Thank you. Imagine if you invited a very important guest round for dinner and you made all the preparations and there were some very important, confidential conversations that needed to be had and you thought everything had gone well and yet within hours your guest had told the outside world that you, the host, was deluded, that you were living in a different galaxy. And then all the contents of the conversation were blabbed to an opposition newspaper and to add insult to injury you say that the food wasn’t actually very good either and then a few days later in a display of extreme petulance you even deride the national language of the host, which by the way is looking a bit silly as last saturday’s extravaganza known as the Eurovision song contest saw ninety percent of the songs sung in English.
People’s News Headline: Feeding the casino economy
The president of the EU Central Bank, Mario Draghi, recently let the cat out of the bag when he revealed to a committee of the Dutch Parliament that, while the EU preaches the gospel of austerity for ordinary folk, the ECB pumps some €60 billion per month in debt securities into banks and corporations.
It does this by buying bonds from companies such as Shell and Heineken. These profit-making (and polluting) corporations certainly donڈt need the money, nor do they invest it in the productive economy, preferring to play around with it in the casino economy. The Dutch legislators challenged Draghi to explain why the ECB is keeping interest rates low. The effect of this policy is a massive redistribution of income between labour and capital.
Were the UK and EU unable to agree to a high-quality bilateral free trade agreement (FTA), it would be bizarre – and could only be attributable to bloody-mindedness by the EU. No two economies that have entered into an FTA negotiation have been more deeply integrated than are the UK and EU today. Already, trade between them is free, their respective services are largely open, and the UK has adopted the EU’s acquis for regulations for the past 44 years.
Gina Miller has been out on the campaign trying to promote MPs who will block “extreme Brexit”. Now, to you or I, this actually just means Brexit: Britain being an independent nation that sets its own laws, rather than having them handed down from Brussels. But for the Remain ultras, what started as “hard Brexit” is now “extreme Brexit”. Maybe next week it will be ‘world ending Brexit’.
To be clear, what the Remain elite think is extreme is actually the position of the vast majority of the world’s nations – outside the EU, trading on WTO rules, not subject to Brussels rule.
European and world leaders have been enduring a week of intensive diplomacy, with the G7 meeting continuing in Sicily today following the NATO summit in Brussels on Thursday. While the anticsandescapades of Donald Trump and Emmanuel Macron have delivered the most entertainment from the meetings, Brexit did inevitably make an appearance, albeit only as a secondary point of discussion.
Theresa May used her first bilateral meeting with Emmanuel Macron to reiterate the British Government’s stance that trade talks should take place in parallel with any divorce talks, although both leaders reaffirmed their commitment to sorting the issue of citizens’ rights as a priority.
Meanwhile, the other Donald T. at the summit repeated the EU’s line that the ‘Brexit bill’ was not about the money, not even when it came to the UK being told to pay for English teachers’ salaries in elite Brussels schools after Brexit. “Please believe me, it’s not because of money but because of rules,” said Tusk. The lady doth protest too much, methinks.
Back in the UK, Labour leader Jeremy Corbyn faced a grilling from Andrew Neil last night over inconsistencies in his foreign policy, while refusing to commit to reducing immigration after Brexit.
One person who has been left particularly unimpressed by Labour’s vision for Brexit is Michelle Dewberry, businesswoman and winner of the second series of The Apprentice, who is running as an independent pro-Brexit candidate in her home seat of Hull West and Hessle, as she feels that Labour no longer represents working class people on Brexit.
EU’s Federica Mogherini: “The EU is in a unique position to provide global security”
The European Union is in a unique position to provide global security, according to Federica Mogherini, the EUڈs head of foreign affairs and vice-president of the EU Commission, who stated that the EU had both the “hard”and the “soft”power needed to accomplish the task Speaking in Estonia, she said: “There is a European way to security that is never purely and only military. You take any crisis or security threat in the world of today, and you realise that the hard power, the military means are always necessary but never enough.
“The European Union has this unique mix of hard power that needs to be increased because itڈs not enough, what we have now, but we have at the same time the soft power. And this is a unique mix if we manage to increase our hard power, position ourselves in a place that can be very helpful for our partners in the world to tackle some security issues”
If the bloc had the “political courage”to take on the role it could become an institution that provides worldwide security“So I think that the work we have ahead of us is huge but we have, if we are self-confident and we take the political courage to use the potential we have, we could be indeed the security provider for European regions, and more largely the world”
Extracted from the People’s News Newsletter: No. 168 23 May 2017(PDF)
If neighbourhood cats keep fighting, then putting them in a bag seems like a bad idea. Unless you’re an EU politician. They want to keep pulling the strings even tighter.
Europe’s various countries all have a history of wars. They don’t really have a consistent history of countries in the first place, but Europe was definitely a violent place. Probably since the dawn of man, which recent discoveries place in Europe instead of Africa thanks to some very old jaws found in Bulgaria.
Anyway, the EU’s much touted cause is to put a stop to conflicts in Europe. We much prefer them elsewhere, like in the Middle East. But binding countries together in a union is surely more likely to have the opposite effect from promoting peace, just as it would with cats in a bag. Brexit has created vehemence that Europe hasn’t seen since the last Euro football cup of 2016.