Rebellion Against EU Authoritarianism Escalates As 8th Member Nation Threatens Referendum
by Ian R Thorpe, 27 June, 2016
As we predicted Brexit has turned out to be the one dominoe that needs to be knocked down to start the rest falling. Even before the Brexit result was known, an Ipsos Mori showed a majority in France and Italy want their own IN / OUT referendum of EU membership Bloomberg have kindly produced this graph showing public attitides to the European Union across the free trade area turned bureaucratic dictatorship:
Chart showing support in major EU nations for a vote on continuing membership
Bloomberg via Zero Hedge
Meanwhile, over 40% of Swedes, Poles, and Belgians are in the same boat.
The problem is, as Martin Armstrong notes, Brussels went too far, they crossed the line in moving from an economic union to a political pan - European political empire. In the end it was a race as to which member state would quit first, Britain, Natherlands, Denmark or Italy. In the event it is Britain.
However only three days after the result of the British vote was announced, eight more countries have declared they want to hold referendums on whether to exit the EU. France, Holland, Italy, Austria, Finland, Hungary, Portugal, and Slovakia all could leave if the figures shown in the chart were borne out in an actual vote.
With the approval rating of France's President Hollande standing at about 11%, and Merkel lucky she is not tarred & feathered by German voters after the debacle of her 'open doors' immigration policy, while AfD has become a significant political movement in Germany, in france the Front National leader Marine Le Pen has pledged to hold a French referendum if she is elected in next year's presidential election. Hollande rejected Le Pen's call for a refendum today during their meeting; prompting the following from the leader of the National Front party:
"We will see at the presidential election (next year) which candidates commit to organize a referendum.
You know I am one of those because for the past four years now I've said that six months after being elected, I would organize a referendum on the exit (of France) from the European Union, and that I would use these six months to negotiate with the European Union its transformation into a Europe of the nations, giving back to the French people four essential elements from its sovereignty: territorial, economic, monetary-budgetary and legislative."
Therefore, if LePen, who currently holds a comfortable lead in opinion polls, emerges victorious in next year’s presidential elections, that means the next major player in the EU after Germany would leave and the EU would effectively be finished.
The arrogance of the European Union's senior bureaucrats was illustrated in the high handed way they dismissed as irrelevant the event that led this civil rebellion againt the so called European Project, the plan to unite all member states and some new recruits politically and economically in a Federal European Superstate. Two months ago Dutch voters overwhelmingly rejected a Ukraine-European Union association treaty.
Angela Merkel’s Germany now faces having to pay an extra 3 billion euros a year to the annual EU budget once Britain leaves.
This alone is prompting German government officials to propose that Britain is offered “constructive exit negotiations” to keep their dues coming in. Some are now talking about a quasi-membership for the UK calling it an “associated partner country” to keep the money flowing.
Yet the French government are taking the view that it would be paradoxical if Britain could retain privileges after the withdrawal from the EU. French Banks are apparently preparing to shift part of its employees in London to the continent. They obviously fail to grasp that it is European continental banks that are on the brink of collapse – not British.
Italian ministers warned on Saturday that the European Union MUST change course or risk total collapse after Britain’s vote to leave the bloc. The Italian Finance Minister Pier Carlo Padoan said. “A double reaction to Brexit is under way, one financial, one political. The financial one, at least until now, is limited. I am more worried about the political one.”
Confidence in Europe’s banks is faltering badly. I believe faith in the ECB’s capacity to hold the banks and securities markets together is waning.