FRExit looms

http://www.express.co.uk/news/world/...aine-greer-ITV

The EU is a 'sinking ship'

"THE EU could come to an end following France’s upcoming election, which is likely to be contested by two eurosceptic candidates"

"Outspoken author Germaine Greer said: 'My terror is that France will pull out of the EU – and then the EU will collapse in such disorder that the ruins will catch us all up.' "

"Mr Fillon, the surprise winner of France’s centre-right presidential primary elections, however, has laid out how he would improve the EU and blamed the bloc’s lack of action for the Brexit vote. . . .

He said
“Today Europe at best is inefficient, useless, out fashioned and, at worst, is an obstacle to our development and our freedom.”

Far-right candidate Marine Le Pen said: “Mr Fillon’s social reforms will tear the country apart, they are the worst.
I also think that his pro-EU project is terrible. He is willing to comply with the EU’s ultra-liberal demands – no right-wing candidate has ever been so compliant."

--------------------------

Seems the house of cards is coming down !

Expect the crooks to put up a spiteful fight imo

Re: FRExit looms

Quite so Realist. The forthcoming elections in Germany, France, Italy and Austria must be causing quite a few
sleepless nights for the well-feathered bureaucrats in Brussels.

Making mass immigration folly was the first crack in the shell, Brexit caused another.
Just one of these countries causing yet another shock result with the inevitable call for a EU referendum and the shell will break .

Interesting days ahead!

Re: FRExit looms

Euro 'house of cards' to collapse

http://www.telegraph.co.uk/business/...s-ecb-prophet/

"The European Central Bank is becoming dangerously over-extended and the whole euro project is unworkable in its current form, the founding architect of the monetary union has warned. "

"Prof Issing said the euro has been betrayed by politics, lamenting that the experiment went wrong from the beginning and has since degenerated into a fiscal free-for-all that once again masks the festering pathologies"

"The ECB has "crossed the Rubicon" and is now in an untenable position, trying to reconcile conflicting roles as banking regulator, Troika enforcer in rescue missions and agent of monetary policy. Its own financial integrity is increasingly in jeopardy."

"Cloaking it all is obfuscation, political mendacity and endemic denial. Leaders of the heavily indebted states have misled their voters with soothing bromides, falsely suggesting that some form of fiscal union or debt mutualisation is just around the corner"

Re: FRExit looms

Deutsche Bank Collapse fear

http://www.express.co.uk/news/world/...European-Union

"With Germany’s biggest bank teetering, a private meeting of major investors in London yesterday discussed offloading their assets in the troubled financial giant.

The potential collapse could trigger an economic catastrophe in the EU with Deutsche Bank’s holdings worth two thirds the size of the entire German economy, 25 times bigger than Northern Rock which set off Britain’s 2008 financial crisis when it collapsed.

With a rearguard of so called “Remoaner” MPs try to delay triggering Article 50 and getting Britain out of the EU, a report by thinktank Global Britain has highlighted that unnecessary delay could cost that taxpayer billions."


Why does this impact the UK?

Because just as with the collapsed economies of Greece, Hungary, Ireland, Portugal and the others, the UK, being a member of the EU has to fund many £millions as part of the overall bail out funds.

The UK has so far shelled out 100s of £millions for such bailouts all mostly caused by a failing EU strategy of trying to ply all countries with a "one size fits all" approach and making them take up the Euro.

If the UK does not BRExit quickly, taxpayers will have to fork out a share of the multi-billion-Euro bail-out.

Re: FRExit looms

The chief alcoholic himself has indeed asked for calm .....



https://www.google.co.uk/amp/s/www.e...?client=safari

The beleaguered European Commission president gave the desperate cry to members as the EU superstate dream slips from Brussels’ grasp following Britain’s momentous Brexit vote.

Terrified Mr Juncker admitted he knows European’s have a “lack of love” for the Brussels club.

His desperate plea come as Austria’s presidential favourite, Norbert Hofer, threatened to hold a referendum to cut ties with the crumbling bloc if he takes power this weekend.

Re: FRExit looms

Indeed. One reason why it is imperative that we don't prevaricate. The longer we delay, not only the more we pay the EU, but also the more chance we will be stuck with bailing out other countries. We must get on with it.

Re: FRExit looms

Oh god not again.

Ireland has one of the fastest growth rates in the EU.
The UK contributed almost nothing to bail out finds. That is one of its opt outs.

A flurry of stuff from that journal that pretends to be a newspaper called the Express (which gets articles about the size of Katie Price's boobs more accurately than any real news).

All this stuff is filtered through the UK press which is both selectively written and selectively read.
Just to make you feel better, less afraid, vindicated.

The press in EUROPE..the place where all this is supposed to happen, is the opposite.
There is a tangible feeling across Europe that it wants to work together more closely.
There will be reforms in Europe...nothing stands still and it is far better to be flexible and answer to changing times than to move backwards into some 50 year old memory of the heady days of post war Britain.
Marine LePen won't win the French election. Every time there is one the world goes wobbly at the thought. She is the bete noire of the press and is held up (and often used) as a threat to warn the other parties to behave. She is some sort of joker the public can play.
In fact the subject of the EU is way down the list of what is worrying the French and it is discussed only in context of the UK's decision.
As for Italy, this is a simple explanation:

http://www.independent.co.uk/news/bu...-a7447591.html

The issue is not about leaving EUROPE...it is about leaving the EUROZONE.
and the UK had better hope it doesn't.

"If the eurozone economy goes into another slump bought on by a fresh financial panic it will damage growth in the UK by depressing exports and hitting domestic UK business investment"

Mrs. Merkel will win the next German election because she has also put in place many programmes to help the immigrants integrate and find work. There have been few incidents since last year and Germany is an aging population.

The UK has always suffered from a myopic point of view that is not representative of what is happening in the rest of Europe.

Re: FRExit looms

Please do get your facts right.
The UK is guaranteed to get back any monies it may spend n bailouts. Another "special gift" from the EU.

https://fullfact.org/europe/will-uk-...zone-bailouts/

Re: FRExit looms

This is BS and just kidology using terminology.

If I belong to a collective, say Hastings Car Insurance then as a member I suffer directly from anything that the collective suffers from.

So if some teenage scrote crashes his car, nothing to do with me, the collective, Hastings, bails him out, i.e. pays his costs.
I may not personally have bailed him out being a member of Hastings but I sure as hell will get penalised indirectly by premium hikes and other ways.

The UK has had to help bail out other countries in the past. It paid £5bn via the EU for the bailouts of Ireland in 2010 and Portugal in 2011.

The UK did not made a contribution via the EU for the other eurozone bailouts: the three Greek ones, in 2010, 2012 and 2015 and for the Spain and Cyprus bailouts in 2012.

However . . .

The UK has made further contributions, not because it was forced to do so by the EU, but because the IMF too provided loans for some of the bailouts. The UK's share of whatever the IMF provides is around 4.5% of the total. It amounts to around €4.5bn for all seven bailout mentioned.

In addition, in 2010, the UK provided €3.9bn in bilateral bailout loans to its neighbour and important trading partner - Ireland.


Really it's just common sense. Where TF do people think the money will come from to bail out successive EU failures? Will Junker magic it out of thin air?

No. The bail-out money comes from individual bodies like the IMF and others and if you are a part of the EU club, then you have to pay your share of the subs.

Directly or indirectly the UK has paid billions to bail out EU failures and will continue to do so.

Re: FRExit looms

Wrong.

http://www.telegraph.co.uk/finance/n...-bail-out.html