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The Euro: The EU Single Currency That Was Doomed To Fail

CONTENTS

EURO Single Currency struggles to stay afloat as EU members await RESCUE mission
Currency war can end global US dollar dominance & those who own gold have power
Macron and Merkel Agree Eurozone Tax Integration
Europe To Fine Google Up To 8bn Euros ($11BN) Over Abuse Of Market Dominance
Soros Demands Europe Give Africa 30 Billion Euros a Year To Stop Migrants
The End Of The Euro - It's Been 20 Years Since France Minted That First Euro Coin
Backlash From EU Member States as Brussels Bureaucrats Demand More Money To Plug Brexit Gap
Soros Demands Europe Give Africa 30 Billion Euros a Year To Stop Migrants
Spain's Government Collapses: This Is The End Of The Euro
Europe to ditch US dollar in payments for Iranian oil?
EU Euronazis Raise Demand For Brexit 'Compo' To €100 Billion.

The EURO - Europe's Single Currency Disaster

EURO Single Currency struggles to stay afloat as EU members await RESCUE mission

The European Union's single curreny, THE EURO, is struggling to stay afloat amid the turmoil in the EU after the Brexit vote, the vitories of Eurosceptic parties in the most recent Italian, Polish and Austrian elections, the success of Catalonian separatists in Spain the rise of anti EU parties in France, Germany, The Netherlands, Sweden and Finland and the opposition of Visegrad group nations, led by hungary, to Brussels' immigration policy. All this has triggered concerns among officials about whether European Central Bank's President Mario Draghi will step in and salvage the currency.

The Euro is trading today (24 July, 2018) at $1.17 against the US dollar, regressing to where it was a year ago, and is losing ground against the £ after the European Central Bank (ECB) has tried for months to hold it up against the British currency in order to undermine the UK's position in Brexit negotiations.

The ECB's directors are due to meet in Frankfurt this week for discussions on future monetary policies, with critics of current policy wanting assurances the EU's central bank will step in to rescue the falling currency.

Officials will have to address the issue of key EU interest rates in a bid to reassure investors and maintain price stability throughout the Eurozone. According to the ECB's Governing Council, stability implies holding the "year-on-year increase of in the Harmonised Index of Consumer Prices (HICP) in the Eurozone below 2 percent".

Two weeks ago, ECB President Mario Draghi announced an end to its massive bond-buying programme (responsible for proppong up the Euro against the US$ and UK£,) which saw the ECB purchase £26.76billion (€30 billion) of government and private debt, after interest rates reached a record low.

An ECB statement earlier this month announced: "The Governing Council expects the key ECB interest rates to remain at their present levels at least through the summer of 2019 and in any case for as long as necessary."

Officials have now declared borrowing with be reduced to €15billion for the last three months of 2018. The quantitative easing programme that helped the eurozone countries borrow money at low rates, was used to help return inflation rates close to the set 2 percent rate will certainly end and not be resurrected in the foreseeable future because the EU does not have any money.

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Macron and Merkel Agree Eurozone Tax Integration

gettyimages-978686598-640x480 Hausfrau Volksfuhrer Merkel and Grandmothertrucker Macron

France and Germany have agreed to introduce a single Eurozone budget and shared emergency funds for the bloc, as the brussels bureaucrats and globalist puppet leaders try to push the European Union (EU) towards deeper, globalist integration after the Brexit vote. It seems a bit futile with Merkel facing a political crisis that could bring down her government by the end of the month, but reality doesn't touch political leaders lives often.

The German Chancellor and her French counterpart, President Emmanuel Macron, met this Tuesday to finalise plans for sweeping reforms which will affect the 19 member states that joined the single currency system and use the Euro. The plans will come into force in 2021 the leaders of the Paris Berlin axis said.

“France and Germany have agreed to set up a Eurozone budget. More EU centralisation, this is not what voters want,” tweeted former UKIP leader and MEP Nigel Farage, reacting to the news Tuesday afternoon.

“We are working to make sure that the eurozone budget will be used to strengthen investment, also with the aim of strengthening [political] convergence within the eurozone,” Chancellor Merkel said ahead of the agreement.

