European leaders warning of economic losses if the UK leaves the European Union

UK Opinion Poll on Brexit (T.seppelt)


Some European political and business leaders are warning of the financial impact about a possible British exit (Brexit) from the European Union:

January 26, 2016

BoE’s Carney says Brexit fears could pose current account deficit risk

Bank of England Governor Mark Carney said on Tuesday that Britain’s large current account deficit remains a risk for the economy because investors might worry about the possibility of the country leaving the European Union. … The BoE has previously said it will watch carefully for signs that Britain might find it harder to cover its balance of payments shortfall due to concerns about the referendum.

January 25, 2016

A British exit from the European Union would create serious difficulties for Northern Ireland, Irish Prime Minister Enda Kenny warned on Monday.

Ireland has more to lose than other EU member if its larger neighbor, a key trading partner, votes to leave the union at a referendum due to be held by end-2017 and the Irish government has been a vocal opponent of a British exit, or “Brexit”.

Britain’s only land border with the European Union is between Northern Ireland and the Republic and Irish proponents of Britain’s EU membership have warned that an exit could damage trade to the province and inflame political tensions if it leads to more border controls.

January 25, 2016

London could not remain Europe’s financial center if Britain left the European Union at an upcoming referendum, top European politicians said on Monday, warning that reaching a free trade agreement with Britain would not be the bloc’s priority.

Painting a bleak picture for Britain outside the EU during a simulated negotiation of what would happen in the event of an “out” vote, politicians from several European countries said Britain would not be able to “cherry pick” a new deal post-exit.

“There is no such thing as a free lunch. Brexit is something which does not only affect you but affects our country,” said former German deputy finance minister Steffen Kampeter.

The cherry-picking proposal, after torturing us over months, is not acceptable.”

Kampeter said Germans would not back their government agreeing to a post-Brexit deal that gave London an advantage over Frankfurt as a financial center, while former Irish Prime Minister John Bruton said Dublin would seek to take London’s crown.

Former Italian prime minister Enrico Letta said Italy would support moving Europe’s financial center away from London if Britain left the bloc, while France’s Noelle Lenoir, a former minister of European Affairs, said the opportunity to move the EU’s financial hub to a euro zone country “could be a blessing”.

“How can you expect that after you leaving the European economy … that economy would accept that its financial center is outside its borders,” said Karel de Gucht, former European Commissioner for Trade, representing the EU institutions in the debate hosted by think tank Open Europe.

Many in the UK correctly believe that the Europeans want a united empire, with loss of national sovereignty.  Many are torn as to whether the UK should or should not remain in the European Union as the summary of polls at the beginning of this post show.

Now, some are warning the UK of financial losses should it leave the EU.

Many on the continent want a united Europe.

This is something many have wanted for decades.  But it is becoming clearer in the 21st century.

For example, in October 2002, French politician Valery Giscard d’Estaing suggested that the name of the European Community should be changed to United States of Europe. Furthermore, the European Parliament had a conference entitled “The United States of Europe – Towards a Transnational Society?” And in September 2011, ex-Chancellor Gerhard Schröder of Germany called for a ‘United States of Europe’ (see Telegraph: Former German Chancellor Demands ‘United States of Europe’, Be Afraid) and others called for a ‘United States of Europe’ in June 2012 (see TW, Guido Westerwelle, HWA, and Alan Greenspan on Europe’s Future)–and while that precise name is not necessary, it does show that the Church of God’s basic view has long been correct. The Continuing Church of God, of course, continues to warn about this emerging European Beast power. I have reported about a coming the “United States of Europe” in posts on this Church of God News page since 2007 and stated its formation was happening back in 2010 (see EU President Declares End of Nation State, Britain Skeptical).

In 2014, notice something that was reported by a secular source:

There are powerful forces in the EU pushing for a dictatorship, which is what political union would ultimately mean.

Democracy in Europe is a fragile thing, just a couple of decades old in the continent’s centre and east; only a few decades more than that in most of the rest. Only a fool with no sense of history would dismiss the possibility that authoritarianism could reassert itself, or that European soil is anything other than fertile ground for it to grow in. …

Without coming within a million miles of being explicit about it, that was what European Commission Vice President Viviane Reding was on about yesterday in Cambridge.

“There is a strong case for a true fiscal and ultimately political union. In my personal view, the eurozone should become the United States of Europe,” she said, while acknowledging Britain would not be part of it.

Political union must mean a form of dictatorship since power would be removed from the nation state — the only political construct with a meaningful demos — and placed in a no man’s land dominated by the bureaucracy. This point surfaces now and again, but is rarely internalised. It needs to be. (The EU dictatorship they want but won’t get. The Commentator, 18 February 2014. viewed 11/08/14)

Let me add that after Europe ultimately accepts a dictatorship (cf. Revelation 17:12-13), it will not be quite a United States of Europe in the American sense. But it will be a dictatorial empire.

Many in the UK suspect that Europe is moving towards a direction that they will not like.  Others feel that Europeans are too different to unite into an empire.  While the Bible acknowledges differences, it teaches a final empire/kingdom will happen:

41 Whereas you saw the feet and toes, partly of potter’s clay and partly of iron, the kingdom shall be divided; yet the strength of the iron shall be in it, just as you saw the iron mixed with ceramic clay. 42 And as the toes of the feet were partly of iron and partly of clay, so the kingdom shall be partly strong and partly fragile. 43 As you saw iron mixed with ceramic clay, they will mingle with the seed of men; but they will not adhere to one another, just as iron does not mix with clay. (Daniel 2:41-43)

How might more political unity in Europe happen?

