EU

Which part of failed EU don’t the UK politicians get?

Which part of the failed EU project don’t British politicians get? Why would anyone want to remain a member in a club which is so badly failing them? 40m more Europeans under the poverty line since 2007. 118 million in total or 22% of the EU population. Did they forget the Swiss handing back its free pass to enter the EU because they saw no value in joining a club anyone can join. Are the Brits wanting to ditch the pound in favour of a forced euro currency? What merits lie in remaining?

Two more clear examples emerged in the last week to show how more member states are rejecting the elites in Brussels.

League head and Italian Deputy PM Matteo Salvini has seen his party unseat the Democratic Party in Basilicata which had a strong hold on the region for 25 years. At the last election 60% of Italians voted for parties that rejected the EU. This poverty stricken area south of Italy has now endorsed League to take care of its affairs after decades of failure by the pro-EU centre-left incumbent.

Switch to The Netherlands. The anti immigration eurosceptic Forum for Democracy (FvD) Party, established only 2 years ago, took the largest number of seats (13) in the upper house election from zero. The FvD stripped the centre-right of its Senate majority, with PM Rutte’s party losing 7 seats to 31.

Throw on top that, former darling of the left, President Macron, has authorized the army to shoot unarmed yellow vest protesters who are rejecting nose bleed cost pressures for 19 straight weeks. Let’s remain in the EU to endorse such progressive behaviour.

If the board of directors of the EU Club live in denial and fail to listen to the grievances of a growing swell of disgruntled members there can only be one outcome. The club will go out of business. Best that the UK doesn’t renew its membership.

Grazie Mille?

German MEP Elmar Brok has apparently told German media that Nigel Farage has secured Deputy PM Matteo Salvini’s assurance that the Italians will block the plan to extend the Brexit deadline. All 27 EU nations must unilaterally agree to such terms. Nice to see one nation state honour the democracy of another.

Note that even left-leaning UK House of Commons speaker John Bercow has said that May’s mildly altered versions can’t be brought before the House again for another vote. He’s right. Nothing short of wholesale change would alter the current drubbings.

How quickly can Eurocrats back down to offer the deal they probably ought to have done in the beginning? Did the British public ask for a watered down relationship with the EU at the time they voted to leave? No.

Hopefully Farage’s plan works. Sad to see that it takes a foreign leader to uphold democracy in the UK than the very people elected to do so.

Or do we cynically need to consider the idea that the EU will cut Italy some generous concessions to vote with the herd. Although siding with the British forces much needed change within the EU which probably can achieve the same result.

391 vs 242

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UK PM Theresa May had her mildly watered down Brexit proposal scorched to the lower end of expectations at 391-242. The BBC wrote that the plan had “thrown Brexit into confusion” but it couldn’t be any clearer. Leave with No Deal. Any links to the EU contravenes the spirit of the referendum. The BoE has walked back it’s original scare stories of no deal economic catastrophe. What will postponing Brexit do with such a gap? If it were 317-316 one could understand but no motion that tinkers at the edges will be successful if the rift remains this wide.

Brexit – Deal or No Deal

As UK PM Theresa May dithers on whether she wants to extend the deadline to buy more time on Brexit, 115,000 people on a Facebook poll want No Deal than the ridiculous half measures being concocted in the Commons. Politicians may think they know best but it is evident that they don’t. People are fed up with inaction.

The referendum was simple – Leave the European Union – Yes or No? There is little grey area – no backstops, no customs union. It was to leave. In the past 3 years, the EU leaders have only made it more self evident that the UK should quit this federalist bureaucracy. To think they approved Theresa May’s first deal inside 45 minutes tells us all how bad it must be for Britain.

CM is for No Deal. The EU needs reform and signing a deal that allows unelected bodies to dictate national terms and conditions only prolongs the necessity to clean house.

Juncker focuses on the wrong climate

There is an irony to EC President Jean-Claude Juncker promising to spend €1 in €4 of the EU budget on climate mitigation. Worse he used 16yo Swedish climate school strike activist Greta Thunberg as the pawn to justify it. €1 trillion will be spent annually through 2027. It is for their future after all!

Last week CM debated a former client who tried to justify teachers using WMO data in their studies of teenage students on climate. WMO is a part of the U.N. which has been embroiled in so much data manipulation, scandal, lack of governance, unethical conduct and conflicts of interest as to beggar belief. So kids are being indoctrinated if the scholastic standard is the WMO.

Has Juncker considered how his climate plan will alleviate stubborn poverty and anemic economic growth?

EU poverty or risk of exclusion in 2017 stood at 22.4%. So 1 in 4 EU-28 member state citizens are struggling. In Greece it remains high at 35%. In 2007 poverty in the EU-28 was 16%. Even poster child Germany has gone from 16% to 19% in the same period. Macron’s yellow vests are protesting at 17.1% poverty vs 13% in 2007. In 2007 there were 78mn at risk of social exclusion. In 2017 there were 114mn.

