The Single Act on 17 and 28 February 1986 introduced qualified majority voting; legislative cooperation between the Council and the European Parliament; and move towards a large internal market.
Maastricht Treaty on 7 February 1992 brought about move towards the Euro; Justice and Home Affairs; and Common Foreign and Security Policy (CESP).
Amsterdam Treaty on 2 October 1997 appointed a High Representative for the CESP; Integration of the Schengen acquis; Human Rights; Sustainable Development; and Crisis Management Capacity.
Lisbon Treaty on 13 December 2007 introduced the concept of Legal Personality of the EU; Law making parity between the European Parliament and the Council; The Council became an institution; involvement of national governments; and Charter of Fundamental Rights.
A strong and stable negotiator in the U.K. will face an equally strong and stable negotiator in the EU.
EU, USA and China are three large economies worth $17 trillion each. Our strong and stable leader with an economy of $2 trillion in unlikely to play a major trading and/or currency role on the world scene.
It is more likely that our strong and stable government may bring about weak and unstable growth for many years to come after we leave the EU. Half of the foreign trade in the EU is intra-trade between member states.
If the terms of leaving the EU are to the detriment of U.K. Economy, remaining a member of EU should be an option to consider.
Nagindas Khajuria
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