Why Is Greenland So Rich These Days?

Discussion in 'Politics' started by Reasoning, Dec 2, 2010.

  1. Reasoning

    Reasoning Active Member

    Apr 15, 2010
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    Fascinating article... I hope the US is never involved in any sort of EU type system with Mexico & Canada.

    Why Is Greenland So Rich These Days? It Said Goodbye to the EU by Alex Singleton

    Why Is Greenland So Rich These Days?

    If you think that leaving the EU would be catastrophic, take a look at Greenland. By rights its people ought to be poor. Their island is isolated, suffers from freezing weather, has a workforce of only 28,000 and relies on fish for 82 per cent of its exports. But it turns out that since leaving the EU, Greenland has been so freed of EU red tape and of the destruction of the Common Fisheries Policy, that the average income of the islanders today is higher than those living in Britain, Germany and France.

    Greenland’s politicians realized that the fisheries policy was ruining their fishing industry. They had the guts to stand up against the all the prophets of doom and let their people vote in a referendum on leaving the European Community, as the EU was then called. On January 1, 1985, it became independent of Brussels – the only country ever to do so.

    Greenland was, with Britain, one of only two EU countries to be heavily dependent on fishing. In fact, Britain had, in some estimates, 80 per cent of Europe’s fish stocks when it entered the EU, because our fishermen had carefully managed them, while the fisherman of Spain, France and Italy had destroyed most of the Mediterranean stocks.

    Read the rest @ Why is Greenland so rich these days? It said goodbye to the EU – Telegraph Blogs

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