Brexit, The Economy and House Prices (Part 2)

always_sunny

Eric_the_half_a_bee wrote: »

Red herring. Name one EU country which abides by the rules.

Red herring. Name one EU country which is following the UK.

kabayiri

always_sunny wrote: »

It is not one view but a collective view of member states.
What is the UK doing in a 'European Union' if they don't want to abide to the rules?
Therefore, off you go.

Poland isn't abiding by the rules of Free Movement. Or Hungary.

What do you think the EU should do in response, and do you think it will encourage compliance or resistance?

Thrugelmir

always_sunny wrote: »

Red herring. Name one EU country which is following the UK.

Let's fish for bigger fry.

ECB Urges Fines for European States Breaking Reform Rules

The European Union should consider slapping large fines on European governments that fail to adopt its economic-reform proposals, the European Central Bank said.

The stern advice, in a report published on Monday, underlines the ECB’s mounting frustration at the sluggish pace of economic reform in the eurozone, which risks hurting the bloc’s longer-term growth and stability.

During the region’s recent debt crisis, EU governments launched a new risk-monitoring system known as the macroeconomic imbalances procedure, designed to prevent worrisome economic developments such as high current-account deficits, unsustainable debt levels and house-price bubbles.

Governments can be fined up to 0.1% of gross domestic product if they repeatedly fail to address economic flaws flagged by EU authorities. In practice, though, the EU has so far stopped short of issuing such sanctions.

But the ECB suggested that should change. “There seems to be a strong case for applying the corrective arm of this procedure for all countries with excessive imbalances,” the central bank said.

The number of countries in which EU authorities have identified “excessive imbalances” is at an all-time high, according to the European Commission, the EU’s executive arm. They include Bulgaria, France, Croatia, Italy, Cyprus and Portugal.

EU policy recommendations typically address issues such as boosting the sustainability of public finances, reducing the tax burden on labor, and increasing the efficiency of public administration and state-owned enterprises.

The commission said in February that for more than 90% of its 2016 recommendations, there had been only “some”, “limited” or “no” progress on implementation, while only a very small number of recommendations had been “substantially” or “fully” implemented.

That failure “is all the more concerning given the remaining rigidities and vulnerabilities in euro area countries,” the ECB said.

The use of financial sanctions against offending governments “offers a well-defined process ensuring greater traction on reform implementation for the most vulnerable member states,” the central bank said.

CKhalvashi

For Thrugelmir, as promised.

Sorry it took so long, someone phoned me and I fell asleep soon after, and yesterday was the only day I can spend not doing a lot for 2 weeks so I decided to spend it off the internet with family

http://blogs.lse.ac.uk/brexit/2017/08/13/the-british-are-indifferent-about-many-aspects-of-brexit-but-leave-and-remain-voters-are-divided-on-several-key-issues/

Take a look at the full report. I'm not saying there weren't tiny aspects of truth in what was reported in the press, more that the facts were significantly skewed to make you believe what wasn't there.

Just to point out, I'm having 'admin days' today and tomorrow as I've still got to deal with a load of paperwork dated June and July, so will be happy to answer any questions either on Wednesday morning (as I'm not due to start until 11am due to working 4am to 8pm today and tomorrow) or when I'm actually filing stuff for the right month, whichever comes first.

gfplux

CKhalvashi wrote: »

For Thrugelmir, as promised.

Sorry it took so long, someone phoned me and I fell asleep soon after, and yesterday was the only day I can spend not doing a lot for 2 weeks so I decided to spend it off the internet with family

http://blogs.lse.ac.uk/brexit/2017/08/13/the-british-are-indifferent-about-many-aspects-of-brexit-but-leave-and-remain-voters-are-divided-on-several-key-issues/

Take a look at the full report. I'm not saying there weren't tiny aspects of truth in what was reported in the press, more that the facts were significantly skewed to make you believe what wasn't there.

Just to point out, I'm having 'admin days' today and tomorrow as I've still got to deal with a load of paperwork dated June and July, so will be happy to answer any questions either on Wednesday morning (as I'm not due to start until 11am due to working 4am to 8pm today and tomorrow) or when I'm actually filing stuff for the right month, whichever comes first.

Thanks for the link. Sorry you are working so hard.
Can others confirm this is the report that has been quoted in some newspapers recently as the conclusions of this survey do not match the headlines in those newspapers.

cogito

kabayiri wrote: »

Poland isn't abiding by the rules of Free Movement. Or Hungary.

What do you think the EU should do in response, and do you think it will encourage compliance or resistance?

To which you can add Germany and The Netherlands for their illegal trade surpluses, France for its illegal budget deficit and Italy for its illegal state rescue of its banks. Off the top of my head.

CKhalvashi

gfplux wrote: »

Thanks for the link. Sorry you are working so hard.
Can others confirm this is the report that has been quoted in some newspapers recently as the conclusions of this survey do not match the headlines in those newspapers.

I can't find the original webpage I was viewing despite looking a few times, however I'm pretty certain it is.

I too would be grateful if someone could confirm it is the right one.

always_sunny

kabayiri wrote: »

Poland isn't abiding by the rules of Free Movement. Or Hungary.

What do you think the EU should do in response, and do you think it will encourage compliance or resistance?

Are you saying these countries are barring EU nationals from settling in Poland and/or Hungary?
Why are folks in the UK constantly looking at what other EU members are doing and find faults rather than look at the mess at home?

kabayiri

always_sunny wrote: »

Are you saying these countries are barring EU nationals from settling in Poland and/or Hungary?
Why are folks in the UK constantly looking at what other EU members are doing and find faults rather than look at the mess at home?

I am saying that the EU is fairly toothless when it comes to the crunch.

What use is a principle like FOM when an individual state can effectively neuter it on religious grounds, for example.

Or do you consider 90% movement enough of a benchmark? Of course not, because that's just b0ll0ks.

Don't make me laugh with the finding faults comment. It's just the reverse of people here finding endless fault with the UK side.

mayonnaise

British pensioners rushing to settle in EU countries ahead of Brexit

British pensioners and people taking early retirement are flocking to settle in European countries ahead of Brexit, amid fears this will become more difficult once freedom of movement ends.

Nice.
First they screw the country's future by voting for brexit, then they're off to the continent to avoid the consequences.
http://www.independent.co.uk/news/uk/british-pensioners-rushing-to-settle-move-eu-countries-ahead-of-brexit-france-spain-portugal-a7891606.html