Wrong-Direction
Well-known member
- Mar 10, 2013
- 13,459
Exactly, f***ed either way
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[Politics] Brexit
- Thread starter KingstonSeagull
- Start date
Green Cross Code Man
Wunt be druv
It is absurd, because, and I reiterate, neither the remain or leave campaigns are a unified force. The remain can present a clearer idea as they contain our most important politician, the prime minister and remaining would see us simply carry on as we were. Leave cannot present a unified policy as they are not in such elevated positions of power.
All along it has been apparent that faith would play a major part in the referendum. If we remain, we need faith that things will improve in an already unpopular organisation. If we vote leave, then faith that whoever ends up leading our government (it wouldn't be Cameron) can negotiate good deals, whatever they may be.
Sent from the boot of Lingard
Good as we only want investment that has faith in our economy if we leave....just hope they are not allowed back after the referendum
Here speaks the voice of Little England.
Foreign Direct Investment (FDI) is vital for the prosperity of the UK. We are a great choice for FDI because we have good incentives (low corporate tax rates), flexible labour laws, and access to the Single Market. We attract more FDI than any other EU country. Post Brexit (under the Boris/Gove model) we will no longer provide access to the Single Market. The LSE has estimated that this will reduce FDI by around 22%, and directly result in a reduction in annual GDP per capita of £2,200.
Apologies if your comment was ironic!
melias shoes
Well-known member
- Oct 14, 2010
- 4,830
Or vice versa.
Two Professors
Two Mad Professors
Here we go again- LSE,around 22%,reduction in GDP £2,200 blah blah blah £4300 blah blah blah,no economic plan,world war 3,plague of locusts,LOB etcetcetc
Records been stuck too long,change the needle.Found that £670,000,000 lost to fraud by the EU in 2015 yet?
Records been stuck too long,change the needle.Found that £670,000,000 lost to fraud by the EU in 2015 yet?
melias shoes
Well-known member
- Oct 14, 2010
- 4,830
What this 670 million.
http://www.telegraph.co.uk/news/201...campaign-see-significant-poll-boost-amid-imm/
Disgraceful.
UK risks billions in EU as new Eurozone crisis looms
There is a massive new crisis brewing in the Eurozone and it would be interesting to hear the Remain camp’s views. For Britain would be stung for billions from bailouts unless we vote to leave on June 23.
The talk in Europe is that everyone has been told to back off a bit while the British referendum is going on. There was an embarrassing moment the other day when rumours circulated of plans for a European army but the announcement is scheduled for a day or two after the referendum.
Good luck trying it without the British Army, by the way, Jean-Claude.
Anyway, no one seems particularly unhappy at this state of torpor. Several countries have said that there cannot be anything even in the next year or two which even hints at Treaty change and thus the prospect of a referendum. Even if Britain were to vote Remain, their voters would still be trigger happy.
But away from the headline stuff, day to day work has to continue in the EU’s earthly paradise, and right now there is a fair bit of head scratching at the Central Bank. There has been another quarter of negative inflation. This despite Mario Draghi’s attempt at quantitative easing, and his assurances that everything will be all right.
Italy has a debt:GDP ratio of 133 percent. Traditionally it inflated the debt away, the old Lira devalued and there were spurts of growth.
Not so now. No growth, pretty well, since the recession; no chance of devaluation, and all the debt having to be repaid while the means to repay it deflates away.
The same goes for other indebted countries, the usual olive belt suspects and, increasingly, France. They point out that the ECB’s mandate is to keep inflation at or near 2 percent, and that the Germans are stopping Mr Draghi from doing it.
But the next European crisis, if it occurs (let’s be generous), will most likely be with the banks. Wolfgang Schaeuble (it’s those Germans again) has repeatedly criticised Italian banks for their lack of stability, and there is much to criticise.
Total bad loans are over €300 billion, of which some €80 billion are sofferenze, loans to bankrupt companies from which nothing can be recovered, but which have not yet been written off.
Italy set up a €5 billion fund to rescue failing banks, which got up as far as €4.25 billion and then spent a billion underwriting the capital raising of a minor lender. The discrepancy between the big numbers and the small ones is not difficult to spot. Even leveraging the fund isn’t going to get it anywhere near what is required if there is a bank run.
Could there be a bank run? Well, shares in Italian banks fell 40 percent earlier this year. The markets are edgy.
There is a crisis brewing in the Eurozone and it would be interesting to hear the Remain camp’s views. Don’t, please, give us the one about this being a Eurozone problem.
One of the parties to the next euro rescue will be the European Commission, and if Britain is still a member of the EU when the music stops it will have to contribute billions.
Would you join a club with these problems? So why stay in one?
http://www.thecommentator.com/article/6329/uk_risks_billions_in_eu_as_new_eurozone_crisis_looms
There is a massive new crisis brewing in the Eurozone and it would be interesting to hear the Remain camp’s views. For Britain would be stung for billions from bailouts unless we vote to leave on June 23.
The talk in Europe is that everyone has been told to back off a bit while the British referendum is going on. There was an embarrassing moment the other day when rumours circulated of plans for a European army but the announcement is scheduled for a day or two after the referendum.
Good luck trying it without the British Army, by the way, Jean-Claude.
Anyway, no one seems particularly unhappy at this state of torpor. Several countries have said that there cannot be anything even in the next year or two which even hints at Treaty change and thus the prospect of a referendum. Even if Britain were to vote Remain, their voters would still be trigger happy.
