TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    BJP's Workshop to Strengthen Ideological, Organisational, and Parliamentary Effectiveness

    BJP to Hold ‘Abhyas Varg’ in Delhi for MP’s to Strengthen Ideological, Organisational, and Parliamentary Effectiveness

    SC Dog Verdict: Rahul, Chidambaram at Odds; Congress Scion targeted over Meat Eating, Foreign Breeds on Social Media

    SC Dog Verdict: Rahul, Chidambaram at Odds; Congress Scion targeted over Meat Eating, Pidi’s Foreign Breed on Social Media

    Once Terrorist Hotbed, J&K's Baramullah, Tral Swell with Patriotic Fervour as Youth Join Har Ghar Tiranga Yatra

    Once Terrorist Hotbed, J&K’s Baramullah, Tral Swell with Patriotic Fervour as Youth Join Har Ghar Tiranga Yatra

    BJP Leader Savio Rodrigues Claims Trump, Deep State Plotting PM Modi's Ouster

    BJP Leader Savio Rodrigues Claims Trump, Deep State Plotting PM Modi’s Ouster

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Relief for Troops: Jawans to Get New-Gen Border Posts for Sub-Zero Conditions Along India-China LAC

    Relief for Troops: Jawans to Get New-Gen Border Posts for Sub-Zero Conditions Along India-China LAC

    India Set to Roll Out First Made-in-India Chip as Semiconductor Mission Gains Momentum

    India Set to Roll Out First Made-in-India Chip as Semiconductor Mission Gains Momentum

    India Becomes Top Smartphone Supplier to US, Electronics Manufacturing Hits Rs 12 Lakh Cr, Despite Tariff Tussle

    India Becomes Top Smartphone Supplier to US, Electronics Manufacturing Hits Rs 12 Lakh Cr, Despite Tariff Tussle

    China Expert Urges India to Reconsider its Strategic Distance From China, Warns of America’s containment playbook

    China Expert Urges India to Reconsider its Strategic Distance From China, Warns of America’s containment playbook

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Lashkar-e-Taiba

    Pakistani National with Lashkar-e-Taiba Links Arrested in Seoul, First for South Korean Authorities

    IAF Unveils Never-Before-Seen Footage of Operation Sindoor Airstrikes in Pakistan

    IAF Unveils Never-Before-Seen Footage of Operation Sindoor Airstrikes in Pakistan

    Relief for Troops: Jawans to Get New-Gen Border Posts for Sub-Zero Conditions Along India-China LAC

    Relief for Troops: Jawans to Get New-Gen Border Posts for Sub-Zero Conditions Along India-China LAC

    Operation Sindoor was akin to playing a game of chess: Army Chief Upendra Dwivedi

    ‘Next War May Happen Soon’: Army Chief General Upendra Dwivedi Calls for Preparedness

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Trump’s Pakistan Oil Deal and US Terror Tag on Baloch Rebels: Is Balochistan the Next Resource War Zone?

    Trump’s Pakistan Oil Deal and US Terror Tag on Baloch Rebels: Is Balochistan the Next Resource War Zone?

    Lashkar-e-Taiba

    Pakistani National with Lashkar-e-Taiba Links Arrested in Seoul, First for South Korean Authorities

    Ukrainian President Volodymyr Zelensky held a telephonic conversation with Indian Prime Minister Narendra Modi on Monday

    PM Modi Holds Key Talks With Ukrainian President Zelensky Amidst Trump’s Threat to India Over Buying Russian Oil

    Asim Munir’s Alarming Nuclear Sabre-Rattling in America

    Suit-Wearing Bin Laden: Ex-Pentagon Official Rips Into Pakistan Army Chief Asim Munir’s Nuclear Threat

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Nationwide ‘Har Ghar Tiranga’ Campaign to Feature MP Bike Rally and Cultural Events Ahead of Independence Day

    Nationwide ‘Har Ghar Tiranga’ Campaign to Feature MP Bike Rally, Cultural Events Ahead of Independence Day

    MK Stalin Unveils Tamil Nadu’s Education Policy, Rejects NEP, Three-Language Formula

    MK Stalin Unveils Tamil Nadu’s Education Policy, Rejects NEP, Three-Language Formula

    India and Sri Lanka—Bound by Devotion, Building for the Future

    India-Sri Lanka Spiritual Partnership Deepens with Inauguration of Ashok Vatika Meditation Centre at Seetha Amman Temple

