March 10, 2011

The EU really hates business doesn't it?

The EU is an amazing organisation. It manages to turn every single thing that it touches to shit, and yet still manages to retain the devotion of the political elites and the BBC. When the EU does something you expect it be terrible. An EU politician trousering huge sums for very little provokes no outrage, even when they decide that they are litterally above the law. Finding one that isn't corrupt is much more unusual. It takes something that is truely batshit insane to escape the cloak of boredom that it spins around itself and get noticed.

This week they managed it not once, but twice.

The first is that they want to make Cookies opt in. This might seem like a noble thing to do, except that the EU will make EU web applications unusable. Whenever you hit an advertising funded site that originates in the EU you will now be presented with a blizzard of pop ups which you have to OK before being able to use it. Compare this to the same service offered from anywhere else on the planet which would just let you get on and do whatever it was you wanted to do. It does not take a genius to work out which service is going to die on its arse, but then this is the organisation that thinks that if you throw a dead fish into the sea it comes back to life.

Trying to kill an entire emerging market sector and forcing anybody wanting to set up a web business it to move to the US would take a lot to top, but the EU has managed it. The EU Parliament has voted that it wants to destroy the entire financial industry within the borders of the EU. It wants to kill the overnight interbank lending market, you know the thing that the EU member states just spent billions trying to maintain, and make every single loan, insurance policy, or currency transaction much more expensive for everybody in the EU. Luckily this vote isn't binding. The EU parliament is nothing but a talking shop that acts with little more than a rubber stamp to give a vague nod towards democratic accountability no ability to either start or stop legislation.


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