EU welcomes May's 'Hitchcock' twist; still expects Brexit

The EU Commission economic back is up against a wall. Ever heard of the regulatory framework for common provisions on the European Regional Development Fund?... Sounds rather innocuous, given a number 1303/2013. But it presents huge dealing breaking potential.

It is also presents the financial glue behind the highly contested framework for legal budget liabilities, and funding commitment for every conceivable European structural investment culpability. The commission and net contributors know this. There is not means of escape from the fact that the monetary and fiscal black hole will become unpluggable on UK withdrawal.

For years EU parliament, commission and institutions have been presenting the deficits as 2% of combined member states GDP collectively masking the true nature of the conundrum. All 28 so includes the UK too will be faced with the inevitable economic and political consequences for failure to make contingency planning for the scenario of any member state wanting to through in the towel.

The EU, and all 27 member states will collectively move heaven and earth to prevent UK from leaving. When a push comes to a shove they will offer another form of membership, it will be dress in the finest political Haute Couture, so all and sundry can rest easy at night But ultimately present a mirage, an illusion that will grown into a huge economic quandary waiting for future generations to solve.

Laying down common provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund, the European Agricultural Fund for Rural Development and the European Maritime and Fisheries Fund and laying down general provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund and the European Maritime and Fisheries Fund and repealing Council Regulation

http://eur-lex.europa.eu/legal-content/en/TXT/?uri=CELEX%3A32013R1303

I am not totally convinced it is a done deal. I agree that the UK has voted to leave the EU on the 23rd June last.

After forty odd years of regulatory integration and some unfortunate, for want of a more apt description, economic circumstances. The foundations EMU is being supported on are wafer thin. There is no escape from the consequences, no pulling up the drawbridge in ignorant contempt.

It could all come down to political expediency, and presentation. Betrayal can be overcome if transparent and convincing membership criteria can seen to be beneficial to all. The conclusion must be arrived at through natural methodology.

I did support leave. I believe and am still convinced that the EU needs reform, plus more thought given to political union. What I have been viewing in detail is part of the the EU commissions negotiating position, nothing which requires non disclosure agreements. It is alarming how EU budgets have slide out of control and have been allowed to threaten the stability of monetary union that will effect the entire block.

I believe this will become increasingly apparent as the exit process begins.