Not convinced. How can it be fudged? Barnier dug his heels in. He Refuses to negotiate either WA or future arrangement. So short of capitulation they will run out of road, since nothing can happen to resolve it.
EU businesses need certainty and Barnier gives them cowsh!t instead. He Won't even talk about it. His arrogance and hubris will sink the union.
I think the consequence of populist EU elections on the perception of financial risk in EU will take over the narrative. With bond rate hikes that will start an unstoppable chain of events leading to banking collapses, bail ins, the exit of Italy from the euro and ultimately break up of the union. Trouble is British banks lend disproportionately to other banks, not businesses and so are over exposed. It will not be pretty. The ECB has largely run out of fire power to act in any legal way. If the EU relaxes fiscal discipline the ending will be the same, as it was in the last failed union, Elsewhere in the EU both open borders and judicial issues are already shaking the union. Whilst such as Romania are in a desparate straights because of brain drains, forced by the faulty euro structure.
Germany seemingly doesn't care for as long as their fourth reich can extort money from the rest. Their taxpayers will start to care when their creditors collapse, which is the problem when you lend others increading heaps of money to buy your stuff, leaving them over enddebted. Mr German taxpayer is staring a 2 trillion loss in the face which is half of their median wealth, But nobody told them yet.
It won't end well.
Originally Posted by noel
Whether you want to be a member or not (and I acknowledge most people when asked last time said they don't want to be), there is a majority in the country and in parliament that don't want no deal. So of the remaining options:
Barnier-May deal: no majority
No deal: no majority
No Brexit: I doubt it, but it's still a possibility.
My money's still on a last-minute fudge.
Maybe we'll become a nation in a permanent state of limbo - too complicated to resolve and trapped between dead-end non-options. There's a cheery thought for you
That was sarcasm WP
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