May ready for tough talks over Brexit

[SheungWan]

Breaking news:

EU said to rule out trade discussions before UK settles outstanding bills. Companies warned to prepare for there being no deal.

http://tinyurl.com/mc5go5r

Edited March 17, 2017 by SheungWan

[Khun Han]

7 minutes ago, SheungWan said:

Breaking news:

EU said to rule out trade discussions before UK settles outstanding bills. Companies warned to prepare for there being no deal.

http://tinyurl.com/mc5go5r

 

"“The situation after Brexit cannot be as profitable, as good, as the situation before Brexit,” EU Commissioner for Economic Affairs Pierre Moscovici said in a Bloomberg TV interview on Friday."

 

Good luck with that Pierre. We will be nett winners from reciprocal tarriffs. I foresee a rebellion among EU big industry even before this starts to bite. And don't bother booking any driving holidays through France .

[Khun Han]

"The EU is confident that, in the event of a U.K. departure without a deal, European demands for the country to meet its financial commitments to the bloc would be legally solid and hold up in international courts"

 

Which courts? Their own?

 

 

 

 

Edited March 17, 2017 by Khun Han

[evadgib]

35 minutes ago, SheungWan said:

Breaking news:

EU said to rule out trade discussions before UK settles outstanding bills. Companies warned to prepare for there being no deal.

http://tinyurl.com/mc5go5r

...akin to an empty bar refusing to serve Ollie Reid :)

 

If they're trying that ol' chestnut let's see their books!

Edited March 17, 2017 by evadgib

[pitrevie]

5 minutes ago, Khun Han said:

"The EU is confident that, in the event of a U.K. departure without a deal, European demands for the country to meet its financial commitments to the bloc would be legally solid and hold up in international courts"

 

Which courts? Their own?

 

 

 

 

Don't you even read what you write, its says International courts, how do the EU own those? Apart from it being located in the Hague it has nothing to do with the EU, you really are a very confused person.

[Flustered]

I understand that the game bird with a plump body and feathered legs is still warbling on about how the UK is doomed and the EU is the great savior of mankind.

 

God bless the ignore button.

 

Those of us who have lived and worked in both pre and post fall of the Berlin wall know full well that life in the western European countries was far better than it is today.

 

I see no mad rush by commerce and industry to leave the UK, just hot air and chest beating by bremoaners. I do however see massive investment from companies in America, Japan and Germany.

 

Roll on TM's announcement of article 50. It will only be onwards and upwards for the UK after that.

[Naam]

4 hours ago, manarak said:

Absolutely true! Yet this "imbalance" has nothing to do with Germany, rather the other countries should start thinking about what they are doing wrong.

By the way, Germany is not the only country with a positive inner-EU trade balance, the Netherlands are also doing well, even better than Germany:

http://ec.europa.eu/eurostat/statistics-explained/index.php/File:Intra-EU_trade_in_goods_balance_by_Member_State,_2015_(EUR_billion).png

because the Dutch would like to compete with the Germans to dominate and rule a unified Europe with the sole aim to enslave the citizens of a certain kingdom located north of France.

[Grouse]

11 hours ago, Grouse said:

https://freedocumentaries.org/documentary/bbc-the-trap-what-happened-to-our-dream-of-freedom-f-k-you-buddy-episode-1

 

This is series of 3 documentaries which are strongly recommended for contributors here.

 

It actually goes a long way toward explaining the rifts, dissatisfaction and general unhappiness of a significant proportion of UK and USA population 

 

It's all down to game theory and the abandonment of altruism and society generally. Starting with Thatcher and go through the Blair: Brown era, it's quite an eye opener.

 

Market economics, inequality, and the collapse of civil society! Pass the Prozac!

I'm taking the unusual act of reposting this. It really is worth watching I s you give a damn about what is going on....

[Naam]

2 hours ago, Khun Han said:

3 hours ago, rockingrobin said:

Toyota are in the process of upgrading all their plants, and recently announced 10 billion $ investment in the US.

