17.7 C
Tuesday, April 23, 2024
secret satire society
HomeBusinessThe Eurozone Risks Intensifying its Demise Why Britain Must Leave

The Eurozone Risks Intensifying its Demise Why Britain Must Leave

LONDON - England - It does not make sense as to why Britain should stay in the European Union when the risks to stay are higher than risks to leave.


What you won’t read in any Goldman Sachs funded EU propaganda and Britain Stronger in Europe (BSE) leaflets is the underlying question of fiscal sustainability of the EU in the long-term.

No amount of creative accounting can hide the vast holes in the EU budget, and sooner or later taxes across the eurozone are going to have to rise sharply to counteract this fiscal black hole.

With an ageing population requiring pensions, the eurozone is in decline population wise, the UN reveals this worrying trend in its population division analysis which shows that by 2050 the EZ will have an increase of 58% of the old age dependency ratio bringing massive costs to the eurozone.

Unfunded public sector pension liabilities across the eurozone are considerably larger than the UK, and many in the EU have little or no pension fund assets compared to the UK. If we remain in the EU, our pension wealth will be swallowed up by the eurozone pension liabilities.

ez public debtThe eurozone also faces a time bomb of growing public debt, OECD estimates calculate that by 2050 the cost of debt interest payments will rise from 1.8% of GDP to 6.9% of GDP.

To counteract this massive shortfall the eurozone will have to raise an additional 7.1% of GDP to meet the costs, or in 2014 monetary terms, the equivalent of €726 Billion per annum. This is more than five times the current EU budget.

These are the cold hard facts that the BSE campaign to keep Britain in the EU are not telling people. They are not revealing the problems with Greece’s economy, and with Italy, or the French problem.

Greece’s debt liability alone is €355 Billion and IMF leaks reveal that the country is set to default only one month after the UK’s EU referendum.

It would thus be insanity and economical suicide for Britain to remain in such a eurozone  surfeited with huge debt, an ageing population and liabilities that compound risk to the United Kingdom.

  Daily Squib Book

  DAILY SQUIB BOOK The Perfect Gift or can also be used as a doorstop. Grab a piece of internet political satire history encapsulating 15 years of satirical works. The Daily Squib Anthology REVIEWS: "The author sweats satire from every pore" | "Overall, I was surprised at the wit and inventedness of the Daily Squib Compendium. It's funny, laugh out loud funny" | "Would definitely recommend 10/10" | "This anthology serves up the choicest cuts from a 15-year reign at the top table of Internet lampoonery" | "Every time I pick it up I see something different which is a rarity in any book"
- Advertisment -





The definitive book of Juvenalian satire and uncanny prophesies that somehow came true. This is an anthology encompassing 15 years of Squib satire on the internet compiled and compressed into one tiddly book. Buy the Book Now!

Translate »