JEWISH KING JESUS IS COMING AT THE RAPTURE FOR US IN THE CLOUDS-DON'T MISS IT FOR THE WORLD.THE BIBLE TAKEN LITERALLY- WHEN THE PLAIN SENSE MAKES GOOD SENSE-SEEK NO OTHER SENSE-LEST YOU END UP IN NONSENSE.GET SAVED NOW- CALL ON JESUS TODAY.THE ONLY SAVIOR OF THE WHOLE EARTH - NO OTHER. 1 COR 15:23-JESUS THE FIRST FRUITS-CHRISTIANS RAPTURED TO JESUS-FIRST FRUITS OF THE SPIRIT-23 But every man in his own order: Christ the firstfruits; afterward they that are Christ’s at his coming.ROMANS 8:23 And not only they, but ourselves also, which have the firstfruits of the Spirit, even we ourselves groan within ourselves, waiting for the adoption, to wit, the redemption of our body.(THE PRE-TRIB RAPTURE)
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http://ift.tt/28SHPa9
http://ift.tt/28Z7Yrk
EU SPAIN #11 (POSSIBLY MIGHT PRODUCE THE WORLD LEADER)
HOW THE COMMON MARKET TO EUROPEAN UNION WAS BORN.
Treaty establishing the European Coal and Steel Community (1951)
http://ift.tt/28Wgwu8
Treaty establishing the European Economic Community (1957)
http://ift.tt/1zIde4r
Treaty establishing the European Atomic Energy Community (1957)
http://ift.tt/28WgqCT
01-BELGIUM-1958 *** (A BELGIAN WILL NEGOTIATE THE UK EXIT FROM EU) *
02-NETHERLANDS-1958 *
03-LUXUMBOURG-1958 *
04-ITALY (ROME)-1958
05-FRANCE-1958
06-GERMANY-1958
(THESE 6 SIGN THE TREATY OF ROME)(THE REVIVED ROMAN EMPIRE)
07-IRELAND-1973
08-DENMARK-1973 *
09-UNITED KINGDOM (BRITAIN)-1973 ** (DROPPED OUT JUNE 23,16) *
10-GREECE-1981
Schengen Convention (1985)
http://ift.tt/28WOliG
11-SPAIN-1986 ******* (IMPORTANT SAY IN THE EU) *
12-PORTUGAL-1986
Treaty on European Union (1992)
http://ift.tt/28WgvXf
13-AUSTRIA-1995
14-FINLAND-1995
15-SWEDEN-1995 *
Treaty of Nice (2001)
http://ift.tt/28WObrC
Treaty establishing a Constitution for Europe (2004)
http://ift.tt/28Wgwu9
16-CYPRUS-2004
17-CZECH REPUBLIC-2004
18-ESTONIA-2004
19-HUNGARY-2004
20-LATVIA-2004
21-LITHUANIA-2004
22-MALTA-2004
23-POLAND-2004
24-SLOVAKIA-2004
25-SLOVENIA-2004
26-BULGARIA-2007
27-ROMANIA-2007
Charter of Fundamental Rights of the European Union (2007)
http://ift.tt/28WOdji
Treaty of Lisbon (2007)
http://ift.tt/1bFYdtX
28-CROATIA-2013
** DROPPING OUT OF THE EUROPEAN UNION TRADE BLOC.
*** NEGOTIATOR WITH HOW UK EXITS THE UNION TRADE BLOC.
******* THESE COUNTRIES COULD HAVE A BIG SAY IN FUTURE EU HAPPENINGS.
* KINGS AND QUEENS IN EU COUNTRIES-MONARCHIES.
JOINING COUNTRIES TREATIES WITH THE EU-ACCESSION TREATIES
http://ift.tt/28WOjHH
OTHER EU TREATIES AND PROTOCOLS
http://ift.tt/28WgNgH
http://ift.tt/1nBg8W4
DANIEL 7:8,24
8 I considered the horns, and, behold, there came up among them another little horn,(WORLD DICTATOR) before whom there were three of the first horns plucked up by the roots: and, behold, in this horn were eyes like the eyes of man, and a mouth speaking great things.
