[h=1]David Cameron’s Gamble Is Paying Off[/h]
http://www.wsj.com/articles/david-camerons-gamble-is-paying-off-1455044547#livefyre-comment
[FONT="]Don’t bet on a British exit from the European Union. Bet on David Cameron, Britain’s prime minister, who is turning a weak hand at home into a strong suit against the EU.[/FONT]
[FONT="]Extracting strength from weakness, Mr. Cameron has been warning the Continentals that his country might vote for “Brexit” in the June referendum if the EU doesn’t deliver on his demands: It’s up to you to save the Union. Add the unspoken threat of Mr. Cameron’s own exit.[/FONT]
[FONT="]It’s blackmail with the gun pointed at oneself, and the gambit is working very nicely. Last week, Donald Tusk, president of the European Council, dispatched a letter laying out a convoluted offer of surrender. It comes in four points:[/FONT]
[FONT="]• Sovereignty. An “ever closer union” doesn’t “compel all Member States to aim for a common destination.” That’s eurospeak for the “opt-out” London has been demanding since the days of Margaret Thatcher. Britain doesn’t gain a full-blown veto, but it does get a “red card” by which 55% of national parliaments can block further centralization. That won’t be hard to do, given the populist agitation against Brussels rising across the EU.[/FONT]
[FONT="]• Welfare Benefits. EU citizens flocking to the greener pastures of England won’t get in-work benefits such as wage subsidies. Nor will they get unemployment pay for the first three months. If the flow continues, Britain could apply an “emergency brake.”[/FONT]
[FONT="]• Euro vs. Pound. Deepening the monetary union “will be voluntary for Member States whose currency is not the euro,” Mr. Tusk soothes. So stop fretting, the pound is yours, and the Bank of England is boss.[/FONT]
[FONT="]• Regulations. The letter pledges less red tape by “lowering administrative burdens.” London needn’t hold its breath. The mantra has been around for decades. But it’s a victory on principles.[/FONT]
[h=4]***[/h][FONT="]Naturally, Britons clamoring for Brexit are fuming. The Express reports “growing anger.” The Telegraph mocks Mr. Cameron’s “dance of the seven veils.” Nigel Farage, leader of the EU-bashing U.K. Independence Party, slams the offer as “pathetic.” Yet the Guardian has it right this time, observing that “the PM has wrung real concessions from Brussels.”[/FONT]
[FONT="]The Continentals have indeed yielded on the basics. The rest is just haggling about the devilish details between now and June.[/FONT]
[FONT="]If Mr. Cameron is playing a reckless game, he does so at the home table only. Public opinion, whipped up by the eurosceptic Tories and UKIP members in cahoots with the tabloids, has been tilting toward Brexit. Some polls have the two sides running neck and neck. But the more they rant, the more they strengthen Mr. Cameron’s hand as he takes on France, Germany and Italy, the “Big Three.” Mr. Cameron knows this, and so do the Continentals.[/FONT]
[FONT="]All eyes are of course on Germany’s Chancellor Angela Merkel. She praises Britain as a “natural ally” in the battle for “more EU competitiveness,” where the booming U.K. shines forth while France and Italy groan under double-digit unemployment. But economics is but one reason that Mrs. Merkel insists on the U.K. “remaining a member of the EU.”[/FONT]
[FONT="]Britain embodies cultural affinity. It’s a 1,000-year-old liberal state with a global outlook that favors openness and free trade. In a crunch, London will use force abroad, which the chancellor’s own electorate is loath to do. And Britain makes for a counterweight against French Continentalism. Count on Mrs. Merkel to pull the right strings.[/FONT]
[FONT="]Paris is all bluster when it comes to “Perfidious Albion” as saboteur of “ever deeper union.” But in truth, the French also want Britain as counterweight—as reinsurance against Europe’s No. 1, Germany.[/FONT]
[FONT="]Europe won’t be better off without Britain. But neither would the U.K. without the EU. Isolation wouldn’t be splendid. Britain would lose leverage in Washington, cede London’s financial primacy to Frankfurt and scare off investors who use the Isles as a springboard into the EU’s markets.[/FONT]
[FONT="]Then there is the sheer illogic of leaving the EU.[/FONT]
[FONT="]The false dream is to pry off Brussels’s heavy hand and to seek happiness in the wider European Economic Area. True, the EEA extends the benefits of the single market beyond the EU’s 28 members to such heavyweights as Iceland, Liechtenstein, Norway and Switzerland. But EEA members are subject to the same regulations as the EU core. The tag-alongs pay into the EU’s coffers, but cannot help write the rules. An exit from the EU would therefore leave Britain with a similar burden, but no say—a net loss.[/FONT]
[FONT="]It shouldn’t exceed Mr. Cameron’s rhetorical savvy to score on this point in the battle for his nation’s hearts and minds. Plus, precisely because he is hounded at home, he brings the greater blackmail potential to Brussels the table: If I lose, the yahoos win, sending the Union into tailspin.[/FONT]
[FONT="]Mrs. Thatcher played the same winning game in 1984 when she bellowed: “We want our money back!” Once more, the duel isn’t about the principle, but the price, of Britain’s membership in the EU. Trust Europe to pay more. And trust Mr. Cameron to gild the goodies he brings back as a full-scale victory. The odds are on his side.
