2016-06-29

The Failed EU Project

The EU cannot punish the United Kingdom for its Brexit vote.

ZH: Scandal Erupts At Euro Summit Over Scotland, While Draghi Says In "No Rush" To Ease Policy
But even more notable, and confirming just how profound the chaos in Europe is in the post-Brexit world, was the mini scandal that just erupted at the EU summit, now sans Cameron, over the fate of Scotland. Here, in an attempt to anger the UK some more, EU commission president Jean-Claude Juncker, in comments to reporters, said that “Scotland won the right to be heard in Brussels." This takes place just hours before Scottish First Minister Nicola Sturgeon is due to meet with Juncker later Wednesday

But while Juncker's statement was meant to merely infuriate the UK even more, what he did instead is open a new Pandora's box, one which invites all secessionist movements in Europe to demand a comparable treatment.

And, sure enough, just moments later, Spain's PM Rajoy immediately said that he opposes any negotiation by Scotland with the EU adding that "If the UK leaves, Scotland leaves."

Why the abrupt response? Because Rajoy knows that is Scotland will be heard - and allowed to become independent - then Catalonia and the Basque Country are next.
The total breakup of the EU is coming, the euro will be a defunct currency. It was inevitable, all Britain did was give us a clear signal that the beginning has ended.

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