‘Every step and every movement of the multitude, even in what are termed enlightened ages, are made with equal blindness to the future; and nations stumble upon establishments, which are indeed the result of human action, but not the execution of any human design.’

Adam Ferguson, An Essay on the History of Civil Society (1767)

01 August 2017

On the Record | A post-Brexit surprise suggests EU is blocking aspirations of its members

Please see my latest wire as Brexit diarist for The New York Sun, ‘A post-Brexit surprise suggests EU is blocking aspirations of its members’:

It looks like it’s going to take a keen eye to handicap the negotiations that are taking place between Britain and Europe in respect of Brexit. Particularly because the early maneuvers may give the false impression that the Brits have been back-footed by wily Brussels bureaucrats.

Not so, is my prediction from the rocky outcrop of Nova Scotia, whence we watch Brexit. While each eyes its counterpart warily, testing for strengths and weaknesses in opposing strategies, the Europeans outside the room offer the hints of the EU’s future. The first telling signs come from its strongest member state, Germany.

It turns out that the Association of German Chambers of Commerce and Industry, representing more than 3 million businesses and entrepreneurs, is worried about the impact of Brexit upon prospective trade. (No doubt the same concern is fermenting among the other 26 EU members.) German exports to the UK were down 3% last year, igniting fears of a post-Brexit slump.

Read more . . .

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My thanks to editor Seth Lipsky of The New York Sun.