviving any such move.
Regardless of political ideologies, common sense would suggest that we modify the terms, rather than shut up shop.
I'd like to see, instead of that 57 million apparent deficit, a realistic figure for what we earn in trade, set against what we pay for membership.
That might put an entirely different construction on our situation.