Comment Re:EU looses. Iceland wins. (Score 5, Interesting) 92
The WWI Western front is the point of Europe? That's what you said just then.
Yes, WWI and the Sequel WWII are some of the prime motivators behind the European Union. It has grown far beyond that but the people who originated the EU were partially motivated by the idea of preventing future wars by increasing economic integration to the point where war had become a sport that was to expensive to indulge in. and for what little it seems to be worth to conservative anti EU tossers these days, hundreds of thousands of those reasons that are buried in Flanders, and whom the GP spoke of, are British.
Where's Iceland fit into this?
Iceland exports in excess of 70% of it's manufactured goods to the EU. Iceland has enacted about 75-80% of the laws needed to join the EU and Icelandic politicians have proven them selves to be a bunch of incompetent nepotistic tosspots who cant keep the inflation graphs from looking like a set of sharks teeth. If you want to have a laugh compare the inflation graph for Iceland to that of Germany:
http://www.tradingeconomics.com/iceland/inflation-cpi
http://www.tradingeconomics.com/germany/inflation-cpi
Notice how the German figure hovers between 0 and 5%, now compare it to the Icelandic graph. You would laugh even harder if you could see data from before 1989. Inflation in Iceland since 1944 fluctuated between ~3% to as high as 25-30% and occasionally topped 100%. In 1979, these wankers that make up the Icelandic political class, finally had to index-link loans to inflation to motivate capital owners to start loaning money. What that means is that if your loan carries 6% interest and there is 8% inflation you are effectively paying 14% interests. Now try to imagine what happens when inflation hits 20% and you will understand why Icelanders are so angry they are spitting acid. Joining the EU would force their brainless politicos to... well... behave. And additionally when you export 70% of your manufactured goods to the EU it's kind of dumb to want to have no say in how the EU's inner market evolves which makes me wonder why the British, who depend on the EU for 50% or so of their exports want to leave the EU. It's kind of like robbing yourself of the ability to influence how your country is begin governed by voluntarily relinquishing your right to vote.