By Gwynne Dyer - How’s this for apocalyptic? “As a historian I fear Brexit [a British vote to leave the European Union in the referendum on June 23] could be the beginning of the destruction of not only the EU but also Western political civilization in its entirety,” said Donald Tusk, the president of the European Union, in an interview published on Monday in the German newspaper Bild.
A long line of people kissed each other outside parliament in London on Sunday in a show of love to urge Britain to remain in the European Union.Campaigners said that over 420 people had taken part in the kiss chain in London, as other mass kissing events took place in Berlin, Paris and Rome.
French economy minister Emmanuel Macron said on Saturday the EU should act quickly and firmly if Britain votes next week to leave the European Union. Britain’s EU referendum will be held on Thursday, with an EU summit set for a few days later on June 28 at which Macron said EU leaders should take a firm stand with regard to the UK.
Thursday's “Stronger in Europe” rally at Gibraltar at which UK Prime Minister David Cameron was due to speak, was cancelled at the last minute after Labour MP Jo Cox was shot and stabbed in an attack in West Yorkshire. The news of the fatal attack came shortly after Cameron arrived t the Rock.
The Bank of England has warned that uncertainty about the EU referendum is the largest immediate risk facing global financial markets. The bank said there were risks of adverse spillovers to the global economy from the 23 June vote and it was increasingly likely that sterling would fall further - perhaps sharply - in the event of a leave vote, the Bank added.
If the United Kingdom votes to leave the EU next week, the move could ultimately lead to the bloc's disintegration, Germany's foreign minister has warned. Frank-Walter Steinmeier was speaking near Berlin after talks with his French counterpart, Jean-Marc Ayrault.
By Gwynne Dyer - After months in which opinion polls showed a six to ten percentage points lead for the 'Remain' side in the referendum campaign on continued British membership of the European Union (EU), the numbers have suddenly shifted in favor of 'Leave'.
UK Chancellor of the Exchequer George Osborne says he will have to slash public spending and increase taxes in an emergency Budget to tackle a £30bn black hole if the UK votes to leave the European Union. The chancellor will say this could include raising income and inheritance taxes and cutting the NHS budget.
UK exit from the European Union would be “a disaster” that would risk creating “an economic and social rift” between Gibraltar and the neighbouring region in Spain, the Cross-Frontier Group said in a report published by the Gibraltar Chronicle. The group’s president, Ángel Serrano, warned that Brexit posed a serious risk to employment and investment on both sides of the border.
The British pound dropped to a two-month low and the yen rallied Monday as jittery investors shifted into safer assets on worries about Britain's possible exit from the European Union. The flight to lower-yielding investments came as Asian stock markets plunged, with dealers awaiting meetings this week of the US and Japanese central banks.