P J R M I

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M O R G A N A To: European Commission
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I T ´ S A B O U T B A L A N C E Rue de la Loi / Wetstraat 200
U 1049 Brussels
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Belgium
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To: Jean-Claude Juncker President of the European Commission.
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N Regarding: European Trade Deal with the United Kingdom.
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Monday, 23rd September 2019.

I have enclosed two letters which were sent to the President of the European Council Donald
Tusk, for your perusal. The contents of the letters may be of importance to you in your role,
as they explain the legal obligations of the European Commission and the European Council.

The book referred to in the two letters is entitled, "Euro Crisis - Aggregate Demand Control
is European Single Currency Weakness", by Peter James Rhys Morgan. The book has the
following ISBN 978-1-61364-207-8 and is available at Amazon as a paperback and EBook.

Kind Regards.

Peter James Rhys Morgan.

Website: morganisteconomics.blogspot.co.uk
Copyright © 2019 Peter James Rhys Morgan.
P J R M I
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M O R G A N A To: Rue de la Loi/Wetstraat 175
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I T ´ S A B O U T B A L A N C E B-1048 Bruxelles/Brussel
U Belgique/België
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To: Donald Tusk President of the European Council.
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N Regarding: European Trade Deal with the United Kingdom.
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E

Monday, 23rd September 2019.

I am an independent macroeconomist who develops new tools and policies intended to enable
economies to function more efficiently. I have previously written to you to provide you with
a letter of explanation of the consequences of not maintaining the existing trade deal between
the European Union and the United Kingdom after Brexit, the letter is enclosed. I also sent
you a book I have written along with the previous letter entitled, 'Euro Crisis'. The book is a
critique of the Euro Crisis, putting forward possible solutions to the European debt issues.

I have supported the European Council throughout the Euro Crisis along with many of the
European Union member states, by giving alternative methods of achieving macroeconomic
targets. It is imperative to reach annual economic growth targets to enable the repayment of
outstanding debts. If there is a recession, when there is a decline in the monetary output of the
economy, it would become difficult if not impossible to repay the agreed loans. My concern,
as my previous letter states, is a poor trade deal with the UK will lead to European recession.

I feel I have to write to you as an independent macroeconomist to attempt to protect the best
interests of the European economy and the economies of the individual EU member states.
As I have supported many of the EU member states throughout the Euro Crisis and other
subsequent economic difficulties. I am explicitly warning you of the potential problems of
not maintaining the existing trade with the UK after Brexit. It is highly likely it will create a
fall in monetary output in many of the EU member states and the overall European economy.

I also feel I have to explain the legal obligations of attaining the economic targets set by the
European Commission. If the targets are not reached it would be a failure of stewardship on
behalf of the European Council and European Commission. The high risk of an individual
EU member state entering into recession or even a European wide recession after Brexit can
be eliminated by maintaining the existing trade deal with the UK. This will also make sure
the European Council and European Commission have acted inside stewardship expectations.

Kind Regards.

Peter James Rhys Morgan.

Website: morganisteconomics.blogspot.co.uk
Copyright © 2019 Peter James Rhys Morgan.
P J R M I
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M O R G A N A To: Rue de la Loi/Wetstraat 175
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I T ´ S A B O U T B A L A N C E B-1048 Bruxelles/Brussel
U Belgique/België
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B
A To: Donald Tusk President of the European Council.
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Regarding: European Trade Deal with the United Kingdom.
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Wednesday, 21st August 2019.

I am an independent freelance macroeconomist who develops new tools and policies to

enable progress. I wrote a book on the 'Euro Crisis', which accurately predicted the United
Kingdom would withdraw from the European Union. The book examined the failings of the
European Commission which led to the sovereign debt crisis in Europe. There was a lack of
adherence to the legally binding economic targets set by the European Commission and the
European Central Bank, which if attained could have prevented the European debt crisis.

Eurostat the statistical body of the European Union failed to report and control sovereign debt
levels in many European Union member states. This fell outside of the legally required
targets and expected procedures set by the European Commission. I am concerned that if the
European Union does not maintain the existing trade deal with the United Kingdom after the
withdrawal process has completed that it could push the European Union back into a serious
debt crisis or a deep recession, only a very small reduction in GDP could trigger this scenario.

Debt repayments are difficult to achieve and often require bailouts, even a minimal reduction
in the money available in the economy on an annual basis may make bond instalment
payments impossible without further support from the wider European Union. National
money supplies must remain in perpetual growth to make repayments viable due to the
calculations used in lending agreements being based on principal investment. In short a small
fall in monetary growth in an economy could lead to an inability to make debt repayments.

As an independent freelance macroeconomist I am informing you of the legal obligation that

you have to maintain economic targets throughout the European Union and the consequences
of a possible recession. I believe European recession is a likely outcome if the European
Commission does not maintain the same trade deal with the United Kingdom after its
withdrawal from Europe. I have enclosed a copy of the book 'Euro Crisis', which explains the
consequences of the European Commission's prior failure to attain its own economic targets.

Kind Regards.

Peter James Rhys Morgan.

Website: morganisteconomics.blogspot.co.uk
Copyright © 2019 Peter James Rhys Morgan.