European Union

Submitted by Mike Shedlock via MishTalk.com,

Pretending Period is Over

The refugee crisis in Europe got more interesting this week.

Within hours of Brussels giving the green light on Merkel’s ill-advised deal with Turkey, Turkish president Recep Tayyip Erdogan sacked sacked Ahmet Davutoglu, the prime minister who negotiated the deal with German chancellor Angela Merkel.

For details see EU Approves Deal With Turkey (Then All Hell Breaks Loose).

Donald Trump has come out in support of Brexit saying that Britain would be “better off without” the European Union (EU) The presumptive Republican nominee for president said that he was not making a “recommendation” but his “feeling” was that the UK should vote to sever ties with the EU. Press TV reports: “I would say [the British] are better off without [the EU], personally,” he said. “But I’m not making that as a recommendation, just my feeling.” “I know Great Britain very well, I know the country very well. I have a lot of investments there,” he said.

Submitted by Brandon Smith via Alt-Market.com,

If an economic system collapses in the woods and no one is paying attention, are there any consequences outside the woods? Well, yes, of course. As with most situations financial and global, however, consequences are not usually taken very seriously until they have spawned a vast bog of sewage we all have to then swim through.

The issue is and always will be “interdependency,” and the dissolution of sovereign borders. Take a close look at the European Union, for example.

As Norway offers cash for refugees to leave, announcing that they won't be accepting any more refugees from the EU, and Switzerland prepares its military to close down borders, the EU has seemingly had enough of every country acting as if it has any type of sovereignty left. The European Commission has announced that it is going to pull rank on everyone, and in Obama-like fashion, will be fining countries for not taking their fair share of refugees.

Here is a detailed summary of all that happened today in the ongoing European refugee crisis courtesy of Mish Shedlock.

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Earlier this week we observed that in what may be Europe's latest mistake, the European Union is about to grant visa-gree travel to 80 million Turks: a key concession that Erdogan obtained as a result of the ongoing negotiations over Europe's refugee crisis which has pushed Turkey into the key player spotlight. And then, overnight, the European Commission officially granted its support to a visa-free travel deal with Turkey after Ankara threatened to back out of a landmark migration deal. It proposed to lift visa requirements by the end of June.