24 And the ten horns out of this kingdom are ten kings(10 NATIONS-10 WORLD DIVISION WORLD GOVERNMENT) that shall arise: and another shall rise after them;(#11 SPAIN) and he shall be diverse from the first, and he shall subdue three kings.(EITHER THE EUROPEAN UNION DICTATOR BOOTS 3 ORIGINAL COUNTRIES FROM THE 6 FOUNDING MEMBERS OR THE DICTATOR TAKES OVER THE WORLD ECONOMY BY CONTROLLING 3 WORLD TRADE BLOCS)
OTHER EU OUT STORIES I DONE
http://ift.tt/28WgySShttp://ift.tt/28SI0lv
http://ift.tt/28SHPa9
http://ift.tt/28Z7Yrk
EU SPAIN #11 (POSSIBLY MIGHT PRODUCE THE WORLD LEADER)
HOW THE COMMON MARKET TO EUROPEAN UNION WAS BORN.
Treaty establishing the European Coal and Steel Community (1951)
http://ift.tt/28Wgwu8
Treaty establishing the European Economic Community (1957)
http://ift.tt/1zIde4r
Treaty establishing the European Atomic Energy Community (1957)
http://ift.tt/28WgqCT
01-BELGIUM-1958 *** (A BELGIAN WILL NEGOTIATE THE UK EXIT FROM EU) *
02-NETHERLANDS-1958 *
03-LUXUMBOURG-1958 *
04-ITALY (ROME)-1958
05-FRANCE-1958
06-GERMANY-1958
(THESE 6 SIGN THE TREATY OF ROME)(THE REVIVED ROMAN EMPIRE)
07-IRELAND-1973
08-DENMARK-1973 *
09-UNITED KINGDOM (BRITAIN)-1973 ** (DROPPED OUT JUNE 23,16) *
10-GREECE-1981
Schengen Convention (1985)
http://ift.tt/28WOliG
11-SPAIN-1986 ******* (IMPORTANT SAY IN THE EU) *
12-PORTUGAL-1986
Treaty on European Union (1992)
http://ift.tt/28WgvXf
13-AUSTRIA-1995
14-FINLAND-1995
15-SWEDEN-1995 *
Treaty of Nice (2001)
http://ift.tt/28WObrC
Treaty establishing a Constitution for Europe (2004)
http://ift.tt/28Wgwu9
16-CYPRUS-2004
17-CZECH REPUBLIC-2004
18-ESTONIA-2004
19-HUNGARY-2004
20-LATVIA-2004
21-LITHUANIA-2004
22-MALTA-2004
23-POLAND-2004
24-SLOVAKIA-2004
25-SLOVENIA-2004
26-BULGARIA-2007
27-ROMANIA-2007
Charter of Fundamental Rights of the European Union (2007)
http://ift.tt/28WOdji
Treaty of Lisbon (2007)
http://ift.tt/1bFYdtX
28-CROATIA-2013
** DROPPING OUT OF THE EUROPEAN UNION TRADE BLOC.
*** NEGOTIATOR WITH HOW UK EXITS THE UNION TRADE BLOC.
******* THESE COUNTRIES COULD HAVE A BIG SAY IN FUTURE EU HAPPENINGS.
* KINGS AND QUEENS IN EU COUNTRIES-MONARCHIES.
JOINING COUNTRIES TREATIES WITH THE EU-ACCESSION TREATIES
http://ift.tt/28WOjHH
OTHER EU TREATIES AND PROTOCOLS
http://ift.tt/28WgNgH
http://ift.tt/1nBg8W4
DANIEL 7:8,24
8 I considered the horns, and, behold, there came up among them another little horn,(WORLD DICTATOR) before whom there were three of the first horns plucked up by the roots: and, behold, in this horn were eyes like the eyes of man, and a mouth speaking great things.
