Friday, 5 May 2017

The financial mathematics of the EU states that Britain must bear part of the bloc’s liabilities without have any portion in the assets

EU Brexit mathematics

BREXIT: It is indeed with a strong shock the British people received the news from Brussels saying that Britain has not right to share any of the assets the country contributed hugely as a member for decades. Yet EU leaders are forcing huge financial liabilities on the British people.

The questions being asked now is, how can one party be forced to pay for such a huge financial liability without have its own fair share of the assets that it helped to build to date? The UK being a major net contributor for several years, since the inception of the bloc.

So if the EU leaders is claiming that all the assets which includes buildings, loans, wine and fine art, is are owned exclusively by Brussels and not the member states, one can boldly conclude also that, all the financial liabilities should also be borne by Brussels, as you cannot have an asset without liabilities.

Theresa May’s government in trying to balance the equation, has suggested that let the UK’s share of the assets be matched against the liabilities, so that if there is any left after that, the country can then pay it up. Therefore, looking at it from a business perspective, one can conclude that, such an idea is ideal for both parties.

However, UKIP leader Paul Nuttal has claimed that, it is the EU is indeed indebted to the UK for all the huge financial contributions Britain had made to the bloc for decades.

Speaking with express.co.uk, he stressed that: “The appalling cheek of these people is absolutely breath-taking. You could hardly make it up.

“They spout similar ideas to Corporatist spin doctors, ie that  a company's profits are private but its losses are public.

“Of course the UK has a call on the assets. The UK taxpayer paid for the buildings, the financial resources etc and in negotiations we have a duty to demand them back from the money –grabbing EU.

“And by the way, if they claim that their assets belong solely to the EU, so too must their liabilities."

A senior EU official authorised to speak about the Brexit bill said that because the bloc is a “legal personality” in its own right member states have given up all claim to its assets even though they paid for them.

The Commission bigwig, who is a top figure in Michel Barnier's negotiating team, stated: "Member states do not have any right to those assets, there’s no shareholding in the EU.

“All of the EU’s assets belong to the EU and that includes buildings and other assets both tangible and intangible, financial and non financial, drinkable and non drinkable."

Britain being a net contributor of about £10bn per annum to the bloc’s budget, is being treated as nobody by EU leaders all in an effort to frustrate and deny the public their democratic mandate.

The EU currently owns a stunning £36 billion in property and cash including its £300 million ‘space egg’ Europa building, which is the new home of the European Council.

Britain has also made considerable contributions to the European Investment Bank, which lends money to EU states, and which has an astonishing £56 billion in capital.

Finally there is the bloc’s world famous wine cellar, which contains 42,500 bottles of premium plonk, and its burgeoning modern art collection, now valued at around £15 million.


In total it has been calculated that Britain, which contributes around 12 per cent of the bloc’s total budget, could lay claim to a staggering £58bn of the EU’s total assets.

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