The chances are, if history is a guide, that Cameron will fold despite the vote.
The Greeks voted OXI. Tsipras folded. Varoufakis folded.
Merkel issued a fait accompli. to Greece. Take it or leave it. Greece folded.
The Brexit Vote is window dressing. Cameron seems not to be Britain's new Wellington. Cameron seems to be Britain's new Tsipras, new Varoufakis.
Cameron's call for a referendum was a shabby display, a feeble attempt to look strong. A feeble attempt to be a strong leader.
The vote is too close to call. However, if the vote is stay, Cameron goes to the table stripped of everything except the title of Britain's Symbolic Figurehead. If the Brit's vote Exit, he has a sword that is too heavy for him to wield.
Cameron does not have the right stuff.
Cameron will fold because Merkel will issue a fait accompli, This is, after all, Merkel's last ditch effort to fend off those who want Merkel out for domestic reasons.
What Cameron should do is to find allies. As Benjamin Franklin said in 1776, "Either we all hang together, or we all hang separately."
Britain, Greece, Spain, Portugal, Italy issues the following:
We will void the EuroUnion Agreement effective [eg 31 July 2016] unless you submit an offer we find acceptable. When you submit such an offer, will then take it home for a vote. We will not discuss it, we will not issue demands. You will come up with the offer to keep us in."
The first item on the "reform" agenda should be taking a blue pencil to strike out those regulations that impinge on domestic issues. (sovereign / internal matters)
Next, we will review the rights and responsibilities of the respective nations. However, there is a larger issue.
The one article on my blog that has skyrocketed is Emerging Nation Economic Union.
In 2013 I predicted that China will form a Global Capital Investment Facility. In 2015 they announced that they did. The HQ is in Singapore. The highest number of visits to my blog come from Singapore.
Also, I wrote "The Next Challenge is Here." And "Forming an E 20."
The links to same:
GreekEnomics {The only real value to this article is the number of links to articles regarding Merkel and Europe)
However, the EuroUnion is Unraveling.
In Addition, this is what is going to happen and indeed is happening,
And should happen
Thank you again.
Best of luck.
Warmest regards,
Slim.
Copyright (c) 2016 Bob Asken'
All rights reserved.
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