President Macron is reported by, Deutsche Welle as saying that the budget will be a “real budget with annual revenues and spending”.

“We want Europe to find its place in a multilateral world,” added the German Chancellor, speaking of wider reforms, foreign policy, and defence.

She continued by frankly stating that they would force some EU nations to accept the expanding power of the bloc, even if member states' governments disagreed.

Are you Remainers starting to see how the EU works now and why intelligent British people got sick of being part of a glorified Franco-German empire?

First posted at Original Boggart Blog

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Currency war can end global US dollar dominance & those who own gold have power

The world is facing a currency war and the only hedge against the crash of the US dollar is real gold, a precious metal analyst has said in an interview with RT. With geopolitical power shifting from West to East, US dominance may be ending. "But isn't this just one person's opinion?" you might well ask.

In this particular instance it is, but this page has spent enough time over the past few years reporting on the coming currency war, the move by China, Russia and a group of emerging economic powers including India and Brazil, to abandon the US$ as the reserve currency for international trades to convince even the most gung ho American patriots that something is going on that cannot have a good outcome for their country.

A significant sign that the USA is no longer regarded as the ultimate safe haven is the recent rush tp repatriate physical gold from the United States. In the past twleve months nations including Germany, Turkey, France, The Netherlands, South Korea and Japan have been taking their bullion home. The reason is the Cold War is over and despite the Russiagate scaremongering of neocons and the military - industrial complex, countries don’t see Russia as a threat anymore, says Claudio Grass, an independent precious metals advisor and Mises Ambassador.

The world has been living in crisis since 2008, while a currency war started even earlier, Grass said to RT. Central banks have been creating trillions of dollars out of thin air by issuing bonds, while central banks are coordinating the debasing of currencies, he said.

None of the money printing panic measures implemented since 2008 have made a significant difference, and with sovereign debt still growing it is obvious that the systemic problems still exist. The longer economies remain reliant on debt the greater the risks become and the more fragile the global economy is. More than 65 percent of all monetary reserves in the central banking system are held in the world currency reserve, i.e. in USDollar denominated treasury bonds. Therefore, holding physical gold is definitely the best hedge against a crash of any paper currency, and therefore also against a crash of the USD.

The global economy has become boged down in a “Monopoly-Game” system or a legalised Ponzi scheme that is based on debt and financial leverage.

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Europe To Fine Google Up To 8bn Euros ($11BN) Over Abuse Of Market Dominance

It's been less than two weeks since the European Union's new GDRP data privacy rules took effect (forcing some US news sites to block European consumers outright) and already Brussels is preparing its next attack on US technology companies. According to the Financial Times, EU Competition Commissioner Margarethe Vestager, who has become possibly the most hated woman in Silicon Valley for her crusade against US tech firms, is preparing to penalize Google for "abusing its market dominance" through its Android operating system.

It won't be Google's first wire transfer to Brussles: the company has already been fined 2.4 billion euros by Vestager for "abusing its dominance in search". That case involved apparent abuses in Google's comparison-shopping service.

READ ALL >>>

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Soros Demands Europe Give Africa 30 Billion Euros a Year To Stop Migrants

African migrants are offered passages across the Mediterranean in luxury cruisel iners (Picture: Daily Mail)

Hungarian-American Marxist billionaire George Soros has called on European Union member states to give €35 billion to Africa annually for to curb the flow of migrants which he now claims could bring down the political bloc. In a U turn on his previous statements calling on Europe to accept all undocumented travellers who arrive at its borders, the billionaire now says that migration could destroy the EU

Soros, who in 2015 pushed for mass migration remarking in an interview that “our plan treats the protection of refugees as the objective and national borders as the obstacle”, and who is on record as having sworn to destroy European civilization now wants the EU to pay billions to Africa to prevent mass migration, Kronen Zeitung reports.

The billionaire, whose Open Society Foundations (OSF) has funded far-left activist groups and open borders campaigners, added that it was unlikely the EU member states would be willing to spend the money claiming it was “far beyond what the member states are willing or able to afford”.

