11th March 2014: This morning at the European Parliament in Strasbourg, Andrew Brons made the following contribution, under the Catch the Eye procedure, to a debate on the EU guarantee to the European Investment Bank on loans for investment projects outside the EU.
"I am not an EU enthusiast at all but I can see even less justification for the EU to facilitate investments beyond its borders. In the case of countries in Eastern Europe, it can be seen as a bribe to lure them into becoming candidate countries and eventually surrendering their sovereignty.
"North African countries are not, of course, eligible to be members - at least under current rules but their receipt of investment is a sign that the EU is not so much a European Union as a Global Union in waiting.
"There will undoubtedly be people in the still crisis-ridden member states who will wonder why all such available money is not invested in them. The answer might be that investment will be much less effective when expansion is constrained by a currency that is overvalued for their economies.
"Withdrawal from the Eurozone will be a prerequisite for effective investment."