{"id":54946,"date":"2016-06-30T16:00:40","date_gmt":"2016-06-30T16:00:40","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/aep-was_brexit_fear_a_giant_hoax_or_is_this_the_calm_before_the_next_storm\/"},"modified":"2016-06-30T16:00:40","modified_gmt":"2016-06-30T16:00:40","slug":"aep-was_brexit_fear_a_giant_hoax_or_is_this_the_calm_before_the_next_storm","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=54946","title":{"rendered":"Ambrose Evans-Pritchard&#8211;Was Brexit fear a giant hoax or is this the calm before the next storm?"},"content":{"rendered":"<p>What we have learnt from the market moves since Brexit is that Europe is just as vulnerable as Britain. The vote has already triggered a banking crisis in Italy, where the government is struggling to put together a \u00e2\u201a\u00ac40bn (\u00c2\u00a333bn) rescue but is paralysed by the constraints of euro membership.<\/p>\n<p>The eurozone authorities never sorted out the structural failings of EMU. There is still no fiscal union or banking union worth the name. The North-South chasm remains, worsened by a deflationary bias. The pathologies fester.<\/p>\n<p><a href=\"http:\/\/www.telegraph.co.uk\/business\/2016\/06\/29\/was-brexit-fear-a-giant-hoax-or-is-this-the-calm-before-the-next\">Read it all<\/a>.<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What we have learnt from the market moves since Brexit is that Europe is just as vulnerable as Britain. The vote has already triggered a banking crisis in Italy, where the government is struggling to put together a \u00e2\u201a\u00ac40bn (\u00c2\u00a333bn)<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=54946\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,149,199,168,591,200,590,144,151,585,34],"tags":[],"class_list":["post-54946","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-economy","category-england-uk","category-ethics-moral-theology","category-euro","category-europe","category-european-central-bank","category-foreign-relations","category-politics-in-general","category-the-banking-systemsector","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/54946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54946"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/54946\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}