Writing a commentary piece for German news magazine Focus, Soros said that instead the bloc should go into debt and borrow money to finance the venture saying: “The financing could be done by tapping the EU’s largely untapped credit capacity.”

It may be purely coincidence of course that Soros’ financial trading empire is in the business of lending money to governments.

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RELATED POSTS: Soros network in Brussels planning ‘Europe of mixed population’:- Orban
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The End Of The Euro - It's Been 20 Years Since France Minted That First Euro Coin

Oh dear, the European Union is having a rough time. having coerced the 80 year old Italian President to overturn the decisions of the democratically elected government, the Brussels Bureaucratic Dictatorship has plunged the EU into a far greater cisis than Brexit. This one really does pose an existential threat to the Union, and will surely sink the idea of a politically unified European Superstate.

We found watching the mayhem unfold on financial news feeds addictive today and have only assembled a collection of headlines and links through which the story can be followed.

Italy In Chaos: Country To Vote Again After President Blocks Government; "Unclear What…

Tyler Durden, Zero Hedge

… the worst possible outcome of this weekend's events in Italy, Rome finds itself on the verge of a Europe-sponsored … Recall that when we previewing the possible outcomes of Italy's government stalemate , in which president Mattarella … party. " Moments ago that's precisely what happened, when Italy's premier designate, Giuseppe Conte, 53, told reporters …

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It's Been 20 Years Since France Minted That First Euro Coin

Authored by Andrew Moran via LibertyNation.com,

On May 11, 1998, at a formal ceremony, Economy Minister Dominique Strauss-Kahn activated the mint printing press and produced its first euro coin, making France the first of 11 nations participating in the launch of the single currency to strike the money. Taking a bite out of the coin, Strauss-Kahan declared that it’s “the real thing, it’s no copy.”

At the time, the Monnaie de Paris was scheduled to mint 7.6 billion coins, or four times the weight of the Eiffel Tower, and eight different coinage denominations with a value between 0.01 and two euros. The coins maintained one national side and one European side.

Proponents scoffed at the naysayers, declaring that it would stimulate the economy and spur industrial growth that can rival that of the U.S. and Japan.

It has been 20 years since there was a lot of hope and promise that a euro banknote and coin would lead to prosperity, savings, and fiscal responsibility. Like a child’s dream of becoming an astronaut when he’s older, the European elite’s aims have not been realized. Twenty years later, the eurozone economy is running on a treadmill, subzero interest rates are the norm, and budget deficits are ubiquitous.

It has also been about a decade since the global financial crisis. Has Europe recovered? Debt is skyrocketing, deficits are not winding down, and quantitative easing persists.

Explain again why any nation wants to stay on a sinking ship... No wonder why half of Europeans hold an unfavorable view of the EU.

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Reasons Why European Banks Are In Trouble

Authored by Philipp Bagus via The Mises Institute,

While the euro crisis seems far away as all Eurozone countries ran government deficits below 3 percent of GDP, there is one problem for the euro that quietly keeps growing: the unresolved banking crisis. And this is not a small problem.

The Eurosystems´and euro banks´ balance sheets totaled €30 trillion in January 2018, that is about 291 percent of GDP. European banks are in trouble for several reasons.

First, banking regulation has become tighter after the financial crisis. As a consequence regulatory and compliance costs have rise substantially. Today banks have to fulfill demands by national authorities, the European Banking Authority, the Single Supervisory Mechanism, the European Securities and Markets Authority and the national central banks. Being at a staggering 4% of total revenue currently, compliance costs are expected to rise to 10% of total revenue until 2022.

Second, there are risks hidden in banks´ balance sheets. That there is something fishy in European banks´assets can quickly be detected when comparing banks market capitalization with their book value. Most European banks have price-to-book ratios below 1. German Commerzbank´s price-to-book ratio stands at 0.49, Deutsche Bank´s is at 0.36, Italian UniCredit´s at 0.23, Greek Piraeus Bank at 0.14, and Greek Alpha Bank at 0.34.

