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Vox (November 15)

2018/ 11/ 16 by jd in Global News

Prime Minister Theresa May “and the EU are desperately trying to avoid a no-deal scenario. After months of stalled negotiations, the two sides finally thought they had reached a breakthrough this week that solved some of the thorniest issues of the divorce, and provided for a transition period so they could work out a future trade deal…. But the latest dramatic resignations reveal the obstacles that May faces in finalizing the withdrawal.”

 

Foreign Policy (October 2)

2018/ 10/ 04 by jd in Global News

“A no-deal Brexit will destroy the British economy. The magical wing of the Conservative Party believes that Britain can crash out of the European Union painlessly. It is leading the country into a recession.”

 

Forbes (September 20)

2018/ 09/ 22 by jd in Global News

“Britain’s non-binding resolution, to leave the EU (aka Brexit) is moving forward because one weak-willed and weak-minded politician, U.K. Prime Minister Teresa May, is treating the 2016 opinion poll as legally binding. It wasn’t and isn’t.” It is time for the Prime Minister to “exit Brexit” and “reverse the U.K.’s mistake.”

 

Reuters (August 29)

2018/ 08/ 30 by jd in Global News

“The prospect of a no-deal Brexit is becoming increasingly feasible in the eyes of investors who are hedging against the risk of the currency tanking if Britain is left isolated from the EU, its largest trading partner.” Bank of America Merrill Lynch has warned that central bank selling of more than 100 billion pounds in reserves “could be a major catalyst for a significant sterling downturn” should the UK leave the EU without a deal.

 

BBC (August 23)

2018/ 08/ 25 by jd in Global News

Brexit is “akin to attempting to remove an egg from an omelette” and if there’s not a deal, it’s likely to become an even bigger mess. “Today’s “no deal” papers reveal the complicated exercise could carry significant costs for consumers and businesses if Britain and the EU fail to agree on a transition period and a subsequent trading agreement.” Failure to reach a deal would “very likely to have a negative impact on the economy and could mean higher prices in the shops as firms pass on the higher costs of doing business.”

 

Independent (August 20)

2018/ 08/ 21 by jd in Global News

“The end of the Greek bailout is a reminder, however, that for the EU as a whole enormous tests remain with or without Britain: both as a consequence of the economic uncertainties that continue to plague much of the continent; and as a result of the ongoing need to define the European Union’s status and purpose to the satisfaction of its members, and their own populations.”

 

The Independent (July 23)

2018/ 07/ 25 by jd in Global News

“Cultural history offers no ready cliche for a mesmerically unimpressive travelling salesman, going from town to town, selling something that’s already well-known to be broken beyond repair. This is because, it is probably safe to assume, no one has yet been daft enough to try it. Theresa May’s “Chequers agreement”, the thing which she will spend the summer selling to the country, only actually has one potential customer, and that is the European Union. That customer could not have been more unambiguous about the fact that it will not buy it.”

 

The Economist (July 21)

2018/ 07/ 23 by jd in Global News

“The headquarters of the World Trade Organisation (WTO), on the banks of Lake Geneva, once belonged to the League of Nations. That ill-fated body was crippled by American isolationism. The building’s occupant today is also at the mercy of decisions taken in Washington.” But all is not lost. “Free-traders are right to be deeply worried, but not yet right to despair.” The WTO “may yet be saved” and there are some encouraging signs. For example, “China and the EU agreed on July 16th to co-operate on WTO reform.”

 

Wall Street Journal (July 18)

2018/ 07/ 20 by jd in Global News

To “counter U.S. protectionism, the EU and China are drawing closer together.” While the EU remains at odds with China on certain trade issues, Trump’s tariffs have helped to paint China in a better light globally. “China has increasingly used the mounting trade spats to portray itself as a protector of the rules-based international order, while chastising the U.S. for disrupting global commerce…. China’s engagement with the EU is driven by its desire to keep open world markets that its manufacturers need to thrive.”

 

LA Times (July 12)

2018/ 07/ 14 by jd in Global News

“A visit from The Donald is the last thing England needs right now.” There’s a heat wave, wild fires, Britain’s loss in the World Cup, but most of all, it’s the ongoing turmoil over Britain’s departure from the European Union that will set the backdrop to the Descent of the Donald; an event which, for our embattled prime minister, Theresa May, must seem distinctly hellish.”

 

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