Reply to post: European Free Trade Association

So what would the economic effect of leaving the EU be?

sean.fr

European Free Trade Association

Britian is unlikely to completely leave the European Union trading zone. If it will not apply common decisions, it will need to leave the common decision making process to those that will. Then after the decisions have been made it can pick case by case what it will apply and what it will not. The "outer" European countres in the European Free Trade Association show the principle. The risk is banking rules. EU rules are likely to favour Frankfort over London. Five 5 snooping and data protection is also likely to be an issue.

People get the idea the EU generates more rules. We need rules. It is often not clear what the rules should be. But is clearly best that we are using the same rules and harmonising requires give and take. We are not really concerned what the mains voltage is or what the plug looks like, but we want the hair drer to work when we are on holiday - so sorry you still have those dodgy square pins - messy adaptor for you. The rest of us (Europeans) are mostly on CEE7/7 and CEE7/16 and everything just works pretty much everywhere in the near abroad.

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