Europe Restructured?: The EuroZone Crisis and Its Aftermath

Book Title Europe Restructured?: The EuroZone Crisis and Its Aftermath
Author Name David Owen
Publishing house Methuen
Country – city UK
Date of issue 2012
Number of pages 390

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Former Foreign Secretary, Lord David Owen, a lifelong European, says “Without a very different renegotiation, for the first time in my life I could well vote ‘No’ to remaining in the EU. Continuing with much the same EU is not supportable.”
Six years on from the global financial crisis the Eurozone is still in the midst of its own economic crisis. Greece’s problems are not resolved. The French and Italian economies are still not grappling with their need for radical change and there are weaknesses in other Eurozone economies. These economic problems and the geopolitical problems of the wider Europe like Ukraine are inextricably linked to whether the UK will decide to remain in the EU. It will be a catastrophe if the EU dismisses the UK referendum as one of little significance, a matter just for the British.
In his book Europe Restructured Lord Owen provides a negotiable blueprint for a restructured EU Single Market within the European Economic Area. It allows for more and more opt outs for the UK as it lifts its veto on the necessary ever greater integration of the Eurozone in order to alleviate its six year crisis, and as the Eurozone inevitably introduces more and more Qualified Majority Voting.
He advocates the UK remaining in the EU Single Market within the European Economic Area (EEA), and that this area should be opened, in principle, to all of the wider European states as full voting members when they fulfil the criteria for entry, such as Turkey, already an associate of the EU, and Switzerland. But they are not offered free movement of people and labour. Also in future any EU country like the UK that does not want to be in the Eurozone nor in the Schengen group and wish to retain control of its own borders they would no longer be obliged to offer free movement of people and labour to any new EU member. That means that eight countries* in the queue for EU membership would be stopped from the automatic right to come into the UK. This is a huge but necessary reduction in potential open access to the UK. Unlike over Poland, Bulgaria and Romania it means closing an open door before it happens. The distinction that makes this possible is that free movement is not essential for a Single Market but is essential for an ever-greater integrated Eurozone.
By reviving Political Cooperation for those Single Market EEA counties who wish to participate and who are not in the Eurozone, the way is paved for the UK to opt out from the pretension of an evermore integrated Common EU Foreign and Security Policy and EU integrated common defence. Gone would be all the tortured and deeply damaging wording in the Nice and Lisbon Treaties that still stand and threaten the UK’s self-government. Political Cooperation served the UK well in the past for cooperating and coordinating foreign and security policy.
Lord Owen says “‘This restructuring is both more realistic and far reaching than anything at present on the Government’ s very limited negotiating agenda. It is the means for avoiding Brexit, a course on which at present we are sleepwalking towards.”
*(countries affected: Albania, Bosnia-Herzogovina, Kosovo, Macedonia, Moldova, Montenegro, Serbia, Ukraine)

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