British MPs have voted for a delay in the Brexit process for three months or more, after struggling to agree on what terms the UK should leave the European Union on 29 March. You might think, after months of division, infighting and uncertainty that surely, surely, this means everything will go smoothly from here. Well…… Read more.
European Union
EU Calling Greece’s Bluff … Finally
Greek banks and the stock exchange will be shut on Monday after creditors refused to extend the country’s bailout and savers queued to withdraw cash, taking Athens’ standoff with the European Union and the International Monetary Fund to a dangerous new level… In the early hours of Saturday, Tspiras asked for extra time to enable… Read more.
Predictions about Eurozone Disintegration Have Been Greatly Exaggerated
Nobody can blame Jose Manuel Barrasso, president of the European Commission, for gloating on Tuesday’s edition of Charlie Rose as follows: [Despite predictions about disintegration of the EU] all the steps [taken since the global financial crisis of 2008] have been for more integration, more integrated governance… All of the doomsayers were wrong… People want… Read more.
EU: Britain Trying to Have Its Cake and Eat It Too
Public disillusionment in Britain with the European Union is such that Prime Minister David Cameron felt compelled last Wednesday to pledge to hold an “in-out referendum” on UK membership if he is re-elected in 2015. The next Conservative manifesto in 2015 will ask for a mandate from the British people for a Conservative government to… Read more.
Forget the euro, the EU itself is falling apart
Last week news organizations and financial markets were reacting like chickens with their heads cut off to efforts by the European Union to deal with its current debt crisis and put in place measures to prevent another one. At the end of this EU summit on Friday news reports and financial analyses indicated that the… Read more.