Hungary Told To Repeal Law Banning LGBT Promotion To Children "Or Else Leave EU"
(www.zerohedge.com)
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Right? Orban is laughing. Look at how hard the EU worked to stop Brexit, like they would ever cut Hungary loose. They're bluffing.
Hungary isn't the UK, we paid most of the money into that shit.
Isn't that precisely the reason cited for why joining the EU was a devastating mistake for Greece? Tying their economy to a country like Germany through the euro is crippling them.
For Greece, yes. Hungary and Poland for example do not use the Euro. They keep saying they will eventually do so, but have delayed for almost two decades now.
This is how they are able to maintain independence while still benefiting from being in the EU, and why any pressure from the EU has not meant much. They will never give up sovereignty, and the EU is too afraid of losing members to do much about it.
I predict the status quo will remain until the EU falls apart.
This is the problem with turning your trade agreement into a supra-national prestige project. Conflicting goals.
Economically, it would seem to make sense to turn Hungary loose - there's a lot of investment required before any chance of return.
Politically ... it's fairly clear Hungary is intended to become a debt colony eventually, they just won't comply for now. So the EU will keep hammering away at it until Hungary makes a mistake and gives the EU the opportunity to annex their economy.
That paltry amount is meaningless though, compared to what Germany and others gain from access to those markets. The 2% of GDP goes into building roads for German goods to go to those countries, and for finished product made by local labor to make it back to Germany.
Both sides gain, but Western Europeans gain more than they lose, that's why they are all bark and no bite.
They can only push so far. People always ask why Germany or France don't kick people out, or why nations like Poland or Hungary don't leave. The answer is simple, they are both benefiting from the arrangement. The minute that changes, either one side leaves or there will be war.
I agree, Italy is most disappointing. I think the adoption of the euro and easy credit that came with it has corrupted Greece and Italy far beyond what they were capable of on their own.
Sadly they do not possess the spirit to leave. Money is more important to them than virtue. That's why I am glad Poland was not tempted. The country would be destroyed if the euro were ever adopted.