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Article: Crises Have Made EU's "Ever-Closer Union" Irrelevant
March 02, 2016
An article in The Economist argues that the promised separation of Britain from the language of "ever-closer union" in the EU treaties, negotiated by UK Prime Minister David Cameron, is increasingly irrelevant during a time when multiple crises, including the arrival of a massive number of migrants, are pulling EU countries apart.
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Opponents Criticize UK's "Project Fact" on EU Membership
March 02, 2016
Supporters of Britain's exit from the EU, including Mayor of London Boris Johnson and several government ministers, have dismissed the findings of a UK Government report, called "Project Fact," asserting that the country faces a "decade of uncertainty" if it leaves the EU as "baloney."
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UK Declines to Apply EU Bonus Cap to Smaller Lenders
March 02, 2016
Reuters reports that UK regulators have explained to the EU that they will not apply European legislation placing caps on the bonuses granted to employees to smaller lenders because these institutions pose a less significant risk to the British banking system.
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Former BoE Governor Calls for Dissolution of Eurozone
March 02, 2016
Warning that the alternative would be "economic and political crisis" throughout the EU due to the continuous obligation to subsidize poorer countries in the bloc, former Governor of the Bank of England ("BOE") Mervyn King has called for eurozone countries to call "a halt to the monetary union project."
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Article: UK Must Shackle Itself to EU Political Union
March 02, 2016
Clive Crook writes in Bloomberg View that, although the British people disagree fundamentally with political integration with the EU, the economic costs and other "short-term risks" of leaving the bloc are too great to be overcome by the long-term prospects of a "loveless marriage" between the UK and the EU.
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