........
Europe futures are down 7%....SEVEN........
Mr Cameron, ya need a rally at the polls.......[/FONT]
http://www.wsj.com/articles/david-camerons-gamble-is-paying-off-1455044547#livefyre-comment
[FONT="]Don’t bet on a British exit from the European Union. Bet on David Cameron, Britain’s prime minister, who is turning a weak hand at home into a strong suit against the EU.[/FONT]
[FONT="]Extracting strength from weakness, Mr. Cameron has been warning the Continentals that his country might vote for “Brexit” in the June referendum if the EU doesn’t deliver on his demands: It’s up to you to save the Union. Add the unspoken threat of Mr. Cameron’s own exit.[/FONT]
[FONT="]It’s blackmail with the gun pointed at oneself, and the gambit is working very nicely. Last week, Donald Tusk, president of the European Council, dispatched a letter laying out a convoluted offer of surrender. It comes in four points:[/FONT]
[FONT="]• Sovereignty. An “ever closer union” doesn’t “compel all Member States to aim for a common destination.” That’s eurospeak for the “opt-out” London has been demanding since the days of Margaret Thatcher. Britain doesn’t gain a full-blown veto, but it does get a “red card” by which 55% of national parliaments can block further centralization. That won’t be hard to do, given the populist agitation against Brussels rising across the EU.[/FONT]
[FONT="]• Welfare Benefits. EU citizens flocking to the greener pastures of England won’t get in-work benefits such as wage subsidies. Nor will they get unemployment pay for the first three months. If the flow continues, Britain could apply an “emergency brake.”[/FONT]
[FONT="]• Regulations. The letter pledges less red tape by “lowering administrative burdens.” London needn’t hold its breath. The mantra has been around for decades. But it’s a victory on principles.[/FONT]
[h=4]***[/h][FONT="]Naturally, Britons clamoring for Brexit are fuming. The Express reports “growing anger.” The Telegraph mocks Mr. Cameron’s “dance of the seven veils.” Nigel Farage, leader of the EU-bashing U.K. Independence Party, slams the offer as “pathetic.” Yet the Guardian has it right this time, observing that “the PM has wrung real concessions from Brussels.”[/FONT]
[FONT="]The Continentals have indeed yielded on the basics. The rest is just haggling about the devilish details between now and June.[/FONT]
[FONT="]If Mr. Cameron is playing a reckless game, he does so at the home table only. Public opinion, whipped up by the eurosceptic Tories and UKIP members in cahoots with the tabloids, has been tilting toward Brexit. Some polls have the two sides running neck and neck. But the more they rant, the more they strengthen Mr. Cameron’s hand as he takes on France, Germany and Italy, the “Big Three.” Mr. Cameron knows this, and so do the Continentals.[/FONT]
[FONT="]All eyes are of course on Germany’s Chancellor Angela Merkel. She praises Britain as a “natural ally” in the battle for “more EU competitiveness,” where the booming U.K. shines forth while France and Italy groan under double-digit unemployment. But economics is but one reason that Mrs. Merkel insists on the U.K. “remaining a member of the EU.”[/FONT]
[FONT="]Britain embodies cultural affinity. It’s a 1,000-year-old liberal state with a global outlook that favors openness and free trade. In a crunch, London will use force abroad, which the chancellor’s own electorate is loath to do. And Britain makes for a counterweight against French Continentalism. Count on Mrs. Merkel to pull the right strings.[/FONT]
[FONT="]Paris is all bluster when it comes to “Perfidious Albion” as saboteur of “ever deeper union.” But in truth, the French also want Britain as counterweight—as reinsurance against Europe’s No. 1, Germany.[/FONT]
[FONT="]Europe won’t be better off without Britain. But neither would the U.K. without the EU. Isolation wouldn’t be splendid. Britain would lose leverage in Washington, cede London’s financial primacy to Frankfurt and scare off investors who use the Isles as a springboard into the EU’s markets.[/FONT]
[FONT="]Then there is the sheer illogic of leaving the EU.[/FONT]
[FONT="]The false dream is to pry off Brussels’s heavy hand and to seek happiness in the wider European Economic Area. True, the EEA extends the benefits of the single market beyond the EU’s 28 members to such heavyweights as Iceland, Liechtenstein, Norway and Switzerland. But EEA members are subject to the same regulations as the EU core. The tag-alongs pay into the EU’s coffers, but cannot help write the rules. An exit from the EU would therefore leave Britain with a similar burden, but no say—a net loss.[/FONT]
[FONT="]It shouldn’t exceed Mr. Cameron’s rhetorical savvy to score on this point in the battle for his nation’s hearts and minds. Plus, precisely because he is hounded at home, he brings the greater blackmail potential to Brussels the table: If I lose, the yahoos win, sending the Union into tailspin.[/FONT]
