Wednesday, June 01, 2005

Dutch Reject the EU constitution

Hmm, looks like the Dutch defeated the crap out of the measure. With a 62% turn out and a 62 to 39 for the "no"vote. Add this to the French defeating it by 55% and the EU looks like it may be in trouble. I like how McClellan dodged the whole issue. It *is* a European matter and the US has nothing to do with it at all.

Whatever the case the EU seems to be splitting at the seams. I read in Business Week that even the Euro isn't fulfilling peoples expectations. I have a feeling that some member states like the Netherlands may bow out of the EU rather then succumb to economic reforms and cultural assimilation. Would France and Germany be far behind? Whatever the case, it may be time to go short the Euro.

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