Eu Crisis and Addition

eu: In addition, a major EU crisis caused by Italy's 2.3tn debt and fragile banks has already commenced, whatever comes out of its immediate row with Brussels over projected spending, according to The Guardian. The scale of this challenge rules out repetition of the brutal treatment meted out to Greece and strengthens the case for a common banking union and capital market regulation, alongside the argument for a eurozone-wide budget. He only foresees a wider policy space for a progressive Westminster government after Brexit, which he concedes will damage the UK economy without mentioning the rising rightwing nationalist sentiment that would inevitably accompany it . Yet Germany itself is now suffering the impact of populist nationalism, partly generated by its own earlier eurozone policies. Indeed, much related progress could be made without major revision of existing EU laws and treaties. John Chowcat Hythe, Kent Larry Elliott's article may be a sop to those who seek intellectual rigour for the lexit case. A forward-looking leftwing programme for the UK should duly resist Brexit, embrace these EU reforms and call for wider international policies for a new global money clearing system and urgent green growth strategy. (news.financializer.com). As reported in the news.