If we vote for Brexit what happens

Thrugelmir

LHW99 wrote: »

Wonder which countries would want to be in a group with Germany? There are not many that could support the strength that a small-group-including-Germany currency would rise to

The currency will remain the Euro.

davomcdave

It's not really in anyone's interest for the EU to fail except for those that have malign reasons for wanting it (Russia).

Thrugelmir

davomcdave wrote: »

It's not really in anyone's interest for the EU to fail except for those that have malign reasons for wanting it (Russia).

I'd rephrase it as the EU needs to work for all member states.

setmefree2

Reported widely

Britain is preparing to demand a substantial share of European Union assets worth more than €150 billion in the attempt to cut the cost of the Brexit divorce bill.

Sapphire

setmefree2 wrote: »

Reported widely

Nice one. Thank you. :T:beer:

Herzlos

What's the total value of EU assets? I'm assuming we'd be looking for a share based on how much we've put in

A_Medium_Size_Jock

Herzlos wrote: »

What's the total value of EU assets? I'm assuming we'd be looking for a share based on how much we've put in

Google is your friend.
And if I were you, certainly when it comes to Brexit I would assume absolutely nothing.
That share would, I imagine, depend upon the EU; their attitude; and our negotiators.
i.e. a firm, non-yielding stance could well result in our making full and best use of asset sharing as opposed to a more agreeable stance necessitating less demanding asset sharing.
IYSWIM.

A_Medium_Size_Jock

gfplux wrote: »

Just a philosophical thought for the future,
When Britain has left the EU hopefully by the end of March 2019 what will Britain and or those who voted to leave the EU want from the the EU and the EURO then.

Further fragmentation of the EU leading to its collapse.
A spiral upwards or downwards in the value of the EURO leading to its abolition.

It would appear to me that it will be in Britains interest that the EU and the EURO continue to plod on, perhaps growing, changing and shrinking very slowly so Britain does not end up looking across the Channel at chaos and anarchy which may infect Britain or the world.

I have said before, many times now, that I do not actively WISH the destruction of the EU; also that of course effects from collapse would be felt here in the UK too.
HOWEVER it really does more and more appear likely that the EU are to be hoisted by their own petard.
The nepotistic senior bureaucracy within the EU will not accept the radical change that is so badly needed and this will be a major factor in such "hoisting".


BTW
Is there any news in Luxembourg of intentions to increase military funding to appease the UN/Trump?
As by far the EU's lowest contributor by percentage, I mean.

cogito

Herzlos wrote: »

What's the total value of EU assets? I'm assuming we'd be looking for a share based on how much we've put in

For starters, the assets of the European Investment Bank total €243bn. The UK's share of that should come to around €30bn.

Herzlos

A_Medium_Size_Jock wrote: »

Google is your friend.

Good point. Google tells me that the assets are worth about 150bn EUR, so we'd be trying to get a share of it that might be about enough to cancel out the UK commitments debt, rather than giving us any cash back.

It seems there's talk about wanting the actual assets (including ~5000 bottles of wine and ~1.2bn worth of artworks, and ~8bn of property folio) rather than getting cash back, so we may still have to fork over billions in cash in exchange for some stuff. I wonder where the wine and art will go, and how much money we'll waste of transport/storage.

To be honest, I suspect we'll concede more or less all of the EU assets as part of whatever deal we manage to get.