by Mish

European Council chief, Donald Tusk is the fool of the day.

Please consider ‘Hard Brexit’ or No Brexit, Warns Donald Tusk.

Speaking at a conference in Brussels, Donald Tusk dashed the hopes of those hoping Britain could remain inside the EU’s single market or negotiate some special form of association. The tenor of the UK’s referendum campaign had been to “radically loosen relations with the EU, something that goes by the name of ‘hard Brexit’,” he said.

“In my opinion, the only real alternative to a hard Brexit is no Brexit,” Mr Tusk said. “Even if today hardly anyone believes in such a possibility.”

In remarks that are likely to infuriate prominent Brexiters in the British government, Mr Tusk set out a bleak picture for the negotiations to come between the UK and the rest of the EU, saying that there would be no winners, only losers. “This scenario will in the first instance be painful for Britons,” he said.


“The brutal truth is that Brexit will be a loss for all of us. There will be no cakes on the table for anyone. There will only be salt and vinegar.”

In stark terms, Mr Tusk said that it was “useless to speculate about soft Brexit”.
Mr Tusk also said he expected the exit talks to last considerably longer than the two years foreseen under the so-called Article 50 procedure in the EU’s treaties. “I think the process will be much longer than two years,” he said.

Spiteful Jackasses

The words “spiteful jackasses” do not do justice to fools who think the EU will in any way benefit from such idiocy.

The EU will lose heavily in a trade war. And this all-or-none approach will hugely damage EU exports and GDP at a time when Greece, Italy, are struggling mightily, and Spain has an immense budget problem.

Any further weakening in EU economies will play straight into the hands of Beppe Grillo’s Five Star Movement in Italy, Marine le Pen’s National Front party in France, and anti-immigration FPÖ candidate Norbert Hofer in Austria.

Insistence on salt and vinegar is downright asinine when you propose force feeding it to yourself.

Mike “Mish” Shedlock

The Tampon Tax, Brexit, and Reform Promises

Of all the “Brexit” battles over whether or not the UK should stay in the EU, I never figured a “Tampon Tax” would become front page news. But here we are.

Everyone Welcome, Competition Not Allowed

In response to Brexit is a Religious Battle (And You Can’t Negotiate Religion), a number of commenters missed a key point: the blatant hypocrisy of Germany on the freedom of movement of goods and services.

Brexit Blackmail Irony: EU Threatens UK with Queues and Shortages

THE key obstacle to a reasonable Brexit negotiation is Michel Barnier, the EU’s Brexit negotiator.

EU Doesn’t Want Brexit “Negotiations”, the EU Wants “Blood Revenge”

It is becoming increasingly apparent there is actually no reason for the UK to show up at the Brexit “negotiations”.

Over 65 And Needing A Job; Interview Tips For Everyone

Over 65, out of work and desperate for a job? So are record numbers of people who thought they would be retired but now find they cannot afford to.

Three Cheers for MP Daniel J Hannon: Why Not a Better Brexit Deal For Everyone?

The EU values political correctness more than jobs. The result was a collapse in support for Angela Merkel, and the rise of AfD and FDP in Germany. Let’s not forget Marine Le Pen in France, Beppe Grillo in Italy, and the far right in Austria.

Promises, Promises; Public Union Pensions NOT Sacrosanct

Numerous cities have filed for bankruptcy in recent years, and many more cities are on the brink.

Divorce Proceedings Begin March 29: Brexit Debate, Mish vs Financial Times

The UK announced it would file Article 50 on March 29. At that time, control over the timing and structure of negotiations goes to the EU.

Starve the Beast: Trump's Tax Cut Better for Businesses, Worse For Everyone Else

Corporate America is doing far better than most expected under Trump's tax cuts. But the cuts didn't pay for themselves.