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5/26/05

WPH: Analysis: The EU treaty's unanswered questions

World Peace Herald"Analysis: The EU treaty's unanswered questions

A "no" vote in France and the Netherlands will almost certainly kill off the constitution because to take effect it has to be ratified by all 25 states. The result will be a prolonged period of institutional navel-gazing, a possible slump in the value of the euro against other major currencies, a weakened Europe on the world stage and a less open, democratic and efficient union at home. But supporters of the blueprint will be able to take some solace from the fact that it was neither Europe nor the constitution that was rejected by voters, but unpopular national governments and an arrogant EU elite.

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