Tuesday, June 21, 2016


"Think they know something we don't?"
--Major General Urquhart (A Bridge Too Far)

On Thursday, the British people will vote on whether the United Kingdom should remain a member of the European Union (EU) or whether to exit. A 'Brexit' result would signify a no confidence vote for the viability of the EU and would roil financial markets as the house of cards propping up Greece and other failing EU members depends on complete solidarity.

Stated differently, Brexit would severely weaken the viability of the EU.

Why is Britain tempted to withdraw? Because, like other big players such as Germany, it paying more into the collective than it is getting out. Moreover, its sovereignty is being restricted by EU rules and regs.

Britain would have an easier go at it than others because it never surrendered its currency to become an EU member. It kept the British Pound while countries like Germany ditched the Deutsche Mark.

Nonetheless, if Brexit happens, expect Germany to commence dialogue on Gerexit.

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