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| Britain |
| Spengler misses |
| 2016-06-24 |
| Note: The dispatch below from England appeared May 5 in Asia Times, but remains timely. Britain will back away from Brexit because the British have become risk-averse in their dotage. ...Britain will vote to remain in the European Union on June 23. The annoyance of remaining in Europe is not too onerous to bear, and the risk of something going pear-shaped during a British exit ("Brexit") is incalculable. Besides, Europe is gradually falling apart on its own, which means that the British have no urgent need to exit at the moment. |
| Posted by:g(r)omgoru |
| #6 A lot of money will be spent trying to keep Europe afloat. Let that be German money as they have the most historical guilt to launder away and that's what the EU has always been about more than anything. Most English realized that they really need not feel all that liberal guilt about their past, they got it right far more often than they got it wrong. |
| Posted by: rjschwarz 2016-06-24 11:02 |
| #5 The key to this is Article 50 of the Lisbon treaty. (Article 50): "Any Member State may decide to withdraw from the Union in accordance with its own constitutional requirements." As I understand it there is an up to 2 year process that occurs allowing for the negotiation of all the issues that leaving raises. This is going to be a long process. |
| Posted by: AlanC 2016-06-24 09:22 |
| #4 Europe is gradually falling apart on its own, which means that the British have no urgent need to exit at the moment "Needs" & "Wants" need to be distinguished. Spengler's reasoning seems to advocate remaining on the doomed Titanic, since it was already sinking on its own. |
| Posted by: Anguper Hupomosing9418 2016-06-24 08:37 |
| #3 Spot on Bobby! If one leaves the flock and survives, others may follow. |
| Posted by: Besoeker 2016-06-24 07:45 |
| #2 Supposing two years from now, everyone realizes Britain did the right thing? Suppose their economy flourishes and the Pound strengthens? What will happen then to the rest of the Union? That may be what had everyone worried yesterday, and panicked today. |
| Posted by: Bobby 2016-06-24 07:43 |
| #1 The money people love their status quo, even if it is horrible. |
| Posted by: M. Murcek 2016-06-24 06:17 |