Europe Will Reap What Spain Has Sown

 

The Spanish government decided to reach back into its history and borrow from the playbook of longtime Spanish fascist dictator Francisco Franco in dealing with Catalonia’s decision to declare independence from the Spanish Kingdom as the Republic of Catalonia. The Catalan government’s decision to declare independence followed an October 1 referendum in the region that resulted in a “yes” for independence. Continue reading

MAPPED: Catalonia is NOT alone – the regions desperate for independence threatening the EU

The regions wanting more autonomy or independence [Mauldin Economics]

 

CATALONIA’S quest for independence from Spain could spark a domino effect plunging the European Union into crisis as a map reveals the other regions across the continent desperate for autonomy.

Catalonia threw Spain into a constitutional crisis yesterday after declaring independence following a controversial referendum.

But the region is not alone in its hope for independence and the aftershocks of the Catalonia crisis could further splinter the EU with dozens of regions hoping to return to autonomy and fighting their own battle to regain control. Continue reading

Catalan referendum: Region’s independence ‘in matter of days’

King Felipe VI: “Catalan society is fractured”

 

Catalonia will declare independence from Spain in a matter of days, the leader of the autonomous region has told the BBC.

In his first interview since Sunday’s referendum, Carles Puigdemont said his government would “act at the end of this week or the beginning of next”.

Meanwhile, Spain’s King Felipe VI said organisers of the vote put themselves “outside the law”. Continue reading

Spain CHAOS as Catalans launch mass strikes in protest over referendum

Spanish Guardia Civil guards drag a man

Spanish Guardia Civil guards drag a man (AFP/Getty Images)

 

CATALAN independence protesters are holding strikes to bring swathes of the region to a standstill today in anger at the Spanish government’s refusal to accept the result.

Catalan trade unions and associates called for the action due to “the grave violation of rights and freedoms” seen when heavily armed Spanish officers clashed with voters on Sunday.

Madrid, which deemed the referendum illegal, deployed hundreds of officers in a last desperate attempt to stop the ballot from going ahead.  Continue reading

Catalonia Bonds Collapse As Police Warn Of Chaos If Referendum Canceled

 

While the Catalan people prepare to decide whether to break with Spain, the bond market appears to have already made its mind up as Catalonia bonds decouple from Spanish sovereign yields.

Catalonia Bonds expiring next year have seen yields spike over 2% – the highest in over a year – and more than 230bps higher than the equivalent Spanish sovereign bond yields… Continue reading

UNITED STATES OF EUROPE: Greece’s ruling Syriza party calls for FEDERAL eurozone

Nikos Pappas

Greek government minister Nikos Pappas wants stronger European links [GETTY]

 

SUPPORTING the European Union goes hand in hand with supporting federalism and Brussels should make a stronger push for ever-closer union, Greek government minister Nikos Pappas has declared.

Mr Pappas said proclaiming a pro-EU stance without backing federalism was “meaningless” and amounted to “talking the talk but not walking the walk”.

In an interview with Greek newspaper Avgi, the Minister of Digital Policy, Media and Telecommunications and a close ally of prime minister Alexis Tsipras, insisted Europe should strengthen its rhetoric promoting serious integration. Continue reading

Marine Le Pen SURGES INTO THE LEAD in latest French presidential election polls

As foretold on Global Geopolitics many times throughout the years, Europe will make a sharp turn to the right.

 

A French politician who is the president of the National Front (FN), a national-conservative political party in France and one of its main political forces. [AFP/Getty Images]

 

MARINE Le Pen has rocketed into the lead in the race to become France’s next president – just months ahead of the country’s general election.

The National Front leader has usurped Conservative candidate Francois Fillon to take the lead according to an Ifop-Fiducial opinion poll.

Le Pen is now leading the polls for the first time after taking advantage of Fillon’s declining popularity among France’s working class voters, according to the survey carried out for French weekly newspaper Paris Match, TV channel iTele and radio station Sud-Radio. Continue reading

EU and Switzerland agree on free movement

(Photo: Patrick Nouhailler)

 

The EU approved a new Swiss law on Thursday (22 December) that will allow EU citizens to work in Switzerland, opening the way to solve a two-year crisis.

An EU-Swiss joint committee, where all 28 EU states are represented, said that the law passed last Friday in the Swiss parliament would limit the effect of a 2014 referendum to introduce immigration quotas into the Swiss constitution.

