Bigger than climate change for the moment

“Britain’s exit dashes the EU leadership’s ambitions on efforts to . . . curb greenhouse gas emissions. Britain’s vote to leave the union has disrupted everyday affairs and probably displaced climate concerns as a political priority. It also removes one of the EU’s strongest voices in favour of emissions-cutting policies.” Reuters, 1 July 2016

It should also be mentioned that EU’s concern with climate change had already been shunted into second place by the immigration issue. Even if the latter remains resolved this summer there is also the further issue of Greece’s debts — now way over 200% of its GDP. The IMF loan becomes due for payment within a month or two.

If Greece doesn’t pay it — and it’s difficult to know how it can unless it has another bail-out from Germany — then will Germany stand by its stated intention of leading the other 27 member countries into evicting Greece from the EU?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s