    Chola Legacy, Modi’s Message: Restoring Dharma in Tamil Political Discourse

    Rajendra Chola to PM Modi: Reclaiming Tamil Nadu’s Forgotten Hindu Civilizational Heritage

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    News 18: The Bigger Problem With Clickbait Culture

    Bigg Boss 19 Controversy: News18 Faces Backlash Over Clickbait Article on Pahalgam Terror Attack Widow Himanshi Narwal

    How a PNG Resizer Helps Optimize Images for Amazon, eBay, and Shopify Listings

    How a PNG Resizer Helps Optimize Images for Amazon, eBay, and Shopify Listings

    Punjabi Music’s Vulgar Beat: Honey Singh, Karan Aujla Summoned Over Misogynistic Lyrics

    Punjabi Music’s Vulgar Beat: Honey Singh, Karan Aujla Summoned Over Misogynistic Lyrics

    A Full Guide to Live Betting on 12Bet for Beginners

    A Full Guide to Live Betting on 12Bet for Beginners

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    BJP's Workshop to Strengthen Ideological, Organisational, and Parliamentary Effectiveness

    BJP to Hold ‘Abhyas Varg’ in Delhi for MP’s to Strengthen Ideological, Organisational, and Parliamentary Effectiveness

    SC Dog Verdict: Rahul, Chidambaram at Odds; Congress Scion targeted over Meat Eating, Foreign Breeds on Social Media

    SC Dog Verdict: Rahul, Chidambaram at Odds; Congress Scion targeted over Meat Eating, Pidi’s Foreign Breed on Social Media

    Once Terrorist Hotbed, J&K's Baramullah, Tral Swell with Patriotic Fervour as Youth Join Har Ghar Tiranga Yatra

    Once Terrorist Hotbed, J&K’s Baramullah, Tral Swell with Patriotic Fervour as Youth Join Har Ghar Tiranga Yatra

    BJP Leader Savio Rodrigues Claims Trump, Deep State Plotting PM Modi's Ouster

    BJP Leader Savio Rodrigues Claims Trump, Deep State Plotting PM Modi’s Ouster

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Relief for Troops: Jawans to Get New-Gen Border Posts for Sub-Zero Conditions Along India-China LAC

    Relief for Troops: Jawans to Get New-Gen Border Posts for Sub-Zero Conditions Along India-China LAC

    India Set to Roll Out First Made-in-India Chip as Semiconductor Mission Gains Momentum

    India Set to Roll Out First Made-in-India Chip as Semiconductor Mission Gains Momentum

    India Becomes Top Smartphone Supplier to US, Electronics Manufacturing Hits Rs 12 Lakh Cr, Despite Tariff Tussle

    India Becomes Top Smartphone Supplier to US, Electronics Manufacturing Hits Rs 12 Lakh Cr, Despite Tariff Tussle

    China Expert Urges India to Reconsider its Strategic Distance From China, Warns of America’s containment playbook

    China Expert Urges India to Reconsider its Strategic Distance From China, Warns of America’s containment playbook

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Lashkar-e-Taiba

    Pakistani National with Lashkar-e-Taiba Links Arrested in Seoul, First for South Korean Authorities

    IAF Unveils Never-Before-Seen Footage of Operation Sindoor Airstrikes in Pakistan

    IAF Unveils Never-Before-Seen Footage of Operation Sindoor Airstrikes in Pakistan

    Relief for Troops: Jawans to Get New-Gen Border Posts for Sub-Zero Conditions Along India-China LAC

    Relief for Troops: Jawans to Get New-Gen Border Posts for Sub-Zero Conditions Along India-China LAC

    Operation Sindoor was akin to playing a game of chess: Army Chief Upendra Dwivedi

    ‘Next War May Happen Soon’: Army Chief General Upendra Dwivedi Calls for Preparedness

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Trump’s Pakistan Oil Deal and US Terror Tag on Baloch Rebels: Is Balochistan the Next Resource War Zone?

    Trump’s Pakistan Oil Deal and US Terror Tag on Baloch Rebels: Is Balochistan the Next Resource War Zone?