One of the consequences of the referendum would have been to limit the free movement of EU workers to Switzerland, a member of the passport-free Schengen area. Continue reading

Europe’s Far-Right Anger Is Moving Mainstream

(Getty)

 

Anti-immigrant, anti-Europe, anti-Muslim sentiment is resonating with more and more voters in Europe.

In the wake of the Brexit vote in Britain and the recent Italian referendum, and with national elections looming in 2017 in the Netherlands, France, and Germany, there is concern that Europe may be inundated by a populist wave, driven in large part by right-wing parties exploiting anti-globalization, anti-immigrant, and anti-Muslim sentiments. Indeed, the strategy seems to be working: Polls show that people who have a favorable view of the National Front (FN) in France, the Alternative for Germany (AfD) in Germany, and the Party for Freedom in the Netherlands tend to be more negative about immigrants, refugees, and Muslims than their fellow countrymen. In addition, they are more euro-skeptic and more wary of globalization than their compatriots. Continue reading

Potential “Systemic Crisis In Eurozone” After Italy Votes No, Renzi Resigns

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Italy’s Prime Minister Matteo Renzi has said he will officially resign Monday, after voters apparently rejected his proposals for constitutional reform. What should investors keep an eye out for after his defeat?

Although the referendum on Sunday was officially on Renzi’s plan for legislative overhaul, it was widely seen in Italy as a vote of confidence in the prime minister and his government. In voting “no” — projections suggest 59% of those in the ballot made that choice — the Italians have set the stage for an early election and perhaps given local populist parties the chance to deliver a Brexit- or Trump-style shake-up. 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

German economy left SHATTERED after Brexit vote, shock new figures reveal

CONFIDENCE in Germany’s economy has plunged in the wake of Britain’s vote to leave the European Union, dramatic new figures have revealed.

Business morale in Europe’s biggest economy tumbled in August at its fastest rate since the height of the eurozone debt crisis in 2012, showed the closely-followed economic institute Ifo survey.

The monthly 106.2 reading – from 108.3 in July – is now sitting at its lowest level since February. Continue reading

‘EU is a DICTATORSHIP’ Furious campaigners want to move German state to PUTIN’S RUSSIA

ANGRY residents of a region in Germany have lashed out at the European Union ‘dictatorship’ and launched a petition to move the state to Russian rule.

The petition calls for fellow Saxons to join the campaign to exit Angela Merkel’s nation.

In a statement, the group, known as the Pro-Putin Party, said: “As we have repeatedly and constantly experienced, there is nothing the EU dictatorship committee would recoil from! Continue reading

‘Italian Revolution’ OUTRAGE at plans for mosque next to the Leaning Tower of Pisa

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A referendum will decide whether a mosque is to be built by the Tower of Pisa

 

HUNDREDS of people have signed a petition against the construction of a mosque near the Tower of Pisa meaning a referendum will decide whether the religious building will be built.

Yesterday, 1,800 signatures were collected against the Islamic place of worship – the number needed for a vote to take place.

Italian journalist and politician Magdi Allam called the referendum “the Italian revolution” and he said Pisans did not expect to get 1,800 signatures. Continue reading

Royal Navy warships ‘should be sent to Gibraltar’ during Brexit negotiations as Spain pushes for joint sovereignty

As mentioned in previous posts, Spain will be gunning for British territory now that Brexit is in motion. The Brexit leaves the rest of the EU bitter and as a form of punishment will support Spain’s bid to take Gibraltar. Great Britain will receive no support since it exited and is no longer part of the EU.

See the following previous posts for more information:

Post-Brexit headlines for June 24, 2016, and more

Royal Navy Fires Warning Shot At Spanish Boat In Gibraltar

Will Brexit Mean the End of the UK’s Control of the Falklands and Gibraltar?

British nuclear submarine ‘surfaces off Gibraltar’ as row with Spain heats up

 

British warships must be sent to Gibraltar to “protect it from Spain” during Brexit negotiations, a former Ministry of Defence special adviser has said.

Known as The Rock, Gibraltar lies at the end of the Iberian Peninsula in Spain, but its 30,000 residents have voted several times to remain a British Overseas Territory.

After an overwhelming 96 per cent Remain vote in June’s EU referendum, Spanish foreign minister Jose Manuel Garcia-Margallo swiftly called for the UK to share sovereignty, but the move was snubbed by Westminster. Continue reading