At the End of the Day

win_20190127_120036 Over at the HSBBC this evening, ace hackette 

‘if you strip away the planned flash of temper, also in his remarks was an invitation to the prime minister to come forward with a different version of the backstop – a “believable guarantee”, a promise that a “common solution is possible”‘

I really am struggling with this one. My struggle constructs thus:

  • The truly supine behaviour of Theresa May in turning up yet again in Brussels to beg for help (having been told nine times now that it won’t be forthcoming) is as nothing compared to Laura’s offbeat theory that Mr Tusk was offering an invitation
  • Even more oddly unorthodox is her belief that ‘a different version of the backstop – a “believable guarantee”‘ can be fashioned from negotiations when the EU side says it won’t reopen negotiations
  • The
  • Time after time Brussels has affected not to understand the politics of the House of Commons, but my own trusted source (albeit only middle-level) in Belgium continues to confirm that this is laughably mendacious. The truth is that the Commission chooses not to understand May’s predicament – having largely created it in the first place
  • But the absolute crackerjack is the interpretation of  ‘if you strip away the planned flash of temper’. It’s on a par with “But other than that Mrs Lincoln, what did you think of the Play?” 

To summarise here, Laura believes Tusk used an insult to invite the Prime Minister to have some fresh ideas on border guarantees to which the EC would be open, up to but not including the open thing…..and which the British Parliament will reject on the grounds of Europe’s immovably closed attitude.

It was a sort of you-open-up-so-we-can-close-you-down-again invitation.

Right. We’ll do that, then.


Only Theresa May would choose to accept such a challenge. But she is not Tom Cruise in Mission Impossible. More accurately, she is a kamikaze Cruise Missile that most people in Britain wish somebody would shoot down.

However, I stick to my guns on this one, because the data still support me: the EU does not want a deal, because it knows that Britain fears No Deal. And only obduracy on this point will deliver what they really want: Brexit pushed back – so that the UK Golden Eggs layer can keep clucking away ad infinitum while the Brussels mafia wrestles with it own insoluble problems.

I believe it is that simple. The overwhelming majority of British voters (and 100% of implacable Remainers) simply don’t grasp where the power really lies on Brexit. They never have….and if the Blair-Grieve-Bercow axis of propaganda gets its way (aided and abetted by Frankfurt slush funds) they never will.

The European Union is slowly falling apart. It accelerated its own doom with the hubristic decision to introduce a common currency (with no possible financial stability) and then adopt a stubborn Teutonic ‘Reich’ federalist goal (on no anthropological or cultural basis).

Unlike the wishfully unthinking Our EU tendency in the United Kingdom, I try on all occasions never to assert without powerful evidence. So here’s something uncomfortable for them to take to bed tonight.


As has been established by money, behaviour and censorship over the last five years – both here and in a million elsewheres – Bloomberg as a business news/research site is rabidly pro-EU, and a massive contributor to the Resistance fighters against Brexit who are still active in the jungles of Britain.

So a new report from none other than the Bloombergers it is a bitter and gagg-worthy horse-pill that Remoanoids must swallow.

Their report (released Tuesday) looked into Italian debt, drawing its conclusions from European Banking Authority data.

Bloomberg noted that Sovereign public borrowing stands at €1.5 trillion in Italy. The holders of it are Italian and other eurozone banks – this ‘others’ column adding up to just under half a trillion of exposure. Far from falling or levelling, the debt is rising. Italy has entered that Greek trap of quicksand where repayment is impossible.

Two major French banks – BNP Paribas and Credit Agricole – are together on the line for €240 billion. German banks Deutsche and Commerz are owed €70 billion.

But Bloomberg made other notes along the way. During 2019, the Italian government will need to issue another €400 billion of debt bonds. That would exhaust the European Stability Mechanism bailout funds (currently €410 billion) at a stroke. And if the debt is already unrepayable, trust me: the ESM will be needed.

Bloomberg is not in the business of scaremongering in such a way as to damage its pro-power bloc view of the future. It does, however, need to supply multinational business with reliable information if it is to retain its credibility. On the issue of EU and eurozone viability, therefore, it is between a rock and a hard place.

The EU is facing an existential crisis. The UK isn’t. That’s the reality.