17 July 2016
Brexit, terror in Nice, an attempted coup in Turkey: developments follow one on another so rapidly that you could almost forget that there’s also still a refugee crisis. Newly-published statistics from the European Commission and answers to questions from the European Parliament from the responsible Commissioner which tell us nothing show that there remain tens of thousands of people without adequate reception facilities, or with no accommodation at all, amongst whom are thousands of unaccompanied minors. Things are not going well, especially in Italy.
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10 July 2016
In the aftermath of the Brexit referendum, the EU is creaking at the joints. Support for it is crumbling away. And what are the banks doing? Engaging former president of the European Commission Jose Barroso as the new man at Goldman Sachs. At the same time a ‘top economist’ from Deutsche Bank is implying that the EU tax payer will have to fork out €150 billion to rescue the Italian banks, or the crisis will threaten to spill over to the rest of Europe. How dare they? For the banks it’s apparently ‘business as usual’, but they must have reckoned without the popular fury which is rising to boiling point in almost every member state and which could lead, if things continue in this way, to the end of this European Union.
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3 July 2016
In the spring the Finnish parliament debated giving up the euro and returning to the Markka. Originally it appeared that the Finns might hold a referendum on the issue this autumn, but since then it turns out that even the extreme right ‘True Finns’ party would rather wait to see what the consequences of Brexit will be for the UK and have ruled out a referendum being held this year. So it seems Finland’s speedy withdrawal from the eurozone is off the agenda, but the euro remains nevertheless a shaky project and the Finance Ministers of the countries which use it, presided over by the Netherlands’ own Jeroen Dijsselbloem, would do well to be better prepared for the eurozone’s disintegration than the British were for a possible Brexit.
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