"What was now becoming uncomfortably clear was that, whatever the Community claimed it was trying to do, the result was invariably the opposite. A Single Market claimed to be a great act of "liberation" and "deregulation" had produced one of the greatest concentrations of constrictive regulation in history... At least on balance, it might be argued that Single Market must have achieved its intended purpose of stimulating economic growth and creating jobs. But even that was a mirage. In the three years preceding the launch, average EU growth had been an unimpressive 2.3 per annum, while average unemployment had been 8.5 percent. In the four years after January 1993, the growth rate was to slump to 1.67 percent – the poorest performance of any economic bloc in the developed world – while EU unemployment would soar to 10.9 percent, with nearly 20 million people out of work."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Christopher Booker and Richard North, The Great Deception: A Secret History of the European Union (2003), p. 306
https://en.wikiquote.org/wiki/European_Union
Revision History
No revisions have been submitted for this quote.
Categories
European Union
53 quotes on TrueQuotesView all quotes by European Union →
Related Quotes
"We do not fear that the operations of time may never bring a united Europe, with a reunited Germany at its centre. We…"
"The future treaty which you are discussing has no chance of being agreed; if it was agreed, it would have no chance o…"
"There are only two kinds of states in Europe: small states, and small states that have not yet realised they are small."
"A referendum on this matter consists of consulting people who don’t know the problems instead of consulting people wh…"
"You know what they say about the average Common Market official? He has the organizing ability of the Italians, the f…"
"Here in Western Europe you have created a multinational democratic community in which there is a free flow of people,…"
"The President of the Commission, M. Delors, said at a press conference the other day that he wanted the European Parl…"
"The European Union implies the notion of the ‘Minimal State’, the abandonment of mixed economy and of economic planni…"
"Europe began as an elitist project in which it was believed that all was required was to convince the decision-makers…"
"Robert Schuman, who was in a hurry to catch his train for London, so skilfully evaded the newspapermen’s detailed que…"