Fundamental Analysis

Europe ‘can’t go on like before’, says French right’s Juppe

 

French presidential hopeful Alain Juppe, seeking to win his centre-right Les Republicains party’s nomination in primaries in November, attends a political rally in Paris, France, May 10, 2016. REUTERS/Charles Platiau

The European Union needs to change fundamentally now that British voters have decided to leave, according to Alain Juppe, a former French prime minister from the center-right and a front-runner in opinion polls ahead of the 2017 presidential election.

“We can’t go on like before,” Juppe said on Europe 1 radio. “We need to write a new chapter for Europe.”

Juppe called the British referendum vote to leave the EU “an historic shock for Great Britain,” adding that the EU needed urgently to show it could control immigration along its borders and relaunch growth to keep the confidence voters among its other members.

“I think it would be the biggest error to let people believe that as 27 (remaining countries) we can continue as before… We need a new page, a new chapter in the history of Europe because the messages are coming from everywhere, not just Great Britain,” he said.

“There’s an understandable disaffection with Europe. It seems like an incomprehensible bureaucratic machine incapable of getting growth and jobs going, incapable of controlling its borders.”

 

Source: Reuters

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.

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