While Project Fear doom mongers among the British establishment / media cabal continue, against all evidence, that the British economy has collapsed catastrophically since the Brexit referendum result was announced in 2016, in reality it the the European union that is on the verge of collapse, Brexit or no Brexit.
As this blog has reported, France is on the brink of social and economic collapse as Emmanuel Marcon’s government demonstrates it is clueless in the face of “Yellow vest” protests against elitist policies that favour the rich and big business. The protests are now so widespread they are hitting the country’s economy while social unrest is growing every day.
In Germany, Hausfrau – Voksfuhrer Merkelo clings to power by her fingernails. Italy’s Eurosceptic double act, Matteo Salvini and Luigi di Maio are determined to be a thorn in the side of Brussels bureaucracy on every issue. The Visegrad group, let by Poland and Hungary are at loggerheads with the EU over Brussel’s efforts to impose mass immigration on them and Spain is being torn apart by regional independence movements.
Meanwhile the massive influx of unskilled migrants the ‘open doors’ immigration policy imposed by Brussels has placed an unsustainable financial burden on member states. It is any wonder financial analysts are predicting the great globalist federalisation project is about to collapse ignominiously.
This year will be harsh for Europe not only due to Brexit, because other member states besides the UK could also bring the bloc down, according to Feierstein. Nationwide protests in France are only the first sign of looming wider unrest, the analyst told RT’s Max Keiser.
“You are gonna see global unrest. I think you’ll it as a feature in Italy when the EU tries to bully them,” the British-American investor noted, citing infective “draconian austerity measures.”
However, not only Italy but also France could follow the fate of debt-ridden Greece, Feierstein warned, noting the low approval rating of President Emmanuel Macron, skyrocketing unemployment, and huge wealth inequality in the country.
“Italy has got four trillion in loans they said there are not going repay… France has got a similar situation but they’ve got civil unrest with the population burning down Paris. So one of them will leave,” he predicted.
Both countries have been breaking EU budget rules. After just one year of compliance in 2018, Paris announced that its budget deficit for 2019 is set to be 0.2 percent higher than the three percent threshold that the bloc’s rules allow. Brussels agreed to tolerate the breach as it had been doing so for almost a decade before Macron’s presidency.
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