kenberg, on 2016-June-13, 15:35, said:
I was aware that Norway was not in the EU and is doing ok. Of course oil helps, and I suppose it helps even with the lower price it now goes for.
Norway is in the European Economic Area (I mention this for my fellow Americans who perhaps, like me, did not know this). Apparently the Norwegian PM would prefer to be in the UK, but the voters disagree, and pretty overwhelmingly.
Anyway, I would be interested in comments.
Yes, Norway has to abide by most of the EU regulations without getting much of a say in the definition of the regulations. However, it's probably not as bad as some Norwegian politians would like to depict. In the end, a politician's default position is to feel aggreived if she/he is left out of a supermassive junket with "politicking" as the main course and lavish parties & treats as desserts.
An issue for Norway is that it's not big enough to have a clout within the EU, even if it were in it. Ask the Dutch how much their government shapes EU policies (miniscule) vs. obeys EU policies (quite diligently). In contrast, the UK is massive in terms of proportion of EU economy, EU population, political clout (UK has loads of "soft power" in the world), and intra-EU clout (i.e. ability to resist excesses of the EU political machinery).
A Brexit will be a huge blow to the EU (even if they pretend like they will be unaffected). And many countries in the EU know it... The unfortunate part is, when it comes to any multilateral negotiations, every country in the EU is busy trying to get the best cuts of meat -- even when no country offers to go hunt for meat. It's not their fault, really -- it's that the EU machinery is designed such that countries are required to fight for every concession, every right, before it ever gets included into EU common policy. Finally, if UK actually votes to Leave, the very politicians who humiliated David Cameron repeatedly during the so-called "UK's reform deal with EU" will come to rue the day they forgot to look at the big picture.
Another discordant feature of the EU is the disproportionate power wielded by the three main countries (Germany, France, UK). In a democracy, rights and powers are (meant to be ) commensurate to population size. Germany is 11% of EU population -- yet, it probably holds ~50% of the political power. Angela Merkel was, for all practical purposes, the person who decided how the whole of the EU deals with Greece (during their ongoing "default" scenarios). I'd be surprised if even 1% of those who know the name of Germany's Finance Minister (Wolfgang Schäuble) can name the French counterpart.
If Brexit does occur, it will not be long before the rest of the EU establishment is brought to its knees --- both from within (i.e. national governments defying the EU) and from outside (financial markets tearing the Euro to shreds). One hopes the EU survives this ordeal...