I've disliked the EU ever since they started putting austerity measures in place for small member countries like Greece. It showed more than anything to me that the EU was really Germany in charge of the rest of Europe from an economic standpoint, without other member countries having a way to control their finances like any other sovereign country (e.g., print more money, go into debt, etc.).
The UK PM's last day is June 7, giving her the fifth shortest term in modern British history.
Jonathan Pie provides an obituary.
The 2017 Assembly election held last week resulted in the end of the Unionist majority in Northern Ireland. From here Unionism will continue to wither away as their predominantly older voters die and are replaced by predominantly younger Nationalist voters.
As recently as a month ago every major bank in London was predicting a recession because of the Brexit vote.
Government agencies predicted even worse.
Let's take a step back and recall how Donald Tusk, president of the European Council, warned that Brexit, “could be the beginning of the destruction of not only the EU but Western political civilization in its entirety”.
The barbarian hoards are at the gates!
The Remain camp warned us.
From Wolf Richter at Wolf Street:
Healthy big banks would get over Brexit and the political turmoil it is spawning, particularly non-UK banks. But there are no healthy big banks in Europe. And non-UK banks are crashing just as hard, and some harder. This is about a banking crisis morphing into a financial crisis.
