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Letter to the Editor
Financial Times - Thursday, 14th December 2006 Dear Sir, Malcolm Rifkind argues that the EU's Single Market has been a huge success, so it makes no sense to have an "in or out" debate (FT, 13th December). Has he not read Commission Vice President Gunther Verheugen's estimate that regulation in the Single Market is costing EU economies €600 billion a year? That's more than 5% of the EU's GDP and is over three times the estimated trade benefits of the Single Market. It's time to say it out loud: the EU is costing us more than it's worth. It's making us poorer. And we should be Better Off Out. Roger Helmer MEP |