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The Bruges Group spearheaded the intellectual battle to win a vote to leave the European Union and, above all, against the emergence of a centralised EU state.
The Bruges Group spearheaded the intellectual battle to win a vote to leave the European Union and, above all, against the emergence of a centralised EU state.
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Bruges Group Blog

Spearheading the intellectual battle against the EU. And for new thinking in international affairs.

Globalisation: The God That Failed

Globalisation
Analysis by Prof MLR Smith & Dr Niall McCraeBefore the coronavirus pandemic, who knew that the country with the largest Chinese diaspora in Europe is Italy? The leather sofa in many a British living room may have arrived with the label 'Made in Italy' but was quite possibly sewn by Chinese hands in the employ of a Chinese company. Let us explai...
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  5593 Hits

Here We Go Again

Boris-Dilema
One would be forgiven if they only half-heartedly pledged their support to Boris Johnson after he stated that he would get Brexit done. So far, the bill has made it through parliament without a hitch and the 31st January 2020 was a celebratory moment…until Coronavirus. Death tolls are rising throughout the world as countries fail to contain the spr...
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  155 Hits

A People's Budget By a People's Government

Rishi-Sunak
Last Wednesday, the Chancellor of the Exchequer, Rishi Sunak, celebrated 28 days in Number 11, following Sajid Javid's resignation, by presenting his budget to the House. This budget delivered by the Richmond MP is arguably the most favourable budget since the days of Nigel Lawson standing at the dispatch box outlining his financial forecasts and s...
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  527 Hits

COVID-19: The Death Knell of the EU?

EU-Falling
If I had to attribute my entry onto the political stage to any individuals, it would be Mark Carney, George Osborne and Theresa May. Not because I was inspired by any of them but as a result, in the case Mrs. May, of her total ineptitude over Brexit and, in the case of the first two, the inordinate amount of nonsense they spouted in the run-up to a...
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  1301 Hits

Ben Habib: The Brexit Barometer

Ben-Habib
I would like to share with you the speech and presentation I made at The Bruges Group annual conference in London on the 7th March.Whilst the UK officially left the EU on 31 January, it remains in its Single Market [paying some £1 billion (net) a month], its Customs Union and subject to the supremacy of the Court of Justice of the EU (CJE...
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  723 Hits

The Impact of Brexit on the Property Market

union-jack-house
Brexit has been the key topic of conversation for many people over the last three years, and since the deal was finalised towards the end of January, the property market has seen a huge increase due to market stability and confidence with investment. Those who are looking at UK property may find the impact of Brexit on the property market highly in...
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  318 Hits

Post-Brexit Britain Will be a Success Story: Professor Tim Congdon CBE

Brexit-success
​Following the speeches of Mark Francois MP and Andrea Jenkyns MP, we are delighted to publish Professor Tim Congdon CBE's presentation to the Bruges Group annual conference on March 7th 2020. The Demographic Fate of NationsWomen need to have 2.1 children on average in order to replace the current generation. Suppose that they have less than 2...
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  600 Hits

Andrea Jenkyns: Brexit Means a Truly Global Britain

Andrea-Jenkyns
On Saturday 7th March, we were hugely honoured to be addressed by Deputy Chair of the ERG, Andrea Jenkyns MP, at our annual conference. Andrea is a staunch Brexiteer and friend of The Bruges Group, she was a more than vocal critic of Mrs May during her time in office and dealt several blows to her Withdrawal Agreement proposals by taking a firm sta...
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  876 Hits

Mark Francois: "Boris will be Battling for Britain in the EU Trade Talks"

Mark-Francois
The Bruges Group were honoured to have The Rt. Hon. Mark Francois MP, Chairman of the ERG, address our annual conference at Buckingham Gate in London on Saturday 7th March. The Bruges Group conference proved, as ever, to be an immensely popular event with a sold out conference room and addresses from senior politicians and economists, such as Mr Fr...
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  913 Hits

Investing After Brexit: Is Bitcoin Your Best Hope?

