European Union: Eurozone Industrial Production Falls Unexpectedly

Trump says Britain should leave EU

2016/06/20 Donald Trump told Britons on Sunday he supported Brexit, repeating just days before the vote on June 23 that he thinks the UK would be better off outside the European Union. As the campaign to decide Britain’s EU membership restarted next a three-day hiatus following the killing of lawmaker Jo Cox, Trump, the presumptive Republican US presidential candidate, said in a newspaper interview he was backing an “out” vote.

Two Remarks on the Turkey-EU Deal on the Migrant Crisis

2016/06/11 “The EU and Turkey have reached a transaction on the migrant crisis, which will see migrants returned to Turkey in exchange for aid and political concessions.” There are two practically significant points of this transaction: The European Union (EU) will no longer need to transaction with new and uncontrolled immigrants. In exchange for an “acceptable” migrant for the EU, Turkey will take back all the migrants, regardless of the nationality. The EU will pay 3 billion euros to Turkey for this, which has long-term and short-term benefits.

Forget About Brexit, Institutional Creep Goes Beyond the EU

2016/06/11 With the UK careening towards the European Union (EU) referendum this June, perhaps the majority surprising thing is that, despite the fierce bickering over the economic impact of a Brexit and how a lot of decimal points of GDP increase may be at stake, the key messages each side is hammering home are not particularly contradictory. On the one side, the Conservative establishment is playing a similar game to their Project Fear in the Scottish independence referendum, arguing that the uncertainty that lies beyond a vote to leave is uncouth, and reassuring themselves that the British people have at no time been ones to choose political revolution. As for Vote Leave, talking heads have centered on the notion of control, which the EU has wrested from Westminster’s hands through an ocean of seemingly innocuous regulations, and that the vote is a luck for the country to once again become the master of its own destiny.

Germany warns UK on single market access

2016/06/11 If British people vote to leave the EU, the UK would be kept out of the single market and the EU would not integrate further, German finance minister Wolfgang Schaeuble has said. "In is in. Out is out," the influential minister said in an interview with the Spiegel , a German weekly. "Europe would as well work without Britain if necessary," he added.