With its decision to leave the European Union, the United Kingdom has a rare opportunity to turn away from isolationism and strengthen world trade. The Brexit vote was widely seen as a narrow choice between European collectivism and British nationalism. But a third choice exists for the U.K.: creating an alliance of northern European nations.
A new Northern Union trade and security alliance would include nations that, like the U.K., bristle at the E.U.’s suffocating bureaucracy and its endless demands for cash. Finland, for example, bleeds money to subsidize the E. U.’s spendthrift southern members and Brussels’s never-ending schemes for rescuing the Euro. The nearby Scandinavian countries wonder why they should stay in the E.U. if the U.K. is no longer in the club. In fact, one Scandinavian country already goes it alone: Norway has unrestricted free trade via the European Economic Area (EEA) and maintains its own currency, in high demand worldwide. Iceland followed Norway’s path until beginning negotiations to enter the E.U. in 2010, but the tiny island republic, just emerging from bankruptcy, has wisely broken off negotiations with Brussels. Iceland isn’t averse, however, to forming a security partnership—especially one that offers an alternative to joining a 27-state behemoth. The Dutch, like the Finns, grudgingly pay their ever-rising dues to the E.U. But what if the Dutch could find a way out of the Brussels trap? What if this new way were free of national chauvinism and consistent with a constructive strategy of global outreach?
Even Scotland’s separatist movement would lose much of its escapist appeal if Edinburgh were to join with Dublin, Belfast, Cardiff, and London in a Northern Union. Fresh courage is being felt in Ireland. American firms continue to take root there as they seek to avoid the high taxes back home that put them at a disadvantage against their East Asian competitors. Though Dublin has never been shy about pocketing European funds, Ireland fears that Brussels might wipe out its tax advantages.
Small nations, such as Estonia, along with regions of existing countries, such as Flanders in Belgium, might also find reason to join a Northern Union. How much more hopeful would Flanders be about its future if it could break away from the Belgian federation (and from clueless Wallonia) and join a new economic and security union?