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Wednesday, September 19, 2018 ARCHIVES  |  SEARCH  |  POST ADS  |  ADVERTISE  |  SUBSCRIBE   |  LOGOUT   |  CONTACT US

The EU at risk


A RECENT headline on the leading French newspaper Le Monde said it all: “Migrants, the Euro, Brexit: The European Union is mortal.” And it’s true. The EU could actually collapse over these three threats.

The most immediate threat is Brexit, the possible result of the yes/no referendum on British membership in the EU that is scheduled for 23 June. Prime Minister David Cameron promised this referendum three years ago mainly to placate the anti-EU faction in his own Conservative Party. But the vote is actually being held at a time when many English people are upset by the large flow of immigrants into the UK and blame it on the policy of free movement for EU citizens.

The million-plus wave of refugees that has surged into the EU in the past year feeds the British panic even more, although Britain still controls its own borders and none of them can enter the UK unless London consents. And David Cameron, who is leading the campaign to stay in, has been gravely damaged by the fact that his father’s firm (in which he held shares) has been mentioned in the “Panama Papers”.

The result is that the polls now show the “Leave” and “Remain” sides almost neck-and-neck. The refugees are a much more concrete problem for most other EU countries. The vast majority of them enter the EU through Greece and Italy, but they almost all want to travel on to the richer EU countries. Dissent with EU policies is rife as some Eastern European countries refuse to accept any refugees at all.

Then there is the euro, the common currency shared by 19 EU countries, including all the big ones except the UK. It was a bad idea from the start, because a single currency without a single government behind it cannot deal effectively with big issues like debt and inflation. It was bound to end up in trouble as the economies of the member states diverged, and the Greek crisis last year was just the first of many. 

So, three separate problems, none likely to be fatal to the EU on its own. The EU survived with separate national currencies for four decades before it adopted the euro. It could do so again. The Schengen treaty was a nice idea, but not essential to the Union’s smooth functioning. And Britain’s departure could be nothing more than a spectacular act of self-mutilation.

The only immediate and certain consequence of Brexit would be Scotland’s secession from the UK (so that it could stay in the EU), and nobody would have much sympathy for England’s post-Brexit difficulties. But the walk-out of the country with the EU’s second-biggest economy would trigger a political earthquake. Various populations of the EU are seething with dissatisfaction about immigration and refugees, about the euro, about all the compromises and bureaucracy that must be tolerated to keep a 28-country “community” going.

It could snowball. Where Britain (or just England, really) breaks trail, others might follow. We could end up with a severely shrunken EU, back down to the original six members plus a few others, while the countries of Eastern Europe get used to being once more the buffer between Russia and the West. 


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