[FONT="]Mrs. Thatcher played the same winning game in 1984 when she bellowed: “We want our money back!” Once more, the duel isn’t about the principle, but the price, of Britain’s membership in the EU. Trust Europe to pay more. And trust Mr. Cameron to gild the goodies he brings back as a full-scale victory. The odds are on his side.
........
Europe futures are down 7%....SEVEN........
Mr Cameron, ya need a rally at the polls.......[/FONT]
[h=1]David Cameron says state pensions could be at risk if Brexit becomes reality[/h][FONT="]David Cameron has warned that pledges to raise state pensions every year and ringfence spending for the NHS may have to be ditched in a brutal new phase of austerity if the country votes for Brexit.[/FONT]
[FONT="][h=1]Guardian Live PodcastWhat would Brexit mean for the UK? - Guardian Live event[/h][/FONT]
[FONT="]Guardian writers Polly Toynbee,Larry Elliott, NatalieNougayrède and Rafael Behranalyse the EU exit and remain campaigns[/FONT]
[FONT="]Listen[/FONT]
[FONT="]With Downing Street increasingly anxious about levels of support for leaving the EU, particularly among Labour voters, the prime minister says people need to focus on the “cold reality” of what Brexit would mean to their everyday lives and what they value most.[/FONT]
[FONT="]In an exclusive interview with the Observer, with only 12 days to go until the crucial referendum vote, Cameron insists he is not trying to scare people but is focusing on the reality of what life would be like outside the EU and the world’s largest trading market.[/FONT]
[FONT="]He says the so-called “triple lock” that guarantees annual increases in state pensions, ringfenced spending on the NHS, free TV licences and bus passes for pensioners, as well as defence spending would all be under threat.[/FONT]
[FONT="][h=1]David Cameron on the prospect of Brexit: ‘Leave want to take the country backwards’[/h][/FONT]
[FONT="]Read more[/FONT]
[FONT="]The prime minister argues that a “black hole” in the public finances – predicted by the Institute for Fiscal Studies by 2020 in the event of Brexit – would threaten the very services that people cherish and rely on most.[/FONT]
[FONT="]Annual state pension increases are currently guaranteed by the triple lock, which ensures they rise in line with whichever is higher: earnings, inflation or 2.5%. But if Brexit happened this costly commitment would be in doubt.[/FONT]
[FONT="]“You would have to start cutting things that people really value, whether it is the money going to the NHS or whether it is support for our pension system, and that could mean reviewing the triple lock,” the prime minister says.[/FONT]
[FONT="]Cameron insists he fully intends to honour a commitment to increase NHS spending by £10bn by 2020 but adds: “If we leave, independent and respected experts like the IFS and National Institute for Economic and Social Research say that by 2020 we will face a black hole in our public finances of up to £40bn.[/FONT]
[FONT="]“In those circumstances, future funding for the NHS could be at risk. Our ability to ringfence and protect spending on health could be at risk, too. This is the cold reality of leaving the EU – that’s why doctors, nurses and the boss of the NHS all say we will be stronger, safer and better off in the EU.”[/FONT]
[FONT="]Senior sources in the Remain camp said Cameron’s remarks were part of a deliberate attempt to “nail the lie” being spread by the Leave campaign, headed by Boris Johnson and Michael Gove, that quitting the EU would free up money that could be spent on public services.[/FONT]
[FONT="]Remain says the impact on economic activity and, as a result, tax receipts into the exchequer would lead to a massive shock and new public spending cuts.[/FONT]
[FONT="]Cameron made clear that in the coming week leading Labour figures, including leader Jeremy Corbyn, London mayor Sadiq Kahn, former premier Gordon Brown and former home secretary Alan Johnson would be given centre stage in the remain campaign, so that they could appeal directly to Labour followers. He called on them not to use the 23 June vote as a chance to punish him or the Tories but to support what is a huge coalition from the left and right that is backing continued EU membership.[/FONT]
[FONT="]The vote was “more important than a general election”, Cameron said. He added: “They are voting for a generation, for a lifetime. It is about their children, and grandchildren. What I would say to [Labour voters] is, look at the scale, look at the range behind Stronger In. You have got the trade unions, Greens, the Lib Dems, Labour, a Conservative government. It is a very, very big coalition.”[/FONT]
[FONT="]The latest Opinium/Observer poll shows the result still too close to call, with Remain on 44%, Leave on 42% and those who say they don’t know how they will vote on 13%.