But away from the headline stuff, day to day work has to continue in the EU’s earthly paradise, and right now there is a fair bit of head scratching at the Central Bank. There has been another quarter of negative inflation. This despite Mario Draghi’s attempt at quantitative easing, and his assurances that everything will be all right.
Italy has a debt:GDP ratio of 133 percent. Traditionally it inflated the debt away, the old Lira devalued and there were spurts of growth.
Not so now. No growth, pretty well, since the recession; no chance of devaluation, and all the debt having to be repaid while the means to repay it deflates away.
The same goes for other indebted countries, the usual olive belt suspects and, increasingly, France. They point out that the ECB’s mandate is to keep inflation at or near 2 percent, and that the Germans are stopping Mr Draghi from doing it.
But the next European crisis, if it occurs (let’s be generous), will most likely be with the banks. Wolfgang Schaeuble (it’s those Germans again) has repeatedly criticised Italian banks for their lack of stability, and there is much to criticise.
Total bad loans are over €300 billion, of which some €80 billion are sofferenze, loans to bankrupt companies from which nothing can be recovered, but which have not yet been written off.
Italy set up a €5 billion fund to rescue failing banks, which got up as far as €4.25 billion and then spent a billion underwriting the capital raising of a minor lender. The discrepancy between the big numbers and the small ones is not difficult to spot. Even leveraging the fund isn’t going to get it anywhere near what is required if there is a bank run.
Could there be a bank run? Well, shares in Italian banks fell 40 percent earlier this year. The markets are edgy.
There is a crisis brewing in the Eurozone and it would be interesting to hear the Remain camp’s views. Don’t, please, give us the one about this being a Eurozone problem.
One of the parties to the next euro rescue will be the European Commission, and if Britain is still a member of the EU when the music stops it will have to contribute billions.
Would you join a club with these problems? So why stay in one?
http://www.thecommentator.com/article/6329/uk_risks_billions_in_eu_as_new_eurozone_crisis_looms
pastafarian
Well-known member
all this question does chap is tell me you dont know who or what the 90 day visa free access is designed for
Bizarre isnt it
They agree with Varoufakis letter that the EU is undemocratic, behaves abominably, is increasingly dangerous and nastier, bureaucratically opaque,contemptuous of democratic parliaments, and unsovereign
and think its a good club to be a part of.
a sensible bloke would say i dont think i will go swimming,lets do something else today
Out of interest what is the strategy for staying in and reforming the broken EU
What are these reforms? Does anyone know?
Are they even achievable?
why wont the remain camp produce a list of these reforms that are supposedly worthwhile voting to stay in for.
or is the truth there isnt really a plan after all?
Wrong-Direction
Well-known member
- Mar 10, 2013
- 13,459
I'll be too busy getting smashed at Glastonbury to give a f***
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Blue Valkyrie
Not seen such Bravery!
My comment covers both results, so vice versa is already in play.
They'll have an almighty job with ~48% expecting the worst for the future.
People who weren't bothered before this referendum could now be 'radicalised' one way or the other.
It'll be a mess whatever the result is in my opinion.
melias shoes
Well-known member
- Oct 14, 2010
- 4,830
That was a similar comment I made with a colleague today.
Which either way it goes there is going to be a large percentage of the country disappointed.
East Preston Gull
New member
German President has announced retirement in 2017. Will trigger elections. Merkel will have no allies. Euro project over
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JC Footy Genius
Bringer of TRUTH
- Jun 9, 2015
- 10,568
"Europe is losing ground to the rest of the world, and the people who pay the price are our citizens.
One fifth of young people in the European Union cannot get a job.
US companies can get new products licensed and to market within days, yet it can take weeks or months in Europe.
And a decade ago the Commission estimated a total administrative burden to EU businesses of €125 billion a year. " - George Osborne November 2015
One fifth of young people in the European Union cannot get a job.
US companies can get new products licensed and to market within days, yet it can take weeks or months in Europe.
And a decade ago the Commission estimated a total administrative burden to EU businesses of €125 billion a year. " - George Osborne November 2015
JC Footy Genius
Bringer of TRUTH
- Jun 9, 2015
- 10,568
EU Court rules no jail for illegal migrants
Non-EU migrants illegally entering an EU state in the Schengen zone should not face detention on those grounds, says the European Court of Justice.
http://www.bbc.co.uk/news/world-europe-36469014
Non-EU migrants illegally entering an EU state in the Schengen zone should not face detention on those grounds, says the European Court of Justice.
http://www.bbc.co.uk/news/world-europe-36469014
Two Professors
Two Mad Professors
Yeah,that's the missing £670,000,000,all gone to EU fraud in 2015.
But none of our financial experts or EU apologists or even the Remain lunatic fringe seem keen to explain where it has gone.Strange isn't it?
Wrong-Direction
Well-known member
- Mar 10, 2013
- 13,459
Anyone would think corruption doesn't happen over here..
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melias shoes
Well-known member
- Oct 14, 2010
- 4,830
Strange yes. Surprising? Not in the slightest.
GoldWithFalmer
Seaweed! Seaweed!
3-1 out in our household by post,youngest says she wants to stay in and with that i have no complaints.
GoldWithFalmer
Seaweed! Seaweed!
what are we called out of interest
Captain Sensible
Well-known member
3 in from our house. 7 in v 2 out for our family in general.