    Lashkar-e-Taiba

    Pakistani National with Lashkar-e-Taiba Links Arrested in Seoul, First for South Korean Authorities

    Ukrainian President Volodymyr Zelensky held a telephonic conversation with Indian Prime Minister Narendra Modi on Monday

    PM Modi Holds Key Talks With Ukrainian President Zelensky Amidst Trump’s Threat to India Over Buying Russian Oil

    Asim Munir’s Alarming Nuclear Sabre-Rattling in America

    Suit-Wearing Bin Laden: Ex-Pentagon Official Rips Into Pakistan Army Chief Asim Munir’s Nuclear Threat

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Nationwide ‘Har Ghar Tiranga’ Campaign to Feature MP Bike Rally and Cultural Events Ahead of Independence Day

    Nationwide ‘Har Ghar Tiranga’ Campaign to Feature MP Bike Rally, Cultural Events Ahead of Independence Day

    MK Stalin Unveils Tamil Nadu’s Education Policy, Rejects NEP, Three-Language Formula

    MK Stalin Unveils Tamil Nadu’s Education Policy, Rejects NEP, Three-Language Formula

    India and Sri Lanka—Bound by Devotion, Building for the Future

    India-Sri Lanka Spiritual Partnership Deepens with Inauguration of Ashok Vatika Meditation Centre at Seetha Amman Temple

    Chola Legacy, Modi’s Message: Restoring Dharma in Tamil Political Discourse

    Rajendra Chola to PM Modi: Reclaiming Tamil Nadu’s Forgotten Hindu Civilizational Heritage

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    News 18: The Bigger Problem With Clickbait Culture

    Bigg Boss 19 Controversy: News18 Faces Backlash Over Clickbait Article on Pahalgam Terror Attack Widow Himanshi Narwal

    How a PNG Resizer Helps Optimize Images for Amazon, eBay, and Shopify Listings

    How a PNG Resizer Helps Optimize Images for Amazon, eBay, and Shopify Listings

    Punjabi Music’s Vulgar Beat: Honey Singh, Karan Aujla Summoned Over Misogynistic Lyrics

    Punjabi Music’s Vulgar Beat: Honey Singh, Karan Aujla Summoned Over Misogynistic Lyrics

    A Full Guide to Live Betting on 12Bet for Beginners

    A Full Guide to Live Betting on 12Bet for Beginners

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

‘If you can’t beat them, bury them,’ After being beaten by UK in trade deals, EU tries to bury it under a £160 billion debt pile

Iain Duncan Smith said, "Buried in the fine print, unnoticed by many, is the fact we remain hooked into the EU’s loan book."

Akshay Narang by Akshay Narang
4 August 2020
in Europe
European Union, Boris Johnson, UK, European Union, United Kingdom, EU, Angela MErkel, Brexit
Share on FacebookShare on X

The United Kingdom has caused irreparable harm to the European Union- first, with the Brexit and then by beating the EU in terms of trade deals. A vindictive EU is now trying to ramshackle the UK by burdening it under a humongous 160 billion pound debt mountain.

The European Investment Bank and the European Financial Stability Mechanism has doled out hundreds of billions in loans, some of them financing “investment projects” in the fragile economies of the 27 EU members. London’s share of liability stands around 12 per cent.

RelatedPosts

Canadian Men Hurl Racial Slurs At Indian Couple in Ontario, Video Sparks Outrage

UK Regulator Rules Gurudwara Allowed to Display Khalistani Plague: Is this Pandering to Separatist Elements?

Pakistan Cricketer Haider Ali Arrested in UK For Rape

Load More

Experts believe that the United Kingdom’s share of liability could come out to be around 160 billion pounds of unpaid loans, as opposed to the 39 billion Pounds “divorce” settlement between the UK and the EU.

Moreover, it is feared that the COVID-19 Pandemic and its aftershocks could push the UK’s liability even further as economies are slipping into recession and governments are getting cash-strapped.

With the EU drawing a loan bill- four times the size of the “divorce” agreement, Senior Tories have urged Prime Minister Boris Johnson to reopen the Withdrawal Agreement and remove London’s liability. Senior Tories want a “clean break” from the Brussels-based intergovernmental bloc by December 31 when the transition period ends.

Former Tory leader and leading Brexit supporter, Iain Duncan Smith told The Sun, “We would basically be boot-strapped to Europe for the foreseeable future.” He added, “If people thought we were only paying £39billion they can forget it. We’ve got a potential bill of £160billion and Covid could raise that massively.” He added,  “This would lock us into the EU’s debt mountain.”

EU’s latest bid to bury the UK under a debt pile comes on the heels of the UK beating the EU in a race for trade deals. Recently, India and the United Kingdom worked out an ‘Enhanced Trade Partnership’ as a precursor to the larger Free Trade Agreement (FTA) between the two countries.

