Withdrawal from Europe - Market Fears?

talexuser

I agree with Glen Clark 100%, but if Blair had taken us into the single currency and Gormless not stopped him we would be in the same mess but possibly having to bail out Greece, Spain and Italy too which would have made the mess worse?

gozomark

george278 wrote: »

Given the current rise in public opinion in favour of the UK withdrawing from the EEC,.

You are showing your age - the EEC hasn't existed since 1993 :-)

SliAbhaile

george278 wrote: »

Given the current rise in public opinion in favour of the UK withdrawing from the EEC, and the possibility of a referendum on our membership, should investors with holdings in the UK market be worried?

When push comes to shove nothing will happen. Look at Catalonia, everyone thought it was on a one-way journey to independence but that's had a spanner in the works today.

I suspect the same will also happen with the Scottish referendum.

sabretoothtigger

Scotland cant pay its own bills, the oil revenue is not enough. They can make it alone but not with massive benefits only as a very stripped back state which is the oppiste of how they imagine it. If it does go ahead it'll be a disaster and reverse afterwards

Also a separate scotland would not be in the EU apparently, they need to reapply?

Thrugelmir

george278 wrote: »

The UK is the largest market in my portfolio and I'm considering reducing this.

Which companies are your largest investments in?

Jonbvn

Sceptic001 wrote: »

That used to be true, but is no longer the case. Latest poll confirms a steady increase in public opposition to EU membership:
56% of Britons would vote to quit EU in referendum, poll finds

But as srcandas says, the state of the euro is more likely to cause market instability than potential UK departure from the EU.

One of the comments from that article is interesting reading....

I am not surprised by this. I've spent all my adult life being pro-European, I studied European integration at university. In the past I would mock the likes of UKIP, convinced that they were narrow-minded English nationalists. I convinced myself that to be pro-EU was to be a progressive, after all the EU supported greater employment rights and the cohesion funds supported the poorer EU states. The EU was a powerful agent for democracy and freedom throughout the world. It seemed obvious that the EU was a 'good thing'. I've now come to the sad conclusion that the EU is none of these things. The elites in the EU want to create a country called Europe. They believe that these states where the people do not speak a common language, have no common culture and have massively divergent views on foreign policy, could in fact be one state. Complete nonsense. Everyone knows the arguments against the euro and there is near consensus in the UK that that is a disaster. But, to take the example of foreign policy, you only need to look at the Middle East to see the problems. A so-called country in which some governments are fanatically pro-Israel (Germany and France) and others want to recognise Palestine (Ireland, Spain, Portugal etc).

If there was a referendum tomorrow on EU membership, I would vote to leave it without a moment's hesitation. I have to admit that that nutter, Nigel Farage, was in fact right all along.

Nicholas-bloody-Parsons

george278 wrote: »

Given the current rise in public opinion in favour of the UK withdrawing from the EEC, and the possibility of a referendum on our membership, should investors with holdings in the UK market be worried?

No one will notice any difference. If we take UKIPs advice and we copy Norways EU relationship model.... They still pay billions for "single market membership" and follow all EU laws and regulations.

The only difference is that Dave Cameron wont get invited to the EU summits.:T

grey_gym_sock

Nicholas-bloody-Parsons wrote: »

The only difference is that Dave Cameron wont get invited to the EU summits.:T

at least that keeps him off the streets.

jimjames

SliAbhaile wrote: »

When push comes to shove nothing will happen. Look at Catalonia, everyone thought it was on a one-way journey to independence but that's had a spanner in the works today.

I suspect the same will also happen with the Scottish referendum.

I don't understand the logic that the news networks have applied to the Catalonia result. The suggestion was that the governing party had done less well so independence vote was less likely yet the runner up was a more radical pro-independence party so I would imagine it made it more likely.

I really don't think the current views in the UK have any impact on markets when there are so many more immediate worries to think about.

Glen_Clark

Jonbvn wrote: »

But, to take the example of foreign policy, you only need to look at the Middle East to see the problems. A so-called country in which some governments are fanatically pro-Israel (Germany and France) and others want to recognise Palestine (Ireland, Spain, Portugal etc).

Before the EU the traditional way of sorting these problems was to take sides and have a world war.
If the rest of the EU were as keen to send the troops in as the British Government it probably still would be.