With a price-to-book ratio below 1, buying a bank at the current prices and liquidating its assets at book value, an investor could make profits. Why are investors not doing that? Simply, because they do not believe in the book value of the banks´assets. Assets are too optimistically valued in the eyes of market participants. Considering that the equity ratio (equity divided by balance sheet total) of the Euro banking sector is at only 8.3%, a down valuation of assets could quickly evaporate equity.

READ ALL >>>

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Backlash From EU Member States as Brussels Bureaucrats Demand More Money To Plug Brexit Gap

Europe burning money

European Union governments reacted angrily to demands from Brussels for more money in contributions to fill the hole in EU finances that will be made by Britain's leaving. In the first EU budget proposal since Britain voted to leave, the European Commission on Wednesday tabled demands for an increase in spending commitments to £1.13 trillion over seven years from 2021. The current budget is about £955 billion.

Leaders of the wealthier EU nations in north west Europe expressed with disbelief at the plans drawn up by the EU’s administrators to increase spending despite the loss of around £13 billion a year from Britain. Meanwhile, leaders of the Visegrad group of east European states look set for a prolonged battle of wills over a proposed 'rule of law' test tied to cash subsidies, which will force governments to accept EU directives that are not in their interests.

The spending plans include vanity projects, buying political influence and a crazu £616 million birthday giveaway in free train tickets for 18-year-olds to travel round the EU and feel more European. Jean-Claude Juncker the president of the commission, showing his usual comtempt for democracy, dismissed the leaders’ anger. "It is normal that prime ministers, without knowing the intricate details of our proposals react in such a way, they always do," he said at a Brussels press conference.

"A smaller EU as a result of Brexit should also mean a smaller budget," said Mark Rutte, Prime

Lars Rasmussen, Prime Minister of Denmark, said: "The European Commission just presented an EU Budget the size of 28 member states but we are only 27 member states to finance it."

"After Brexit, our aim must be for the EU to be slimmer, more economical and more efficient," tweeted Sebastian Kurz, the chancellor of Austria.

These three countries are all net contributors to the budget, meaning they pay more in than they receive back in EU funding. Britain is currently the second largest net contributor to Brussels’ coffers and Germany the largest. Excepting the three menyioned above there are no other member states which pat in more than they take out.

Return to Contents RELATED POSTS:

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Russia Responds To Threats From EU's Juncker With Typical Bluntness


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Russia Responds To Threats From EU's Juncker With Typical Bluntness

When E U Commission President, Jean Claude Juncker recently called for a unified European Army his words were aimed at "reacting credibly to show Russia that Europe is serious about defending its values" Not surprisingly Russia has responded Juncker's hot air in a manner which suggests they are amused byhis bluster but regard the threats with contempt.

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Soros Demands Europe Give Africa 30 Billion Euros a Year To Stop Migrants

African migrants are offered passages across the Mediterranean in luxury cruisel iners (Picture: Daily Mail)
Hungarian-American Marxist billionaire George Soros has called on European Union member states to give €35 billion to Africa annually for to curb the flow of migrants which he now claims could bring down the political bloc. In a U turn on his previous statements calling on Europe to accept all undocumented travellers who arrive at its borders, the billionaire now says that migration could destroy the EU Soros, who in 2015 pushed for mass migration remarking in an interview that “our plan treats the protection of refugees as the objective and national borders as the obstacle”, and who is on record as having sworn to destroy European civilization now wants the EU to pay billions to Africa to prevent mass migration, Kronen Zeitung reports. The billionaire, whose Open Society Foundations (OSF) has funded far-left activist groups and open borders campaigners, added that it was unlikely the EU member states would be willing to spend the money claiming it was “far beyond what the member states are willing or able to afford”. Writing a commentary piece for German news magazine Focus, Soros said that instead the bloc should go into debt and borrow money to finance the venture saying: “The financing could be done by tapping the EU’s largely untapped credit capacity.” It may be purely coincidence of course that Soros’ financial trading empire is in the business of lending money to governments.