And?

evidence that "240 millions minus UK subsidies minus UK tax relief = measly"

[Naam]

3 hours ago, Grouse said:

10 hours ago, Laughing Gravy said:

As for the other EU countries in the EU now I suspect that the majority were not that great, such as Poland, the Balkans (definitely wasn't) and Hungary etc.

Are you a specialist in stating the bl**ding obvious? The idea was/is to bring other countries up and thus increase the size of the market for our products (marmite?)

not only marmite but also haggis, beer without foam and bitter orange marmalade.

[oxo1947]

  The Sun newspaper has reiterated its claim that the Queen is in favour of Brexit.

.

Yeah, well because the last thing she'd want to see is for Britain to be ruled over by some bloody German woman we never voted into office in the first place.

.

......Oh wait a minute...............

[Grouse]

5 minutes ago, oxo1947 said:

  The Sun newspaper has reiterated its claim that the Queen is in favour of Brexit.

.

Yeah, well because the last thing she'd want to see is for Britain to be ruled over by some bloody German woman we never voted into office in the first place.

.

......Oh wait a minute...............

 

 

Does Murdoch still own The Sun?

 

send him to the tower for contempt of the monarch 

[SheungWan]

2 hours ago, Khun Han said:

"The EU is confident that, in the event of a U.K. departure without a deal, European demands for the country to meet its financial commitments to the bloc would be legally solid and hold up in international courts"

 

Which courts? Their own?

 

2 hours ago, pitrevie said:

Don't you even read what you write, its says International courts, how do the EU own those? Apart from it being located in the Hague it has nothing to do with the EU, you really are a very confused person.

 

The issue at hand is not about legal enforcement of payments (difficult to enforce anyway) but rather that without a promissory of those payments discussions about a trade agreement would not begin. The situation for the UK is more akin to that of Greece , whereby an EU state is being asked to comply with the application of some rules before assistance is fully engaged.

[Khun Han]

34 minutes ago, SheungWan said:

3 hours ago, pitrevie said:

Don't you even read what you write, its says International courts, how do the EU own those? Apart from it being located in the Hague it has nothing to do with the EU, you really are a very confused person.

 

The issue at hand is not about legal enforcement of payments (difficult to enforce anyway) but rather that without a promissory of those payments discussions about a trade agreement would not begin. The situation for the UK is more akin to that of Greece , whereby an EU state is being asked to comply with the application of some rules before assistance is fully engaged.

 

Somebody is confused, but it aint me. The EU has it's own procedures for dealing with international disputes, and it has been working to enhance those procedures considerably since 2015 with a new mechanism:

 

http://ec.europa.eu/trade/policy/accessing-markets/dispute-settlement/index_en.htm

 

And then there is the ECJ, which is an EU organisation made up of 28 judges, one from each member state.

 

So, which is this independant court? What's it's name?

 

And, Sheung Wan, like I said, let's see how the EU trying to play hardball over this pans out. There are already rumblings of dissent from member states and regions. And I'm pretty sure EU big industry won't see the benefits of this hardline approach, especially as they will be the biggest losers. I could easily envisage this kind of intransigence causing the EU to fracture.

[Khun Han]

1 hour ago, Naam said:

4 hours ago, Grouse said:

12 hours ago, Laughing Gravy said:

As for the other EU countries in the EU now I suspect that the majority were not that great, such as Poland, the Balkans (definitely wasn't) and Hungary etc.

Are you a specialist in stating the bl**ding obvious? The idea was/is to bring other countries up and thus increase the size of the market for our products (marmite?)

not only marmite but also haggis, beer without foam and bitter orange marmalade.

 

You're quite right Gravy. The newer EU countries have been mostly of little economic benefit to the UK, whilst sucking in most of our EU contribution (the part that isn't spent on the lavishness of the EU control centres, of course). Germany, France and Italy, on the other hand, have benefited considerably from the eastern European markets.

[Grouse]

5 minutes ago, Khun Han said:

 

You're quite right Gravy. The newer EU countries have been mostly of little economic benefit to the UK, whilst sucking in most of our EU contribution (the part that isn't spent on the lavishness of the EU control centres, of course). Germany, France and Italy, on the other hand, have benefited considerably from the eastern European markets.

