The Brexit Consequences Thread

But the German constitutional court is the ultimate arbiter of whether the German constitution is being infringed. And could throw a large spanner into the works by stating that - legally - it is. In which case, the only option open to the German parliament would be a referendum to change the constitution. Which in turn might result in two fingers from the electorate.

Wordsmith
Now that will open a can of worms from the ECJ Which incidentally the the German Government signed up to and remember it was Merkel who said she would totally resign German Sovereignty to the EU with reference to securing the EUro back in ‘O8
 

Wordsmith

LE
Book Reviewer
My fear is that they have already decided to follow the "Whatever it takes approach". This is then packaged in small, handy, easily digestible 750 milliard bites and everyone is happy. Juncker didn't announce the following in 1999: "We decide on something, then put it in the room and wait a while to see what happens. If there is no great shouting and no riots, because most people don't even understand what has been decided, then we continue - step by step, until there is no turning back." for nothing.

That's the way it's going to be with the "Ever closer Union"
After all it is only the taxpayers money.
The problem is this:

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There is a huge bill inbound either to save the euro or resulting from its disintegration. Of which 750 billion euros will be a mere drop in the ocean. I've been forecasting for years that the next recession will finish off the euro - and now that recession is here. Within 6 - 12 months the interest rates for Italian sovereign debt will be climbing to unaffordable levels and Italy will be travelling down the well-trodden path followed by Greece, Portugal, Cyrpus, Ireland and (partially) Spain in the last recession. With the added bonus that an Italian banking failure is liable to bring down the French banking system as well. That bill is not going to be easily digestible - more like indigestible.

Serendipity it may be, but we're leaving the EU just in time to avoid the EU trying to gouge us for funds to sort out the impending fuster cluck. Which is going to require a truckload of popcorn to watch..

Wordsmith
 
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Serendipity it may be, but we're leaving the EU just in time to avoid the EU trying to gouge us for funds to sort out the impending fuster cluck. Which is going to require a truckload of popcorn to watch..
Serendipitous it might be for those seeking a way out of the current EU cluster F****. Especially if those searching want to come to a separate deal with us. Remember the EU controls trade deals :oops:
 

Wordsmith

LE
Book Reviewer
Serendipitous it might be for those seeking a way out of the current EU cluster F****. Especially if those searching want to come to a separate deal with us. Remember the EU controls trade deals :oops:
We run a £72 billion a year trade deficit with the EU. Given companies will be scrabbling for business in the upcoming recession in order to stay afloat, the EU will come under immense pressure to sight a FTA. Or watch that £72 billion worth of trade deficit gradually snaffled up by other countries.

Personally, I'd be happy if BoJo applied a bit of covert protectionism over the next couple of years in the guise of negotiating a FTA with the EU - that trade deficit is potentially business that can be picked up by UK firms if mutual tariffs go up.

Wordsmith
 
Maybe he has a point. The woman is just intangible, indifferent, slippery as an octopus. She likes to turn her flag according to the wind and is totally colourless. What she likes to do is kowtow to any dictator.
You forgot the bit about how she consistently and ruthlessly removes anyone who looks like they might replace her. She is Bundeskanzlerin on 26% of the votes cast at the last general election: That is political manoeuvring of the finest sort.
 
It does now though...
It doesn't though really. In order to grow the demand for the increasing supply created by the almost uninterrupted Wirtschaftswunder since the 1960's, Germany was instrumental in the 'Common Market'. Every step of the way they have been among the prime movers for reduction of tariffs, frictionless borders and standardised industrial norms. In more recent decades they have primed the economic pump with unbelievably enormous loans (And staggering levels of corruption) to potential customers in order to keep the Junkers' order books full and the cash flowing through the veins of their economy. Now they can't stop or everything comes crashing down. The wheels have to spin ever faster just to keep up. They have no choice and no obvious path to redemption in the near future.
 
It doesn't though really. In order to grow the demand for the increasing supply created by the almost uninterrupted Wirtschaftswunder since the 1960's, Germany was instrumental in the 'Common Market'. Every step of the way they have been among the prime movers for reduction of tariffs, frictionless borders and standardised industrial norms. In more recent decades they have primed the economic pump with unbelievably enormous loans (And staggering levels of corruption) to potential customers in order to keep the Junkers' order books full and the cash flowing through the veins of their economy. Now they can't stop or everything comes crashing down. The wheels have to spin ever faster just to keep up. They have no choice and no obvious path to redemption in the near future.
Something that both the Guardian and Independent see fit to ignore.
 
Brexit: Get ready because this time it’s for real

Brexit: Get ready because this time it’s for real

What the government makes clear here is that there will be no last minute reprieve this time. Businesses used to hearing how they should rush to get ready only to have the reality postponed will get a nasty shock if they adopt that attitude this time around.​
I am sure somebody has been telling us repeatedly that this Brexit mullarkey was just a panto... nothing serious or life changing sort of stuff.
 
Brexit: Get ready because this time it’s for real

Brexit: Get ready because this time it’s for real

What the government makes clear here is that there will be no last minute reprieve this time. Businesses used to hearing how they should rush to get ready only to have the reality postponed will get a nasty shock if they adopt that attitude this time around.​
BL will along in a second to tell you that it won't be happening and that Brexit will be reversed imminently. For a man so well versed in strategy, he is quite simply unable to comprehend the mistakes that the EU have made every step of the way. He is the best CGS that the Army never had! :-D
 
But the German constitutional court is the ultimate arbiter of whether the German constitution is being infringed. And could throw a large spanner into the works by stating that - legally - it is. In which case, the only option open to the German parliament would be a referendum to change the constitution. Which in turn might result in two fingers from the electorate.

Wordsmith
Almost as if you managed to not see or comprehend the HS2 decision and obiter isn't it?
 

Wordsmith

LE
Book Reviewer
BL will along in a second to tell you that it won't be happening and that Brexit will be reversed imminently. For a man so well versed in strategy, he is quite simply unable to comprehend the mistakes that the EU have made every step of the way. He is the best CGS that the Army never had! :-D
BL is reminiscent of the madman who repeatedly banged his head against the wall.

When asked why he did it, the madman replied "it's such fun when I stop..."

Wordsmith
 

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