24 And the ten horns out of this kingdom are ten kings(10 NATIONS-10 WORLD DIVISION WORLD GOVERNMENT) that shall arise: and another shall rise after them;(#11 SPAIN) and he shall be diverse from the first, and he shall subdue three kings.(EITHER THE EUROPEAN UNION DICTATOR BOOTS 3 ORIGINAL COUNTRIES FROM THE 6 FOUNDING MEMBERS OR THE DICTATOR TAKES OVER THE WORLD ECONOMY BY CONTROLLING 3 WORLD TRADE BLOCS)
Sweden, Germany, Italy and France all under pressure to hold referendums
http://ift.tt/290UGLo
Readying for Brexit, Britain may see new PM by early September-[Reuters]-By Elizabeth Piper and Kylie MacLellan-June 27, 2016-YAHOONEWS
LONDON (Reuters) - Britain could have a new prime minister by early September, the ruling Conservative Party said on Monday, after David Cameron started laying the groundwork for his successor to trigger the country's exit from the European Union.The government is under pressure to fill a vacuum left when Cameron announced he would resign by October after Britain ignored his advice and voted to leave the 28-member bloc in last week's referendum.Triggering a leadership battle which could draw in some of his closest advisers, Cameron urged ministers to work together in the meantime. But he also formed a separate unit, staffed by public servants, to help advise Britain on its departure and its options for a future outside the EU."Although leaving the EU was not the path I recommended, I am the first to praise our incredible strengths as a country," Cameron told parliament."As we proceed with implementing this decision and facing the challenges that it will undoubtedly bring, I believe we should hold fast to a vision of Britain that wants to be respected abroad, tolerant at home, engaged in the world."Asked about the possibility of a second EU referendum, Cameron said the result of Thursday's vote must be accepted.Graham Brady, chair of the "1922 committee" of Conservative lawmakers which sets the party's ground rules in parliament, said the group had recommended that the leadership contest should begin next week and conclude no later than Sept. 2.That recommendation will almost certainly be passed."Both the Conservatives and the country more generally really want certainty. We would like a resolution and we think it would be a good thing to conclude this process as soon as we practicably can," Brady told Sky News.He said there should be no new parliamentary election before Britain had negotiated the terms of its exit from the EU.Several Conservative lawmakers have urged leadership candidates to try to broker a deal quickly to make sure that any campaign is as painless as possible, and to avoid deepening divisions exposed during the referendum campaign."A leadership contest now is not in the interests of our country," said Justine Greening, international development minister. "It will mean our party focuses inward at the very time our country most needs us to focus outward."-JOCKEYING FOR POSITION-All eyes are on former London mayor Boris Johnson, the most prominent of the "Leave" campaigners and now bookmakers' favorite to succeed Cameron.But not all party members back him and many are pressing for "Anyone But Boris", seeing his decision to back the Leave campaign as a betrayal of his former ally Cameron, according to media reports.Cameron's spokesman said the prime minister would not endorse any candidate to succeed him.Instead, Cameron urged unity both in government and in the country and had announced he had set up an advisory unit to help manage Britain's departure from the European Union and to make sure his successor has all the possible information necessary to decide the country's future."Clearly this will be the most complex and most important task that the British civil service has undertaken in decades. So the new unit will sit at the heart of government and be led by and staffed by the best and brightest from across our civil service," Cameron said.For now, the priority was working together on government business, which some critics say has been all but put on hold since campaigning for the referendum began in February, and reassuring the many migrants who fear their status may change.Cameron told parliament he would not put up with intolerance, after reports that migrants, particularly those from Poland, had been told by some Britons to "go home" since the country voted to leave the EU."Let's remember these people have come here and made a wonderful contribution to our country. And we will not stand for hate crime or these kinds of attacks," he said. "They must be stamped out."(additional reporting by William James, editing by Stephen Addison)
Does ‘Brexit’ Mean Security Woes Are Next?-[Mark Thompson]-June 26, 2016-YAHOONEWS
The comment last spring was startling, coming as it did from NATO’s commander. “Russia and the Assad regime are deliberately weaponizing migration from Syria in an attempt to overwhelm European structures and break European resolve,” U.S. Air Force General Philip Breedlove, since retired, said of Moscow’s Vladimir Putin and his long-time ally, Syrian President Bashar Assad.Immigration from inside the European Union, as well as the nearly 5 million fleeing Syria’s civil war, no doubt played a role in the U.K.’s historic vote last Thursday to bail out of the E.U. While there were expressions of shock across European capitals as well as Washington, there were half-hidden smiles from inside the Kremlin. That’s because any increase in internal European tensions following Brexit can only benefit Putin’s Russia.“The consequences will be global. They are inevitable,” Putin said following the vote. “They will be both positive and negative.”The vote exposes cracks in Europe that could make it tougher to impose economic sanctions on Russia for its actions in Crimea and Ukraine. “I am concerned about a more fragmented Europe,” NATO Secretary-General Jens Stoltenberg said Friday. “But it is important now to look forward and work with leaders in NATO and the European Union to make sure we both strengthen NATO as a platform for European cooperation.” NATO officials had repeatedly declared before the vote that a British departure from the 28-member E.U.—largely an economic and political union—would hurt the continent’s stability, but took pains afterward to declare NATO—a 28-state military alliance—to be the true guarantor of Europe’s security.That’s why the looming North Atlantic summit in Warsaw, starting July 8, will be closely watched. Now that Great Britain has made clear it wants to pull back from Europe, will it also trim its defense spending? The U.K. is one of the handful of European nations spending 2% of its gross domestic product on its military and has been the E.U.’s mightiest military power. “Not only will Britain likely be a weaker ally in the aftermath of Brexit, but Europe will also be feebler,” Kori Schake, a fellow at Stanford University’s Hoover Institution, writes at Foreign Policy. But not everyone concurs. “Brexit, counter-intuitive as it might sound, will likely produce a stronger NATO,” argues ex-NATO chief James Stavridis.But his is a rare voice. “Since World War II, the United States, aided principally by Britain, has worked to reduce the potential for international conflict, with particular success in Europe; encourage democratic governance; promote free markets; and lift billions of people out of poverty,” the New York Times noted in its lead editorial on Sunday. “A crucial brick in that system is now in danger of being removed.”Defense Secretary Ashton Carter spoke Friday with his counterpart, U.K. defense minister Michael Fallon, to stress the two nations’ military resolve despite Brexit. Carter “emphasized that the United States and the United Kingdom will always enjoy a special relationship, one reflected in our close defense ties, which remain a bedrock of U.S. security and foreign policy,” Pentagon spokesman Peter Cook said.Ever since World War II, Washington and London have toasted the “special relationship” that has seen them standing shoulder-to-shoulder on a wide variety of international-security issues. And while leaders in both nations have said Brexit will not change that relationship, the leaders—whose urgings that Britain remain in the U.K. came to naught—could be wrong here as well.
