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The New EU is Even More Insane than the Old EU

The new leadership team of the EU is insane. They learned nothing from May’s vote which saw the middle ground occupied by Angela Merkel lose ground.

Euroskeptics doubled their representation while nationalist Greens gained ground as well. The European People’s Party lost significant clout and was forced into unprecedented haggling over the leadership bloc.

Merkel, now having no political future to protect, as her last act of betrayal to Germany engineered the ‘election’ of Ursula von der Leyen to replace Jean-Claude “When things get tough you have to lie” Juncker as European Commission President.

Von der Leyen is more of a euro-integrationist than Juncker was. It’s clear they circled the wagons knowing that, as Nigel Farage points out in this clip, the EU will look nothing like it does now in five years when her term is up.

Just like the EU today looks nothing like it did in 2014 when Juncker took over.

So, it’s time to go for broke and push for everything before it all falls apart. But the trends are clear. von der Leyen is the past and Nigel Farage is the future of Europe.

More of everything EU is expected from them and there’s every reason to take them at their word.

The only interesting thing von der Leyen said here was that they would be happy to offer another extension. That’s only interesting because it sets her at odds with French President Emmanuel Macron.

Of course the EU is happy to keep the UK in limbo.

But here’s the rub. The Brexit Party polling just behind Tories, who have rallied behind Boris Johnson to stabilize their poll numbers. Johnson has to keep talking No-Deal Brexit or the knives come out for him.

But the EU, regardless of what happens next week when the votes for Prime Minister are revealed, isn’t done with the UK.

They are still looking to send stern warnings to the rest of Europe.

Case in point is its pointless spat with Switzerland over stock market access, which went into effect on July 1st. The EU, spitefully and with full admission of sending a message to London, refused to extend existing agreements to allow Swiss traders to trade on EU bourses. The Swiss responded in kind.

And despite the worst hand-wringing it seems in these first few weeks of trading, nothing of note has occurred. But Bloomberg (see link above) will never back off on the future doom porn, because you know, reasons.

Swiss stocks have well bid, there are no significant price arbitrages and trading flows are adjusting because that’s what people do.

If the Swiss can stand up to the EU, who are surrounded by them and do much more business with them than the UK as a percentage of domestic trade, then so can London.

This was supposed to scare more City of Londoners into pushing for Merkel and May’s Terrible Treaty.

I think looking at the depths to which the EU will reach to maintain their present course is far scarier.

Mish has a great on the timeline of how to stop Brexit through a no-confidence vote. It’s worth every bit of your time. Basically, the window is closing quickly. And the Remainers, like Dominik Grieve, are running out of time to come up with a plan.

Parliament passed a motion that keeps Johnson from proroguing past the Halloween deadline. But, that’s wasted effort. They have less than a week to call for a vote of no-confidence to organize another election before October 31st…[ ]

What do you think?

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