Sunday, December 9, 2012

Brixit

The Economist (a London based newsweekly) is running a cover story about the potential for Britain leaving the EU.  Amusing cover cartoon showing Britainna in full costume (Roman helmet, Union Jack on shield) riding a fighter plane style ejection seat.  Apparently Brussels bureaucrats have riled up the ordinary Brit voter to the point that they might vote "leave" if a straight forward "In or Out" referendum were presented to them.
   Unfortunately, 50% of Britain's trade is with other EU members.  If Britain withdrew then all this trade would be subject to EU tariff, which will hurt, a lot.
   If the Brits are so dumb as to stiff arm their best customers, we ought to offer to let them into NAFTA.  

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