President Of The European Parliament: "It Is Not The EU Philosophy That The Crowd Can Decide Its Fate"
Unelected technocrat- dictator of Europe - Politburo member
27 June, 2016
If anyone needs another confirmation that the European Union is fundamentally the most anti-democratic entity currently in existence, then the following statement by European Parliament Martin Schultz should put all confusion to rest.
Schulz: "The British have violated the rules. It is not the #EU philosophy that the crowd can decide its fate". #TBC
The shockwaves and consequences around Brexit will resonate for years. It's probably an understatement to say that most in financial markets regret the UK's decision to leave but we should respect the forces that have been pushing us towards what has always been an inevitable political accident sometime soon. I wasn't sure whether the Brexit vote was the one but I was pretty convinced one was coming and this is probably not the last. Spain yesterday started a general election cycle (more below but relatively market friendly) of the largest 5 euro-area economies (Spain, Holland, France, Germany and Italy) over the next 18 months or so, not forgetting the US this November. Throw in the crucial senate reform vote in Italy in October and you've got plenty of opportunity for rebellion against the establishment that haven't managed to produce satisfactory enough growth for the lower paid/lower skilled to offset the forces of globalisation and immigration.
It's worth looking at the voting split in the UK's EU referendum based on polls compiled by Lord Ashcroft to get an idea of the disenfranchisement. In terms of socio-economic groups, 57% of ABs (upper/middle class - professional/managers etc) voted remain, 49% of C1s (lower middle class - supervisory/clerical or junior management/administrative), 36% of C2s (skilled working class) and 36% of DEs (Ds - semi & unskilled manual workers. Es - casual/lowest grade worker or state pensioner). So there's no escaping the fact that this is a class war. Whether its globalisation, immigration, inequality, poor economic growth or a combination of all of them it's quite clear from this and other anti-establishment movements that the status quo can't last in a democracy. Eventually you'll have a reaction. This is one such major reaction and given that the UK growth rate has been ok of late, it would be strange if pressure didn't continue to build elsewhere where growth has been lower for longer.
President of The European Parliament Says UK Tory Party Is To Blame For Europe’s Failure
“A whole continent is taken hostage because of an internal fight in the Tory party.”
“I doubt it is only in the hands of the government of the United Kingdom.”
“We have to take note of this unilateral declaration that they want to wait until October, but that must not be the last word.”
Schulz’s comments were partially echoed by the president of the European commission, Jean-Claude Juncker, who said he there was no reason to wait until October to begin negotiating Britain’s departure from the European Union.
“Britons decided yesterday that they want to leave the European Union, so it doesn’t make any sense to wait until October to try to negotiate the terms of their departure,” Juncker said in an interview with Germany’s ARD television station. “I would like to get started immediately.”
The president of the European council, Donald Tusk, said the 27 remaining members of the bloc would meet next week to assess its future without Britain. “It is a historic moment, but not a moment for hysterical reactions,” he said.
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