Courtesy of Mish.
The move to punish the UK picks up steam even though such actions will damage the EU far more than the UK. Belgium is the latest country bounds and determined to punish the UK.
Please consider EU will not help UK out of ‘black hole’, Belgian premier warns.
Britain’s vote to leave the EU has opened a political “black hole” in Westminster and Europe’s leaders will not bend to help it out, Belgium’s prime minister has warned.
Charles Michel’s caustic views on the unreal “dreams” of Brexiters, outlined in an hour-long interview with the Financial Times, speak to the difficulties Britain faces in reaching an exit trade deal that satisfies all 27 EU leaders and their parliaments.
Before the referendum, the liberal leader doggedly resisted giving Britain a special deal on its EU membership terms. He is now showing similar resolve over any Brexit deal, pushing the UK to start the divorce promptly and telling it to expect no big concessions on migration or market access.
“The truth is it’s a very negative situation for the UK, there is no doubt,” he said.
The Truth
The truth is Brexit is very bad for the EU, and punishing the UK will make matters worse, possibly even starting a global trade war.
Facts of the Matter
- “Italian Gov’t Collapse More Than Just a Possibility”
- The EU Cannot Survive as a Prison
- Spain’s Social Security Program Will Go Bust in 2018
- Austria’s Constitutional Court Orders Rerun of Presidential Election.
- Four Countries Blame Jean-Claude Juncker for Brexit, Two Seek His Ouster
Risk of Global Trade Collapse
Please consider “No Cherry Picking” Says Merkel; Risk of Global Trade Collapse says Mish
