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Brexit paying off
The Italian newspaper La Repubblica points out that Brexit seems to be a profitable trade, at least for Nigel Farage. The leader of the newly established Brexit Party that won the last European elections in the United Kingdom admitted to earning around £27,000 a month, only for his media appearances where he tends to use his speaking time to attack the EU. Aside from this reliable income coming from TV channels such as Fox News and Russia Today, Farage also currently earns several thousands a month as a Member of the European Parliament. Last but not least, he can count on the generous financial support from Arron Banks. The sponsor of the leave campaign was recently discovered to have funded Farage with millions of pounds, including a luxurious apartment in Chelsea.
Read the article in Italian: La Brexit paga: Farage guadagna 27mila sterline al mese per attaccare l'Europa
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The Dutch newspaper De Telegraaf writes about the upcoming last debate of the two candidates to succeed Theresa May as prime minister. The debate takes place on Monday evening, the day before the results of the internal party election are to be announced. The leading leave campaigner Boris Johnson and the Minister of Foreign Affairs Jeremy Hunt will face each other in London at 8 pm Central European Time. The two men are avid for the support of the approximately 160,000 members of Conservative party. Party members are deciding this month who will succeed May as leader of the Conservative Party and become Prime Minister of the United Kingdom. Monday's debate should last 90 minutes and can be followed via the website of the British newspaper The Sun and the radio station Talk Radio.
Read the article in Dutch: Kandidaten opvolging May weer in debat
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Patience is a virtue
Following the hearing of the Greens/EFA Group in the European Parliament with Ursula von der Leyen last week, the Spanish newspaper El Mundo quotes the President-elect of the European Commission, who told MEPs that "if the UK needs more time, (...) it's the right way to go." The German conservative politician hereby opened the door to a potential further extension of Brexit, if the UK needed it to ratify the divorce settlement. However, she also said she had no intentions of renegotiating the Withdrawal Agreement that was concluded in November between the Commission, which negotiated on behalf of the EU, and Theresa May. Von der Leyen said she believes that the EU and the UK have found a good agreement, that also presents a safeguard avoiding the creation of a physical border between Ireland and Northern Ireland.
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The Austrian newspaper Die Presse writes how the fear of a disorderly exit for the UK from the EU is spreading and has become an imminent threat, currently expressing itself through the fact that more and more investors in currency markets are responding with caution, even more so over the past two days. While on Tuesday the exchange rate against the dollar had already fallen to its lowest level since April 2017, on Wednesday, it dropped further by 0.2 percent to 1.2380 dollars per pound. This brings the losses for this month to almost 2.4 percent. Against the euro, the pound slipped to its lowest level since January 2019 and reached 1.1048 euros per pound on Wednesday. Overall, a no-deal Brexit has become increasingly likely from the point of view of the financial markets.
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