Fear, Loathing and Brexit – Paul Krugman – The New York Times

Paul Krugman, Laureate of the Sveriges Riksban...

Paul Krugman, Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 at a press conference at the Royal Swedish Academy of Sciences in Stockholm (Photo credit: Wikipedia)

Nobel prize winning economist, Paul Krugman, supports Bremain in a must read article. He believes Britons have a choice between bad and worse but the UK remaining in the EU is unquestionably best for the UK long term.

Source: Fear, Loathing and Brexit – The New York Times

Krugman’s authority and million plus followers on Twitter makes him a very heavy-hitter.

Brits who favor Brexit because of immigration need to think again for two reasons. Firstly, the UK will be permanently weaker economically. Secondly, immigration reduction post Brexit is seriously questionable (source the Economist).

Thoughts?

What The First 100 Days After Brexit Would Look Like | Zero Hedge

ECB Hazard Very Toxic Symbol

ECB Hazard Very Toxic Symbol (Photo credit: Wikipedia)

Zero Hedge looks at post Brexit crisis management. It argues that before dawn on June 24, if an exit vote becomes clear, the EU’s top brass from Berlin to Brussels will be forced into damage control. It suggests that in echoes of the Greek debt crisis, euro-area finance ministers may hold an emergency meeting as soon as that evening. It concludes that wild swings in the pound, more aggressive interventions by the Swiss National Bank and a ratcheting up of global instability rank as likely market reactions.

Source: What The First 100 Days After Brexit Would Look Like | Zero Hedge

Elsewhere in the news the French Republican Party is signalling that the ultimate failure for the EU would be to let the UK leave and invite Turkey instead.

There is still room for Europe’s politicians to make last minute concessions to the UK. Will we see Angela Merkel riding in on a white horse coming to David Cameron‘s rescue?

 

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