Posted on 06/27/2016 9:04:35 PM PDT by Lorianne
German Chancellor Angela Merkel’s decision to open her country’s doors wide to refugees was an inspiring gesture, but it was not properly thought out, because it ignored the pull factor. A sudden influx of asylum-seekers disrupted people in their everyday lives across the EU. ...
The lack of adequate controls, moreover, created panic, affecting everyone: the local population, the authorities in charge of public safety, and the refugees themselves. It has also paved the way for the rapid rise of xenophobic anti-European parties – such as the UK Independence Party, which spearheaded the Leave campaign – as national governments and European institutions seem incapable of handling the crisis.
Now the catastrophic scenario that many feared has materialized, making the disintegration of the EU practically irreversible. Britain eventually may or may not be relatively better off than other countries by leaving the EU, but its economy and people stand to suffer significantly in the short to medium term.
The pound plunged to its lowest level in more than three decades immediately after the vote, and financial markets worldwide are likely to remain in turmoil as the long, complicated process of political and economic divorce from the EU is negotiated. The consequences for the real economy will be comparable only to the financial crisis of 2007-2008.
(Excerpt) Read more at project-syndicate.org ...
Interesting that he calls the immigration problem correctly though.
Lots of fear mongering in this piece (of course) but some interesting tidbits here and there.
I vonder iff Georg vas trying to bring back the chaos off Verld xar II again by fostering Angela’s stupid immigration project.
Does this ninny really think that the Brits (the ones whose families have been around some 9 thousand years) are going to wallow around? No, they’re going to get to it, chin up, moving forward smartly, and, they will be just fine. In fact, better than fine.
First things first, importing REAL toasters and tea kettles.
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