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What now for the EU ?

I fart in the EUs face!


Commercial and Economic Relations
Canada and the United Kingdom have enjoyed a long and strong commercial relationship.

The UK is Canada’s most important commercial partner in Europe and our fifth largest globally. Two way merchandise trade in 2019, reached $29.04 billion.


The UK is an important source of foreign direct investment for Canada, ranking fourth after the United States, the Netherlands, and Luxembourg. There are more than 700 UK firms that have a presence in Canada that continue to contribute to our growing economy. The UK is Canada’s second most important destination for investment abroad. There are more than 1100 UK firms owned or controlled by Canadian interests. Canada and the UK have strong partnerships in science, technology and innovation. There are many links between Canadian and UK researchers, universities, funding agencies, commercialization groups, and companies. The research priorities of both countries have much in common. We tend to concentrate resources in large, collaborative, interdisciplinary programmes that meet global societal and economic challenges. These programmes include ageing, climate change, science/green technologies, energy, and food and water security. Other priority areas for collaboration include medical research, aerospace and defence, ocean technologies, nanotechnology, and polar science. This collaboration is reinforced by the MoU on Science, Technology, and Innovation announced in 2017.

 

HCL

Old-Salt
I fart in the EUs face!


Commercial and Economic Relations
Canada and the United Kingdom have enjoyed a long and strong commercial relationship.

The UK is Canada’s most important commercial partner in Europe and our fifth largest globally. Two way merchandise trade in 2019, reached $29.04 billion.


The UK is an important source of foreign direct investment for Canada, ranking fourth after the United States, the Netherlands, and Luxembourg. There are more than 700 UK firms that have a presence in Canada that continue to contribute to our growing economy. The UK is Canada’s second most important destination for investment abroad. There are more than 1100 UK firms owned or controlled by Canadian interests. Canada and the UK have strong partnerships in science, technology and innovation. There are many links between Canadian and UK researchers, universities, funding agencies, commercialization groups, and companies. The research priorities of both countries have much in common. We tend to concentrate resources in large, collaborative, interdisciplinary programmes that meet global societal and economic challenges. These programmes include ageing, climate change, science/green technologies, energy, and food and water security. Other priority areas for collaboration include medical research, aerospace and defence, ocean technologies, nanotechnology, and polar science. This collaboration is reinforced by the MoU on Science, Technology, and Innovation announced in 2017.


Don't forget, they also sent us Higsy.
 

Wordsmith

LE
Book Reviewer
Meanwhile, on Planet Euro. (With it's orbiting moon, Christine Lagarde)

The European Central Bank is increasingly worried that economic damage from Covid-19 could mutate into a full-blown financial crisis, setting off a second downward leg in the recession and deep scarring of the productive system...Her tone was a crystal clear message to governments that circumstances have suddenly become more treacherous and that double-barreled fiscal and monetary support is urgently needed, with national treasuries carrying most of the burden.
The EU is about to deploy the magic money tree to try and save the euro. The Telegraph doesn't think this will be successful:
It is unclear whether the ECB's ritual moves have much more efficacy than a rain dance at this juncture.
And here's part of the reason:
Inflation has dropped to minus 0.3pc. Lagarde insisted vehemently that there is no deflation “at all” in the eurozone, sticking to the house mantra that the region is merely going through a bout of “negative inflation”.
Leaving aside the comedy of Lagarde trying to avoid the 'D' word, deflation can be corrosive on the pubic finances. Firstly, knowing that prices may be lower the following month, people put off purchases, hoping to pick up things cheaper - making the deflation worse. And deflation hits the tax take. If prices fall - so does the income from taxes such as VAT. Which leaves governments less able to service their rapidly growing debts.

In summary:
The ECB’s chief regulator, Andrea Enria, warned this week that non-performing loans (NPLs) in the eurozone could surge to €1.4 trillion in a “plausible scenario”, dwarfing losses seen after the Lehman crisis. He called for a pan-eurozone "bad bank" to clean up balance sheets and recapitalise troubled lenders. The International Monetary Fund said in its Stability Report that a double-dip downturn could set off a cascade of bankruptcies and blow through the loss-absorbing buffers of the banks, with contagion ripping through “the entire financial system”.

English translation - the impending European lockdowns may put the euro into the intensive care ward.

Wordsmith
 
I fart in the EUs face!


Commercial and Economic Relations
Canada and the United Kingdom have enjoyed a long and strong commercial relationship.

The UK is Canada’s most important commercial partner in Europe and our fifth largest globally. Two way merchandise trade in 2019, reached $29.04 billion.


The UK is an important source of foreign direct investment for Canada, ranking fourth after the United States, the Netherlands, and Luxembourg. There are more than 700 UK firms that have a presence in Canada that continue to contribute to our growing economy. The UK is Canada’s second most important destination for investment abroad. There are more than 1100 UK firms owned or controlled by Canadian interests. Canada and the UK have strong partnerships in science, technology and innovation. There are many links between Canadian and UK researchers, universities, funding agencies, commercialization groups, and companies. The research priorities of both countries have much in common. We tend to concentrate resources in large, collaborative, interdisciplinary programmes that meet global societal and economic challenges. These programmes include ageing, climate change, science/green technologies, energy, and food and water security. Other priority areas for collaboration include medical research, aerospace and defence, ocean technologies, nanotechnology, and polar science. This collaboration is reinforced by the MoU on Science, Technology, and Innovation announced in 2017.

