Brexit, the economy and house prices part 5

iro

Interesting that the remainiac posters appear to have no understanding of the extent of misery caused by the misguided EU project. (feel free to correct me)

They are in my opinion 'little EUlanders'.

Herzlos

iro wrote: »

Interesting that the remainiac posters appear to have no understanding of the extent of misery caused by the misguided EU project. (feel free to correct me)

They are in my opinion 'little EUlanders'.

Please enlighten us. Is this misery worse than the misery from brexit?

iro

Herzlos wrote: »

Please enlighten us. Is this misery worse than the misery from brexit?

Almost 50% youth unemployment in Greece, almost 40% youth unemployment in Spain and Italy.

The Euro jackboot firmly on the windpipe of these economies, the will of the people denied in Italy Frau Merkel demanding that everyone take the migrants that she unilaterally invited.

Brexit misery?

That would be the record low unemployment you are referring to?

Herzlos

The unemployment so low it highlights the fudges? The roles we can't fill because the migrants don't want to come here?

Is the youth employment the fault of the EU or of Greece? Admittedly the shared currency gives them a few less levers but I don't think that's the root of the problem.

iro

Herzlos wrote: »

The unemployment so low it highlights the fudges? The roles we can't fill because the migrants don't want to come here?

Is the youth employment the fault of the EU or of Greece? Admittedly the shared currency gives them a few less levers but I don't think that's the root of the problem.

What is the root of the problem?

A currency that helps Germany export and prices Italian, Spanish and Greek goods and services out of the market.

A currency that adds to the German trade surplus and also adds to the trade deficit of Italy, Spain and Greece.

It is pretty clear what the problem is.

iro

'First, the boom times for financial services in the City of London are over !!!8211; not temporarily but for good. George Soros' business partner has even declared that, "the City of London is finished". We will look back on the period from the 1987 "Big Bang" to last year as an anomaly. For a long time the unrivalled supremacy of the Square Mile meant people regarded the euro as a threat. That is now being turned on its head. The now enfeebled City will look increasingly vulnerable without "lender of last resort facilities" in a global reserve currency. The euro may well come to be regarded in the coming years as part of the answer to saving the City from permanent decline.'

https://www.independent.co.uk/voices/commentators/nick-clegg-we-should-consider-joining-the-euro-1515755.html

This was 'project fear' before project fear!

Since 2004 UK households are better off by 40%, Italian households are barely better off at all.

If there is a second referendum can we ask Clegg to lead remain, if he does leave will win by a mile!

#toxicclegg

iro

weaponise the NI border...

weaponise abortion....

is there any limit to what some remainers will do to stop Brexit?

Thrugelmir

iro wrote: »

It is pretty clear what the problem is.

Cheaper to employ people in Asia, India and other emerging markets.

iro

'The euro initially rallied against the dollar at the end of a day of drama on Sunday that saw the prospect of a populist government determined to take on Europe recede for now. It later gave up those gains to trade little changed as of 1:26 p.m. in Rome. The spread between Italian and German 10-year bonds reached the widest in over four years as polls suggest the populists can only benefit from the chaos.'

https://www.bloomberg.com/news/articles/2018-05-28/italy-s-president-asks-economist-cottarelli-to-form-government

The spread between UK gilts and Italian junk bonds widened by 105 points, that is the markets saying Brexit is a good thing.

Great news!

'The EU's difficulty is our opportunity', looks like Barnier is going to have his head shoved down the Italian Water Closet.

(Text removed by MSE Forum Team)

iro

Thrugelmir wrote: »

Cheaper to employ people in Asia, India and other emerging markets.

So that explains our record low unemployment levels because???????

Comparing like with like, UK youth unemployment is less than a quarter of Italy's and this as a proportion of not all those aged 16-25 but as a proportion of those young people not in training or education.