Extreme Brexit could be worse than financial crisis for UK: BoE

[bomber]

56 minutes ago, aright said:

Which way will the EU go? 

Overall the current Italian crisis along with Brexit shows that the EU concept is not working with two of its largest economies wanting to change course. It is the obstinacy of a selfish German/French cabal which forces Brussels to abandon any deviation from its plan, which is the root cause of the problem and will eventually lead to the breakup of the EU.

 

 

 

The greek crisis was the big test..it passed it..brexit isnt even a test.

[sandyf]

3 hours ago, owl sees all said:

Was not Mr Juncker foisted upon the MEPs to vote on; with no opposition?

Totally irrelevant argument, he speaks on behalf of the 27 European leaders, not for them.

Brexiteers appear to have the view that the European Council does not exist.

[bomber]

1 hour ago, aright said:

Which way will the EU go? 

Overall the current Italian crisis along with Brexit shows that the EU concept is not working with two of its largest economies wanting to change course. It is the obstinacy of a selfish German/French cabal which forces Brussels to abandon any deviation from its plan, which is the root cause of the problem and will eventually lead to the breakup of the EU.

 

 

 

Usual usual 

[aright]

14 minutes ago, bomber said:

Usual usual 

Your usual well constructed argument

[tomacht8]

1 hour ago, aright said:

Which way will the EU go? 

Overall the current Italian crisis along with Brexit shows that the EU concept is not working with two of its largest economies wanting to change course. It is the obstinacy of a selfish German/French cabal which forces Brussels to abandon any deviation from its plan, which is the root cause of the problem and will eventually lead to the breakup of the EU.

 

 

 

If so, is it not wiser to stay in the EU then? If the EU breaks up soon, the UK could save 39 billion withdrawal money. Brexit for free. You should switch to the remainer camp, if you believe in what you have written.

[aright]

3 minutes ago, tomacht8 said:

If so, is it not wiser to stay in the EU then? If the EU breaks up soon, the UK could save 39 billion withdrawal money. Brexit for free. You should switch to the remainer camp, if you believe in what you have written.

I think that's called wishin and hopin and thinkin and prayin and planning and dreamin. according to Dusty Springfield

Our decision was decisive, we want out asap.

You presumably would recommend staying in a miserable marriage because it would save money.

Before the final showdown, to start soon I would have thought in Italy's case, a lot of bail out money will need to be paid. More than 39 billion I would think, but of course as a Remainer you will be happy to pay that. After all, you are all in it together. It's naïve to think the bust up of the EU won't involve a lot of Wonga in all sorts of directions.

[sanemax]

34 minutes ago, tomacht8 said:

If so, is it not wiser to stay in the EU then? If the EU breaks up soon, the UK could save 39 billion withdrawal money. Brexit for free. You should switch to the remainer camp, if you believe in what you have written.

No, that money would still need to be paid .

[bomber]

2 minutes ago, sanemax said:

No, that money would still need to be paid .

how?

[bomber]

39 minutes ago, tomacht8 said:

If so, is it not wiser to stay in the EU then? If the EU breaks up soon, the UK could save 39 billion withdrawal money. Brexit for free. You should switch to the remainer camp, if you believe in what you have written.

if the UK has such an advantage by having its own currency and if the EU did collapse then i would of thought it would have an immediate advantage over the nations with the Euro,a free brexit and probably the strongest currency,surely a good thing,after all they are forever telling us the collapse is coming soon.

[bomber]

22 minutes ago, aright said:

I think that's called wishin and hopin and thinkin and prayin and planning and dreamin. according to Dusty Springfield

Our decision was decisive, we want out asap.

You presumably would recommend staying in a miserable marriage because it would save money.

Before the final showdown, to start soon I would have thought in Italy's case, a lot of bail out money will need to be paid. More than 39 billion I would think, but of course as a Remainer you will be happy to pay that. After all, you are all in it together. It's naïve to think the bust up of the EU won't involve a lot of Wonga in all sorts of directions.

so how quickly is asap,would you left the following day?  Italy has nothing to do with brexit,

[SheungWan]

8 hours ago, owl sees all said:

Did you have one of these beauties SW?

I liked the Austin Allegro. Did everything I asked it to; and a whole lot more. Started in the mornings. Kept me dry in the rain (sort of) and was a passion magnet for the Dagenham lasses; although they did prefer the Cortina for the room in the back.

You should have told me. I would have sold you my Austin Allegro.

[aright]

1 minute ago, SheungWan said:

You should have told me. I would have sold you my Austin Allegro.

I would have had you picked as more of a Ford Escort man

[SheungWan]

4 minutes ago, aright said:

I would have had you picked as more of a Ford Escort man

Prior to the Allegro it was a Lancia Fulvia. No...Don't ask.

[CG1 Blue]

2 hours ago, bomber said:

The greek crisis was the big test..it passed it..brexit isnt even a test.

How did the Greek crisis pass a test? I'm looking forward to this answer.... ????

[Grouse]

9 hours ago, welovesundaysatspace said:

Almost a bit jealous now at the unitedness of the United Kingdom. 

The key point is that these populist (anarchist?) movements are against their own governments NOT the EU. I must look up epsilon myopia.

[Loiner]

2 hours ago, wilcopops said:

the cuckoo speaks - where will you get your materials and markets?

Same places they always come from and go to.

 

What makes you think they wont? Not all that Remainer scaremongering again?

[aright]

10 minutes ago, Grouse said:

The key point is that these populist (anarchist?) movements are against their own governments NOT the EU. I must look up epsilon myopia.

Far too simplistic

 

The principle of supremacy, or primacy, describes the relationship between EU law and national law.

It says that EU law should prevail if it conflicts with national law. 

