The “eternal return” to a proposal to leave the euro seems to be an irresistable force for some people. A current case in point is Italy, but there are a couple of interesting precedents in the files, like Greece and Ireland.
John Bruton (Fair Observer) | The decision to opt for Brexit was based on a deep-seated wish to assert an English sense of identity.
The party for Brexit, or more like the wake, has begun and the first victims are some of the most well known brands on the high street.
The almost unanimous wish of the Gibraltarians to remain in the UE makes it difficult for them to fit into Brexit. There are proposals which will benefit everyone, and are far removed from the threats. The Real Instituto Elcano proposes following the models of Andorra and the Islands of Man, Jersey and Guernsey.
Europe, where everyone is against everbody else. The victory in Italy of the populist Five Star Movement and Lega has shattered into a million pieces the slight possibilities of having a more united Europe, or a more federal one, or whatever you want to call it.
John Bruton | On March 2, British Prime Minister Theresa May delivered a key speech on the United Kingdom’s future relationship with the European Union. My first reaction was that the UK is going to put itself and other EU countries through a lot of trouble just so it can leave the union and then rejoin it in selected areas.
The United Kingdom can no longer count on the unequivocal support of its allies and the country’s exit from the European Union is already taking a toll on its international clout.
Fair Observer | Leaving the European Union is not that simple. Having pulled off a last-minute agreement with the European Commission to move forward, Brexit Britain is feeling the burn this winter. The next stage is the big one: future trade relations. If all goes well, the talks should be coming to a close by fall 2018.
The City’s conclusion is that, in relation to their size, the US private equity firms could dedicate more time and deploy more capital in Europe, to the benefit of everyone. But these firms still have doubts about the future of the Eurozone after Brexit. Other non-US and non-European actors are grabbing those opportunities reticent US investors are letting pass by.