Bitcoin
Brexit is finally underway. By January 2021, the UK will be in a new position to help redefine itself in the world of global trading. Hopefully, it's going to put the country in a far more flexible economic environment. Free from the shackles of EU trading coffers, exciting times lie ahead, not only for businesses and their owners but for everyday ...
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  95 Hits

An Invisible Warfare

Boris-and-Macron
The European Union is facing one of its biggest challenges with the departure of one of its largest financial contributors in a midst of a widespread debt crisis. The United Kingdom on the other hand may have avoided one by implementing the 2016 referendum results thanks to Boris Johnson's thumping majority at the last General Election in Dece...
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  829 Hits

In Memoriam: Hugo Van Randwyck

Hugo-Van-Randwyck
In Memoriam,The widely-admired political activist Hugo van Randwyck, passed away on Sunday, 26 January 2020. Hugo was born in the Netherlands in April 1962 to Dutch parents; his father was Baron Frans Otto van Randwyck. He was brought up in Hong Kong, Japan and South Africa and educated at Great Friars Prep School and Felsted Public Schoo...
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  689 Hits

Post Brexit Priorities

Government
Boris Johnson and the Conservatives winning a more than impressive 365 seats last December, it gives the PM a working majority, something we haven't seen since the close of the Blair/Brown era.It is fair to say that the next step of Brexit will soon be taken; having left the EU further delays for implementation legislation were not tolerated. But w...
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  1865 Hits

Aid - a History of Waste and Self Harm

DFID
The first part of this article describes my experience of aid, starting over 40 years ago in Africa, and then in the ex-Soviet Union. Some will hotly deny my conclusions, but their veracity is only too apparent in the current state of the world and the decline in western values. Part one deals with the background and part 2 illustrates it...
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  1831 Hits

Will It Be Easier To Get Finance After Brexit?

strip
The financial ramifications of Brexit are still very uncertain and perhaps the most anticipated aspect of the withdrawal negotiations. Although progress is being made, all the experts, including MSE's founder Martin Lewis and the Bank OF England, are encouraging Brits to be prepared for some fluctuations and uncertainty whilst the dust settles. Tod...
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  1282 Hits

Brexit Party MEP: 'Boris' Deal is NOT Brexit'

Boris-and-Ben-Habib
This article was initially published on BrexitCentral ​https://brexitcentral.com/why-the-brexit-party-maintains-that-boris-johnsons-deal-is-not-brexit/ ​by Brexit Party MEP, Ben Habib Ben Habib believes there is an "understandable desire amongst many Brexiteers to accept Boris Johnson's deal". Everyone is battle weary, but it is prec...
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Guest — Coram Deo
PETITION: WE DEMAND A CONSERVATIVE & BREXIT PARTY LEAVE ALLIANCE The refusal of the Tories and the Brexit Party to do a deal puts ... Read More
Thursday, 07 November 2019 20:47
  1679 Hits

Flawed Outcome is a Tolerable Price to Pay for Our Freedom

Boris-thumbs-up
Initially published in The Daily Telegraph by Martin Howe QC, Chairman of Lawyers for Britainhttps://www.telegraph.co.uk/politics/2019/10/18/flawed-outcome-tolerable-price-pay-freedom/ First, the positives. Boris Johnson's deal is miles better than Theresa May's ghastly capitulation. The Northern Ireland backstop protocol in the Withdrawal Agr...
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  1253 Hits

SNP is Failing on a Daily Basis

SNP
Beset by failure in running Scotland, at the SNP party conference in October leader Nicola Sturgeon was forced to bring forward her plan to hold a second referendum on Scottish independence in 2020.With all the SNP's legal moves against Brexit fizzling out or falling on stony ground, it has been forced by the success of Brexit arguments to reveal i...
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  4802 Hits

'The European Project is Making People Poorer'

UK-EU-fight
Have we in the UK been getting steadily poorer year-on-year over 46 years in the "European Project" [the EEC and then the EU] than if the UK had been out?What is the evidence?Remainers claim "We're better off in". But is it true? And if "We're better off out" people should know. The UK is tipped to overtake Germany and become the largest economy in...
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Clifford Miller
Comment deleted - points now incorporated into main article.
Friday, 25 October 2019 05:27
Guest — Ian
Great read, many thanks for your hard work in pulling this together.
Friday, 25 October 2019 09:37
Clifford Miller
Comment deleted - points now incorporated into main article.
Saturday, 26 October 2019 20:48
  3647 Hits

Trade Deals, the Ins and Outs for Post Brexit Britain

Liz-Truss
What's so good about free trade agreements? They make the rich richer, workers poorer, and they rob countries of the ability to plan.For decades we have been told that global free trade – where goods can be imported and exported without restrictions or tariffs – is the route to prosperity. Impressive international institutions have been constr...
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  1511 Hits

