Global economy will suffer 'a shock' if Britain leaves EU, G20 warns

12:35PM GMT 27 Feb 2016

The global economy will suffer “a shock” if Britain votes to leave the European Union, the world’s 20 leading nations have warned.

In a joint statement, finance ministers from the G20 group of major economies unanimously agreed that the risk of “Brexit” posed dangers for international stability.

George Osborne, who is attending the meeting of central bankers and ministers in China, said the danger of a Leave vote on June 23 would represent one of the gravest threats of 2016.

In what will be seen as a coded attack on Boris Johnson, who is campaigning to leave, he added that the leaving the EU would not be “some amusing adventure” but a serious threat to Britain and the world.

Speaking in Shanghai, the Chancellor said: “Here at the G20, finance leaders and central bank governors of the world's biggest economies have raised serious concerns about the risks posed by a UK exit from the EU.

"They have concluded unanimously today that what they call the shock of a potential UK vote to leave is among the biggest economic dangers this year. If that's their assessment of the impact on the world economy, imagine what it would do to the UK.

"This isn't some amusing adventure into the unknown. A British exit would hurt people's jobs, livelihoods and living standards - it's deadly serious," he said.

"It's my responsibility as Chancellor to make it clear to people what the economic risks are - and that we are stronger, safer and better off remaining in a reformed EU."

Reports from Shanghai suggested that Mr Osborne’s team were instrumental in ensuring that Brexit was included in the final summit communique.

The Italian Finance Minister, Pier Carlo Padoan, said that a decision by Britain to leave the EU would have negative global consequences.

"We would classify a UK exit from the EU as a powerful geopolitical shock, a negative shock," he said.


Okay, the UK's leaving the EU would be a shock to the global economy.  Now, that would be the UK's problem - why?

Britain has no obligation to anyone except doing what's best for THEIR people, just as the only obligation we have is to OUR people.  Quite frankly, everyone else is on their own.

These G20 nations are only concerned for themselves. If Britain does leave the EU in June, they are worried about how it will effect their own economies.  


It's a nation's sacred and moral duty to put their own people before the needs of outsiders.  I firmly believe that if all nations did that, overall, the world would be a much better place.

As Cain asked God, "Am I my brother's keeper?"

Yes we are.  But my brothers and sisters are all Aryan. Everyone else is on their own.  If and when ALL of our people are properly taken care of, plus something set aside for emergencies, THEN we can talk about helping outsiders.

I am reminded of two well-known sayings:

Charity begins at home.
Put thy own house in order.

Words to live by.

Dan 88!