Macron has warned that the Invisible Enemy could cause the EU to fail.
And what was the UK’s response yesterday to the second round of the Brexit trade talks?
According to the French President, Emmanuel Macron, unless the wealthier Northern states dip into their pockets and give it to the southern states that have been hit the hardest by the Invisible Enemy, then there won’t be a single market left for them to profit from anymore.
As you will know, at the moment the only financial aid available to the likes of Italy and Spain are loans mainly from the European Stability Mechanism that have to be repaid by the countries that borrow the money.
That’s just more loans on already overly stretched economies inside the eurozone, that is now itself expected to contract by 15% this year. And as far as Italy is concerned this line of credit just a pointless offer that will not help them.
And now the French President has stepped in saying that these loans will not resolve the underlying issues and that if a part of ‘Europe’ is allowed to fail, then the whole of ‘Europe’ will fall.
As far as he’s concerned, without mutualising the cost of protecting the likes of Italy across the bloc, then ‘Our Europe’, as he puts it, has no future.
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