A Re-heated Vassalage Treaty will be the Mother of All Betrayals

Boris-and-Theresa-May-1
The week of 14th – 19th October will be one of the momentous weeks in British political history. Prime Minister Johnson will attend an EU summit in Brussels on Thursday 17th and Friday 18th October. On Saturday 19th October, the House of Commons will sit in emergency session for the first time since 1982.During this summit he will potentially agree...
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  1789 Hits

The Facts About Brexit

Brexit-Boris-CPC19
Authors: Ethan Thoburn, Charles Wynne and Luke Alsford There are plenty of people talking about no deal Brexit at the moment and with Boris Johnson looking ever more likely to deliver that, we at The Bruges Group thought we would put together sort of a fact sheet on No Deal and how it won't leave us on a so called cliff edge as lots of the med...
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  3780 Hits

Between a Rock and a Hard Place

Boris-and-Farage
There is probably no greater struggle in life than the one with oneself. The European Union has always been a contentious issue in this country this is why David Cameron decided to call a referendum. The so-called Remainers believed wholeheartedly that they could win it and lay to rest once and for all oppositions to the UK's EU membership, but it ...
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Guest — Ray Rivers
Fabulous
Thursday, 10 October 2019 07:53
  938 Hits

Deal? Withdrawal Agreement? Treaty?

Theresa-May-and-Juncker
The same four-letter word is being constantly branded around by the media. Whether talking about Theresa May's legacy, or discussing Boris Johnson's new negotiation, it never fails to disappear. That four-letter word is "deal". Yet this "deal": offered by Brussels, sold by Theresa May, defeated by MPs; seems dangerously close to being reborn. This ...
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  1435 Hits

Time for a Royal Commission

Boris-and-the-Queen
Eighty minutes on the clock, and after some dubiously-awarded penalty kicks, the side in blue shirts with yellow stars is on the cusp of victory. In a moment of high drama, Boris Johnson grabs the ball and makes one last desperate lunge. Forcing his way through the serried ranks of naysayers, he gets the ball over the line. Brexit at last? We live ...
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  1333 Hits

Boris Binning the Backstop Isn't Brexit

Boris-and-Theresa-May
​1. This Agreement – even without the 'Backstop' - will put the UK under the de facto jurisdiction of a group of 27 foreign powers, leaving the UK powerless to veto laws or procedures affecting the UK and its citizens. (Articles 4, 86, 87, 89, 132, 168, 174)2. The EU27 can make decisions behind closed doors which can profoundly affect British busin...
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Recent Comments
Guest — william spring
Totally agree. At the same time we must congratulate Boris & the AG for their swash bucking destruction of the remain case in Parl... Read More
Thursday, 26 September 2019 22:54
Guest — Adam Hiley
get rid of this corrupt Remoaner infested Parliament now eutruth.org.uk
Sunday, 20 October 2019 16:58
  2197 Hits

Why as a Conservative Member, I support Farage's Clean Brexit

Nigel-Farage
A Withdrawal Agreement isn't a managed, amicable departing of ways, it is an unnecessary albatross around the neck of Albion – we must leave without one. Since late 2017, I have concurred with the view that the entire process of Article 50 of the Lisbon Treaty, which allocates of two years of negotiation between departing member-state with the...
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'Why we Support Brexit': Robert and Sally Wright

1568699240263_237 Sally Wright, Robert Wright and I with Charles Moore at the Institute of Directors earlier this year
After previously speaking to Brexit supporting student Alice Grant and then royal superfan and former Labour Party member Joseph Afrane, this episode I spoke to the organisers of the 'We Voted Leave' group, Robert and Sally Wright. Robert and Sally coordinate the Leave protesters, who represent the 17.4m Leave voters, around College Green and Parli...
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Recent Comments
Guest — Adam Hiley
these Remoaners need throwing off a roof or a bullet between their beady little eyes sick of them throw them out now eutruth.org... Read More
Saturday, 19 October 2019 16:48
Guest — Adam D Hiley
apologies for my extreme reaction towards Remoaners it is they make Me so angry especially the rabble in Parliament their Friends ... Read More
Thursday, 14 November 2019 20:27
  2154 Hits

