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Fitch warns of possible EU downgrades if UK leaves


Republican presidential candidate Donald Trump speaks in New York

Trump insisted he was “not stupid. just the opposite”, and denied he was divisive, calling himself “a unifier”. But that was before David Cameron and Sadiq Khan insulted The Donald.

“Number one, I’m not stupid, OK? I can tell you that right now, just the opposite”, he said.

The agency said European Union countries do stand to make limited gains from a vote for Brexit as companies from around the world opt to invest within the European Union rather than Britain. “It would reduce EU exports to the UK, although the extent would depend on the nature of any UK-EU trade deal and the degree and duration of sterling depreciation”, Fitch said.

Fitch has already said that a vote for Brexit would trigger a review of Britain’s AA+ rating code for a potential downgrade.

But neither Germany’s Angela Merkel nor France’s Francois Hollande have gone as far as Cameron in chiding Trump who, if he wins in November, would be in charge of the world’s most powerful nation and largest economy from January 20 next year.

“It looks like we are not going to have a very good relationship”, Trump told Britain’s ITV television.

“Donald Trump’s views are ignorant, divisive and risky – it’s the politics of fear at its worst and will be rejected at the ballot box just as it was in London”.

“Brussels’ red tape stifles every one of Britain’s 5.4 million businesses, even though only a small minority actually trade with the European Union”, said the letter, whose signatories include Steve Dowdle, a former Sony vice-president for Europe, and David Sismey, a managing director at United States investment bank Goldman Sachs.

In December, Cameron labeled the presidential hopeful’s suggestion of a temporary ban on Muslims traveling to the U.S.as “divisive, stupid and wrong”. “He stands by his comments”. Trump is now his party’s presumptive nominee, but in many ways, he’s breaking the Republican mold. The Times newspaper also reported last month Cameron had ordered diplomats to attempt to fix relations with Trump.

“I hope to have a good relationship with him but it sounds like he’s not willing to address the problem either”, Trump told ITV.

Trump also had words for Sadiq Khan, who became the first Muslim to hold the office of mayor of London when he was elected earlier this month.

“He has been clear that he will work with whoever is president of the United States”, York-Smith said.

Trump on Sunday said he was not anti-Muslim, but “anti-terror”, BBC reported.

“He doesn’t know me, never met me, doesn’t know what I’m all about”.

“I think it’s ignorant of him to say that”.

“I think they were very rude statements and, frankly, tell him I will remember those statements. I wished him well when I heard he won, he’s a Muslim, I think it’s ignorant for him to say that”.

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