In 1965, the late Herbert W. Armstrong wrote:

…European countries urgently want political union, the very UNITED STATES OF EUROPE I have been assuring PLAIN TRUTH readers for 31 years is definitely coming. It will unite them into a giant third World Power…

There is a definite German “Kultur! There is a French culture that is in many respects quite different. Then there is a still different Italian culture, a Spanish culture, a Scandinavian culture, a Swiss culture–and all are different! European nations speak different languages, have different aspirations, different customs, different traditions. Europe is often called a “crazy-quilt” of nations.

HOW, THEN, CAN THEY AGREE TOGETHER AND UNITE? For years The PLAIN TRUTH has said these nations are going to have to realize their inability to unite themselves politically-to choose a common political-military Leader that all can trust. They are going to finally face the fact they must look to a Supreme Authority they can all trust! That Supreme Authority cannot be a politician, or a general (De Gaulle is both). The only possible answer is a Religious Leader! (Armstrong HW. Personal. Plain Truth, November 1965, pp.1-2)

In a sermon on July 7, 1984, he added:

And I can see now, the event that is going to trigger the formation of the reunification in Europe; the resurrection of the medieval Holy Roman Empire that we’ve been looking forward to that is prophesied to come…

But I believe that some event is going to happen suddenly just like out a blue sky that is going to shock the whole world and is going to cause the nations in Europe to realize they must unite! … Well now I think I can see what may be the very event that is going to trigger…that is the economic situation in the world

The whole banking structure in the United States is a network all jointed together. But not only that, one nation has to deal with other nations and imports and exports. And so they have to have a means of transforming money from one nation to another. And so the banking structure is international and interwoven…

Now when the financial structure breaks down, all civilization is going to break down…

It will be a combination of economic, religious, military, and political factors that will lead to more European unification.

Back in 1971, the old WCG had the following in an article titled Rising World Colossus by Gene Hogberg:

Envision the startling future of Western Europe… A “United States of Europe” possessing one single currency – a currency so strong that it will replace the U.S. dollar as the kingpin currency of world trade.

Since that came out, the Europeans have came out with their own currency, and while it has not yet replaced the dollar, the time will come when the world will NOT keep the US dollar as its primary reserve currency.

But what about the UK? Notice something from the late COG Evangelist Raymond McNair back in 1971:

Bible prophecy clearly shows that Britain will not be one of the … NATIONS comprising the final United States of Europe (McNair R. A Strong United Europe. Tomorrow’s World, February 1970, p. 17).

The UK will not be a truly equal member of the European Union.  It will either vote to leave, be forced to leave, and/or be taken over by the power that will arise in Europe.

The biblical reality is that it will be worse for the UK than nearly everyone currently believes.

The relatively minor economic issues associated with the referendum will pale in comparison with the devastation that will one day hit the UK.

And, perhaps I should add, the USA, Canada, Australia, and New Zealand will also be facing devastation as well (cf. Daniel 11:39; see also Anglo – America in Prophecy & the Lost Tribes of Israel).

Some items of related interest may include:

British are the Covenant People What do ‘British’ and ‘Britain’ mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
WTO/TTIP and the Babylonian Beast Will international trade agreements like WTO/TTIP/CETA lead to the fulfillment of end time prophecies concerning the Babylonian Beast power that the Book of Revelation warns against? What does the Bible teach? A related video would be WTO Trade Deal and the Rise of the European Beast Power.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations? Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous.
Just What Do You Mean — Repentance? Do you know what repentance is? Have you truly repented? Repented of what? Herbert W. Armstrong wrote this as a booklet on this important subject.
When You Sin: Do You Really Repent? This is an article by Charles F. Hunting. A related sermon is Confess to God and truly repent.
Catholic Prophecies: Do They Mirror, Highlight, or Contradict Biblical Prophecies? People of all faiths may be surprised to see what various Roman and Orthodox Catholic prophets have been predicting as many of their predictions will be looked to in the 21st century.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. A video of possible interest may be Will Will USA Spying Help the Beast Power?.
Will the Anglo-Saxon Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
Hillary Clinton, Prophecy, and the Destruction of the United States This is a 188 page book for people truly interested in prophecies related to Hillary Clinton and the United States, including learning about many that have already been fulfilled and those that will be fulfilled in the future. It also discusses Republicans. The physical book can be purchased at Amazon from the following link: Hillary Clinton, Prophecy, and the Destruction of the United States: Is Hillary Clinton Fulfilling Biblical, Islamic Catholic, Hopi, and other America-Related Prophecies? $11.99.
Hillary Clinton, Prophecy, and the Destruction of the United States-Amazon Kindle edition. This electronic version of the 188 page print edition is available for only US$3.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Hillary Clinton, Prophecy, and the Destruction of the United States-Amazon Kindle edition.
Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about a Republican choice. This book is available to order at The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic Catholic, Kenyan, and other America-Related Prophecies? What About Republican Leaders? Second Edition for Second Obama Term.
Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition. This electronic version is available for only US$2.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition.

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