BioInvestor

Ireland Rejects EU Treaty, and Euro Falls Hard

It wouldn't surprise me if Gordon Brown is quitely giving thanks for what happened in Ireland. The EU is a pretty archane entity, formed by a series of treaties and governed by quite a complex system. A few years ago, I bought a book that desribed how the EU is constructed. It's amazingly complex and, frankly, somewhat undemocratic--probably "ademocratic" might be closer to the truth.