14 Jun 2022, 06:43

While for European cooperation I don't think it is appropiate for the EU to tell nation s of Europe what currency they can trade in or not especially forcing nations to add an inneficient step of converting currencies into Euros which then the other nation has to convert back to home currency assuming the plan is not to force the Euro on every nation in Europe . Also regulating trade and who can trade what is dangerous for the economy, this could actually encourage nations to leave the EU at which point they are not under any regulations at all so could actually be worse for the environment as a result. Finally whether nations have a trade defecit or surplus of a significant amount is none of the EU's business either in government finance or in trade balances. In fact there is nothing wrong with a surplus or defecit in goods as this may be an indication of a country that trades in service industries like tourism or banking and no nation should be penalisd just because the EU doesn't like its balance sheet or industry profile.

There is also the issue of the what is a "high carbon product" and that the EU should have no role in price stability or how much money is allowed to transfer out or in of the nations, that should be solely up to the sovereign nations involved. This proposal is a big mistake and can only cause tension and instability due to its threat of over reach in the EU , power should be in the hands of the European nations not the EU itself especially that of the power over the economies. In fact this risks EU and internationalist imperialism by telling nations how to run their economies.

James Mizrachi-Roscoe, Councillor for United Duchies