Secession as a Point of Leverage (II)

LONDON/BERLIN (Own report) – Scotland has established an investment center in Berlin, thereby reinforcing its economic ties to the EU and causing – with German support – new tension in Great Britain. According to critics, in its intended secession from the United Kingdom, for which it must establish economic security, the Scottish government is relying on German help. In fact, to increase the pressure on London to achieve the “softest” Brexit possible, Berlin and Germany’s regional governments are going out of their way to strengthen relations with Edinburgh. This is considered essential to German interests. Government advisors in Berlin are recommending using Ireland for obtaining influence in the negotiations concerning the borders between the Irish Republic and Northern Ireland. In the event of a “hard” Brexit, this border would be a particularly sensitive point. Berlin is also using EU foreigners, residing in the United Kingdom, as an additional bargaining chip. Chancellor Angela Merkel has refused to have their rights of residence clarified beforehand. Continue reading

Alan Greenspan says British break from EU ‘is just the tip of the iceberg’

 

Former Fed Chairman Alan Greenspan told CNBC on Friday the U.K. vote to leave the European Union ushers in a period that’s even worse than the darkest days of October 1987.

Britons voted by 51.9 percent to quit the 28-country union, shocking markets that had priced in a win for the remain camp.

“This is the worst period, I recall since I’ve been in public service,” Greenspan said on “Squawk on the Street.” Continue reading

Britain mulling sovereignty claim over Scottish nuke base: report

Britain’s leaders are examining proposals to claim sovereignty over the military base in Scotland which houses its Trident nuclear deterrent if the Scottish people vote for independence next year, the Guardian reported Thursday.

The Scottish National Party (SNP), which leads the Scottish Parliament, has promised to get rid of all nuclear weapons if it secures a ‘yes’ vote in the independence referendum which will take place in September 2014. Continue reading