The U.N. has called for “no poverty” in 15 years. The EU subscribes to this nonsense. While poverty may have drifted from the post GFC peak of 24.8% in the eurozone, 36mn extra people are unable to afford to heat their homes, afford a colour TV or eat meat, fish or chicken once every two days. These are the EU metrics on poverty. So how does spending €1 trillion per annum to mitigate climate change sit with a growing number of constituents dying to see blazing sunshine bask upon their economic climate?

Retail electricity prices across Europe are up 23% in the last decade. In Germany +39%. Spain +47%, Portugal +50%. Sweden +76%. France +40%. This is what happens when a growing amount of renewables are thrust on the grid. The countries with far lower renewables targets, like Hungary, have seen electricity prices fall. Who’d have thunk?

EU GDP growth has been slowing for the last 5 quarters and expected to slow to 1.1% in the coming quarter.

The EU claimed a 6.6% unemployment rate in Dec 2018. An update is expected on March 1. Is that number realistic if the poverty rate remains so high or is it a reflection of low paying rubbish job opportunities? Greek unemployment is north of 18% and Spain at 15%. Part time employment has grown to 20% from 15% over the last decade. In the Netherlands almost 50% of work is part time.

December 2018 EU industrial production fell 4.2%YoY. Ireland fell back 19.8% and Spain -6.7%. Hardly positive readings.

So instead of promising teenagers a green future, Juncker would find it far more sensible to focus on alleviating the chronic youth unemployment in Europe which remains around 19%. At least Thunberg is likely to skip the unemployment queue by landing a cushy EU job when she graduates unlike her fellow Swedish schoolmates who will face 18% unemployment.

What’s the point of listening to kids pleas to save the planet when the unelected overpaid bureaucracy in Brussels won’t even be able to provide them with a sustainable career to enjoy it? No doubt the kids will realize this folly when they grow up in the real world.

A special place in hell

Ah, the EU. With comments like this from EU Co-President Donald Tusk it sure feels like a warm and embracing place to return to. Supposedly the 17.4 million Brits that voted to leave the EU are equally deserved of a reservation in hell too. His comments perfectly sum up the manner in which the EU thinks of sovereign democracy. It doesn’t. It proves yet again to the British as to why there is absolutely no need to be part of this unelected federation by the back door.

Leaving without a deal is the best outcome because it is the one which the EU least desires. It is the one which outwardly shows other sovereign nations within the EU that the grass is greener outside. Such a scenario puts massive pressure on Brussels to reform, which is what it should already be doing.

Project Fear continues to make the case for the dangers of No Deal. Even the Bank of England has brazenly promoted the idea that GDP would fall 8% in such a scenario. It is concerning that the central bank could credibly put its name to such shonky projections. Ironic that former BoE Governor Mervyn King believes the opposite.

Do we not question as to why PM Theresa May – who should have already resigned – heads back for the umpteenth time to the renegotiation table, the EU has flatly rejected within 5 seconds of an amendment proposal being floated? So much for open dialogue and discussion. Recall the first version of Brexit was signed off by the EU inside of 45 minutes.

Why would the Brits want to be part of a body that flatly refuses to yield any ground on anything? Anyone with common sense can see that locking the UK inside the customs union is not only a betrayal of democracy but a sure fire way to trade itself into a worse position than it began with. It’s like requesting the EU to lock them in prison, hand the keys over to the Brussels guards and believe they will be let out when they’re ready to go.

Failing to grasp capitalism

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Good to see that the alarmists have moved the “saving the planet” argument to repairing 5yo washing machines. 35 years ago, repairing a VHS deck was worth the money. A new deck would set one back multiples of the repair. Can one honestly say they would bother repairing a 5yo deck when the replacement is likely to be near as makes no difference the same, if not cheaper than the repair?

Did the BBC think to measure that a brand new washing machine might consume a quarter of the electricity and half the water of a 5yo one? Over 100s or washes it would pay for its own environmental footprint many times over.

Perhaps the regulators trying to gather momentum behind this ‘grand’ proposal  might let the free market determine whether people would bother to repair a broken appliance based on cost. If they felt compelled to revive a 5yo for the cost of a replacement then so be it. Chances are, like flat screen TVs, capitalism will have brought the cost of a like for like new LED 4K to a quarter of what it cost 5 years ago.

Perhaps Brussels can establish an entire building dedicated to subsidized repair jobs. Spend billions in infrastructure to cater to a question no one is asking

The EU regulators are trying to force manufacturers to make appliances last longer. If a consumer wants to buy a cheap Chinese made fridge and run the risk of it dying too soon, why stop them? If another shopper thinks paying 3x for a fancy Made in Japan fridge on the basis it might last longer, why not let them choose?

Going by the EU directive surely car makers should offer 20 year warranties. Although doesn’t it contradict the push to eradicate fossil fuel sales by 2040. Doesn’t forcing child slave labour in Africa to mine the cobalt to go in batteries propose deeper ethical questions?

Ultimately market forces can quickly determine whether repair is feasible. No need to mandate makers to build equipment that consumers aren’t demanding.

Rest assured people! The EU once launched multi year study on whether water rehydrated or not. Instead of accepting it, the EU introduced laws which prosecuted companies that claimed its water products did! Go figure? It’s journalism like this that makes one think they’re all eating Tide pods.