The EU is phooked...

[The Bedlington Terrier]

The pound will bounce through the roof once Boris is back in Downing Street...

https://www.gatestoneinstitute.org/1...-euro-collapse

[sinkov]

" The EU’s top science chief Mauro Ferrari explains to the FT why he’s resigned his post."

"I have been extremely disappointed by the European response to Covid-19. I arrived at the [European Research Council] a fervent supporter of the EU [but] the Covid-19 crisis completely changed my views, though the ideals of international collaboration I continue to support with enthusiasm.’

Like they do, the rats are deserting the sinking ship.

[The Bedlington Terrier]

And my number one Anti-hero the Orange Buffoon has told the WHO to go and make themselves pregnant.

He's gone up a fair few notches in my opinion I can tell you.

The utter bollox coming out of China needed a response and OMG did Trump give them one!

[sinkov]

Fighting like rats in a sack.

"Rift fears as eurozone bailout fund is sunk".

"The eurozone’s emergency plan to fight Covid-19 has unravelled within days. Italy’s prime minister has rejected the central element of the €540bn (£470bn) package as a “trap”. No Italian leader in the current febrile mood could accept it and survive for long. The country’s parliament would in any case reject the terms. The minimalist array of loans – unwisely sold by Eurogroup finance ministers last week as a historic breakthrough – scarcely moves the macroeconomic needle. “The deal is an admission of European inadequacy,” said professor Adam Tooze, of Columbia University. The plan eschews joint debt issuance and amounts to extra debt foisted on states already at the outer boundaries of debt sustainability, pushing them further into a “bad equilibrium”. Jean-Paul Fitoussi, of Science Po in Paris, says the package amounts to “collective suicide” in the face of a colossal economic shock that demands a complete shift of gears. “If there is no real mutualisation of debt, we will either slide further underwater, or take the inevitable politically incorrect step and say, ‘Enough is enough, let’s get out’,” he said.

Above all, it misjudges the simmering anger in Italy. The mayor of Stazzema in Tuscany has written to German chancellor Angela Merkel with a pointed reference to “history” and more than a hint of emotional blackmail. “The next victim of Covid-19 will be Europe unless there is more solidarity between states,” he said. Whatever artificial unity was achieved – or claimed – after last week’s tense marathon sessions did not last long. Giuseppe Conte, Italy’s premier, has in effect repudiated the deal agreed by his own finance minister and is again vowing that his country will never accept the EU bailout fund (ESM). The fund is the core component of the package. But it is also toxic in Italy, widely deemed to be a tool of coercion and a Trojan Horse for a Troika regime under EU commissars. In a fiery speech over the weekend, Mr Conte vowed to block next week’s video-summit of European leaders unless they agree to the huge step of debt mutualisation, a constitutional change in the nature of the European project. “We will fight for eurobonds,” he said. “The ESM is a totally inadequate and improper instrument for the emergency we are facing."

[The Bedlington Terrier]

Read the thread title again. One simply did not need to be a rocket scientist to see the EU was falling into terminal decay, did one?

COVID-19 has just administered the last rites. So long suckers!

[1959_60]

I think there will be many individual countries that will suffer more than EU members, maybe even us?

If it takes off in India, Africa etc then they will be in a mess.

No winners here.

[sinkov]

I think there will be many individual countries that will suffer more than EU members, maybe even us?

Of course we'll all suffer 59, but we have the 5th largest economy in the world, and a floating currency, our destiny is in our own hands. Italy, Spain, Greece and Portugal are all trapped in the Eurozone and their fate will be decided in Berlin and Brussels by politicians whose interests are the protection of the German economy and the survival of the Grand European Federalist Project. Good luck to our southern European friends with that one, but I know which country I'd rather be in.

[The Bedlington Terrier]

Of course we'll all suffer 59, but we have the 5th largest economy in the world, and a floating currency, our destiny is in our own hands. Italy, Spain, Greece and Portugal are all trapped in the Eurozone and their fate will be decided in Berlin and Brussels by politicians whose interests are the protection of the German economy and the survival of the Grand European Federalist Project. Good luck to our southern European friends with that one, but I know which country I'd rather be in.

Me too sinkov! And please stop flogging the EU dead horse 59er, and get that whale vomit weighed in while you are at it.? Pies and pints all round if I recall correctly?

[sinkov]

I noticed the last question on today's Muppet Show BT, a Remoaner journo saying we'd surely have to extend the transition period. They still haven't given up clinging to their comfort blanket, I'm sure many of them still think we won't be leaving, it's all a bad dream. Mr Sunak, bless him, didn't indulge him but put him straight, we're out, we're in a transition period and that ends on December 31st. Simple as.

Maybe this cretin thinks we've blown that much money recently that another £19 billion to the EU is neither here nor there for another year of adopting their directives and regulations, and at the end of which we still won't have a free trade deal. So what the's point ?

[The Bedlington Terrier]

I noticed the last question on today's Muppet Show BT, a Remoaner journo saying we'd surely have to extend the transition period. They still haven't given up clinging to their comfort blanket, I'm sure many of them still think we won't be leaving, it's all a bad dream. Mr Sunak, bless him, didn't indulge him but put him straight, we're out, we're in a transition period and that ends on December 31st. Simple as.

Maybe this cretin thinks we've blown that much money recently that another £19 billion to the EU is neither here nor there for another year of adopting their directives and regulations, and at the end of which we still won't have a free trade deal. So what the's point ?

As you well know sinkov, I’m just a normal British working-class sort of bloke who likes nothing more than occasionally purchasing a cheap airplane fare and heading off towards southern Europe with my wife to take up a bit of sunshine and drink my own body weight in readily available, cheap alcohol.

The UK leaving the EU was always going to put a bit of a dampener on these types of sojourns, but the coronavirus has seen the outbreak of inter-European warfare not witnessed since Hitler and Mussolini were in their heyday.

Holland, Germany and France at the outbreak of COVID-19 closed their borders and left Spain, Italy and Portugal to the mercies of the pandemic.

It’s a pity Boris won’t be at the top table in Brussels to help resolve the unavoidable North/South Europe fallout in a post-coronavirus world. Remind me of the thread title again?