I was for it before I was against it. I thought the concept of a European Union would offer the ultimate testament to the wisdom of our Founding Fathers. Then I saw the leaders of the European Union use it to muscle American companies (e.g. Microsoft) into regulatory submission rather than focus on a necessarily slow absorption of 27 different countries, each with more than a millennia of history, culture and politics.

Instead, the EU moved with the speed of the market, in part because the market was driving the union. In 2003, the Euro began replacing the national currency of some of the EU members. Today, 17 of the 27 countries use the Euro. Significantly, the United Kingdom opted out of the Euro, and as things stand today, that looks like it might have been a smart move.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.