Martin Wolf, the 11th reason against Brexit, is Britain should not want be blamed for causing EU's final divorce

Sir, Martin Wolf gives very convincing arguments against a Brexit, as they say he almost had me at hello! “Myths and fantasies in the case for Brexit” April 27.

The question then is, why does Brexit pose such an attraction to so many… and is there any chance that attraction will diminish over time?

And I guess the best answer to that is a question: Martin Wolf would you like to call Europe home? 

If Wolf's answer is no, then even he must admits there is a fundamental failing with EU that will most likely, thanks to successful populists and demagogues, become worse and worse with time.

But then again, if so, that would signify the 11th and perhaps most important reason for why to vote against Brexit now, namely that Britain could become blamed for the final divorce of EU.

Let other countries play that treacherous role… I think there will be, or already exist, many candidates for an exit… like a Grexit perhaps?

And, of course, always remember to thank your lucky star you did not get involved with the Euro.

PS. That does not signify, of course, that I do not think it appropriate for the UK to withdraw, immediately, from some quasi European concoctions, such as crazy bank regulations coming out of the Basel Committee. 

PS. I just read Tony Barber's "A turn in the political tide buoys Austria’s far right" So hold your horses on Brexit, and then you could blame the Austrians J

@PerKurowski ©

Europe must hold the Basel Committee responsible for doing Greece in, by allowing banks to lend to it against almost no capital at all.

Sir, Wolfgang Münchau favors Greece would default on all official creditors — the IMF, the ECB, the ESM and on the bilateral loans from its European creditors. But it would service all private loans with the strategic objective to regain market access a few years later” “Greece has nothing to lose by saying no to creditors” June 15.

That translates into Greece favoring some investors/speculators, while making the European and some other taxpayers take the hit. I don’t think this is a strategically correct and intelligent way for Greece to behave… and it also fosters further inequality. The sacrifices must occur, but these have to be perceived as being shared as fair as possible.

And reading the three reasons Münchau puts forward for defending the default/Grexit alternative, I must remind you that while Greece remains committed to risk adverse bank regulations, which discriminates against the fair access to bank credit of its SMEs and entrepreneurs, it will fail, no matter what it does... and Europe will be following the same route in due course.

And talking about bad regulations, it is of utmost importance for Greece an others, to make sure the responsibility for all this tragedy, is shared by those who allowed banks to lend to Greece’s government against basically no capital at all… and thereby fueled its over indebtedness. At the end of the day, in my view, it was the Basel Committee who did Greece in.

@PerKurowski