Gerry’s International Relations

EU creates more problems than it causes

According to the EU Referendum, the European Union is a completely useless entity.  This blog state that a recent addition of new monetary laws is just another example of their inability to function properly.  There have been many recent cases of money laundering, much related to drugs, and the EU has tried to fix the problem with new laws.  These make it more difficult for bank accounts to be opened and makes the transferring of money more time consuming in order to verify the accounts and where it is going.  It is understandable that the European Union would want to stop these action, but according to this blog, the laws make it difficult for even city clubs to do their banking.  I am not knowledgeable about exactly what is happening in the situation or the laws they have created, but I am not sure if this is the correct response.  I am also not an economist, so I do not know what kind of effect this will have on the economy.  I do not agree with the blogger that the EU is pointless.  Every government makes mistakes, and I think that the EU has done more good than harm.