..........
Mr Cameron it appears the people aren't buying what you're saying[/FONT]
[FONT="][h=1]Guardian Live PodcastWhat would Brexit mean for the UK? - Guardian Live event[/h][/FONT]
[FONT="]Guardian writers Polly Toynbee,Larry Elliott, NatalieNougayrède and Rafael Behranalyse the EU exit and remain campaigns[/FONT]
[FONT="]Listen[/FONT]
[FONT="]With Downing Street increasingly anxious about levels of support for leaving the EU, particularly among Labour voters, the prime minister says people need to focus on the “cold reality” of what Brexit would mean to their everyday lives and what they value most.[/FONT]
[FONT="]In an exclusive interview with the Observer, with only 12 days to go until the crucial referendum vote, Cameron insists he is not trying to scare people but is focusing on the reality of what life would be like outside the EU and the world’s largest trading market.[/FONT]
[FONT="]He says the so-called “triple lock” that guarantees annual increases in state pensions, ringfenced spending on the NHS, free TV licences and bus passes for pensioners, as well as defence spending would all be under threat.[/FONT]
[FONT="][h=1]David Cameron on the prospect of Brexit: ‘Leave want to take the country backwards’[/h][/FONT]
[FONT="]Read more[/FONT]
[FONT="]The prime minister argues that a “black hole” in the public finances – predicted by the Institute for Fiscal Studies by 2020 in the event of Brexit – would threaten the very services that people cherish and rely on most.[/FONT]
[FONT="]Annual state pension increases are currently guaranteed by the triple lock, which ensures they rise in line with whichever is higher: earnings, inflation or 2.5%. But if Brexit happened this costly commitment would be in doubt.[/FONT]
[FONT="]“You would have to start cutting things that people really value, whether it is the money going to the NHS or whether it is support for our pension system, and that could mean reviewing the triple lock,” the prime minister says.[/FONT]
[FONT="]Cameron insists he fully intends to honour a commitment to increase NHS spending by £10bn by 2020 but adds: “If we leave, independent and respected experts like the IFS and National Institute for Economic and Social Research say that by 2020 we will face a black hole in our public finances of up to £40bn.[/FONT]
[FONT="]“In those circumstances, future funding for the NHS could be at risk. Our ability to ringfence and protect spending on health could be at risk, too. This is the cold reality of leaving the EU – that’s why doctors, nurses and the boss of the NHS all say we will be stronger, safer and better off in the EU.”[/FONT]
[FONT="]Senior sources in the Remain camp said Cameron’s remarks were part of a deliberate attempt to “nail the lie” being spread by the Leave campaign, headed by Boris Johnson and Michael Gove, that quitting the EU would free up money that could be spent on public services.[/FONT]
[FONT="]Remain says the impact on economic activity and, as a result, tax receipts into the exchequer would lead to a massive shock and new public spending cuts.[/FONT]
[FONT="]Cameron made clear that in the coming week leading Labour figures, including leader Jeremy Corbyn, London mayor Sadiq Kahn, former premier Gordon Brown and former home secretary Alan Johnson would be given centre stage in the remain campaign, so that they could appeal directly to Labour followers. He called on them not to use the 23 June vote as a chance to punish him or the Tories but to support what is a huge coalition from the left and right that is backing continued EU membership.[/FONT]
[FONT="]The vote was “more important than a general election”, Cameron said. He added: “They are voting for a generation, for a lifetime. It is about their children, and grandchildren. What I would say to [Labour voters] is, look at the scale, look at the range behind Stronger In. You have got the trade unions, Greens, the Lib Dems, Labour, a Conservative government. It is a very, very big coalition.”[/FONT]
[FONT="]The latest Opinium/Observer poll shows the result still too close to call, with Remain on 44%, Leave on 42% and those who say they don’t know how they will vote on 13%.
