The Brexit Consequences Thread

It would appear that at least one German MEP is viewing the coming events with some apprehension as a no deal looms.

What he also points out is how when the UK leaves the EU, France will become more powerful. Our seats will be distributed to other countries leaving Germany, the biggest contributor with even less of a say in how its money is spent, and more at the mercy of the less productive members of the Union

The EU has become even more structually unsound, with our departure. The finances had a black hole and now with the hefty costs of the corona hitting every MS finance minister, the situation is critical.... The EU like any behemoth is so large it doesn't really feel pain for a long time and it will be interesting to watch the union arrive at the realisation that everything has turned to s***.

Its ironic all the talk of free movement and outsourcing problems from the national to international. Corona has taught us the very oldest of lessons, that when the chips are down all you can rely on is yourself, family and your nation state.
 
Big shortfall in EU coffers with UK departing, unprecedented expenditure by every MS at the same time as tax receipts dwindled to zero for three months, and the EU asking for more..........the EU response is more debt, and increased pressure on the EU27 to mutualize so as to ensure debt is both accessable and keenly priced. Ergo, the principal obligor becomes the one likely to default last..........i.e. Germany. Binning the EU fiscal compact, as has already happened, can only take you so far, sovereign spreads are widening, adding more pressure to mutualize.

It ain't going to be pretty, and makes the UK's problems manageable by comparison.
 
Big shortfall in EU coffers with UK departing, unprecedented expenditure by every MS at the same time as tax receipts dwindled to zero for three months, and the EU asking for more..........the EU response is more debt, and increased pressure on the EU27 to mutualize so as to ensure debt is both accessable and keenly priced. Ergo, the principal obligor becomes the one likely to default last..........i.e. Germany. Binning the EU fiscal compact, as has already happened, can only take you so far, sovereign spreads are widening, adding more pressure to mutualize.

It ain't going to be pretty, and makes the UK's problems manageable by comparison.
1590059816321.png
 
It would certainly appear that a very different aspect is now appearing of just who needs who.


That dreadful whining remainer refrain of 'we are all doomed if we leave’ would seem to be exactly what it was.

Dreadful whining.

Their sarcy and pathetic little rejoinders now, just that.

Pathetic whining.
 

Grumblegrunt

LE
Book Reviewer
The EU has become even more structually unsound, with our departure. The finances had a black hole and now with the hefty costs of the corona hitting every MS finance minister, the situation is critical.... The EU like any behemoth is so large it doesn't really feel pain for a long time and it will be interesting to watch the union arrive at the realisation that everything has turned to s***.

Its ironic all the talk of free movement and outsourcing problems from the national to international. Corona has taught us the very oldest of lessons, that when the chips are down all you can rely on is yourself, family and your nation state.
europe is large the EU isn't but the EU will not feel europes pain it will just demand more money from it.

the EU is not europe and never will be.
 

skid2

LE
Book Reviewer
Thanks.......I think?


Gove confirms that the UK Government will cover all additional tariff and administrative costs incurred in a no-deal situation in Northern Ireland. Brexit is on course to cost the UK more than its combined total of payments to the EU budget over the past 47 years. #Brexit
 
Thanks.......I think?


Gove confirms that the UK Government will cover all additional tariff and administrative costs incurred in a no-deal situation in Northern Ireland. Brexit is on course to cost the UK more than its combined total of payments to the EU budget over the past 47 years. #Brexit
It wasn't ever about saving money, was it?
 

New Posts

Top