Visit ArabTopics.com

Here’s what ‘Frexit’ might look like

frezit

Both candidates in the French Presidential election have been throwing around the term ‘Frexit’, a possible French withdrawal from the EU which France founded as the then European Economic Community or Common Market in 1957.

Marine Le Pen and Emmanuel Macron both approach the idea of Frexit from entirely different perspectives. Le Pen is France’s most prominent Eurosceptic politician who openly seeks to create a Europe that will be a partnership between ‘sovereign states’. Macron, the acrh-opportunist has now warned that Frexit could happen if the EU doesn’t engage in serious reforms.

READ MORE: 5 things that may cost Macron votes and none of them have to do with Russia

Both politicians ought to understand that radical EU reforms and a formal Frexit would ultimately mean the same thing.

Unlike Britain which has always been something of a peripheral member of the EU, France along with Germany forms the EU’s core. France was there from the beginning and prior to Germany re-unification in 1989, France was not only the largest but most politically influential country in the union.

Unlike with Britain, a French exit from the EU would automatically change the very nature, purpose and future of the EU. This means that unlike with Brexit where both sides are acting as though they don’t need each other, in respect of Frexit, such things could simply not happen.

READ MORE: Theresa May “in another galaxy” on Brexit

In this sense, French Euroscepticism is far more meaningful than British Euroscepticism. In reality, Macron will not be the candidate to approach anything remotely resembling Frexit. The candidate who is literally a former Rothschild banker does not actually want to reform the EU beyond certain measures to make it even more finance capitalist friendly than it all ready is. With Macron, the only thing he’d change would be offering more of the same.

Le Pen is totally different in this respect. Contrary to certain innuendo, Le Pen would not call for a Frexit referendum the moment she hypothetically takes office nor at any time close to that.

What would happen would be a kind of collective gasp from Brussels followed by intense backdoor diplomatic communications whereby the Brussels elite would have to mend fences with Marine Le Pen who for years they publicly derided.

Shortly thereafter, both sides would essentially be forced to have an open debate, one which because of France’s integral position in the EU, would likely be more honest and less bravado driven than the current shambolic and childish Brexit discussions.

It is very unlikely, even by the end of the first term of a Le Pen Presidency, that the EU would cease to exist. What is more likely is that a new compromise EU treaty could be on the table, one which rolls back some of the increased political and economic streamlining of the colossal Lisbon Treaty of 2007.

A new treaty would likely keep key provisions of the modern EU including free trade, Schengen, the Social Chapter and of course The Euro.

There could be, though even this is a stretch, be some mechanism put in place for countries to amicably leave the Eurozone whilst remaining in the EU. A lot of this depends on how serious Marine Le Pen is about France ditching the Euro and it also depends a great deal on Le Pen being able to work with generally anti-Euro left wing politicians in countries like Greece and Cyprus who have suffered the most because of the single currency.

In short, Macron’s talk on Frexit will likely amount to nothing. Le Pen’s could amount to a great deal, but not necessarily as much or as quickly as many pretend that it would.

The post Here’s what ‘Frexit’ might look like appeared first on The Duran.

Source: 
The Duran

Dear friends of this aggregator

  • Yes, I intentionally removed Newsbud from the aggregator on Mar 22.
  • Newsbud did not block the aggregator, although their editor blocked me on twitter after a comment I made to her
  • As far as I know, the only site that blocks this aggregator is Global Research. I have no idea why!!
  • Please stop recommending Newsbud and Global Research to be added to the aggregator.

Support this site

News Sources

Source Items
The high wire 13
Tareq Haddad 10
Please Stop the Ride 36
The Infectious Myth 27
Lockdown Skeptics 132
Sam Husseini 37
Dr. Andrew Kaufman 3
Swiss Propaganda Research 82
Off Guardian 285
Cory Morningstar 10
James Bovard 97
WWI Hidden History 51
Grayzone Project 510
Pass Blue 454
Dilyana Gaytandzhieva 19
John Pilger 429
The Real News 367
Scrutinised Minds 29
Need To Know News 3721
FEE 5628
Marine Le Pen 437
Francois Asselineau 25
Opassande 54
HAX on 5July 220
Henrik Alexandersson 1333
Mohamed Omar 404
Professors Blog 10
Arg Blatte Talar 40
Angry Foreigner 19
Fritte Fritzson 12
Teologiska rummet 36
Filosofiska rummet 156
Vetenskapsradion Historia 204
Snedtänkt (Kalle Lind) 276
Les Crises 4302
Richard Falk 240
Ian Sinclair 145
SpinWatch 71
Counter Currents 13671
Kafila 743
Gail Malone 45
Transnational Foundation 221
Rick Falkvinge 95
The Duran 12512
Vanessa Beeley 246
Nina Kouprianova 9
MintPress 6347
Paul Craig Roberts 2909
News Junkie Post 77
Nomi Prins 27
Kurt Nimmo 191
Strategic Culture 6705
Sir Ken Robinson 88
Stephan Kinsella 133
Liberty Blitzkrieg 889
Sami Bedouin 65
Consortium News 2685
21 Century Wire 4427
Burning Blogger 324
Stephen Gowans 107
David D. Friedman 198
Anarchist Standard 16
The BRICS Post 1549
Tom Dispatch 677
Levant Report 18
The Saker 5478
The Barnes Review 623
John Friend 563
Psyche Truth 160
Jonathan Cook 173
New Eastern Outlook 5240
School Sucks Project 1852
Giza Death Star 2296
Andrew Gavin Marshall 28
Red Ice Radio 717
GMWatch 2700
Robert Faurisson 150
Espionage History Archive 35
Jay's Analysis 1246
Le 4ème singe 92
Jacob Cohen 227
Agora Vox 20843
Cercle Des Volontaires 462
Panamza 2712
Fairewinds 124
Project Censored 1287
Spy Culture 786
Conspiracy Archive 85
Crystal Clark 27
Timothy Kelly 681
PINAC 1482
The Conscious Resistance 1166
Independent Science News 97
The Anti Media 6895
Positive News 820
Brandon Martinez 30
Steven Chovanec 63
Lionel 320
The Mind renewed 468
Natural Society 2627
Yanis Varoufakis 1193
Tragedy & Hope 122
Dr. Tim Ball 114
Web of Debt 172
Porkins Policy Review 465
Conspiracy Watch 174
Eva Bartlett 650
Libyan War Truth 385
DeadLine Live 1920
Kevin Ryan 69
BSNEWS 2149
Aaron Franz 287
Traces of Reality 166
Revelations Radio News 128
Dr. Bruce Levine 164
Peter B Collins 1889
Faux Capitalism 205
Dissident Voice 12541
Climate Audit 228
Donna Laframboise 540
Judith Curry 1214
Geneva Business Insider 40
Media Monarchy 2879
Syria Report 84
Human Rights Investigation 94
Intifada (Voice of Palestine) 1685
Down With Tyranny 14331
Laura Wells Solutions 53
Video Rebel's Blog 505
Revisionist Review 485
Aletho News 23906
ضد العولمة 27
Penny for your thoughts 3534
Northerntruthseeker 3266
كساريات 37
Color Revolutions and Geopolitics 27
Stop Nato 4994
AntiWar.com Blog 3581
AntiWar.com Original Content 7969
Corbett Report 2790
Stop Imperialism 491
Land Destroyer 1379
Webster Tarpley Website 1177

Compiled Feeds

Public Lists

Title Visibility
Funny Public