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« Central Bankers Get Tired of Gold as Falling Exports Reduce Cash | Main | 2016 Silver News August Edition »
Sunday
Aug282016

Brexit may send EU 'down the drain' - German vice chancellor

Germany's vice-chancellor has warned the future of the EU could be in doubt if the UK's exit is handled badly.

Sigmar Gabriel said the EU would go "down the drain" if other states followed Britain's lead and that the UK could not keep the "nice things" about Europe while taking no responsibility.

It comes as Theresa May summoned ministers for a meeting on Wednesday to discuss ideas for the UK's withdrawal.

Downing Street said Brexit was "top" of the prime minister's agenda.

But a report in The Sunday Times suggested her cabinet was split over leaving the single market.

The UK voted to leave the European Union in a referendum vote on 23 June.

Mr Gabriel, who is also economy minister in Germany's governing coalition and Chancellor Angela Merkel's deputy, told a news conference that as a result, the world now regarded Europe as an unstable continent.

'Deep trouble'

"Brexit is bad but it won't hurt us as much economically as some fear - it's more of a psychological problem and it's a huge problem politically," he said.

read more.....

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The auditor has not been able to sign-off the EU accounts for years, so the sooner it goes the better in my opinion. Stick with gold and silver.

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