Brexit vote sends new shocks through financial markets, political chaos deepens-[Reuters]-By Kylie MacLellan and Anirban Nag-June 27, 2016-YAHOONEWS
LONDON (Reuters) - Britain's decision to leave the European Union sent new shockwaves through financial markets on Monday, with the pound falling despite the country's leaders' attempts to ease political and economic turmoil unleashed by the move.Finance minister George Osborne said the British economy was strong enough to cope with the volatility caused by Thursday's referendum, the biggest blow since World War Two to the European goal of forging greater unity.But his words failed to halt the fall of sterling, which later sank to its lowest level against the U.S. currency for 31 years, continuing the slide that began last week when Britons confounded investors' expectations by voting to end 43 years of EU membership.European bank shares had their worst two-day fall on record and world stocks, as measured by MSCI <.MIWD00000PUS> were on track for worst two-day fall since the aftermath of the Lehman Bros collapse in late 2008. With the ruling Conservatives looking for a new leader after Prime Minister David Cameron's resignation on Friday and lawmakers from the opposition Labour party stepping up a rebellion against their leader, Britain sank deeper into political and economic chaos."There's no political leadership in the UK right when markets need the reassurance of direction," said Luke Hickmore of Aberdeen Asset Management, expressing the view of many in the City of London financial center.Cameron has promised to stay on until October as a caretaker. A committee responsible for running the process of selecting a new leader for his Conservative Party recommended a faster process that should be completed by early September.The prime minister sought to calm fears over the fallout of the referendum and said there should be no attempt in parliament, where a majority of members, like him, argued that Britain should stay in the EU, to block Britain's departure."I am clear, and the cabinet agreed this morning, that the decision must be accepted," Cameron told parliament, which faces a public petition for a new referendum.But his refusal to start formal moves immediately to pull the country out of the EU has prompted many European leaders to demand quicker action by Britain, the EU's second largest economy after Germany, to leave the 28-country bloc."It should be implemented quickly. We cannot remain in an uncertain and indefinite situation," French finance minister Michel Sapin said on France 2 television.Guenther Oettinger, a German member of the EU's executive European Commission, said Cameron and his party should not risk causing damage at home and abroad by waiting until October."Every day of uncertainty prevents investors from putting their funds into Britain, and also other European markets," he told Deutschlandfunk radio.-MERKEL HAS NO BRAKE, NO ACCELERATOR-While European countries would like to end the uncertainty with swift negotiations, they cannot begin until Britain formally notifies the EU it is planning to exit.Since Cameron decided to leave that task to his successor, escalating turmoil in both major political parties has created even more uncertainty over Britain's plans for the future and the transition to a new leader.German Chancellor Angela Merkel she had "neither a brake nor an accelerator" to control events.She has appeared to take a softer line than some European leaders. But she ruled out informal talks before London notifies the EU of its intention to leave under the EU's Lisbon Treaty, which provides its constitutional basis.Making clear the exit negotiations would not be easy, Volker Kauder, who leads Merkel's conservatives in parliament, told ARD television: "There will be no special treatment, there will be no gifts."The shock waves are being felt across the globe at a time when economies are still fragile from the 2008 economic crisis, interest rates are close to zero and central banks have fewer tools than normal to revive demand if countries enter recession.Chinese Premier Li Keqiang said uncertainties over the global economy had heightened and called for a "united, stable EU, and a stable, prosperous Britain".Financial markets misjudged the referendum, betting on the status quo despite abundant signs that the vote would be close.When reality dawned, the reaction was brutal. Sterling fell as much as 11 percent against the dollar on Friday for its worst day in modern history, while $2.8 trillion was wiped off the value of world stocks -- the biggest daily loss ever.That trumped even the Lehman Brothers bankruptcy during the 2008 financial crisis and the Black Monday stock market crash of 1987, according to Standard & Poor's Dow Jones Indices.By Monday afternoon, sterling had shed around 3.6 percent against the dollar to $1.3209 despite an attempt by Osborne to ease concerns by saying he was working closely with the Bank of England and officials in other leading economies."Our economy is about as strong as it could be to confront the challenge our country now faces," he told reporters. "It is inevitable after Thursday's vote that Britain's economy is going to have to adjust to the new situation we find ourselves in."U.S. Treasury Secretary Jack Lew also tried to restore calm, telling CNBC television it had been "an orderly impact so far" though he later added: "We have resilience built into our economy, but we're not cut off from the world."Visiting Brussels, U.S. Secretary of State John Kerry said it was important that "nobody loses their head" as the EU and Britain deal with the fallout from the referendum.