It turns out that impulsive economic divorces are a bad idea, too.
British Prime Minister Theresa May speaks to lawmakers in Parliament in London on March 12. By Matt O'Brien Matt O'Brien Reporter covering economic affairs Email Bio Follow Reporter March 14 at 12:13 PM In case there was any doubt, British Prime Minister Theresa May is proving once again that you can’t fit a square peg in a round hole no matter how much you try or insist you can.
What has changed now, though, is that even this mass delusion is becoming harder to maintain. Why is that? Well, a big part of it has to do with Northern Ireland — and more specifically, its border with its southern neighbor. The important thing to understand here is that not only is the E.U. a customs union, but it’s a single market, meaning goods can move between countries without having to be checked at the border, because they all share the same rules and regulations. Leaving the E.U.
The bigger problem, though, is that it doesn’t seem as though there’s any possible agreement that would take Northern Ireland out of the E.U.'s customs union but leave its border open — that’s the round peg and the square hole — so there’s a strong chance that this would mean Britain would just stay in the customs union itself indefinitely. In which case, what would be the point of all this? Britain may as well just as stay in the E.U., and try to do something productive for a change.
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