Should they stay or should they go: Brexit 2016

[myboynoah]

in New York

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Ahhh, of course.

That opens up a world of possibilities. Brownton. Cornell on Anacostia. Ville d'Harvard.

[Jarid in Cedar]

Ahhh, of course.

That opens up a world of possibilities. Brownton. Cornell on Anacostia. Ville d'Harvard.

Now we're talking...

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[Moliere]

Has the global financial meltdown from the Brexit stopped yet? I haven't been paying attention.

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[Omaha 680]

I liked this Kissinger opinion piece: http://www.wsj.com/articles/out-of-t...ity-1467151419

Too much of the Europe of today is absorbed in management of structural problems rather than the elaboration of its purposes. From globalization to migration, the willingness to sacrifice is weakening. But a better future cannot be reached without some sacrifice of the present. A society reluctant to accept this verity stagnates and, over the decades, consumes its substance.

Inevitably a gap arises between the institutions and their responsibilities, which accounts for increasing populist pressures. The deepest challenge to the EU is not its management but its ultimate goals. In a world in which upheavals based on conflicting values span the continents, a common act of imagination by Europe and its Atlantic partners is badly needed.

Instead, European leadership is now faced with an unexpected challenge. Under the terms of its charter, the EU is obliged to negotiate with a principal member over the terms of withdrawal. Britain will want to maintain extensive ties with Europe while lifting or easing the constraints of its many legislative and bureaucratic requirements. The EU leadership has almost the opposite incentive. It will not wish to reward Britain’s Leave majority by granting Britain better terms than it enjoyed as a full member. Hence a punitive element is likely to be inherent in the EU bargaining position.

Many of us who have grown up with and admired the vision of European unity hope that the EU will transcend itself, by seeking its vocation not in penalizing the recalcitrant but by negotiating in a manner that restores the prospects of unity. The EU should not treat Britain as an escapee from prison but as a potential compatriot.

Punishing the U.K. will not solve the question of how to operate a common currency in the absence of a common fiscal policy among countries with disparate economic capacities, or of how to define a union whose ability to achieve common political strategies lags fundamentally behind its economic and administrative capacities.

By the same token, Britain needs to put forward the concept of autonomy for which its people voted in a manner that embraces ultimate cooperation. Britain and Europe together must consider how they might return, at least partially, to their historical role as shapers of international order.

[Jeff Lebowski]

Haha.

[creekster]

Haha.

Except it really doesn't work. Brexit was Britain exiting. George exited Britain. Or England. So it should be the georgexit. Or amexit.

[Jeff Lebowski]

Except it really doesn't work. Brexit was Britain exiting. George exited Britain. Or England. So it should be the georgexit. Or amexit.

You must be a blast to hang out with.


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[creekster]

You must be a blast to hang out with.


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Sorry to disappoint you. I'm sure you can find someone to enjoy the error.

[New Mexican Disaster]

Sorry to disappoint you. I'm sure you can find someone to enjoy the error.

I enjoyed it.

[frank ryan]

Leading candidate to replace Cameron is anti-Irish peace process. Between the reestablishing of a hard border in Northern Ireland and Michael Grove, violence could return to the British Isles.

http://www.irishcentral.com/news/pol...over-IRA-.html

[kccougar]

Happy 4th, everyone. The original Brexit!

[kccougar]

And this because I like the line about the fireworks.

[youtube]tqIh3N7_xGk[/youtube]

[Jeff Lebowski]

Happy 4th, everyone. The original Brexit!

Oh boy. Watch out for creekster.


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[creekster]

Oh boy. Watch out for creekster.


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That actually makes sense, back then anyway.

[Omaha 680]

The European Central Bank is becoming dangerously over-extended and the whole euro project is unworkable in its current form, the founding architect of the monetary union has warned.

"One day, the house of cards will collapse,” said Professor Otmar Issing, the ECB's first chief economist and a towering figure in the construction of the single currency.

Prof Issing lambasted the European Commission as a creature of political forces that has given up trying to enforce the rules in any meaningful way. "The moral hazard is overwhelming," he said.

The European Central Bank is on a "slippery slope" and has in his view fatally compromised the system by bailing out bankrupt states in palpable violation of the treaties.

"The Stability and Growth Pact has more or less failed. Market discipline is done away with by ECB interventions. So there is no fiscal control mechanism from markets or politics. This has all the elements to bring disaster for monetary union.

"The no bailout clause is violated every day," he said, dismissing the European Court's approval for bailout measures as simple-minded and ideological.

The ECB has "crossed the Rubicon" and is now in an untenable position, trying to reconcile conflicting roles as banking regulator, Troika enforcer in rescue missions and agent of monetary policy. Its own financial integrity is increasingly in jeopardy.

http://www.telegraph.co.uk/business/...s-ecb-prophet/