France Warns Of Brexit Disaster, Others Do The Same

France warns of Brexit costs and “consequences” to the British, with the Germans echoing the warning. The SHS Group of Northern Ireland, an employer of more than 750 people, warns of Brexit impacts on disrupting its “compliance” and its “governance.” Top credit rating agency Moody’s warns of a Brexit causing a downgrading of the United Kingdom’s credit rating. The G20 warns of Brexit “world economy shocks.” Even the UK’s own Lord Robert Winston, one of its leading scientists, is warning of Brexit’s “disastrous” consequences for his nation’s universities.

Speaking at the BioWales conference in Cardiff on March 1, 2016, Winston said, “It’s very clear if we came out of Europe, where we get much more out than we put in science, we will lose massively.”

If you’re not British or in one of the EU member nations, you may very well be wondering: “What’s going on here?”

On June 23, 2016, the British Parliament will vote on a referendum concerning whether or not to leave the European Union (EU) in 2017. Those who support this “Brexit” despite all those who warn about it cite a number of reasons why they want the UK to end its membership in the EU. Chief among them are worries that British businesses are suffering competitively and Britain’s borders being wide open as long as the island nation remains in the Union.

Already, the British don’t use the Euro, the currency of the EU, but the GBP (British Pound Sterling) as money instead. Furthermore, they opted out of participation as a Schengen Area. When a European Union nation like France warns of Brexit’s dire consequences or Moody’s warns of a Brexit meaning a diminished credit rating on the global state, Brexit supporters turn a deaf ear to these pronouncements. Simply put, they regard them as a lot of empty words and posturings.

Former Scottish National Party (SNP) deputy leader Jim Sillars, who favors leaving the EU, has called upon Scottish nationalists to stop blindly heeding warnings of Brexit disasters in a booklet he authored. Scotland has made it clear that in the event of a Brexit, that nation will reconsider whether it wants to remain severed from the EU, as it is not as cynical about the Union as the English people are.

Sillars says, “When assessing what outcomes will advance the cause of independence, objectivity and logical analysis, not blind loyalty, will be required. Staying in the EU keeps us in the trap of EU hostility to Scottish member state status, expressed so forcibly in 2014. [Leaving] gets us out of that trap and opens up a much better option in the form of an association agreement. Leaving the EU delivers what member state status cannot — real independence on key policies, controlled only by ourselves and the unfettered ability to make our own laws. It’s called sovereignty and nationalists used to support it.”

One non-British publication that seems to support ignoring the G20, Moody’s, or a company like SHS when they warn of Brexit doomsday scenarios is the Wall Street Journal.

Writing in the WSJ, British journalist Tim Montgomerie states, “[It is risky] remaining part of a politically dysfunctional and economically declining EU. There is a strong economic case for British independence and a strong pragmatic case for believing that a Europe of [too diverse] political cultures cannot work, but the real reason why British voters should support Brexit is that we want our country to have…self-determination.”

When a nation such as France or Germany warns of Brexit disasters, does its leadership really care about the citizens of the UK and the global economy or something else? And if it’s “something else,” could it be that warnings of Brexit sturm und drang are in reality phantom fears conjured up to serve the interests of the EU at the expense of British sovereignty and prosperity? That’s what the British will decide on come June 23.

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