..........
Mr Cameron it appears the people aren't buying what you're saying[/FONT]
[FONT="]
[/FONT]
[FONT="]Joanna Sugden
[FONT="]in Now
[/FONT]
If the British public votes to leave the European Union, U.K. politics could be thrown into turmoil.
Prime Minister David Cameron, who called the referendum and spearheaded the campaign to remain in the EU, would likely face calls to step down—a move that would trigger a Conservative Party leadership contest and potentially trigger a general election.
Here’s a guide to what might happen politically in the event a vote for Britain’s exit from the EU, or so-called Brexit.
[/FONT]
[FONT="]Joanna Sugden
[FONT="]in Now
[/FONT]
If the British public votes to leave the European Union, U.K. politics could be thrown into turmoil.
Prime Minister David Cameron, who called the referendum and spearheaded the campaign to remain in the EU, would likely face calls to step down—a move that would trigger a Conservative Party leadership contest and potentially trigger a general election.
Here’s a guide to what might happen politically in the event a vote for Britain’s exit from the EU, or so-called Brexit.
[/FONT]
Guys, you really don't think the powers that be would take the chance of England leaving and starting a domino effect of other countries leaving the EU, do you??
this vote is going to be fixed so England stays in the EU. I do not see how it is not a fixed vote. Too much on the line for the powers that be in the EU
to even chance having all their hard work go for naught...
It's just a dog and pony show that's all this vote is... I would love to see the EU dissolve...
this vote is going to be fixed so England stays in the EU. I do not see how it is not a fixed vote. Too much on the line for the powers that be in the EU
to even chance having all their hard work go for naught...
It's just a dog and pony show that's all this vote is... I would love to see the EU dissolve...
It's BREXIT! EU referendum delivers a resounding Leave vote as Nigel Farage hails a 'victory for real people' - but Pound slumps to 31 YEAR low and stocks tumble as markets panic
Read more: http://www.dailymail.co.uk/news/art...a-Remain-pins-hopes-London.html#ixzz4CSuuCCbP
Follow us: @MailOnline on Twitter | DailyMail on Facebook
- Massive 22-point win for Leave in Sunderland signalled the direction of the battle in dramatic night of results
- Brexit camp also turned the tables in Swansea, where Remain had been expected to romp home by 10 points
- Vote in favour of EU membership was very strong in London and Scotland
- But experts say impossible for In to triumph after losing Birmingham, Southampton, and much of North of England
- Pound has slumped to a 31-year low as markets take fright at looming result
- Ukip leader Nigel Farage has hailed a 'victory for real people' and said it is Britain's 'Independence Day'
- David Cameron will give his response to the result within hours and could declare he will quit
- Brexit supporting MPs have delivered a letter to PM urging him to stay on whatever the outcome
Read more: http://www.dailymail.co.uk/news/art...a-Remain-pins-hopes-London.html#ixzz4CSuuCCbP
Follow us: @MailOnline on Twitter | DailyMail on Facebook
The beginning of nationalism over globalism. The trend will continie in the USA. Could have gotten +375 on to leave
early this morning. Terrible day for socialism. Made a small bet after ISIS killed so many French in March,
321044175 - 1
| Mar 22, 2016 04:44 PM | Future/Prop | $25.00 | $47.50 | Politics - UK Politics - Brexit Referendum - Vote to leave the EU +190 |
...all around the globe, govts running fiscally irresponsible shit shows..for years..........EVENTUALLY shit will hit the fan. Has in Europe. .....do the central bankers have any monetary engineering tools to fix this?
Nikkei is down SEVEN %
S&P likely to give its ytd gains all back tomorrow...........
.... dominos........
Nikkei is down SEVEN %
S&P likely to give its ytd gains all back tomorrow...........
.... dominos........
