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Attitudes across the EU…  June 22, 2017

Posted by WorldbyStorm in Uncategorized.



..to the EU seem, if anything, post-Brexit to have firmed up behind the EU project. Not uncritically – naturally. But it’s difficult to interpret the following as anything other than an identification with the EU.

Two-thirds of Europeans believe the EU should take a hard line with the UK over Brexit, according to a survey.

Sixty-five per cent of those questioned in Belgium, Germany, Greece, Spain, France, Italy Austria, Hungary and Poland said the EU, while trying to maintain a good relationship with Britain, should not compromise on its core principles.

The Chatham House-Kantar survey showed just 18% of people in the nine countries – compared with 49% of people in Britain – believed the opposite; that the European commission should aim to keep the UK as close as possible, at the expense of its principles, during the talks, which began on Monday.

And Pew now shoes further increases in approval for the EU since Brexit… 

A Pew survey last week found markedly higher approval for the EU since the Brexit vote: 63% of respondents in the 10 EU countries had favourable views about the bloc. The figures mark a sharp increase from spring last year, with favourable opinions up 18 points in Germany and France, 15 in Spain, 13 in the Netherlands – and 10 in the UK. Only 18% of continental respondents wanted their country to leave the EU.

It’s hardly surprising, is it? In a world of Trump and other challenges there is a stability to the EU that most find attractive (or perhaps more accurately least least attractive), even factoring in its flaws. And that’s something that is evident in the polling too, that people aren’t unthinking or uncritical. Anything but… many across the EU believe another state might leave the EU after the UK. But… and this is crucial. It would appear that they don’t believe their own state’s will do so.


1. GW - June 22, 2017

Sure Brexit and Trump have shown people that things could be even worse outside the EU.

But unless the EU and the Eurozone changes significantly it is due for further crisis and decline.


GW - June 22, 2017

i.e. we make it change.


2. GW - June 25, 2017

Somewhat relevant – the ECB has stung bond-holders in three significant Bank collapses in Spain and Italy. Banco Popular in Spain, and Veneto Banca and Banca Popolare di Vicenza in Italy. Citizens where not forced to prop up these zombies by taking on more national debt by the EU and their national governments.

Exactly the opposite to what happened in Ireland post 2008. We should be calling for retrospective compensation, and a cancellation of that odious debt.


WorldbyStorm - June 25, 2017

+1. Absolutely.


6to5against - June 26, 2017

And particularly annoying is this aspect of it: we were told the bondholders had to be paid to prevent contagion and economic collapse; this has now been shown to have been untrue – bondholders have been burned and yet the world continues to spin on its axis. But nobody has even acknowledged their mistake. Nobody has resigned in shame. Nobody has apologised.


WorldbyStorm - June 26, 2017

Its a disgrace and has to be used both against the EU and those parties here who supported that

Liked by 1 person

GW - June 26, 2017

Belay that – what a difference a day makes. Yes the Italian state has stepped in to the tune of €17×10^9 yoyos, and bondholders were rescued.

The senior bonds had been trading at steep discounts to face value, reflecting investors’ fears that they could be “bailed-in” – a process whereby losses are imposed on private creditors to lessen the cost to the taxpayer. But over the weekend the EU commission signed off a scheme that will see Intesa Sanpaolo take on the good assets of the two Venetian banks, while also fully protecting senior bondholders.

Vicenza’s €750m 2020 senior note was trading at around 85 cents on the euro on Friday, according to Tradeweb prices, but soared up to 102 cents on Monday morning. Veneto’s €500m 2019 senior bond surged from 88 cents to 103 cents over the same period.

So the deep levels of corrupt collusion between the EU, national states and banks slither on. If you’re rich enough you can buy bonds of any bank risk-free in the EU it seems, whatever state that bank is in.


3. sonofstan - June 26, 2017

“Britain without a compass” says the headline in the Frankfurter Allgemeine

Liked by 1 person

4. Joe - June 26, 2017

The whole thing about citizens of the rest of the EU increasingly backing the EU in the row with the UK… Well, that’s what happens isn’t it? It’s UK vs EU, so the people of each side of the ‘row’ back their side.


WorldbyStorm - June 26, 2017

There’s an element of that but, the EU is hardly an institution generating unalloyed affection so perhaps there’s other things at work too?


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