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ned circumstances due to forces beyond their control. The burden of economic insecurity will fall most heavily on the less skilled and less wealthy who are always most vulnerable to swings in unemployment. All social welfare programs will be at risk, contrary to the stated intent of the Yes campaign, because those programs get cut when external budget discipline is imposed, whether by European neighbors, the International Monetary Fund, or international banks. Any responsible members of a household would thank twice before quitting a job with no sure re employment, exposing themselves to greater insecurity, and dumping access to disaster insurance for the sake of no improvement in long term income. A caring head of household does not take his children and Adidas Yeezy Womens
elderly parent out from a family estate to live in a tent, and give up a steady income for piece work, just to get away from a bunch of annoying know it all cousins. Yet that is exactly what Scottish independence would do to all Scottish households at once. Making Scotland a small fish in the global ocean is not only bad economics, it inherently imposes a worsening of social conditions for the most vulnerable Scottish people.
Ultimately, as a small country in the Euro area, you end up needing deeper integration in Europe, both in terms of markets and Adidas Original Yeezy Boost Price
wealthy large states of Northern Europe leaned on Ireland to take on the full cost of its failed banks just to prove a point to other small countries Portugal and Greece who then suffered the similar burdens of fully repaying bad loans made by Northern European banks.
Therein is the great flaw of the EU fantasy for Scotland. The European Union remains a great ideal committed to ever closer union and cosmopolitan values, and as such seems attractive to many potential Yes voters as an alternative to staying in the UK. But as the recent crisis has demonstrated, and as also evident during the run up in the early 2000s, there is no true solidarity within the euro area. Ireland had an excessively loose monetary policy and footloose capital inflows throughout its boom years without any regard from the ECB. Ireland then suffered a huge loss in its banking system and real estate values with no bail out from the rest of Europe. In fact, the Adidas Yeezy Models
fiscal transfers, but lacking both. And you have no political traction with which to demand more from the large member states. The European parliament has now recognized that the great gains of European integration were from the single market in 1992 and not from the euro. , That recognition makes it clear just how far from Europe still is from truly integrated markets. Look at how interest rates for small businesses have been completely dominated by swinging perceptions of sovereign risk. Today, companies in Italy, Ireland or Spain, let alone Greece cannot get treated the same by lenders or business partners as a, as the same companies would be if from Austria or Germany, irrespective of merits.
But most of all the Euro Adidas Yeezy All White area fails because there are no fiscal transfers of any magnitude, the .
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