-"PENSIONS ARE SAFE"-The vote to leave the EU has increased the likelihood of Scotland holding a second referendum on independence, after voters there strongly backed remaining in the EU.Boris Johnson, a leading proponent of a Brexit and likely contender to replace Cameron, praised Osborne for saying "some reassuring things to the markets".The former London mayor said it was now clear "people's pensions are safe, the pound is stable, markets are stable. I think that is all very good news."But financial markets took a different view. The yield on British 10-year government bonds fell below 1 percent for the first time as investors bet the Brexit vote would trigger a Bank of England interest rate cut aimed at steadying the economy.Many economists have cut economic growth forecasts for Britain, with Goldman Sachs expecting a mild recession within a year. The risks affect economies far beyond Britain."Against the backdrop of globalization, it's impossible for each country to talk about its own development discarding the world economic environment," China's Li told the World Economic Forum in the city of Tianjin.Japanese Prime Minister Shinzo Abe instructed his finance minister to watch currency markets "ever more closely" and take steps if necessary.-DIVIDED PARTIES-The referendum revealed social as well as economic stresses in divided Britain.Immigration was one of the main themes of the campaign, alongside discontent with the political establishment in general and the Conservatives in particular. Many Brexit backers complained the EU had allowed uncontrolled numbers of migrants to arrive from eastern Europe.Police said offensive leaflets targeting Poles had been distributed in Huntingdon, central England, and graffiti had been daubed on a Polish cultural center in central London on Sunday, three days after the vote.According to a local newspaper, the Cambridge News, the leaflets said "Leave the EU/No more Polish vermin" in English and Polish.The Polish embassy in London said it was shocked by the "xenophobic abuse" aimed at the Polish community and others.With Britain now facing uncertainty over how its trade relationship with the EU will unfold, Johnson tried to calm fears by writing in the Daily Telegraph newspaper that there would be continued free trade and access to the single market.He suggested Britain would not have to accept free movement of workers, saying it could implement an immigration policy which suited business and industry.However, single market rules stipulate that countries must accept the free movement of people as well as goods. Yielding on immigration would anger many Britons who voted to leave.Johnson is expected to declare soon that he is running to lead the Conservatives, who have been divided for decades between pro- and anti-EU factions.Divisions within the opposition are also deep. A wave of Labour lawmakers resigned from leader Jeremy Corbyn's team on Monday, adding to the 11 senior figures who quit on Sunday, saying his campaign to keep Britain in the EU was half-hearted.Corbyn, a left-winger who has strong support among ordinary party members, has said he is going nowhere.(Additional reporting by David Lawder, William James, Jamie McGeever, Nigel Stephenson, Kevin Yao, Costas Pitas, Bate Felix, Andrea Shalal, Michael Holden, Guy Faulconbridge, David Milliken, Patrick Graham, Anirban Nag, Michelle Martin, Paul Carrel, Conor Humphries, Minami Funakoshi and Tetsushi Kajimoto, Writing by David Stamp and Philippa Fletcher, Editing by Timothy Heritage and Peter Graff)
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Readying for Brexit, Britain may see new PM by early September-[Reuters]-By Elizabeth Piper and Kylie MacLellan-June 27, 2016-YAHOONEWS
LONDON (Reuters) - Britain could have a new prime minister by early September, the ruling Conservative Party said on Monday, after David Cameron started laying the groundwork for his successor to trigger the country's exit from the European Union.The government is under pressure to fill a vacuum left when Cameron announced he would resign by October after Britain ignored his advice and voted to leave the 28-member bloc in last week's referendum.Triggering a leadership battle which could draw in some of his closest advisers, Cameron urged ministers to work together in the meantime. But he also formed a separate unit, staffed by public servants, to help advise Britain on its departure and its options for a future outside the EU."Although leaving the EU was not the path I recommended, I am the first to praise our incredible strengths as a country," Cameron told parliament."As we proceed with implementing this decision and facing the challenges that it will undoubtedly bring, I believe we should hold fast to a vision of Britain that wants to be respected abroad, tolerant at home, engaged in the world."Asked about the