Iain Duncan Smith, a UK MP, took to twitter to say, “whilst the UK wants to have a good trade relationship with the EU as a sovereign state, the EU has different ideas. They want our money and they want to stop us being a competitor. The Withdrawal Agreement (WA) we signed last year sadly helps them.”

Whilst the UK wants to have a good trade relationship with the EU as a sovereign state, the EU has different ideas. They want our money and they want to stop us being a competitor. The Withdrawal Agreement (WA) we signed last year sadly helps them. (1/3)

— Iain Duncan Smith MP (@MPIainDS) August 3, 2020

India’s progress on a free trade deal with the UK means that the India-EU free trade talks have been given a cold shoulder. India has developed cold feet towards Brussels after the latter irked New Delhi with innate resolutions on issues like Article 370 abrogation and the Citizenship Amendment Act (CAA).

Other countries like the US, Canada, Japan, Australia and New Zealand with whom the UK shares longstanding cultural, political and business ties, much like the Indo-UK relations, are also inclined to sign Free Trade Agreements (FTAs) with the UK at the expense of the EU.

German Chancellor Angela Merkel has antagonised the US with her pro-China stance and therefore an EU-US free trade deal also looks unlikely. Moreover, the sluggish economic growth and lethargic bureaucracy of the Brussels-based supranational organisation makes it an unattractive destination.

The United Kingdom was about to beat the EU ruthlessly in the free trade agreements race. Therefore, the EU weaponized the Withdrawal Agreement (WA) finalised between the EU and the UK last year.

Iain Duncan Smith said, “To avoid their own budget black hole, the EU gets £39billion as a “divorce payment” from us, reflecting our share of the current EU budget. But it gets worse. Buried in the fine print, unnoticed by many, is the fact we remain hooked into the EU’s loan book.

The UK has come to realise that the devil lies in the details insofar the Withdrawal Agreement is concerned. The EU is using the WA to tie Britain with loans for several decades to come and defeat the very purposes of Brexit- avoiding control from Brussels and becoming truly sovereign from the intergovernmental bloc.

What the EU is doing with the UK is setting an example by imposing exemplary costs. The European Union understands that it is a divided bloc. Countries like Italy are fed up with the EU, especially at a time when Germany has blocked the issuance of Corona bonds to rescue the COVID-ravaged economies. Moreover, Angela Merkel’s pro-China stance has marginalised countries like Sweden and Estonia that are handling nasty diplomatic spats with China.

With shocking debt trouble mounted on the UK, the message from Brussels is loud and clear- if you leave the EU, you will be given a painful ordeal and burdened under the weight of debt piles.

Tags: Angela MerkelBoris JohnsonBREXITEUEuropean UnionUKUnited Kingdom
Share49TweetSend
Previous Post

Countering China in its backyard: India’s soft diplomacy with North Korea will have a far-reaching impact

Next Post

Dear Nitish Kumar, Bihar Police is being humiliated in another state and you have nothing to say about it?

Related Posts

Indian-Origin Man Alleges “Unprovoked” Racist Attack in Dublin, Says Violence Against Minorities Rising in Ireland
Crime

Indian-Origin Man Alleges “Unprovoked” Racist Attack in Dublin, Says Violence Against Minorities Rising in Ireland

31 July 2025

In what appears to be the third racially motivated attack in Ireland within a month, an Indian-origin entrepreneur has...

Russia’s Plan to Hire 1 Million Indian Workers in 2025: What It Means
Europe

Russia’s Plan to Hire 1 Million Indian Workers in 2025: What It Means

10 July 2025

Russia has announced plans to recruit up to 1 million Indian workers by the end of 2025. The goal?...

Elon Musk, J.K. Rowling, Liz Truss concern over Grooming Jihad
Analysis

Elon Musk, JK Rowling, British MPs raise concerns over rampant grooming Jihad in UK

2 January 2025

The Islamo Leftist ecosystem often mock and turn a blind eye upon the concerning subject of Love Jihad. There...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

why are Punjabi pop icons yo yo honey Singh, karan aujla abusing indian culture?

why are Punjabi pop icons yo yo honey Singh, karan aujla abusing indian culture?

00:04:17

'We’ll Start from the East’: Asim Munir’s Threat – Who’s Arming Pakistan?

00:06:14

The Secret Power of India’s Unseen Army

00:07:17

Legal Expert: Inside Sanjay Kapoor's Rs 18,000 Cr property Distribution

00:10:19

From jewellery to petroleum, know all about key exports at risk under Trump's 50% tariffs

00:04:28
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Contact Us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited