Brexit, the elections in the Netherlands, the possible bankruptcy of the United States: the next 48 hours can change the world
Begins “brakcet”, Netherlands vote, the US can go bankrupt. In the coming days the world can change. Perhaps it will affect our money.
Write about it Stefan Beutelsbacher, Nando, Sommerfeldt and Holger Chepic in the article “How the next 48 hours can change the world”, published on the website of the newspaper Die Welt.
Another 48 hours, and the world will be a little different. What will happen over the next two days, probably will have consequences. For the global markets – and thus our money. For German policy, which, perhaps, are faced with an unprecedented challenge. Europe can change its face, as a world power threatens to become bankrupt.
Begins “brakcet”
From June 2016, all talk about “breccia”, but in reality it does not exist yet. There is only the will of the people expressed in the referendum: the British intend to leave the European Union. Official application for the country’s withdrawal from the EU under article 50, still not filed. But now the situation is getting serious. The process starts. Yesterday the British Parliament passed the law on “broksita”, according to which the government can start to exit from the European Union. After Britain’s Queen Elizabeth II would approve of the law, Prime Minister Theresa may to request access to the Council of the EU. Most experts predict that may will begin formal negotiations on secession before the election in the Netherlands, but only at the end of March.
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The British Parliament finally voted for Brexit
“Now it will be a difficult stage,” said James McCormack of Fitch ratings Agency. The British were in a difficult situation. “They have no control over the subject matter of the negotiations or their order.” It is also unknown what the expense of Europe will expose the British for the exit.
Today, debt has become a problem for the island. The state and private households are living beyond their possibilities. The ratio of public debt is around 90 percent of economic output. The private sector is also of paramount commitments. This led to the fact that in the current balance of the country there is a gap in approximately five percent of the economic output. It needs to be filled with foreign capital. If investors lose confidence, there will be the risk of financial crisis in 70 years when I had to intervene to the International monetary Fund. So much will depend on how investors react to “brakcet”. Deutsche Bank, for example, expects that after application exit, the value of the pound could decline by about six percent.