Project Fatigue

Boris-fatigue
Project Fear 3.0 has been in full swing since the summer as we approach 31st October 2019, the third date for leaving the EU. The unfortunate citizens of the UK who wish to leave the European Union have been fed wall-to-wall saturation coverage of how terrible Brexit will be. TV stations, newspapers, magazines and social media advertisements contin...
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Guest — Adam Hiley
no more messing around leave now tell Barnier to get lost also remind this arrogant Frenchie if it wasn't for Britain the Commonw... Read More
Thursday, 19 September 2019 18:30
  3542 Hits

Our Fight with Brussels Does NOT End on 31st October

Stephen-Barclay
​Our fight with Brussels does not end on the 31st of October. This wider conflict that Brexit represents is between sovereign nations and supranational organisations, between self-determination and central planning of the most wicked intention. In order to capitalise on our departure, we must first recognise a weakening, Brussels is tightening its ...
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Guest — Adam David Hiley
We actually now have a Prime Minister that is not a walk over unlike the disastrous Theresa May the last real Premier was Mrs Tha... Read More
Wednesday, 28 August 2019 18:58
  3013 Hits

The Benefits of Leaving the EU

Brexit-Boris
We often hear much wailing and doom and gloom from those who, for various personal and mostly self indulgent financial reasons, why we should remain in the EU. These people, who many have big fat EU pensions or receive grants and other hand outs from the EU seem to care little for the democratic will of the British people who, by a majority of 1.4 ...
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  14570 Hits

Cry "Havoc!" and Let Slip the Dogs of War

Juncker-and-Barnier
When the history of Brexit is written, two primary mistakes will stand out. One was the Conservative party's decision to appoint Theresa May as its leader and the country's Prime Minister. The second was by the 27 member states of the EU. They appointed a team of EU federalist fanatics, rather than pragmatists, to negotiate our exit. They saw the n...
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  2540 Hits

Differently Democratic

EU-bureuacrats
In June 2016 a scandalised fellow academic asked me in a London restaurant why I was wearing a Leave badge. To my mention of the woeful lack of democracy in the EU he told me, as he would a backward student, that from my blinkered English position I clearly didn't understand the EU's fierce commitment to democracy. It was, simply a matter of being ...
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Interview with Alice Grant: 'Why People Support Brexit Series'

Alice-Grant
​Over the past three or so years, us Brexiteers have been labelled with all sorts of names such as fascists and racists, among others. There is an ever-growing perception that we are all over 80, own grand estates and are on the far-right wing of the political spectrum; let me tell you we are not! I have spoken to people from all backgrou...
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Recent Comments
Guest — Ed Everett
Good, well written article Ethan- good to hear so much directly from someone who is so active and against stereotype. Somehow it d... Read More
Monday, 05 August 2019 07:11
Guest — Richard
A really dull article - just a standard right-wing viewpoint that's been aired a million time before? If you're ring-wing you'll a... Read More
Thursday, 15 August 2019 16:47
Guest — Adam Hiley
Mrs Thatcher don't get leaders like Her anymore only mediocrities like Corbyn Swinson Starmer Grieve etc
Saturday, 19 October 2019 16:52
  15978 Hits

The Brexit Speeches

Brexit-Speeches
 The following article and above PDF are speeches by Richard Tice MEP for the Brexit Party and also property businessman; Swedish-British billionaire businessman Johan Eliasch who is CEO of sportswear giant Head; Sir John Nott the former Secretary of State for Trade and Industry then Defence under Margaret Thatcher; Peter Lilley the former Sec...
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Guest — Peter Railton
An excellent series that identifies the real mirage of European integration, but can't we also refer to the demolition of our Moto... Read More
Saturday, 27 July 2019 12:26
  2236 Hits

Now's the Time for a Special Relationship More Than Ever

Screenshot_20190723-110649_Google
Today we'll know who our next Prime Minister will be, and Wednesday will see the Maybot's last PMQT before she heads off to formally resign to the Queen at Buckingham Palace on the afternoon. No matter who our next PM will be, either Boris Johnson or Jeremy Hunt, we need to rebuild that special relationship with our closest ally, America. We'v...
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Recent Comments
Guest — Adam Hiley
unlike the god awful Obama & Clinton at least President Trump showed respect to us
Friday, 02 August 2019 13:04
  1843 Hits

Would Brexit Impact the Gambling Industry?