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RELATED POSTS: Soros network in Brussels planning ‘Europe of mixed population’:- Orban
S

Spain's Government Collapses: This Is The End Of The Euro

the daily stirrer
Image source: www.andydavey.com/

The Spanish government, a fragie coalition at its inception, loks set to collapse in the next few weeks as the Ciudadanos party has broken ranks and thrown in its lot with the opposition group, PSOE (socialist) and Podemos in a non-confidence vote against PM Rajoy. After months of strife following a vote by citizens of the most prosperous province, Catalona, to secede from the nation, which prompted a fascistic response from Rajoy's government as it persecuted Catalan politicians, jailing some and causing others to flee the country, this can only mean Spain has taken a giant step towards disintegration.

The Spanish political crisis is inextricably linked to the pending conflict betwen the new Eurosceptic Italian government and Brussels, not simply because the nations are culturally and economically so alike, but because both, having been coerced into joining the signle currency, now combine to create huge financial uncertainty in the eurozone.

Sometimes a crisis in needed to make people see that the emperor, strutting around in all his pomp and glory, is not just stark bollock naked, but also is afflicted with several disfiguring diseases.

Both countries, though Italy perhaps more than Spain, would by now have experienced total economic collapse had the European Central Bank (ECB) not propped up their economies bu mortgaging Europe's future. In essence, the ECB's Mario Draghi is buying up trillions in sovereign bonds to disguise the fact that the present economic condition of the Eurozone makes it inevitable that the poorer south of Europe will lose against the north.

Club Med as the poorer nations are known (or less politely PIGS, Portugal, Italy, Spain, Greece) needs a mechanism for devaluing their currencies from time to time to keep up in order to reduce the burden of interest due on Sovereign Bonds. Signing up for the euro meant they lost that sovereign right, their economies are now tied to the German economic powerhouse, and the single currency itself doesn’t provide a way out. The euro has become a liability to the poor nations, but if we did a bit deeper beneath the headline figures, it’s also a drain on Germany, which, one Britain leaves, will be the only net contributor to the EU budget and thus is forced to either bail out Italy and Spain or crush them the way Greece, Portugal and Ireland have been crushed and are now little more that client sttes of the Brussels bureaucratic empire.

Italy and Spain are much larger economies than Greece, Portugal or Ireland, and therefore present much biggr problems, which are about to become infinitely more painful than had those countries been able to devalue their currencies.

The main fault of the euro, it is that: it creates problems that would not have existed if the common currency itself didn’t. This was inevitable from the get-go. The fatal flaw was baked into the cake.

The common currency has been rendered obsolete by technology, in 2018, people have no need of banks or exchange bureaus to exchange their dollars, krone, pounds, or yen, we can either pay in plastic or get some local currency out of an ATM. All this could be done at automatically adjusting exchange rates without the use of all sorts of middlemen that existed when the euro was introduced.

Americans, Australians and travellers from non Eurozone European nations such as Britain or Sweden visiting Europe already use this exact same system and it would work just as seamlessly for Francs, Deutschmarks, Peseta or Lira. Governments could easily agree rules that make it impossible for banks and credit card companies to charge more than, say, 0.5%, on currency exchange transactions. Nations do not need a body like the European Union in order to make deals with each other.

Technology has eradicated the reason for the euro's existence, but the euro is here to stay because the real but unspoken reason it was created was to ease the path for integrating the EU member states into a single political entity. It is therefore going to cause a lot more pain and mayhem before it collapses because Europe's bureaucratic elite are not going to give up their dream or a pan European empire easily. Any country that even thinks about leaving the system will be punished hard, even if leaving is the only was to prevent that nation sinking into third world poverty.

So many carers have been built of fulfilling the dream of a single European superstate run by unelected bureaucrats, so much has invested in it, and the richer nations and their banks still benefit hugely from the problems poorer ones face. The countries that got it right were Britain and Sweden, both of which more than met the conditions for single currency membership but decided to stay out of the eurozone. Italy, Spain, Portugal and Greece did not meet the conditions but through creative accounting and bullying in brussels were forced in, with disastrous results for all.

If, however, anyone want to take out a bet on who’s going to be worse off when the euro whip comes down, post Brexit Britain or for instance Italy, Spain or France?