possibility of a second EU referendum, Cameron said the result of Thursday's vote must be accepted.Graham Brady, chair of the "1922 committee" of Conservative lawmakers which sets the party's ground rules in parliament, said the group had recommended that the leadership contest should begin next week and conclude no later than Sept. 2.That recommendation will almost certainly be passed."Both the Conservatives and the country more generally really want certainty. We would like a resolution and we think it would be a good thing to conclude this process as soon as we practicably can," Brady told Sky News.He said there should be no new parliamentary election before Britain had negotiated the terms of its exit from the EU.Several Conservative lawmakers have urged leadership candidates to try to broker a deal quickly to make sure that any campaign is as painless as possible, and to avoid deepening divisions exposed during the referendum campaign."A leadership contest now is not in the interests of our country," said Justine Greening, international development minister. "It will mean our party focuses inward at the very time our country most needs us to focus outward."-JOCKEYING FOR POSITION-All eyes are on former London mayor Boris Johnson, the most prominent of the "Leave" campaigners and now bookmakers' favorite to succeed Cameron.But not all party members back him and many are pressing for "Anyone But Boris", seeing his decision to back the Leave campaign as a betrayal of his former ally Cameron, according to media reports.Cameron's spokesman said the prime minister would not endorse any candidate to succeed him.Instead, Cameron urged unity both in government and in the country and had announced he had set up an advisory unit to help manage Britain's departure from the European Union and to make sure his successor has all the possible information necessary to decide the country's future."Clearly this will be the most complex and most important task that the British civil service has undertaken in decades. So the new unit will sit at the heart of government and be led by and staffed by the best and brightest from across our civil service," Cameron said.For now, the priority was working together on government business, which some critics say has been all but put on hold since campaigning for the referendum began in February, and reassuring the many migrants who fear their status may change.Cameron told parliament he would not put up with intolerance, after reports that migrants, particularly those from Poland, had been told by some Britons to "go home" since the country voted to leave the EU."Let's remember these people have come here and made a wonderful contribution to our country. And we will not stand for hate crime or these kinds of attacks," he said. "They must be stamped out."(additional reporting by William James, editing by Stephen Addison)
Does ‘Brexit’ Mean Security Woes Are Next?-[Mark Thompson]-June 26, 2016-YAHOONEWS
The comment last spring was startling, coming as it did from NATO’s commander. “Russia and the Assad regime are deliberately weaponizing migration from Syria in an attempt to overwhelm European structures and break European resolve,” U.S. Air Force General Philip Breedlove, since retired, said of Moscow’s Vladimir Putin and his long-time ally, Syrian President Bashar Assad.Immigration from inside the European Union, as well as the nearly 5 million fleeing Syria’s civil war, no doubt played a role in the U.K.’s historic vote last Thursday to bail out of the E.U. While there were expressions of shock across European capitals as well as Washington, there were half-hidden smiles from inside the Kremlin. That’s because any increase in internal European tensions following Brexit can only benefit Putin’s Russia.“The consequences will be global. They are inevitable,” Putin said following the vote. “They will be both positive and negative.”The vote exposes cracks in Europe that could make it tougher to impose economic sanctions on Russia for its actions in Crimea and Ukraine. “I am concerned about a more fragmented Europe,” NATO Secretary-General Jens Stoltenberg said Friday. “But it is important now to look forward and work with leaders in NATO and the European Union to make sure we both strengthen NATO as a platform for European cooperation.” NATO officials had repeatedly declared before the vote that a British departure from the 28-member E.U.—largely an economic and political union—would hurt the continent’s stability, but took pains afterward to declare NATO—a 28-state military alliance—to be the true guarantor of Europe’s security.That’s why the looming North Atlantic summit in Warsaw, starting July 8, will be closely watched. Now that Great Britain has made clear it wants to pull back from Europe, will it also trim its defense spending? The U.K. is one of the handful of European nations spending 2% of its gross domestic product on its military and has been the E.U.’s mightiest military power. “Not only will Britain likely be a weaker ally in the aftermath of Brexit, but Europe will also be feebler,” Kori Schake, a fellow at Stanford University’s Hoover Institution, writes at Foreign Policy. But not everyone concurs. “Brexit, counter-intuitive as it might sound, will