Everyone Hates Europe Nowadays
Skerdian Meta • 1 min read
I don´t know about you, but over the last few years I have seen a growing dislike towards the EU from all sides. Of course Russia will be an eternal foe as long as Putin is alive since we´re on each other's doorstep and Putin doesn't like to have other power centers around.
Britain has always been against the EU, even from the inside. They´ve always moaned how the union is not politically represented and needs more cooperation, but when Europeans push for any little integration, Britain is always the first to oppose it strongly.
Everything has gone mental with Brexit as some believe it was the EU who has kept Britain "poor". In fact, a lot of EU´s legislation has been compiled by Brits.
Then Trump came along. He doesn´t seem to like the idea of having another economic power around; not the EU and not China.
Obviously, there will always be Eurosceptics from the inside. Le Penn of the French right wing, who is the Farage of France, has advanced further by 2% in the polls today for the first round. However, she remains well behind for the decisive second round.
As forex traders, we must always keep an eye on these events because they will strongly affect the Euro this year. If the EU can survive this and there´s no economic shocks this year, then I'll view the Euro a lot higher by the end of the year.
The Germans sure want it higher so they have a safety pin for the hyper inflation they forever fear. That´s exactly what Schaeuble said a while ago; so there you go.