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Europe to ditch US dollar in payments for Iranian oil?

death of the petrodollar

Whisper it very quietly. The European Union is planning to switch payments to the euro for its oil purchases from Iran, eliminating US dollar transactions, a diplomatic source told Russian news agency RIA Novosti. If this is true the move should come as no surprise as this blog reported in 2016 that as a result of Russian and Chinese efforts to set up an alternative to the US dollar as the medium of exchange for bilateral trades, the EU was among many parties expressing willingness to use the new system.

Brussels has recently been at odds with Washington over the US withdrawal from the Iran nuclear deal, signed by the Obama Administration. President Donald Trump, badly advised by the State Deptartment and The Pentagon, has moved to re-impose sanctions against the Iran. According to many well informed sources the US action is in preparation for a regime change campaign against Iran. The EU may be displaying atypical sanity by indicating it wants nothing to do with such adventures after the debalces in Afghanistan, Iraq, Libys, Ukraine and Syria.

Earlier this week, EU foreign policy chief Federica Mogherini revealed that the foreign ministers of the UK, France, Germany, and Iran had agreed to work out practical solutions in response to Washington’s move. The bloc is reportedly planning to maintain and deepen economic ties with Iran, which will include increased trade in oil and gas supplies.

Mogherini said the sides should work together on removing sanctions as part of the historic nuclear deal. “We're not naive and know it will be difficult for all sides,” she said.

The lifting of international sanctions two years ago allowed Iran to sell its oil in the world’s markets for the first time in nearly four decades. Since then, Tehran has managed to significantly increase its exports of crude although the bulk of its oild trade remains with China and other non aligned nations.

Oil is pegged to the US dollar on international markets however, making it difficult for Iran’s partners to make payments for crude and for Tehran to receive them. With the dollar playing the leading role on international financial markets, re-imposing sanctions would mean cutting Iran off from the global financial system. This is where China's new petro - yuan trading system on the Shanghai commodities market becomes a game changer. Nations are no longer dependent on US approval for their trades.

Dozens of contracts signed between European businesses and the Islamic Republic could be at risk of cancellation if Brussels obeys Washington’s reimposition of sanctions. This would damage Iran’s economy and European firms would lose a huge market in the Middle East. Switching to alternative settlement currencies allows both sides to continue trading despite US sanctions.

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EU Euronazis Raise Demand For Brexit 'Compo' To €100 Billion.

Tensions between the UK and Europe escalated overnight after EU negotiators increased their demand for compensation from Britain's for the anticipated effects of Brexit to €100 billion, (You can imagine Juncker and Barnier, dressed in Mao suits, sticking little fingers in the corner of their mouth and in silly voices intoning "One - hundred - billion - Euros.) This latest attempt to bully Britain has only served to widen the divide between Brussels and London. Angered by the stupidity and arrogance of the Brussels bureaucrats, British negotiators questioned whether the country should agree to pay anything at all.

Coming before Brexit talks start next month and only hours before chief negotiator Michel Barnier was due to give more details on the EU's standpoint,drawing an immediate rejection from Britain's Brexit Secretary David Davis of the notion that Britain must pay to leave the corrupt, failing European Union. The Financial Times reported the EU was planning to ask for an upfront payment in 2019 of up to €100 billion before a Brexit deal could be agreed. Barnier hinted that the demand could be enforced through the European Court of Justice.

The European Commission had initially mentioned a severance fee of about €60 billion but the FT said the calculations it referred to would result in a net payment from Britain of roughly that level, after subsequent reimbursements. One senior EU official involved in preparing for the talks after a British election on June 8 said he did not recognize the 100-billion-euro figure, although a number of private calculations of the bill have gone as high or even higher.

Last month, the Bruegel think-tank in Brussels put the up-front payment for Britain as high as €109 billion. Later reimbursement would reduce the net figure to €65 billion, the study showed.

Shortly after the FT story broke, UK government Brexit Secretary Davis said Britain will not be paying a €100BN Brexit bill, and would have no obligation to pay any Brexit bill if it leaves the EU without a deal. Davis told BBC Radio 4’s “Today” program, “nobody is looking for that outcome, [ ... ] the simple truth is that when we leave we’ll go outside the jurisdiction of the European Court of Justice."

