Excerpted From The Express: AN INVESTOR who correctly predicted Britain would leave the European Union (EU) before the referendum has now forecasted the euro will collapse.
Jim Mellon, the Chairman of the Burnbrae Group, has warned the currency will become a victim in the growing anti-establishment surge which will cause the EU to fracture – all within five years.
He said: “Brexit is going to be a sideshow to the problems of Europe that are becoming more and more evident.
“The euro as it stands at the moment is just a very inappropriate mechanism — I give the euro between one and five years of life.”
The UK’s recent Brexit vote, along with Donald Trump’s election as US President, has signalled a sea-change in global politics and populist movements around the world have gathered pace. Keep reading
Excerpted From The New York Times: The victory of François Fillon in France’s center-right presidential primary is the latest sign that a tectonic shift is coming to the European order: toward accommodating, rather than countering, a resurgent Russia.
Since the end of World War II, European leaders have maintained their ever-growing alliance as a bulwark against Russian power. Through decades of ups and downs in Russian-European relations, in periods of estrangement or reconciliation, their balance of power has kept the continent stable.
But a growing movement within Europe that includes Mr. Fillon, along with others of a more populist bent, is pushing a new policy: instead of standing up to President Vladimir V. Putin of Russia, stand with him.
Mr. Fillon has called for lifting sanctions on Russia and for partnering with Moscow in an effort to curtail immigration and terrorism. He is friendly with Mr. Putin. If pollsters are right and Mr. Fillon wins the French presidency in the spring, he could join several rising European politicians and newly elected leaders who are like-minded. Keep reading
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