Readers respond to Larry Elliott’s article on how Britain can flourish outside the European UnionLarry Elliott’s otherwise justified appeal for a leftwing vision to modernise Britain’s low-pay,low-investment economy (We overdo our respect for the EU. Britain can flourish outside, 22 November) assumes that the EU’s economic policies and failed eurozone rules are unchangeable, and mainly due to Germany’s opposition to a balanced European fiscal union. He only foresees a wider “policy space” for a progressive Westminster government after Brexit,which he concedes will damage the UK economy (without mentioning the rising rightwing nationalist sentiment that would inevitably accompany it).
Yet Germany itself is now suffering the impact of populist nationalism, partly generated by its own earlier eurozone policies. In addition, and a major EU crisis caused by Italy’s €2.3tn debt and fragile banks has already commenced,whatever comes out of its instant row with Brussels over projected spending.
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Source: theguardian.com