likely produce a stronger NATO,” argues ex-NATO chief James Stavridis.But his is a rare voice. “Since World War II, the United States, aided principally by Britain, has worked to reduce the potential for international conflict, with particular success in Europe; encourage democratic governance; promote free markets; and lift billions of people out of poverty,” the New York Times noted in its lead editorial on Sunday. “A crucial brick in that system is now in danger of being removed.”Defense Secretary Ashton Carter spoke Friday with his counterpart, U.K. defense minister Michael Fallon, to stress the two nations’ military resolve despite Brexit. Carter “emphasized that the United States and the United Kingdom will always enjoy a special relationship, one reflected in our close defense ties, which remain a bedrock of U.S. security and foreign policy,” Pentagon spokesman Peter Cook said.Ever since World War II, Washington and London have toasted the “special relationship” that has seen them standing shoulder-to-shoulder on a wide variety of international-security issues. And while leaders in both nations have said Brexit will not change that relationship, the leaders—whose urgings that Britain remain in the U.K. came to naught—could be wrong here as well.
Brexit vote sends new shocks through financial markets, political chaos deepens-[Reuters]-By Kylie MacLellan and Anirban Nag-June 27, 2016-YAHOONEWS
LONDON (Reuters) - Britain's decision to leave the European Union sent new shockwaves through financial markets on Monday, with the pound falling despite the country's leaders' attempts to ease political and economic turmoil unleashed by the move.Finance minister George Osborne said the British economy was strong enough to cope with the volatility caused by Thursday's referendum, the biggest blow since World War Two to the European goal of forging greater unity.But his words failed to halt the fall of sterling, which later sank to its lowest level against the U.S. currency for 31 years, continuing the slide that began last week when Britons confounded investors' expectations by voting to end 43 years of EU membership.European bank shares had their worst two-day fall on record and world stocks, as measured by MSCI <.MIWD00000PUS> were on track for worst two-day fall since the aftermath of the Lehman Bros collapse in late 2008. With the ruling Conservatives looking for a new leader after Prime Minister David Cameron's resignation on Friday and lawmakers from the opposition Labour party stepping up a rebellion against their leader, Britain sank deeper into political and economic chaos."There's no political leadership in the UK right when markets need the reassurance of direction," said Luke Hickmore of Aberdeen Asset Management, expressing the view of many in the City of London financial center.Cameron has promised to stay on until October as a caretaker. A committee responsible for running the process of selecting a new leader for his Conservative Party recommended a faster process that should be completed by early September.The prime minister sought to calm fears over the fallout of the referendum and said there should be no attempt in parliament, where a majority of members, like him, argued that Britain should stay in the EU, to block Britain's departure."I am clear, and the cabinet agreed this morning, that the decision must be accepted," Cameron told parliament, which faces a public petition for a new referendum.But his refusal to start formal moves immediately to pull the country out of the EU has prompted many European leaders to demand quicker action by Britain, the EU's second largest economy after Germany, to leave the 28-country bloc."It should be implemented quickly. We cannot remain in an uncertain and indefinite situation," French finance minister Michel Sapin said on France 2 television.Guenther Oettinger, a German member of the EU's executive European Commission, said Cameron and his party should not risk causing damage at home and abroad by waiting until October."Every day of uncertainty prevents investors from putting their funds into Britain, and also other European markets," he told Deutschlandfunk radio.-MERKEL HAS NO BRAKE, NO ACCELERATOR-While European countries would like to end the uncertainty with swift negotiations, they cannot begin until Britain formally notifies the EU it is planning to exit.Since Cameron decided to leave that task to his successor, escalating turmoil in both major political parties has created even more uncertainty over Britain's plans for the future and the transition to a new leader.German Chancellor Angela Merkel she had "neither a brake nor an accelerator" to control events.She has appeared to take a softer line than some European leaders. But she ruled out informal talks before London notifies the EU of its intention to leave under the EU's Lisbon Treaty, which provides its constitutional basis.Making clear the exit negotiations would not be easy, Volker Kauder, who leads Merkel's conservatives in parliament, told ARD television: "There will be no special treatment, there will be no gifts."The shock waves are being felt across the globe at a time when economies are still fragile from the 2008 economic crisis, interest rates are close to zero