He then summarized the overnight media reports by saying “what you’re seeing is the tough early stages of the negotiation."

Meanwhile, over the past month, the 27 other EU member states have drafted negotiating guidelines for the executive Commission that leaders agreed on Saturday. In the course of drafting, governments insisted on clarifying that Britain be made to pay up front for, among other things, contingent liabilities for guarantees on loans made by, for example, the European Investment Bank.

To summarise, what this belligerent, bullying attitude from EU officials means is that without Britain's financial contribution the EU is effectively insolvent, and once taxpayers in Germany get wind that the burden of propping up twenty six economic basket cases will fall entirely on them, they might just rebel and elect an anti EU government later this year.

As Bloomberg notes, reports added to the already fractious public atmosphere surrounding the talks folloed leaked details of a dinner meeting between May and European Commission President Jean-Claude Juncker, which alleged the latter was shocked by the Prime Minister’s resolute approach and refusal to defer to the European Commission's Piss-artist-in-chief, Monsieur Drunkard.

May vowed on Tuesday she wouldn’t be pushed about, saying that Juncker is learning she can be “bloody difficult.” While that may not bode well for the coming negotiations, it is likely to boost May’s support as she seeks a mandate in June's General Election to get us out and then dictate terms to the EU, as Italy, France, The Netherlands and several smaller member states are dissastisfied with the wastful, incompetend bureaucracy in Brussels and its obsession with political integration.

The neo - Nazi mindset of EU negotioators revealed over recent days confirms the EU’s leadership default position is to punish member states that do not conform. There seems to be a belief, emanating from Germany and its close allies that Britons can be cowed into apologising for their temerity at even daring to think we could leave Europe. The goal is obviously to bring us back crawling to Brussels in supplication for re-admittance?

In response to that we should send back a simple message, "Two World Wars and one World Cup.

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The Day The EU Died - Destruction Of Greece Shows True Fascist Nature Of The European Project Some inside information on the political stitch up that has turned GreeThe Day The EU Died - Destruction Of Greece Shows True Fascist Nature Of The European Projectce into a vassal state and humiliated the Greek people for the purpose of furthering the neo-Fascist 'ever closer union' agenda of the bureaucratic dictators in Brussels.

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David Cameron Blames Madness Of Bussels Red Tape For Euro Crisis

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Four EU Member Nations Have Agreed To Destroy European Civilisation

It will now become much easier for 'refugees' from Africa to seek asylum in Europe, according to a new agreement between four western European countries and Egypt, Chad and Niger. That Africal leaders are being invited to negotiate arrangement with the largest EU nations when representatives of smaller EU member states are excluded demonstates the comtempt Europe's leaders have for democracy. Britain 'will join euro before long’, says German finance ministerWolfgang Schauble, German finance minisdter has been saying Britain will have to join the doomed single currency system, the Euro, sooner that people imagine. See below exactly what the one world supernation are up to. Also: [">Daily Stirrer, Nov 2011] ... [Debt Crisis ]

Slovakia Rebels Against The Euro Juggernaut
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Are We Sacrificing The Future To Save The Euro Is it really worth sacrificing the euro to save the future as our leaders seem to believe. Or is there another agenda in which us ordinary punters were never going to have a future anyway?

German Vote To Support Bail Out Fund Changes Nothing
Germany's Bundestag has voted overwhelmingly to boost the scope of the EU's rescue fund but implicitly capped its firepower at €440bn, leaving it no clearer whether Europe has the means to halt debt contagion to Italy and Spain. The vote in the Bundestag had been hailed as the make or break moment for the European Monetary System as sovereign debt in the weaker economies that use the Euro threatened to tear apart EU Leader Gives Germany An Ultimaturm: Act Now To Save The Euro
The president of the European Commission and leading proponent of a single global government, Jose Manuel Barroso, issued a stark warning to Germany yesterday that eurobonds could be the price of preventing a break-up of the single currency. Addressing the European Parliament, Mr Barroso said the Commission will "soon present options" for the introduction of a common European debt union ...

