Tuesday, March 1, 2016

Crisis of Confidence Spreading Across Europe #MigrantCrisis #BREXIT #GREXIT

The latest figures from Eurobarometer Survey, the EU's center for analysis of public opinion, suggests that optimism towards the EU and EU leadership has fallen for nearly all its members. Greece, struggling with a severe economic contraction and austerity as part of its bailout from the EU (Germany), records the highest level of pessimism at 63%. Ireland, supporting an independent, high-tech economy, records the lowest at 20%.

Growing pessimism towards the EU is being driven by falling standard of livings throughout Europe as the global economy enters the liquidation phase of the business cycle in 2016. Europeans will point fingers towards those (EU leadership, migrants taking their jobs or consuming the countries resources 1,2, etc) 'feel' have contributed to their pain.

The Euro's depreciation, a downtrend that European leaders currently view as beneficial to trade, will worsen as pessimism towards the EU increases beyond its borders. Britons, while slow to recognize the contagion of faltering confidence, are beginning to see the light; nearly 50% of Britons back withdrawing from the EU on the June 23rd referendum. The stakes of BREXIT are so high, not only for Europe (GREXIT) but also Scotland, it's naive to rule out the hand manipulation, an outcome that defies the expectations of the majority of voters.

Chart: Optimism/Pessimism Towards the EU

Headline: REVEALED: SECRET MAP shows what European nations REALLY think of 'doomed’ EU

Optimism about the EU’s future has plummeted in all but three of the 28 member states, most strikingly in the Netherlands and Germany, where people are now overwhelmingly negative about the outlook for the union.

According to the latest figures from the EU’s own Eurobarometer survey, the scale of optimism is lowest in Greece, where just 34 per cent are upbeat about the future of the EU, compared with 63 per cent who are pessimistic.

In Cyprus fewer than four in 10 – 37 per cent – are positive about the EU’s prospects, compared with 58 per cent who are negative.

In Austria 37 per cent are optimistic, compared with 56 per cent who are pessimistic.

In the UK, the figures are 46 per cent optimistic and 44 per cent pessimistic.



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