Friday, February 19, 2021

Have I Got an Infographic for You!

Part of the problem with uniting Europe is that Europe isn't very united

The most obvious manifestation of this is that the Eurozone (where they use the Euro as their currency) does not include all countries in the EU, but also contains countries not in the EU.

It gets worse:

Infographic: The Consequences Of The UK's Brexit Strategy | Statista 

What the heck is all the extra stuff? The EU Customs Union are the countries that have no tariffs between them. The EEA is the set that allows free movement of goods and people across borders. The EFTA is a group that has free trade between them (no tariffs or regulatory restrictions on goods crossing borders). The Schengen area is where there are no border crossings where you might have to present a passport.

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