Yes Han " the newer EU countries have been of little economic benefit to the U.K."; yet

 

How mean spirited. Have you no sense of altruism or philanthropy. How awful

 

Do yourself a favour and watch the documentaries on game theory I posted. You might learn something; though I wouldn't bet on it .....

[Naam]

7 minutes ago, Khun Han said:

 

You're quite right Gravy. The newer EU countries have been mostly of little economic benefit to the UK, whilst sucking in most of our EU contribution (the part that isn't spent on the lavishness of the EU control centres, of course). Germany, France and Italy, on the other hand, have benefited considerably from the eastern European markets.

whereas the Brits never benefitted in more than four decades of EU-membership. they just paid and paid and never got a single penny's worth back.

 

next!

[pitrevie]

6 hours ago, Khun Han said:

 

Somebody is confused, but it aint me. The EU has it's own procedures for dealing with international disputes, and it has been working to enhance those procedures considerably since 2015 with a new mechanism:

 

http://ec.europa.eu/trade/policy/accessing-markets/dispute-settlement/index_en.htm

 

And then there is the ECJ, which is an EU organisation made up of 28 judges, one from each member state.

 

So, which is this independant court? What's it's name?

 

And, Sheung Wan, like I said, let's see how the EU trying to play hardball over this pans out. There are already rumblings of dissent from member states and regions. And I'm pretty sure EU big industry won't see the benefits of this hardline approach, especially as they will be the biggest losers. I could easily envisage this kind of intransigence causing the EU to fracture.

Lets try again you said that the dispute would be referred to an international court. The ECJ is not an international court it is a European Court its made up of judges from European countries so I am assuming that any dispute referred to an International Court would be referred to the ICJ (which has judges from all over the world) not the ECJ which is an entirely different body of jurists, its international not European. and the courts are even located in different countries.

 

Britain would still be bound by the judgments of international courts under any serious international free trade agreement with other countries, a leading legal academic has warned MPs. Professor Michael Dougan, one of the UK’s foremost authorities on European law, warned that Britain would still have to be overruled by a court in Luxembourg if it wanted to retain access to the European single market.

[Laughing Gravy]

12 hours ago, Grouse said:

Are you a specialist in stating the bl**ding obvious? The idea was/is to bring other countries up and thus increase the size of the market for our products (marmite?)

Well if you read why I mentioned this was due to another poster saying that many countries in theEU at the time where better than the UK. I as you have said, stated the bl---ding obvious it was not to the poster in question who I can see now lives in La La land, Besides West Germany, East Germany was a mess, the other countries of France, Spain and Greece where way behind the UK. Having lived in all of these countries I mentioned at the time,I believe I can qualify for an opinion.

Edited March 18, 2017 by Laughing Gravy

[Laughing Gravy]

7 hours ago, Khun Han said:

 

You're quite right Gravy. The newer EU countries have been mostly of little economic benefit to the UK, whilst sucking in most of our EU contribution (the part that isn't spent on the lavishness of the EU control centres, of course). Germany, France and Italy, on the other hand, have benefited considerably from the eastern European markets.

Very true and it would seem that if the UK stayed in the EU they would be contributing for some considerable time for these countries, if ever to catch up. I don't see masses of UK citizens going to Poland, Bulgaria, Hungary, Romania etc to sign on the dole for benefits, get their kids to school or even to work. Brits go to Spain to work or retire. Why are there so many Spanish and Greeks working in the UK? because there are no jobs in their own countries. I have no issues with people coming to the UK to work. Like myself here in Thailand, I am here because I have the necessary qualifications, experience and a Thai can't do the job. I have to get a visa every year and my credentials are checked and scrutinized. Fair enough.

 

If I don't have a job I don't get any benefits and I have to leave the country. I am contributing to the Thai economy. So what is wrong with all that and why shouldn't the UK do something similar. All because the EU won't allow it. So once them shackles have gone and the UK is out it can make its own decisions. Seems reasonable and right and if any country have workers who can do the job then fine, although I still feel priority should be given to the UK people first.