I’m sure someone will be along soon to tell you that the likes of Canada are irrelevant in the grand scale of things, just like access to UK fishing waters which also add little to the economy...... apparently...
 
You couldnt make this shiote up.....then again it is the EU.


Sent from my SM-G935F using Tapatalk
WTF??!

Sent from my SM-G973F using Tapatalk
 
WTF??!

Sent from my SM-G973F using Tapatalk

The UK Animal Husbandry and, Farming standards have been superior to the EU's shocking lip service paid to both,for decades.

The myth that the EU standards on most things are higher than the UK is exactly that,a myth !

They will also find that the old joke about French Lamb is true, something else our gallic cousins will miss.

Maybe all the Michelin Starred Chefs will finally find out that...French Lamb really is crap and, all the delicious stuff came from the UK and, just spent the requisite 24 hrs in some French field ? ;)
 
Posted by Joe Civvy in another thread, but just as relevant here regarding pension contributions and the new wave of immigrants in the Fatherland.


Basically he is saying that Achmed or Mohammed is not interested in providing a pension for Fritz or Hans in their old age. He is looking out for himself and his fellow travellers first.
As most of us who have been to various dusty sh1tholes of the world have seen, actual physical work is not something males from certain countries actively seek out to support their families.
I also include the Gaza Strip (Edgware Road, London W2) in that assessment.

The author clearly has his own agenda in this article, but so much of it rings true to me.
It isn't just a series of mere coincidences.
An awful lot of european politicians are dreaming wistfully if they think that immigration of people from one of the most work-shy regions of the world is going to provide for Helmut, Fritz or Jean-Francois.
Really?
1604085242792.png



 
By ignoring a vacuous article which should have been headlined 'Something May Have Happened'?

Thank God we have you, Last Word Guy . . .
I was talking about the other articles Cyclops.
 

WightMivvi

Old-Salt
It needs to be understood that the pound dropped by 20% on day one, think of the net effect on everything. It has yet to make a full recovery. The bill for brexit is racing towards £200bn and we are still in the transition period. Next year when the sh-t hits the fan those figures in the table will probably look optimistic.
Yes and no.

If Brexit had not happened, it is very likely that the Pound would have to be devalued by up to 20% if the British economy was to remain competitive.

Throughout 2014, the financial experts were suggesting that the pound was over-valued, and a devaluation by 10% would be a good thing for the British economy.

In early 2015, the IMF said the Pound may even by 20% overvalued.

Devaluation of the Pound (and what you claim is the resulting loss) was inevitable and possibly desirable during 2015. That was because of the UK’s economy realities (balance of trade, interest rates, government spend and debt etc.).

The Pound needed a reset, the Pound was due a reset, the Pound was going to get a reset. Brexit merely bought it forward a few months.

Brexit is the excuse, not the cause.
 
Does my Cameron EU booklet count as "propaganda" by the way?

I had it filed under "bollox"
You were meant to read it?
I thought it was a free fire starter for my wood burner
 
WTF??!

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It's unlike Guido to not tell the full story isn't it?

The UK now has two months to take the necessary measures to comply with this letter, otherwise the Commission may send a reasoned opinion.


Press corner

It's fairly standard stuff and will in all probability have "nil" effect,
 
It's fairly standard stuff and will in all probability have "nil" effect

A bit like this then;

European Commission president Ursula von der Leyen said the bloc has sent a letter of formal notice to No10, the first step in an infringement process.


The letter gives the UK has one month to respond over a potential breach of the Brexit withdrawal agreement.

She said: "We had invited our British friends to remove the problematic parts of their draft Internal Market Bill by the end of September.

"This draft bill is, by its very nature, a breach of the obligation of good faith laid down in the Withdrawal Agreement.
"Moreover, if adopted as is it will be in full contradiction of the protocol on Ireland/Northern Ireland.

"The deadline lapsed yesterday, the problematic provisions have not been removed.

"Therefore this morning the commission have decided to send a letter of formal notice to the UK Government. This is the first step in an infringement procedure."

"The commission will continue to work hard towards a full and timely implementation of the Withdrawal Agreement," she said.


"We stand by our commitments."

No10 said in a statement: “We will respond to the letter in due course.
 

philc

LE
What objective did they achieve? Apart from relieving a lot of people of some money?


This is an article nearly a year old after the last election, so Nigel has reduced his staffing level due to poor than expected results, guess what Boris hovered up, do keep up.

Meanwhile the EU are about to relive the people of a lot more.
 
Yes and no.

If Brexit had not happened, it is very likely that the Pound would have to be devalued by up to 20% if the British economy was to remain competitive.

Throughout 2014, the financial experts were suggesting that the pound was over-valued, and a devaluation by 10% would be a good thing for the British economy.

In early 2015, the IMF said the Pound may even by 20% overvalued.

Devaluation of the Pound (and what you claim is the resulting loss) was inevitable and possibly desirable during 2015. That was because of the UK’s economy realities (balance of trade, interest rates, government spend and debt etc.).

The Pound needed a reset, the Pound was due a reset, the Pound was going to get a reset. Brexit merely bought it forward a few months.

Brexit is the excuse, not the cause.
Mythology is alive and well.
 

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