The Contrarian

“In the investment markets, what everyone knows is usually not worth knowing.”

Another Exit From The EU Brewing?

The EU is crumbling, and no one in a leadership position sees the signs. What a bunch of incompetence! The EU now says that it would cost Britain a huge €60 billion to exit. Does Brussels really think the Brits will pay that? The EU governing body thinks they are bargaining from a position of strength. We disagree.

  1. Italy has an increasingly strong movement to exit from the EU.
  2. Marie Le Pen’s party in France wants to do the same and in our view, she will be the “Trump of France.”
  3. And now it’s the Netherlands, where the party in favor of leaving the EU may win this year.

As we wrote last year, if the EU government isn’t reformed, the EU will crumble. Germany alone cannot finance the huge debt of all the member nations. Read Mish Shedlock’s take on what could be the next “exit” from the EU.

Dutch Parliament to Debate Leaving the Eurozone: Nexit on the Way?

Potential Eurozone disruption possibilities keep compounding. The Netherlands Parliament will now debate leaving the Eurozone.

Here is an excerpt from the article on Reuters, “Dutch relations with euro up for debate after lawmakers commission probe.”

“The Netherlands’ future relationship with the euro will be comprehensively debated by its parliament following elections in March, after lawmakers commissioned a report on the currency’s future.

The probe will examine whether it would be possible for the Dutch to withdraw from the single currency, and if so how, said lawmaker Pieter Omtzigt.

Omtzigt, of the opposition Christian Democrats, tabled the parliamentary motion calling for the investigation, which legislators passed unanimously late on Thursday.

It was prompted by concerns the ECB’s ultra-low interest rates are hurting Dutch savers, especially pensioners, and doubts as to whether its bond purchasing programmes are legal, he said.

While most Dutch voters say they favour retaining the euro, the eurosceptic far-right party of Geert Wilders is expected to book large gains though it is unlikely to win enough votes to form a government.

The most probable outcome of the March 15 vote is a new centrist coalition including some parties, such as Omtzigt’s Christian Democrats, that have been vocal in their opposition to current ECB policy.

OUR VIEW: Geert Wilders is likely to be the Trump of the Netherlands. The media tries to attack him just as they did Donald Trump, but it doesn’t convince the voters who are more interested in supporting someone who is in favor of defending the homeland. If he wins, it would be another loss for the globalists.

Geert Wilders is likely to “win” the Dutch election. In this case, “win” means get more votes than any other political party in Netherlands.

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