European Central Bank’s gaslighting defies EU energy shortage

IREF headline

The press releases following the meeting of the ECB Governing Council (GC) on Thursday 22 July 2022 are masterpieces of uninformation in which the ECB attempts to gaslight its stakeholders, making them question their own perception of reality. It is ironic that the ECB […]

Eurozone in meltdown and collapse could cost the UK £200 million – despite Brexit

Red alerts are flashing all over the Whitehall radar screen. The Prime Minister has been deposed and the country is leaderless for the summer. Living standards are plummeting under the impact of soaring inflation. Russia’s savagery tortures Ukraine and threatens our security.

It is easy to take […]

Why the euro threatens to be the EU’s Krakatoa

[as published on www.brexit-watch.org on 13 July 2022 under the above headline and photograph, a Photo of Anak Krakatau by arief adhari/EyeEm from Adobe Stock]

BREXIT HAS BEEN largely botched so far, as has so much else by the present government. Remainers, several now emanating from their mausolea, claim that prices would be lower and […]

How Germany can get railroaded within the European Central Bank’s Governing Council

Germany has been resistant to many measures of the European Central Bank, not least the size of its bond-buying programmes and its latest ‘Transmission Protection Mechanism’ approved at the main meeting of July 2022. The aim of the ‘TPM’ is to avoid ‘fragmentation’, meaning the yields on the bonds issued by some Eurozone member states […]

Some forgotten Benefits of Brexit that need to be known

Most of my contribution appeared on Facts4EU.org

On the second anniversary of the UK’s leaving the EU, it was worth relecting on what had been gained, even if Theresa May and now Boris Johnson could claim very little credit for it.

Here were my First Eleven of benefits, which made up the bulk of the Facts4EU piece…

Had […]

IREF January 2022 Newsletter – Euro financing, a strategy for EU survival

First published on en.irefeurope.org

In recent times, the EU authority has been challenged by Romania and Poland, both of whom have asserted the primacy of their domestic laws over EU treaty law in certain areas.   Hungary is also a well-known thorn in its side.  Given these threats, and the reputational sleight of the departure of the […]

New EU taxes are vital to cover the cost of its ‘invisible’ Coronavirus Recovery Fund debts – but at what cost to member states?

This article was first published on brexit-watch.org

Facts4EU.Org has revealed that the EU, in Christmas week, floated the concept of new taxes to bring in an amount of €380 billion between 2026 and 2030, of which €85 billion would flow to Brussels. €247 billion of the new taxes are carbon-related, and €133 billion are new taxes […]

Rising Debt, Greater Risk – The EU’s invisible accounting system

The Eurosystem’s balance sheet now shows that its assets of €12 trillion exceed the Eurozone’s 2020 GDP of €11.4 trillion. This is attributable to the emergency response to Covid by the European Central Bank (ECB), who both created the Pandemic Emergency Purchase Programme (the PEPP), extended the programme of unsecured loans to banks called Targeted […]

Technical blog on the Eurozone’s Hidden Debt: A Dangerous legacy of EU governance – Politeia

You can DOWNLOAD HERE the technical blog that accompanies the Politeia article on extrapolating lessons for the Eurozone, UK and global banking systems from the proposed merger of UniCredit and Monta dei Paschi di Siena.

The case raises difficult questions about whether any meaningful re-capitalization of banking systems has occurred since the Global Financial Crisis or […]

The Eurozone’s Hidden Debt: A Dangerous legacy of EU governance – Politeia

As Italy’s oldest bank is poised to merge with its second largest, Bob Lyddon considers the failure of Eurozone governance and its potential consequences –   from which the UK is not immune

The UK-EU Withdrawal Agreement (2019) with its Northern Ireland Protocol remains one problematic matter of unfinished Brexit business.  Less widely known is the matter […]