[i claudius]

8 hours ago, Naam said:

whereas the Brits never benefitted in more than four decades of EU-membership. they just paid and paid and never got a single penny's worth back.

 

next!

 

We benifited ,"not a lot" from the E.U as far as i can see we abided by every rule while most of the other country's just did as they pleased ,France being one of the main ones doing this .

[pitrevie]

21 minutes ago, i claudius said:

 

We benifited ,"not a lot" from the E.U as far as i can see we abided by every rule while most of the other country's just did as they pleased ,France being one of the main ones doing this .

Yep when we joined our economy was such a rip roaring success and the EU dragged us down. As for abiding by every rule I seem to recall that we asked for a lot of special treatment and exemptions.

[rockingrobin]

34 minutes ago, i claudius said:

 

We benifited ,"not a lot" from the E.U as far as i can see we abided by every rule while most of the other country's just did as they pleased ,France being one of the main ones doing this .

Can you expand ' We benifited ,"not a lot" ' and say in which areas

I see foreign companies investing in the UK,(Carmakers, pharmaceuticals, fintech), the financial capital of the world and the 4/5th best economy

[nontabury]

9 hours ago, Naam said:

whereas the Brits never benefitted in more than four decades of EU-membership. they just paid and paid and never got a single penny's worth back.

 

next!

And what percentage of Britains contributions, did Britain receive back.

But don't worry,when the U.K. is free of this so called Union, Germany will be expected to take up the slack.

[Naam]

1 hour ago, pitrevie said:

1 hour ago, i claudius said:

 

We benifited ,"not a lot" from the E.U as far as i can see we abided by every rule while most of the other country's just did as they pleased ,France being one of the main ones doing this .

Yep when we joined our economy was such a rip roaring success and the EU dragged us down. As for abiding by every rule I seem to recall that we asked for a lot of special treatment and exemptions.

not  only asked but also got special treatment and exemptions.

[rockingrobin]

19 minutes ago, nontabury said:

And what percentage of Britains contributions, did Britain receive back.

But don't worry,when the U.K. is free of this so called Union, Germany will be expected to take up the slack.

This may provide some insight

http://www.inet.ox.ac.uk/news/Brexit

[Grouse]

 
We benifited ,"not a lot" from the E.U as far as i can see we abided by every rule while most of the other country's just did as they pleased ,France being one of the main ones doing this .

It's quite frightening that we are being led in the wrong direction by people who are so ill informed. I would not feel so bad if Brexiteers had a good grasp of the facts


Sent from my iPhone using Thaivisa Connect

[Naam]

23 minutes ago, rockingrobin said:

This may provide some insight

http://www.inet.ox.ac.uk/news/Brexit

Quote

Sir, Boris Johnson  recently asserted that the “EU is a graveyard of low growth”. This claim merits proper examination to determine, precisely, how the UK, US, Germany and France have done since 1973, the year in which the UK joined the EU. 

 

Per capita GDP of the UK economy grew by 103%, exceeding the 97% growth of the US. Within the EU, the UK edged out Germany (99%) and clobbered France (74%).

all said nothing to add!

[Grouse]

This may provide some insight
http://www.inet.ox.ac.uk/news/Brexit

Excellent article


Sent from my iPhone using Thaivisa Connect

[Naam]

2 minutes ago, Grouse said:

2 hours ago, i claudius said:

 
We benifited ,"not a lot" from the E.U as far as i can see we abided by every rule while most of the other country's just did as they pleased ,France being one of the main ones doing this .

It's quite frightening that we are being led in the wrong direction by people who are so ill informed. I would not feel so bad if Brexiteers had a good grasp of the facts

the problem is that people are informed lopsided from parties with an agenda. that applies to all, not only to "Brexiteers" but also to "Bremainers". factual information is avalaible galore, but research takes time. i admit it's easier for those of us who are active investors to be informed because that's what we are forced to do each and every day.