“The varied nations of Europe understood that they'd be much stronger if they forged a common market with shared institutions and even a regional currency, the euro, than if they tried to compete as independent units... As a whole, the EU should in theory wield significant power in pressing Beijing to open its markets and play fair on trade. Instead, European nations have routinely squandered that advantage by competing with each other for Chinese investment and favors...

If Merkel and Cameron and Europe’s other leaders had locked arms and fought for those rights together, they’d have had a much greater chance of success.”
Tagged: Brexit, Europe, Economics

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