Did Britain secede from Europe?

As George Bailey said in It’s a Wonderful Life, “Potter isn’t selling, Potter is buying”. This in reference to the bank run that spooked investors into selling their shares of the building and loan company at 50 cents on the dollar.

The latest proposition from the Merkel-Sarkozy partnership looks eerily similar in that all nations in the European Union must submit their budgets to Brussels for approval. In return for sacrificing sovereignty to the EU, the strong members will guarantee the survival of the weak. But the strong (e.g. Potter) will dictate the terms to the weak (e.g. citizens of Bedford Falls).

Prime Minister Cameron rejected the deal, declaring that Britain would not be beholden to the EU. This bravado left a weaker EU to limit this proposal to the 17 Eurozone countries instead of the entire 27-member union. The members that rely on the Euro for stability really have no option but to go along.

The split between Britain and the France-Germany alliance may signal the beginning of the end of the European Union. Another alliance may build between Britain, the Scandinavian region, and Switzerland. A counter-balance to the weight of France and Germany.

It looks more like the European Union was trying to unify by building a Tower of Babel with predictable results.