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18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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Merkel and Co. Take a Hard Line Stance Against Great Britain Post BREXIT

The totalitarian regime of the unelected EU, led by Germany (surprise, surprise) are taking a hardline against the UK, post BREXIT. They’re pissed at Cameron for allowing the people of Britain to vote on a referendum to leave the EU. And now they’re menacing them with economic punishment, chiding the UK to not ‘delude’ themselves into thinking it will be a seemless transition out of the EU. Merkel and co. intend to make it hard on the people of the U.K.

“There shouldn’t be the slightest misunderstanding about the conditions laid out in the European treaties for a case like this,” Merkel said in a speech to Germany’s parliament in Berlin on Tuesday. “My only advice to our British friends is: Don’t delude yourself about the necessary decisions that need to be taken.”

Merkel won applause from German lawmakers as she laid out her approach to the two-day summit of EU leaders in Brussels that will be dominated by Brexit and the political and economic fallout reverberating across Europe. As she spoke, a taste of things to come was on show in the European Parliament, where United Kingdom Independence Party leader Nigel Farage clashed with European Commission President Jean-Claude Juncker.

“Why are you here?” Juncker demanded, as he turned to look at the leading “Leave” campaigner. Farage hailed the result of last week’s vote as “seismic,” saying the U.K. “will not be the last member state to leave the European Union.”

“We will ensure the cherry-picking principle won’t apply in the negotiations,” Merkel said. “There must be — and there will be — a palpable difference between a country that wants to be part of the European Union and one that doesn’t.”

“The rest of the EU feel they bent over backwards to accommodate Cameron over the last months and he launched this reckless referendum and lost it, so the other EU states are in no mood to do him any favors,” said Mark Leonard, director of the European Council on Foreign Relations. “We don’t know how long he is going to be prime minister for, when a new government could begin to negotiate terms.”

In other news, the EU is forming an army, which will be spearheaded by (you guessed it) Germany.

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6 comments

  1. roundwego

    Shorting the rip. Adding vxz.

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  2. fryguy15

    Damn nazis!

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  3. btn

    A German Army dominating the Continent and railing against Britain? Well, I’m sure if we let them have their way for now, they’ll be appeased and surely won’t push for more….

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  4. ottnott

    No, the EU isn’t forming an army.

    The point made in the article is that Britain, in leaving the EU, gave up the veto all member countries had over such a step.

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    • btn

      “No, the EU isn’t forming an army.”

      I think everyone knows that.

      The US has significant sway over NATO because of it’s oversized military. If the EU formed it’s own Army, then that would significantly weaken NATO’s political power, and by token, the US’s regional political power. The US would probably say, “Fine, defend yourselves” and withdraw some of it’s continental forces in response.

      In other words, NATO will stay as the major regional power, regardless of the status of the EU, unless the EU wants to take on the full costs of defending itself.

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      • ottnott

        I think everyone knows that

        What “everyone knows” is subject to change by sustained efforts by plutocrat-run media, talk radio, ideological web sites, etc.

        If the EU formed it’s own Army, then that would significantly weaken NATO’s political power, and by token, the US’s regional political power. The US would probably say

        Even before the US weighs in, there are two big hurdles.

        The first is that there is a very large overlap between EU members and NATO members. The two organizations already cooperate on security/military matters, and even have an agreement in which NATO’s assets and capabilities can be used to support EU operations that don’t involved the whole of NATO. An independent EU army would not only be an expensive redundancy, but also would be a security threat to NATO in that it could drag NATO into an EU conflict.

        The second hurdle is that EU members aren’t going to agree to formation of an EU army. Some won’t want the expense. Some will put NATO interests above EU interests. Some won’t like the idea of giving Germany (or Germany and France) an army to play with. It doesn’t really matter why some members will object: it only takes one veto, and there is zero indication that EU members are approaching a consensus in favor of an EU army.

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