and central banks have fewer tools than normal to revive demand if countries enter recession.Chinese Premier Li Keqiang said uncertainties over the global economy had heightened and called for a "united, stable EU, and a stable, prosperous Britain".Financial markets misjudged the referendum, betting on the status quo despite abundant signs that the vote would be close.When reality dawned, the reaction was brutal. Sterling fell as much as 11 percent against the dollar on Friday for its worst day in modern history, while $2.8 trillion was wiped off the value of world stocks -- the biggest daily loss ever.That trumped even the Lehman Brothers bankruptcy during the 2008 financial crisis and the Black Monday stock market crash of 1987, according to Standard & Poor's Dow Jones Indices.By Monday afternoon, sterling had shed around 3.6 percent against the dollar to $1.3209 despite an attempt by Osborne to ease concerns by saying he was working closely with the Bank of England and officials in other leading economies."Our economy is about as strong as it could be to confront the challenge our country now faces," he told reporters. "It is inevitable after Thursday's vote that Britain's economy is going to have to adjust to the new situation we find ourselves in."U.S. Treasury Secretary Jack Lew also tried to restore calm, telling CNBC television it had been "an orderly impact so far" though he later added: "We have resilience built into our economy, but we're not cut off from the world."Visiting Brussels, U.S. Secretary of State John Kerry said it was important that "nobody loses their head" as the EU and Britain deal with the fallout from the referendum.-"PENSIONS ARE SAFE"-The vote to leave the EU has increased the likelihood of Scotland holding a second referendum on independence, after voters there strongly backed remaining in the EU.Boris Johnson, a leading proponent of a Brexit and likely contender to replace Cameron, praised Osborne for saying "some reassuring things to the markets".The former London mayor said it was now clear "people's pensions are safe, the pound is stable, markets are stable. I think that is all very good news."But financial markets took a different view. The yield on British 10-year government bonds fell below 1 percent for the first time as investors bet the Brexit vote would trigger a Bank of England interest rate cut aimed at steadying the economy.Many economists have cut economic growth forecasts for Britain, with Goldman Sachs expecting a mild recession within a year. The risks affect economies far beyond Britain."Against the backdrop of globalization, it's impossible for each country to talk about its own development discarding the world economic environment," China's Li told the World Economic Forum in the city of Tianjin.Japanese Prime Minister Shinzo Abe instructed his finance minister to watch currency markets "ever more closely" and take steps if necessary.-DIVIDED PARTIES-The referendum revealed social as well as economic stresses in divided Britain.Immigration was one of the main themes of the campaign, alongside discontent with the political establishment in general and the Conservatives in particular. Many Brexit backers complained the EU had allowed uncontrolled numbers of migrants to arrive from eastern Europe.Police said offensive leaflets targeting Poles had been distributed in Huntingdon, central England, and graffiti had been daubed on a Polish cultural center in central London on Sunday, three days after the vote.According to a local newspaper, the Cambridge News, the leaflets said "Leave the EU/No more Polish vermin" in English and Polish.The Polish embassy in London said it was shocked by the "xenophobic abuse" aimed at the Polish community and others.With Britain now facing uncertainty over how its trade relationship with the EU will unfold, Johnson tried to calm fears by writing in the Daily Telegraph newspaper that there would be continued free trade and access to the single market.He suggested Britain would not have to accept free movement of workers, saying it could implement an immigration policy which suited business and industry.However, single market rules stipulate that countries must accept the free movement of people as well as goods. Yielding on immigration would anger many Britons who voted to leave.Johnson is expected to declare soon that he is running to lead the Conservatives, who have been divided for decades between pro- and anti-EU factions.Divisions within the opposition are also deep. A wave of Labour lawmakers resigned from leader Jeremy Corbyn's team on Monday, adding to the 11 senior figures who quit on Sunday, saying his campaign to keep Britain in the EU was half-hearted.Corbyn, a left-winger who has strong support among ordinary party members, has said he is going nowhere.(Additional reporting by David Lawder, William James, Jamie McGeever, Nigel Stephenson, Kevin Yao, Costas Pitas, Bate Felix, Andrea Shalal, Michael Holden, Guy Faulconbridge, David Milliken, Patrick Graham, Anirban Nag, Michelle Martin, Paul Carrel, Conor Humphries, Minami Funakoshi and Tetsushi Kajimoto, Writing by David Stamp and Philippa Fletcher, Editing by Timothy Heritage and Peter Graff)
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