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originally posted by: Agit8dChop
Yeah right, because before 1993 there was no Euro..
Britain haven't even adopted the 'Euro' currency.
originally posted by: Agit8dChop
Britain is seen as one of the most important nations on earth and has been for quite some time.
nah, really? Not sure what your point is with this one.
originally posted by: Agit8dChop
Britain speaks English and is land locked by water
originally posted by: Agit8dChop
Britain doesn't need Europe
originally posted by: Agit8dChop
Sure, the TV will go ballsout crazy about how Brexit will end life in our universe... and the stock markets will react, strangely... but - after a short period it will normalize and then start improving, surpassing the Euro Status
originally posted by: SprocketUK
As for food shortages here, for that to happen, we need to massively slow down the entry of trucks and ships carrying it and for prices to rise, we need that plus tariffs.
Those two things are all down to our government, no one in the world can make us slap tariffs on goods once we are out of the EU and similarly, no one can make is delay trucks coming in.
So if it happens, we will know exactly who to blame.
The euro should now be recognized as an experiment that failed. This failure, which has come after just over a dozen years since the euro was introduced, in 1999, was not an accident or the result of bureaucratic mismanagement but rather the inevitable consequence of imposing a single currency on a very heterogeneous group of countries.
The political goal of creating a harmonious Europe has also failed. France and Germany have dictated painful austerity measures in Greece and Italy as a condition of their financial help, and Paris and Berlin have clashed over the role of the European Central Bank (ECB)and over how the burden of financial assistance will be shared.
The initial impetus that led to the European Monetary Union and the euro was political, not economic. European politicians reasoned that the use of a common currency would instill in their publics a greater sense of belonging to a European community
German Chancellor Konrad Adenauer told a French politician that individual European states would never be leading global powers, but "there remains to them only one way of playing a decisive role in the world; that is to unite to make Europe. . Europe will be your revenge."The European Commission cast this arrangement as a steppingstone toward greater political unity and made the specious argument that the free-trade area could succeed only if its member countries used a single currency. (There is, of course, nothing in economic logic or experience that implies that free trade requires a single currency. The North American Free Trade Agreement, for example, has stimulated increased trade without anyone thinking that the United States, Canada, and Mexico should have a single currency.)
And because of the large size of the German economy relative to others in Europe, the ECB's monetary policy must give greater weight to conditions in Germany in its decisions than it gives to conditions in other countries.
Merkel, who want to use the current crisis to advance the development of a political union. They call for a fiscal union in which those countries with budget surpluses would transfer funds each year to the countries running budget deficits and trade deficits. In exchange for these transfers, the European Commission would have the authority to review national budgets and force countries to adopt policies
originally posted by: bastion
Shows how little attention to detail the Gov have spent on such critical matters - but on the plus side nearly all the elderly/baby boomers will die off (the only people who wanted to leave the EU).
originally posted by: paraphi
Well if the EU are spiteful enough to stop the transfer of medicines to the NHS then that shows them up for what they really are. Noting that the UK has said that trade in the other direction will be unhindered - unless it's stopped on the other side of the channel. If it's stopped then citizens across the EU will be impacted. Do the EU care for nothing?
originally posted by: gortex
a reply to: OtherSideOfTheCoin
Largest economies in Europe.
1st Germany
2nd United Kingdom
3rd France
originally posted by: paraphi
Well if the EU are spiteful enough to stop the transfer of medicines to the NHS then that shows them up for what they really are. Noting that the UK has said that trade in the other direction will be unhindered - unless it's stopped on the other side of the channel. If it's stopped then citizens across the EU will be impacted. Do the EU care for nothing?
originally posted by: Whodathunkdatcheese
One thing we never made clear was what Brexit meant.