European Union

Submitted by Mike "Mish" Shedlock

More Greece “Uncertainty”: Default Looms in July, EU Rejects Greek Emergency Summit

Those who thought the situation in Greece was solved after prime minister Alexis Tsipras suddenly caved in to creditors’ demands need think again.

Greek tax revenues are running well under expectations. A default looms in July unless the creditors give more money to Greece so that Greece can pay back the creditors. As convoluted as that sounds, that’s precisely the way this madness works.

Submitted by Josephine Bacon via The Gatestone Institute,

• Ever since the inception of the European Economic Community, British politicians across the entire political spectrum have been perceptive enough to realize that Britain will lose its sovereignty and turn into a vassal of the France-Germany axis.

Following Obama's stunning foray into UK politics with his anti-Brexit oped (which surprised both the pro and anti-Brexit camp as there was little to be gained from Obama's gracious entrance of an elephant in a UK political China store) on Thursday evening, one person who had a rather visceral reaction was London Mayor Boris Johnson who slammed Obama's "hypocritical" Brexit diatribe and accused Obama "ancestral dislike of the British empire – of which Churchill had been such a fervent defender" on being part-Kenyan.

Hillary Clinton has now stuck her oar into the Brexit debate, throwing her weight behind President Obama who advises that Britain should remain within the European Union (EU). No 10 welcomes latest backing ahead of 23 June referendum Obama has already drawn an angry response for telling the British people that they would be better off remaining within the Union. He has also threatened them with loss of American trade if they dare vote to leave Breitbart reports: But former secretary of state Hillary Clinton is not one of those critics.

Submitted by Soeren Kern via The Gatestone Institute,

• The European Union now finds itself in a classic catch-22 situation. Large numbers of Muslim migrants will flow to Europe regardless of whether or not the EU approves the visa waiver for Turkey.