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

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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 realised 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.

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the rest of the article

December
2, 2010

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