My previous musing that any fall of the EU (as David Noakes prophesied in November 2015) may coincide with, or even precede, Britain’s eventual departure from the EU. I wouldn’t be surprised if, as with ancient Egypt when calamitous events were necessary in order to make Pharaoh release the Hebrew slaves, then similar would be required to make Brussels “let our people go”!
Hence, my monitoring the progress in signs of that modern prophecy’s fulfillment.
Today, in Brussels calls for government stimulus to avert recession in eurozone as shocks mount, Ambrose-Evans Pritchard writes (my emphases),
‘The European Commission has issued a stark warning to EU finance ministers, calling for concerted fiscal stimulus to head off a recession and avert a protracted downturn before it is too late.
‘A briefing document for tomorrow’s Eurogroup meeting said the twin shocks of a no-deal Brexit and US car tariffs of 25pc days later risks compounding the current global trade slump and could test the limits of eurozone policy…’
The business editor continues,
‘The EU authorities in Brussels have been slow to grasp the magnitude of the global economic downturn – erroneously counting on a swift rebound by China and emerging markets – but the blizzard of grim data from Germany and the deepening industrial recession has finally set off alarm bells.
‘It is clear that dissenting opinion is at last making itself heard in Brussels. A joint statement by 23 automotive groups across Europe last month warned that a no-deal would shatter just-in-time supply chains and amount to a “devastating” and “seismic” blow to the car industry at a time when auto companies are already facing an existential crisis. “Brexit is not just a British problem, we are all concerned,” said the statement.
After looking at the European Central Bank’s (ECB) state-of-play, Ambrose concludes:
‘Whatever the theoretical arguments, the ECB has reached a political dead end. Nine council members from countries making up over half Euroland GDP have attacked the latest package. “This loose money policy leads to less growth and lower productivity,” said Austria’s central bank governor Robert Holzmann.
‘The eurozone has reached an impasse. Monetary policy is exhausted and fiscal stimulus – beyond tinkering – is constrained by a tangle of rules and laws, so complex that the Commission has to provide a guide book to frustrated officials in national capitals. Now the currency bloc faces a barrage of recessionary shocks.
‘This concentrates the mind. EU leaders must decide over coming days whether to engage seriously with Boris Johnson on his Brexit plan or whether to gamble on the Benn Act, an Article 50 extension, and a fresh referendum.
‘If they get it wrong and instead precipitate a no-deal, the economic chain reaction could spin out of control for them as well as for Britain. It is high-octane brinkmanship.’
#13.1 – (David Noakes on ‘Fall of the EU’) – Brexit May Lead To War (5 Dec’16)
#13.2 – The Demise of the EU (23 Feb’17)
#13.3 – Keep Watching the EU’s Fall (29 May’18)
#13.4 keeps rolling on: Brussels ‘Gravy Train’ Breaks Down (12 Jun’18)
#13.5 rolls on – Muslim Migration, EU’s Collapse – prophetical football? (28 Jun’18)
#13.6 yet again – 3 signs in 1 day of the EU’s shaking!! (On 9/11) (10 Nov’18)
#13.8 – Latest on EU’s Financial Shaking (20 Dec 2018)
#13.9 – Europe Is In Danger Of ‘Sleepwalking’ To Its Doom (13 Feb’19)
#13.10 – German Alarm Over Dangerous Ultimatum Over Brexit (21 Mar’19)
#13.11 – Ignored by the News: ECB has reached the end of the road (28 Mar’19)
#13.12 – Most Europeans Believe EU Could Disintegrate…’ (16 May’19)
#13.13 – Investment Analyst Says EU Collapse Now “Imminent” (30 May’19)
#13.14 – British MEPs Turn Their Backs On EU’s Pagan Anthem (2 July’19)
#13.15 – Germany and the Eurozone ARE Shaking (8 Aug’19)
#14.1 – Patsy Southway on the ‘Domino Effect’ (5 Dec’16)
#13.7 & #14.2 – ‘Watching’ Public Press Foresees A Leaderless EU! (7 Nov’18)
To read the above click upon the relevant entry as listed in Prophecies – Fulfilled.