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What now? EU

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Comments

  • wymondham
    wymondham Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    Having read as much as possible about all this I'm still not sure if Camerons action was good or bad ..... time will tell i suppose!
  • ILW
    ILW Posts: 18,333 Forumite
    Something I have never quite understood is the term "our European Partners", surely in many cases they are "our European competition.
  • Nothing wrong with free trade and if the EU negoiate for it we are in but we avoid hurting the financial sector (9% GDP), and have less red tape to compete with. It has not been reported well but exports are up despite us not being in toy town err Euro
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    There are only two outcomes now. Either the EU project fails, or they pull it off and it becomes a new super power. Cameron has ensured we will have no input into either.
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    howee wrote: »
    Nothing wrong with free trade
    Nothing wrong with free trade when you rule a quarter of the world and everything is in your favour. It's different when the other guy makes better cheaper goods and is going to wipe out your domestic economy.

    What the Europeans have realised is that free trade can't be made to work for everybody without a level playing field. Which is why, if the UK quits the EU, they aren't going to do any deals for free trade without harmonisation.
    howee wrote: »
    It has not been reported well but exports are up despite us not being in toy town err Euro
    I would hope they are, considering the pound used to cost above 1.60 euros and now costs less than 1.20. We've been selling our exports artificially cheap, as we'll realise when inflation catches up with us.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
  • Linton
    Linton Posts: 18,346 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    ILW wrote: »
    Something I have never quite understood is the term "our European Partners", surely in many cases they are "our European competition.

    That's the problem with the British attitude.
  • ILW
    ILW Posts: 18,333 Forumite
    Linton wrote: »
    That's the problem with the British attitude.

    So are UK companies not in competition with EU companies?

    Please explain, unless you are referring to some type of anti competitve cartel.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    There are only two outcomes now. Either the EU project fails, or they pull it off and it becomes a new super power. Cameron has ensured we will have no input into either.


    strange

    only two outcomes

    failure
    or super power

    think about it; lots of alternatives in a matrix of possibilities
  • pqrdef is right, whatever treaty is pulled out of the bag it'll work as ineffectively as the last one. What germans think of as rules, Greeks and Italians see as guidelines :-) Making the targets harder, just make the "rules of thumb" less likely to be adhered to. In another year one of the PIIGS will have breached the new treaty and we'll be starting this drama all over again.
  • perhaps they will be fined - thereby adding to their defecit!
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