It could almost be as bad as Global Warming. In fact, it could be worse.
Maurice Obstfeld, the IMF’s chief economist, said a decision to quit the EU was a “very real” possibility and would affect economic growth even if an exit was managed smoothly. The body also cut its forecasts for global growth – and for the UK and other advanced economies.
“In the United Kingdom, the planned June referendum on European Union membership has already created uncertainty for investors; a Brexit could do severe regional and global damage by disrupting established trading relationships,” he said.
Martin Schulz: Brexit could trigger ‘implosion’ of EU
‘The EU has been on a sliding slope,’ Schulz said.
Martin Schulz, the president of the European Parliament, has warned of an “implosion of the EU” if Britain were to leave the European Union after the June 23 referendum.
In an interview with German newspaper Frankfurter Allgemeine Zeitung published on Tuesday, Schulz said that as a result of a Brexit other member countries will want “escape referendums” too.
Here’s an interesting fact to ponder. Did you know that, by voting to leave the EU, you will cause the civilised world to go up in flames?
It’s true. David Miliband said so.
Leaving the EU, he declared in a speech in London today, would be no less than “an act of arson on the international order”. The public should vote to leave only if they “want arson”. In his view, however, this was “no time” for Britain “to join the ranks of the arsonists”.
A few minutes later he ridiculed the notion that the pro-EU campaign was engaged in scaremongering.
Bono wades into EU debate: Britain voting to leave would be UNTHINKABLE, claims U2 star
BONO has waded into the European Union debate by telling US politicians they should be “be worried” about Britain cutting ties with Brussels.
I’m a bit surprised the europhiles aren’t making any sort of positive case for Britain remaining in the EU. But they don’t seem to be.
Currently, polls seem to show the Leave campaign slightly ahead of Remain.
I continue to think that, should they vote to leave, Brits simply won’t be allowed to leave the EU. The vote will be declared null and void, or with an insufficient majority, or nothing will be done about it. Or they’ll be asked to vote again until they get the “right” answer.
And they might simply just stop having referendums:
Look no further than this top Eurocrat for proof of Brussels’ loathing for democracy. After Dutch voters had the gall to defy the EU last week, Fraser Cameron, a former senior adviser to the Commission, wrote this on why “it is time for an EU ban on referenda”.
“Referenda are becoming a huge problem for the EU. The latest result in the Netherlands on the Association Agreement with Ukraine is probably the worst possible outcome. If the turnout had been below 30% the Dutch government could have safely ignored the vote…