If we vote for Brexit what happens

wotsthat

A_Medium_Size_Jock wrote: »

Grumble at Reuters, I just point out what the meeja decide is newsworthy.

Don't you pass it through a BS filter before posting?

Sterling hasn't been so stable for a while and there are still headlines about it sliding and soaring. The headline was patently wrong.

Best left on the garage forecourt.

A_Medium_Size_Jock wrote: »

Nobody noted that the crowdfunded legal challenge to Article 50 had been abandoned.
https://www.ft.com/content/6100aa8e-4483-11e7-8519-9f94ee97d996
https://www.theguardian.com/politics/2017/may/30/crowdfunded-legal-challenge-over-article-50-abandoned

That was one of the more obscure challenges - thought it was dead already. Good news though - it's time to get on with it.

always_sunny

cogito wrote: »

Because it has the benefit of a massively undervalued currency and it's trade surplus has been in breach of EU rules for several years but because it's Germany, it gets away with it.

For the Germans, it's a source of national pride but for the other countries for whom the currency is overvalued, it's an unmitigated disaster, especially the Greeks who are being crushed by the Germans who hold a lot of its debt. The Germans had a great deal of their debt forgiven to allow them to get back on their feet after the war, something that they have completely forgotten when it comes to other countries in desperate need of debt relief.

For what it's worth, Holland is running an even bigger surplus in percentage terms.

If the UK had joined the Euro, it would have also benefited from this undervalued currency.
It really sounds as if, doesn't matter what, so long as Germany is at the helm and not the UK it can only be bad.

The Greeks are being crushed by their own economic policies.

Thrugelmir

always_sunny wrote: »

If the UK had joined the Euro, it would have also benefited from this undervalued currency.

Depends what the exchange rate is at the point of entry. 20 years ago Germany was the sick man of Europe.

Thrugelmir

cogito wrote: »

Because it has the benefit of a massively undervalued currency and it's trade surplus has been in breach of EU rules for several years but because it's Germany, it gets away with it.

For the Germans, it's a source of national pride but for the other countries for whom the currency is overvalued, it's an unmitigated disaster, especially the Greeks who are being crushed by the Germans who hold a lot of its debt. The Germans had a great deal of their debt forgiven to allow them to get back on their feet after the war, something that they have completely forgotten when it comes to other countries in desperate need of debt relief.

Not particularly helpful to the Germany economy though. As much of the money is being held off shore to avoid tax. Not just US companies that can play the game.

German infrastructure is in a very poor state.

cogito

always_sunny wrote: »

The Greeks are being crushed by economic policies.......

......imposed on them by the EU with the support of the IMF.

always_sunny

cogito wrote: »

......imposed on them by the EU with the support of the IMF.

The Greek economy drama has been discussed over and over (so not going to that argument).
Maybe you should campaign for the UK to make a donation to reduce their debt.

gfplux

vivatifosi wrote: »

Thanks. I've read both. They are not unexpected starting positions.

I fully expect EU citizens to be granted right to remain, but I can't imagine that anyone without documentation will be able to. Equally, I can't see the Commission having the final say, given that they are in effect one of the parties to the divorce. I would imagine there would need to be a new body set up impartial to both.

Similarly I think a lot of what is written in the finance document is fair, but I think the list of liabilities is not as fully offset by a list of assets as it should be.

Thanks for those comments.
There are pages and pages in this thread of guesses, opinions and speculation.
When a document that shows the EU's actual position on two items on the agenda there has been virtually no comment, remarkable!


Let's get back to speculation shall we.

always_sunny

Thrugelmir wrote: »

Depends what the exchange rate is at the point of entry. 20 years ago Germany was the sick man of Europe.

So bottom line is, regardless of what, it's' always Germany's fault.
So many excuses about it, but never introspect (as a country UK) of why.

vivatifosi

gfplux wrote: »

Thanks for those comments.
There are pages and pages in this thread of guesses, opinions and speculation.
When a document that shows the EU's actual position on two items on the agenda there has been virtually no comment, remarkable!


Let's get back to speculation shall we.

I was surprised that there wasn't more comment too.

There has been a bit of delay here in terms of the news organisations picking up and analysing these documents, but that has now started to happen.

For example, I was watching the newspaper review on Sky last night and they were talking about another paper's take on it, can't remember which, but it was a broadsheet.

They had also talked about the problems of the Commission and ECJ as a governing body; but on the second doc focused on the long list of EU organisations we need to disentangle from.

Tromking

always_sunny wrote: »

So bottom line is, regardless of what, it's' always Germany's fault.
So many excuses about it, but never introspect (as a country UK) of why.

I think people are just flagging up the flaw in a construct ie the Eurozone, that has Germany flourishing and others begging for bailouts courtesy of the IMF and German taxpayers.
Regardless of how individual countries got to this state of affairs, if the EU is to become the supranational entity the Germans want it to be, then the German policy of 'he who pays the piper, calls the tune' will not work forever with the people's of Southern Europe.
Most countries in comparison with Germany aren't doing so well, the UK is in good company.