June 8, 2005

SEXY BEACH (via Daniel Merriman):

Let's buy into the good things about Europe (Boris Johnson, 09/06/2005, Daily Telegraph)

There are now 750,000 British properties in Spain and half a million in France, and it is well known that there are now some French villages where the English influx is so heavy as to provoke the kind of tensions not seen since the Napoleonic era. And I have to tell you that there came a point after lunch, staring out over that wine-dark sea, having drunk a certain amount of wine-dark wine, that I was filled with a Byronic romance, and thought yes, why not? Wouldn't it be wonderful to escape to the south, like swallows, and join these other Brits in their bliss?

The answer is that it would be wonderful, and I point all this out now because this right of abode is one of the unambiguous blessings that has come from Europe. Here we are, we Euro-sceptics, in a state of complete triumph. The European ideal has been overwhelmed with derision and disaster. The European constitution is dead, and of course it is a good thing that it is. There is no earthly point in this country going through the expensive charade of our own referendum, and queueing up to stab the corpse like the cast of Murder on the Orient Express, when the French have themselves had the honour of first extinguishing its vital functions; and nor do we want our own government furtively importing the text by means of intergovernmental agreement.

We don't need more qualified majority voting, which hollows out the democratic process at Westminster. We don't need a European defence policy or foreign policy, not when 16 out of 25 countries secretly or openly disagreed with the Franco-German position on the war in Iraq. You can't herd squirrels with some fancy new treaty. We don't want the European Union to be blessed with a new preposterous oxymoronic motto, "Unity in Diversity" (you might as well say Strength through Feebleness), or a new Euro-army or a new European foreign minister and European embassies all over the world; not when British businessmen trying to do deals in, say, Zambia, are already finding that there is no one left in the UK High Commission to help them on the trade desk, because the trade desk has been abolished in favour of joint representation with the EU.

We don't need a European policy on sport, together with qualified majority voting, or the mandatory celebration of "Europe Day" on May 9, or a European space programme. All of which is contained in this constitution and the constitution is - at least for the time being - dead, and of course it ought to be with joy that we Euro-sceptics place our feet on its mounded belly. And yet, as the Duke of Wellington said, there is only one thing more melancholy than a battle lost, and that is a battle won.

As we survey the carnage, it is vital for Euro-sceptics of all kinds that we are not petty. This is a time for bigness of soul, and for realising that it is precisely now, in our moment of triumph, that we must be most generous and creative. Yes, let us scrap the pretensions of the EU to statehood; let us congratulate ourselves (because no one else will) on being so resoundingly vindicated about the euro. Let us prepare to offer the Italians, when they eventually leave the single currency, the use of the pound sterling, provided they are willing to pay the seignorage. But let us also remember that some good things have come from Europe, and they include the basic four freedoms of movement - of goods, people, services and capital.


The problem is that he won't want to live in a France that's being run by the French.

Posted by Orrin Judd at June 8, 2005 11:08 PM
Comments

Are you under the impression that somebody else is running France?

Posted by: Robert Schwartz at June 8, 2005 11:25 PM
“Seignorage”

Definition: Seignorage is "The amount of real purchasing power that [a] government can extract from the public by printing money." -- Cukierman 1992

Explanation: When a government prints money, it is in essence borrowing interest-free since it receives goods in exchange for the money, and must accept the money in return only at some future time. It gains further if issuing new money reduces (through inflation) the value of old money by reducing the liability that the old money represents. These gains to a money-issuing government are called "seignorage" revenues.

The original meaning of seignorage was the fee taken by a money issuer (a government) for the cost of minting the money. Money itself, at that time, was intrinsically valuable because it was made of metal.


Posted by: Eugene S. at June 9, 2005 12:39 AM

. . . there came a point after lunch, staring out over that wine-dark sea, having drunk a certain amount of wine-dark wine, . . .

Lovely turn of phrase, that.

Posted by: Mike Morley at June 9, 2005 7:15 AM

The British position has always been crystal-clear: love France, hate the French.

Provence is wasted on them.

Posted by: Brit at June 9, 2005 8:06 AM
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