Germany Realises They’re Going to Be EU’s ATM

net-payers

Liam Fox told the Spectator that Germany risks becoming the world’s biggest cash machine after Brexit because it may end up paying for a failing European Union that is in danger of imploding:

“If I were a German politician I would be worried that, without Britain, Germany has the potential to become the greatest ATM in global history.”

They’ve figured this out for themselves…

Of the 28 current members of the EU it may surprise co-conspirators to learn that only 12 countries were net contributors. Ireland has become the the thirteenth net contributor for the first time since it joined in 1973, hitherto it has been a net beneficiary to the order of €50 billion. Expect Irish attitudes to the EU to change as that equation changes.

Even after Margaret Thatcher’s rebate, Britain was the second biggest contributor to the EU’s budget. German Finance Minister Wolfgang Schäuble had his ministry’s experts calculate what Brexit would mean for Germany’s federal budget. As a result of the European Commission’s budget contribution equation, Germany’s share of the overall economic strength of the EU would rise from today’s 21% to 25%. Thus the German taxpayers’ share of the EU budget will rise by about €4.5 billion a year in 2019/20. How do you like them apfels?




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Dominic Cummings says a second referendum would smash the party system…

“… the logical corollary will be to morph into a new party and fight the next election ‘to implement the promises we made in the referendum because the MPs have proved they can’t be trusted’. “

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Who Can Beat Corbyn? Who Can Beat Corbyn?
READ: Number 10’s Chequers Slides For MPs READ: Number 10’s Chequers Slides For MPs
Brexiteer Andrea Jenkyns Receives Extreme Abuse Brexiteer Andrea Jenkyns Receives Extreme Abuse
Undead UKIP Poll Rise Terrifies Tories Undead UKIP Poll Rise Terrifies Tories
Marr’s May Monopoly Marr’s May Monopoly
CCHQ Begs Association Chairmen CCHQ Begs Association Chairmen
Poll: Voters 2 to 1 for No Deal Poll: Voters 2 to 1 for No Deal
Tory MP Puts Letter In to Brady Tory MP Puts Letter In to Brady
Poll: May’s Deal or No Deal? Poll: May’s Deal or No Deal?