Two Questions for European Readers: Why keep any money in banks other than the absolute bare minimum needed to pay bills? How many Cyprus-like confiscations does it take to convince you that leaving money in banks is a bad idea?
Things are getting rather interesting in the Netherlands as low interest rates have increased pension deficit liabilities. Unlike the US and other parts of Europe where deficits are ignored, Dutch law requires 105% funding and the plans fell from 152% funded in 2007 to 102% funded today.
In short, there are all kinds of things that can go wrong if the UK stays in, and there is little that can go wrong if the UK negotiates reasonable exit terms. And it is actually in everyone's interest to do just that.
Talk of "temporary public support" ought to scare everyone in Germany to death. Heck, this kind of talk should scare the UK to death as well. It serves as a warning signal for the UK to exit the EU while it can.
I simply do not see how any sort of stable coalition can form either with or without Merkel. The Green party has now ruled out a coalition with Merkel, SPD wants Merkel gone, and the math for a Merkel-led coalition is simply not there.
The important point is not agreement or disagreement with the author, but rather that a eurozone exit is now openly presented as a viable option in a mainstream Spanish newspaper. Expect such sentiment to grow along with rising unemployment and a sinking Spanish economy.
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