Gambling
When we hear about gambling as it relates to Brexit, it's typically regarding betting on different outcomes. Inevitably, there have in fact been betting markets these past few years aimed at predicting when Brexit might happen, what it might look like, etc. What doesn't get as much attention though is the idea of what effect Brexit could have on th...
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  1665 Hits

The Swiss Stand Firm Against the EU Bureaucracy

Swiss-and-EU
Switzerland and the European Union have begun open financial war with each other as the EU tries to force the country to sign the proposed Framework Agreement covering all aspects of the country's relations with the EU. The EU has been forced into a hardball approach to Switzerland because with Brexit still unresolved it cannot afford to be weak. I...
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  1868 Hits

How Leaving the EU is the Only Way to Carry Out Democracy

Brexit-Democracy
By now we should have left the EU. Vast swathes of people are incensed. But it is evident that Brexit will only be delivered if the people move to enforce it by neutering an obstructionist parliament. Nothing good will happen until parliament is overwhelmed by the people's desire to leave. Left to its own devices parliament is too much the instrume...
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  2560 Hits

It Isn't the Government's Job to Frighten the Public

Whitehall---Downing-Street
The duty of government is to obey the will of the Nation. To paraphrase that which Professor Dicey said, referring to "the grand principle underlying the conventional precepts of the constitution, in "The Law of the Constitution[i]":"… neither the Crown [which I take to mean the Government] nor any servant of the Crown ever refuses obedience t...
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  1439 Hits

The EU, Brexit and Employment Market

Employment-Market-cover
​Where Unemployment Really IsBefore the referendum in 2016 we were told by George Osborne and the Treasury, among others, that 820,000 jobs alone would be lost as a consequence of a Leave vote, causing "an immediate economic shock" but here we are over three years later and unemployment is at its lowest for over 40 years. Those figures published by...
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John Poynton
The significant labour shortages that have developed since the referendum arise because the government has failed to match demand ... Read More
Wednesday, 17 July 2019 16:06
  3624 Hits

How Maggie Was Right About The EU Decades Ago

Margaret-Thatcher-on-EU
As the Conservatives elect their replacement for Theresa May over the summer, it's worth looking back to see how crucial it is for a leader that is in line with grassroots views, and currently Euroscepticism is the overwhelming grassroots position among members. Ever since the Maastricht Treaty was signed in 1992 there has been a battle for a refer...
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  6362 Hits

Why we Should be Focusing on AI post-Brexit

AI
​Artificial Intelligence is certainly an area of focus post Brexit, the sector of AI was worth around $1.2 trillion as of around 2018 with predictions from Zdnet.com estimating the growth of the AI business values to around $3.9 trillion by 2022, that's a huge amount for any sector; this roughly equates to a forecasted prediction of just over £3 tr...
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  2595 Hits

Labour Shortages

The Government's Migration Advisory Committee wants to increase the number of jobs on the list aimed at plugging gaps in the UK labour market. Jobs on the Shortage Occupation List are effectively allowed to jump the queue for workers from outside the European Economic Area. Their review said there should be a big expansion of jobs on the list. Unde...
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  1749 Hits

Why Sovereignty Matters

Screenshot_20190530-101140_Google
 The evolution of sovereign states around the world has been an uneven process. Some were founded on shared nationhood, language and culture. Some on lines drawn by colonial rulers. Others out of the chaos of war.But sovereign states have this in common: they are all that now stands between the peoples of the world and utter domination by the ...
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  1854 Hits

Just Leave!

Screenshot_20190530-094840_Google
 Through the treachery of the government and MPs, Britain is in political and economic limbo. Instead of being free to taking back control, they have handed the future of the country over to the EU…Delay, and more delay. Britain is now going to be denied independence for up to 6 months longer, a total of three-and-a-half years after voting for...
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Guest — Adam Hiley
thank goodness one of the Worst Prime Ministers in living memory will be gone in 3 weeks good riddance May is even worse than Majo... Read More
Thursday, 30 May 2019 18:52
  1569 Hits

Fruit, Fear and Brexit

At the end of January, I was interested to learn how the BBC's news website reported Italy's recession. It was not on their radar. Unsurprisingly, several scare stories were. One, by business editor Simon Jack, was headlined "No-deal Brexit to leave shelves empty warn retailers." My attention was grabbed, however, by a dramatic warning with a state...
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  2342 Hits

