EU Army set to be agreed TONIGHT – and BRITAIN will foot the £420m-a-year bill

Please see the source for the video.

 

An EU army is being agreed tonight in Strasbourg -with the cause being BREXIT

 

THE EU will tonight debate for the creation of a continent wide super army that will be up and running next year – and blame BREXIT for its creation.

Brussels politicians will convene in the French city of Strasbourg to thrash out the plans that will cost taxpayers’ £420m-a-year.

They will vote on the issue to establish an “EU-wide system for the coordination of rapid movement of defence forces personnel” across Europe. Continue reading

Banks are preparing for an ‘economic nuclear winter’

Video available for viewing at the source.

 

The first half of 2016 has been a roller-coaster for financial markets. A combination of uncertainties surrounding the U.K.’s vote to leave the European Union and weaker-than-expected corporate earnings results across the region means a tough second half looms.

European banks, in particular, have had a very tough six months as the shock and volatility around Brexit sent banking stocks south. Major European banks like Deutsche Bank and Credit Suisse saw their shares in free-fall after the referendum’s results were announced. In the U.K., RBS was the worst-hit, with its shares plunging by more than 30 percent since June 24.

The current uncertainty over when the U.K. will start the process of quitting the EU has banks on tenterhooks. But a source told CNBC that banks are “preparing for an economic nuclear winter situation.”

Continue reading

EU is ‘bending rules’ as Spain and Portugal escape fines now Poland faces sanctions

Going against the insane immigration policies of Germany and Brussels is costly.

 

CRACKS in the EU were deepening today as it emerged fines against favoured nations were being scrapped while other countries were expected to stump up punitive sums after slipping into debt.

Last week German Finance Minister, Wolfgang Schauble, is reported to have lobbied several commissioners not to impose fines of 0.2 per cent of GDP on Spain and Portugal after they failed to reduce their fiscal deficit to 3 per cent GDP.

Spain’s deficit stood at 5.1 percent last year and Portugal’s at 4.4 percent, and under Union rules both nations have failed to take “effective action” to bring them down. Continue reading

Article 50 was designed ‘NEVER to be used’ – says the man who wrote the EU divorce clause

THE MAN who wrote Article 50 has admitted it was NEVER supposed to be used as Britain gets set to divorce the European Union.

Giuliano Amato, a former Italian Prime Minister, claimed Britain must “lose” when it comes to finances – so they are forced to stay in the single market. 

Mr Amato told a conference in Rome, he had inserted the get-out clause specifically to prevent the British from complaining that there was no clear cut, official way for them to bail out of the Union.

He said: “I wrote Article 50, so I know it well.” Continue reading