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Europeans and their expensive stuff

by Tsarrio Tue Apr 11th, 2006 at 02:19:20 PM EST

I am no professional diary poster by any means; I just thought I would provide some entertainment for you guys tonight. Just browsing through BBC, I came across this little article on BBC's website:

The UK imported £4.8bn more goods and services in February than it sold overseas, pushing the UK deficit even higher than expected.

Definitely sounds like the UK is following in the U.S.'s footsteps in terms of trade balances. Sounds like the UK government needs to re-evaluate if they are doing something wrong...or does it?

It was higher than the predicted £3.8bn and the Office for National Statistics expects things to get even worse.

Economists blamed the European Union for the growing gap - the deficit with the 25 member bloc grew to £3.1bn in February, up from £2.8bn in January.

The goods trade gap was higher than expected, hitting £6.5bn in February.

This was higher than that forecast of £5.7 bn.

Oh shoot, so it is those pesky Europeans again with their expensive stuff! Wait, maybe it has something to do with that expensive gas? We could certainly blame the rising trade deficit on the gas, no?

The ONS said Britain's most notable imports were in chemicals, consumer goods, capital goods, aircraft and fuel other than oil.  

Wait. So let's try to summarize these facts. European Union is to blame for Britain's rising trade deficit which has nothing to do with gas or oil. Can I ask how these people can lie with a straight face and still make headlines with this nonsense?

Economists blamed the European Union for the growing gap - the deficit with the 25 member bloc

Hehehehehe!.... Sheesh. "With" the "25-member" bloc. As if the UK wouldn't be one of those 25. My dear British Euro-haters, it should either be "within" (swallow it) or "with the other 24 members".

And, is the UK now against free trade?...

facts. European Union is to blame for Britain's rising trade deficit which has nothing to do with gas or oil.

They did blame gas - only coded as "fuel other than oil".

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Wed Apr 12th, 2006 at 04:07:45 AM EST
Let's see if I have this straight, they are buying the "expensive stuff" AND blaming EU for their behavior. Huh?!?

"Once in awhile we get shown the light, in the strangest of places, if we look at it right" - Hunter/Garcia
by whataboutbob on Wed Apr 12th, 2006 at 04:09:13 AM EST
Single market

The Single European Act, signed in 1986, set a deadline of 1992 for the single market to be up and running.

The single market was launched on 1 January 1993.

The single market set up four freedoms:

Goods: companies can sell their products anywhere in the member states and consumers can buy where they want with no penalty.

People: citizens of the member states can live and work in any other country and their professional qualifications should be recognised.

Capital: currencies and capital can flow freely between the member states and European citizens can use financial services in any member state.

Services: professional services such as banking, insurance, architecture and advertising can be offered in any member state.

"The USA appears destined by fate to plague America with misery in the name of liberty." Simon Bolivar, Caracas, 1819

by Ritter on Wed Apr 12th, 2006 at 03:46:21 PM EST
Read it and weep!  ;-)

Pound/Euro Exchange Rate

The fall of the Pound has made goods and services produced in the Eurozone more expensive.  

Not moving to the Euro was a decision of the British Goverment.  

Therefore, the increase in costs stems from a decision of the British Goverment.  

Quad Erat AsIsaid

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Wed Apr 12th, 2006 at 04:03:02 PM EST
[ Parent ]
When I read the newspaper today, I came across the same news in the economy section! And you posted this in Tuesday, two days earlier.

Right on the ball!! (Also props to the BBC of course, but hey, they just write what rolls out of the telex...)

by Nomad on Thu Apr 13th, 2006 at 07:40:22 PM EST

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