Less than a month before the deadline, good Brexit news continues

No other issue in recent history has been as divisive as Brexit. And after the historic leave vote in June 2016, the nation has been inundated with one doomsday headline after another — from economic devastation to the loss of trade, and investment. Despite all of these issues, however, Brexit is now closing in on its March 29 deadline day.Of cours...
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Guest — JPang
That's all well and good … but what about the more pressing issue of our #duplicitousleaders?
Friday, 08 March 2019 21:18
  3701 Hits

United States of Europe

The EU is not a market, it is a political project of becoming a single European state, the United States of Europe, as the powers-that-be in the EU have always wanted it to become.The three founding fathers of European union all called for a single European state. Konrad Adenauer said, "My dream is that one day we might be able to applaud a United ...
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Recent Comments
Guest — Susan Wallace
BEING EUROPEAN v BEING AN EU CITIZEN video - 12 minutes 36 seconds https://www.youtube.com/watch?v=jmscbGPrkRM + ***Guy Verhofstad... Read More
Saturday, 23 February 2019 12:49
Guest — John Scutter
Will Podmore is deluding himself if he thinks voting LEAVE has saved us. The deal proposed by May will shackle us to the EU forev... Read More
Monday, 25 February 2019 21:23
Guest — ROBERT PALACHE
‘EUROPHILIA ETERNAL!’ A SHORT STORY ABOUT THE GLORIOUS EU: ‘Our Parliament, Fergus,’ said the Pole, sniggering, ‘is the veritabl... Read More
Tuesday, 26 February 2019 16:21
  4692 Hits

Nissan, Felixstowe, Lettuces and Whisky

I am sure we all understand the situation Nissan and other companies which export a majority of their UK production to the Eurozone will find themselves in after Brexit. They will face 10% tariffs by the EU on these exports, and it stands to commercial reason they would then be better off re-locating their production into the Eurozone, where they w...
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  1727 Hits

Economic Impact of UK Trade with the EU and Non EU Countries 2000 - 2017

EXECUTIVE SUMMARY by Roger KendrickAs the negotiations with the EU approach the October 2018 decision point, the Chequers proposals are being promoted on the generally accepted premise that the UK economy, and manufacturing industry in particular, has benefited from access to the Single Market. For this contention to be valid, the UK economy w...
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  5539 Hits

THE ECONOMIC IMPERATIVE FOR A NO-DEAL BREXIT

Any sort of trade deal with the EU is bound to result in economic meltdown. Here's how and why. Author: John Poynton This graph shows our Balance of Payments Current Account – in effect our national profit and loss account, comprising mainly but not exclusively of trade – split into two separate components; our trade with the EU (the red line)...
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Guest — Steve
Where is the Quantitive easing graph referred at the start of paragraph four under 'So does a trade deficit with the EU matter?'.... Read More
Friday, 23 November 2018 09:39
John Poynton
Trying to get this fixed. Will also post the original leaflet on my own blog later today.
Friday, 23 November 2018 12:54
  4546 Hits

The Brexit Game Changer – Import Excess Tax

 A policy model for a clean Brexit - no queues at Dover, no Irish hard border Membership of the EU Customs Union and the (largely contrived) Irish border issue are once more on the front pages. After success in the Lords, Remainers smell blood and are slavering at the prospect of defeating the Government in forthcoming Commons votes. Given thi...
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Recent Comments
Guest — M Bailey
Do you think it’s possible for any of our politicians to grasp such a sensible concept and then negotiate it? In any case there do... Read More
Sunday, 02 September 2018 12:37
  4869 Hits

Political Economics in the USSR and EU

Since the late 1970s, I had been travelling and doing business in the Soviet bloc and USSR. Soon after its collapse, I was working for a German company, responsible for its major interests in Ukraine and development in Central Asia.The fall of the USSR was sudden and to the ill informed, unexpected. Those of us who knew it, had wondered for years h...
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  2381 Hits

Meltdown in Turkey - an omen for the Euro

Gresham was a 17th century banker and trader, after whom Greshams, the North Norfolk Public school is named.Mr Gresham is most famous for 'Gresham's law' which states that, 'Bad money drives out good.'In Gresham's time of coins, it meant that, one would always spend a 'fake' coin or one with less precious metal content and keep the good ones; a bit...
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  2574 Hits

Is the Euro going to collapse?

