Tag Archives: Jeroen Dijsselbloem

Jeroen Dijsselbloem: Jean-Claude Juncker damaging Commission’s credibility – POLITICO

June 3, 2016 By in Austerity, Brexit, Business Administration, David Cameron, Defense Policy, Democracy, Economics, Euro Crisis, Fiscal Policy, Foreign Policy, George Osborne, Growth, Healthcare, Immigration, People, Politics Tags: , , , , , , , , , 2 Comments

This is an important article from Politico, citing the Eurogroup chief slamming Juncker’s comments that Commission goes easy on France ‘because it’s France.’

Source: Jeroen Dijsselbloem: Jean-Claude Juncker damaging Commission’s credibility – POLITICO

Let’s face it, the EU is not about equals. Since the beginning France has drafted the rules in her favor and then is always ready to bend the rules.

The financial crisis in Euroland has been perpetuated because French banks were protected from debt write-offs. France has again and again been a special case.

France did not suffer the extended doses of austerity prescribed to Greece, Portugal, Spain, Italy, Ireland and Cyprus.

Why is France allowed to get away with bending the rules, without sanctions?

Thoughts?

How much could Brexit wipe off UK GDP? | World Economic Forum

May 15, 2016 By in Brexit, Business Administration, Economics, People, Politics Tags: , , , , , , , , , , Leave a comment
English: Official logo of the World Economic F...

English: Official logo of the World Economic Forum. (Photo credit: Wikipedia)

The authoritative WEF provides a powerful  meta-analysis assesses the potential economic impact of a vote to leave in the UK’s referendum.

Source: How much could Brexit wipe off UK GDP? | World Economic Forum

This research looks at existing research projections and concludes that they are probably understating the downside risk from Brexit.

This bottom line was recently reinforced by the Christine Lagarde, the managing director of the IMF. She concluded that the impact of Brexit is between bad and very bad in terms of economic impact.

Supporters of the Brexit dismiss all these arguments as theory but they fail to offer alternatives in terms of evidence and risk assessment.

Ultimately, the referendum vote will be between those favoring xenophobia and those who look to economic prosperity. Logic and reason favour the Remain campaign but the Brexit campaign is now being championed by the UK’s own right wing populist (like Trump and Le Pen), namely Boris Johnson.

Thoughts?

Thoughts?