-
Brexit debate - fake politics damage the Euro and Sterling
The stage-managed and ‘politics of illusion’ deal on revised EU membership terms for the UK illustrated yet another failure of European decision making. The charade convinced nobody while the much more urgent and pressing migration crisis was virtually ignored. The UK referendum campaign now threatens to generate further instability with both Sterling and the Euro suffering from a lack of economic and political confidence while the ECB will again be called to the rescue. Prime Minister Cameron’s promise to hold an in/out EU referendum might have seemed like the best plan to contain internal party dissent, but ... (full story)