The Euro is a currency. That would seem blindingly obvious, but it means that there are two ways in which the Euro could collapse and one way in which it could get massively stronger.A currency is not just a means of exchange for goods and services within a country, it is also an asset that has a shifting value against other currencies, that is, th...
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  6201 Hits

Dragi doesn’t understand how the bond markets are dangerous

Author:CATHERINE BLAIKLOCKWould you like to lend to the German government and get paid a grand total of 0.43% a year for 10 years?Or how about lending to the French government and getting 0.73% or to the Spanish government at 1.35%?An annual yield of 1.35% a year, lending to Spain and you are invested for 10 years. Doesn't sound very good, does it?...
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  3115 Hits

The Euro’s Battle for Survival

eurozonemap
 Entering the Red ZoneIn this paper, Bob Lyddon explores the various caveats and consequences of the Eurozone's survival and continuation, and discusses the UK's role in or alongside the Eurosystem post-Brexit. As an expert in international banking, Lyddon works through his own consultancy company, Lyddon Consulting Services, and has written f...
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  3215 Hits

Financial Services and Brexit

​Project Fear scaremongered more about financial services than anything else during the EU referendum campaign and this scaremongering has unfortunately continued after the Brexit vote. Remoaners and soft Brexiteers (those who want us to remain members of the European single market after Brexit) now tell us that the reason why there was not an imme...
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  4907 Hits

Freedom of Movement and the Cruelty of the Euro

To escape the damage caused by the euro, and the resulting problems of mass migration, Brexit is essential for the UK

9th January 2017
Type text for SEO (example Bruges Group : Image Title)

Summary

 

1.      The euro prevents EU countries with weak economies using currency exchange rates to adjust their competitiveness within and external to the EU.  The EU therefore has a policy of  ‘rebalancing’, or ‘internal devaluation’.  Rebalancing relies on the failure of uncompetitive industries.   The result is unemployment, lower wages and lower prices together with austerity justified by high levels of sovereign debt.  These pressures on the population are intended to force the creation of competitive trading industries and reduce non-trading activities.

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  6611 Hits

Will Donald Trump save or kill the Euro?

The EU's single currency, the Euro, is being unbalanced by the strength of the German economy. The undervalued Euro is used by Germany in a beggar-thy-neighbour policy to expand its exports; hurting not just the other members of the Eurozone but also countries further afield, including the United States. If the USA forces Germany to abandon this policy, it will mean Germany leaving the Euro. This will either be the end of the single currency experiment, or its salvation.

4th January 2017

During the election campaign Donald Trump highlighted a structural flaw in the US economy, namely, the country’s huge structural trade deficit, which he claimed is hurting many Americans.  Trump’s message was very simple: if instead of importing products the US exported them there would be more highly paid jobs in the US. Trump claimed that not all of the US’s trading partners are trading fairly with the US.  The implication being that some countries are taking US jobs unfairly.  Angela Merkel was clearly worried about this rhetoric.  Although Trump did not name Germany, she is clearly concerned that Germany will be exposed as having an unfair trading advantage with the US because it is benefitting from an under-valued Euro. 


Although no one would claim that Germany abandoned the Deutschemark in favour of the Euro in 1999 to gain an unfair trading advantage, this is undeniably what has happened.   As can be seen from the following table this has increased Germany’s current account surplus with the rest of the world.


Germany’s exports are now 30-35% cheaper in US dollars than they would have been if the country had retained the Deutschmark. This calculation is based on the assumption that the Deutschmark would have maintained its value against the Swiss franc.  And, it ignores the fact that Switzerland has intervened in the foreign exchange markets from time to time to depress the value of the Swiss franc against the US dollar and other currencies.   The Euro has become a disguised form of protectionism for the German economy, by making its exports cheaper and imports more expensive. Moreover, this is not a problem that is likely to disappear. The longer the Euro exists, at least in its current form, the greater the problem will become.  The question is what, if anything, will the new Trump Administration do about Germany’s unfair trading advantage and its ever growing current account surplus with the US. 

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Recent Comments
Guest — Cris
it's a pity that Trump always mentions China, but never Germany. Arrange Bernard Connolly a meeting at TrumpTower, if you haven't... Read More
Thursday, 05 January 2017 03:45
Robert Oulds
Germany has been amongst the biggest distorters of world trade unbalancing the Euro, even breaking the EU's rules in their search ... Read More
Thursday, 05 January 2017 13:12
Guest — Cris
I totally agree. You will never hear Trump complain about Germany as much as he complains about China or Mexico, though. This is w... Read More
Thursday, 05 January 2017 17:52
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