This ensures that EU rules are applied uniformly throughout the Union.

If national laws could contradict the EU treaties or laws passed by the EU institutions, there wouldn’t be this single set of rules in all member countries.

[nauseus]

34 minutes ago, aright said:

e had you picked as more of a Ford Escort

 

11 minutes ago, Grouse said:

The key point is that these populist (anarchist?) movements are against their own governments NOT the EU. I must look up epsilon myopia.

The case of the short-sighted printer?

[aright]

5 minutes ago, nauseus said:

 

The case of the short-sighted printer?

I am very short sighted and if I don't like a situation I take my glasses off.

[talahtnut]

43 minutes ago, SheungWan said:

You should have told me. I would have sold you my Austin Allegro.

I had you down as a three wheeler man.

If you do have an Allegro, I'm impressed.

I was tempted to buy one last week.

[Grouse]

3 hours ago, aright said:

Which way will the EU go? 

Overall the current Italian crisis along with Brexit shows that the EU concept is not working with two of its largest economies wanting to change course. It is the obstinacy of a selfish German/French cabal which forces Brussels to abandon any deviation from its plan, which is the root cause of the problem and will eventually lead to the breakup of the EU.

 

 

 

Alternatively, France and Italy could slash taxes and decimate their cappuccino civil societies just like the U.K. It's a matter of individual countries own fiscal policies within an EURO area constraint frame.

 

I see nothing wrong with that in principle but the Euro must be reworked. If countries aren't comfortable, leave the Euro.

[Grouse]

31 minutes ago, aright said:

Far too simplistic

 

The principle of supremacy, or primacy, describes the relationship between EU law and national law.

It says that EU law should prevail if it conflicts with national law. 

This ensures that EU rules are applied uniformly throughout the Union.

If national laws could contradict the EU treaties or laws passed by the EU institutions, there wouldn’t be this single set of rules in all member countries.

True enough; if push comes to shove that applies.

 

But that's not the position here. These countries have great latitude within the Euro constraint frame.

 

They can't have it all ways. Live a European life or live an unequal American life like the UK.

 

What law has damaged YOU personally?

 

Have you not benefited even slightly from the EU with regard to widget manufacturing?

[aright]

7 minutes ago, Grouse said:

Alternatively, France and Italy could slash taxes and decimate their cappuccino civil societies just like the U.K. It's a matter of individual countries own fiscal policies within an EURO area constraint frame.

 

I see nothing wrong with that in principle but the Euro must be reworked. If countries aren't comfortable, leave the Euro.

I have made this point before, I am certain countries like Greece and Italy etc would like to go back to the drachma and lire but they can't afford to.  Both countries are virtually bankrupt and should they revert who would loan them money to set up a Central Bank or pay off existing debts? The euro unfortunately is their financial crutch. Germany of course could do something about it but why would they? 

[Grouse]

1 minute ago, aright said:

I have made this point before, I am certain countries like Greece and Italy etc would like to go back to the drachma and lire but they can't afford to.  Both countries are virtually bankrupt and should they revert who would loan them money to set up a Central Bank or pay off existing debts? The euro unfortunately is their financial crutch. Germany of course could do something about it but why would they? 

That's what you get if you lead a Prosecco life style on Dracma wages. The Latins need to sober up.

 

 

[Grouse]

9 hours ago, melvinmelvin said:

will not last long

Only the magnetic lemmings are united.

[Grouse]

9 hours ago, owl sees all said:

I'd quite like to see the carpet industry revamped. Stop that Belgian toot flooding in and get with the Wiltons and Axes. What a boost that would be to the carpet producing towns and the Welsh sheep farmers.

 

If we were to renew every carpet in every home in the UK our money worries would be over. Any excess could be flogged off to India or Jamaica on the cheap. 

 

I would also prefer if we (us UKs) would stick to eating homemade cheese and drinking home brewed wine. Let's hit these jumped-up EU countries where it hurts most.

 

 

With zero import duty you should buy Afgan, Persian and Turkish floor coverings.

 

However man made fibre shag pile is all the rage in leaver areas, it's the technology solution you see ????

[bomber]

57 minutes ago, CG1 Blue said:

How did the Greek crisis pass a test? I'm looking forward to this answer.... ????

greece stayed in the EU and choose to keep the euro,and that crisis was all of greece's makings and nothing to do with EU rules or regulations or having the euro as its currency,they were spending money they didnt have and deserved everything they got,same route the UK is going down except on a bigger scale.

[aright]

9 minutes ago, Grouse said:

That's what you get if you lead a Prosecco life style on Dracma wages. The Latins need to sober up.

 

 

That's water under the bridge and criticizing them for a past life style is not a solution, neither is force feeding them bread and gruel. A more inventive solution is required and as head of the Eurozone Germany should take that on otherwise...…….

[Grouse]

8 hours ago, sandyf said:

Mr Juncker was speaking on behalf of the EU27 and it says a lot if you believe them to be unelected.

EU27•5 at least I think

[tebee]

The Malign Incompetence of the British Ruling Class

 

With Brexit, the chumocrats who drew borders from India to Ireland are getting a taste of their own medicine.

 

https://www.nytimes.com/2019/01/17/opinion/sunday/brexit-ireland-empire.html

 

Britain’s rupture with the European Union is proving to be another act of moral dereliction by the country’s rulers. The Brexiteers, pursuing a fantasy of imperial-era strength and self-sufficiency, have repeatedly revealed their hubris, mulishness and ineptitude over the past two years. Though originally a “Remainer,” Prime Minister Theresa May has matched their arrogant obduracy, imposing a patently unworkable timetable of two years on Brexit and laying down red lines that undermined negotiations with Brussels and doomed her deal to resoundingly bipartisan rejection this week in Parliament