EU Leaders In Denial As World Prepares For Greek Default
We are approaching end-game. Greece is supposed to pay off its next tranche of debts on 17 October, and the markets are now expecting what this blog has long predicted: a large-scale ...

Germany Rebels German taxpayers have rebelled against bail outs for basket case nations. Will Frau Merkel dump the Euro or will her government coalition fall? " Germany And Holland Push Greece To The Brink
As we predicted last week elected representatives of the people of Germany and Holland have promised they will block further bail out payments to keep Greece's stricken economy afloat unless the basket case country complies to the letter with the terms of austerity conditions imposed on them. As the spendthrift Greek government does not understand the meaning of phrases like fiscal controls, this latest setback for ...

Eurogeddon Postponed Termporarily Due To Financal Conjuring Tricks
The Daily Stirrer brings you opinion and comment on issues in the news that are likely to affect the lives of ordinary people. We therefore focus on economic matters, prices and inflation, jobs and unemployment, health, diet, education and social comment. Our contributors are old gits who are prepared to say what everybody is thinking.
Below our finance expert John de Roe analyses the latest bureaucratic scam that claims to have saved the European single currency but in reality is only another attempt to scam German taxpayers.

EU To Reform Disastrous Fisheries Policy? Those Eurowankers the European Commission policy committee on agriculture and fisheries, almost wiped out fish stocks around Britain and the northerly coasts of Europe with their gobsmackingly idiotic conservation policy of imposing quotas on fish landed, thus forcing trawler operators to throw back into the water fish that ...read full story

The Eurozone Financial Crisis Made Simple
Completely predictably the leaders of Eurozone's solvent nations have cobbled together a deal to save the beleaguered Greek economy from defaulting on its debts. Predicable because firstly if Greece had been allowed to default and quietly leave the single currency scheme as it should have been, then Ireland, Portugal and probably Italy, Spain and Belgium would have followed in
Finland Election Result May Hit Bailouts For Europe's Basket Case Nations
The next stage in negotiating Portugal's bailout by the EU (aka Greater Germany) start today, but are already in trouble. A strong election performance from an anti-europe party in Finland, the True Finns which has pledged to vote against financial aid to bankrupt EU nations, means whatever bailout deal in agreed could be vetoed by Finland ... read full story

It's The Sovereignty, Stupid.
The Daily Stirrer brings you opinion and comment on issues in the news that are likely to affect the lives of ordinary people. TODAY: President Bill Clinton swung the 1992 presidential election campaign in his favour when his chief political strategist, James Carville, hung a sign in the Clinton campaign HQ that read, “ It's The Economy Stupid”. Yesterday as the German economy boomed voters sent Angela Merkel a different message ... read full story


. Read how the new democratically unelected EU President pland to re - introduce measures the French and Dutch referenda rejected and Rompuy Pumpy plans to ...

The EU Turns On Czech President
I usually don't have much time for Daniel Hannan but he is increasdingly becoming the only English voice willing to speak out against the bureaucratuic tyranny that is strangling Europe. As a classical liberal myself, socially liberal and economically a supporter of trade and enterprise so long as it

16 July 2009 Blair Must Be Stopped Now - He Is Not Fit To Be EU President.
At Little Nicky Machiavelli's blog my alter ego never likes to say I told you so, he absolutely loves it. A long time ago Little Nicky told his readers the traitor and war criminal Tony Blair was angling to be the first President of the Federal European Superstate. "Oh no, Little Nicky, people said, you've got Blair all wrong. Well today it was announced that providing the Irish voters can be bullied into ...read full story

Eurozone Small Nations Sovereignty Threatened By Debt
Eurozone debtor nations face sovereignty issues caused by the bail out as the Euro fails.

Britain Should Rejoin EFTA
A new study by Hugo van Randwyck concludes that, if Britain were to leave the EU and rejoin the European Free Trade Association, a million new net jobs would be created. The boost would come mainly from the deregulation – EFTA states are exempt from around 70 per cent of EU directives – but there…

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