Brexit Deal

Wattie

Member
Messages
8,640
This collapsing Eurozone is something that its put about by the Brexit supporters but as with the benefits of Brexit is appears to be faith and belief based rather than reality based.
So one viable reason, that has an actual, demonstrable, net benefit on the UK if you please?
Rather than reality based......
Yup, that about sums up the parallel universe you live in.

Hilarious.
Why in that case does it need constant ECB intervention if everything is just fine, Mr Finance?
 

MrMickS

Member
Messages
3,951
Rather than reality based......
Yup, that about sums up the parallel universe you live in.

Hilarious.
Why in that case does it need constant ECB intervention if everything is just fine, Mr Finance?

Typical response Wattie. Pick on the bit you want to answer but avoid the real question:

So one viable reason that has an actual, demonstrable, net benefit on the UK if you please?
 

Wattie

Member
Messages
8,640
Rather than reality based......
Yup, that about sums up the parallel universe you live in.

Hilarious.
Why in that case does it need constant ECB intervention if everything is just fine, Mr Finance?
And while you’re at the above you can maybe explain what’s going on with the latest Deutsche Bank cover up.....restructuring.

Ps, you’ll find some “reality Deutsche Bank” clues elsewhere in this forum.
 

Wattie

Member
Messages
8,640
Typical response Wattie. Pick on the bit you want to answer but avoid the real question:

So one viable reason that has an actual, demonstrable, net benefit on the UK if you please?
Typical response, ignore reality.
I answered your question, but apparently you want to ignore it. I also asked you “two” that that you’ve ignored too.
 
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MrMickS

Member
Messages
3,951
Typical response, ignore reality.
I answered your question, but apparently you want to ignore it. I also asked you “two” that that you’ve ignored too.

So your answer is that the only benefit to leaving the EU is that it's on the verge of collapse and we need to get out before it does?

I concede that the impact of a collapse of the EU would be great but this would be felt at a world level and would impact us regardless of whether we are members of the EU or not. The UK isn't a member of the Eurozone so our currency would be safe, but the trade impact would be massive. This is regardless of whether we are in the EU or not.

What's the likelihood of the total collapse of the EU, rather than ECB? Not very, given the way that the last banking crisis was handled. It would be painful, especially for the Eurozone countries, but would all of the trade agreements etc suddenly disappear? Doubtful.

So high impact, low risk. The impact would be the same whether we are in the EU or not.

What is the benefit to the UK of Brexit in this scenario?
 

MrMickS

Member
Messages
3,951
thread drift, do you still have the Willys, my farther bought one a couple of years ago, bloody good fun to drive and remarkably civilised/comfortable

Sadly I don't. It was the first car I bought in the mid-80's. Sold it for more than I bought it for in the early 2000's but nothing like they are going for now.
 

lifes2short

Member
Messages
5,821
Sadly I don't. It was the first car I bought in the mid-80's. Sold it for more than I bought it for in the early 2000's but nothing like they are going for now.

yup, the good examples are now going for fairly big money, but then everything collectable in the classic car market has gone crazy price wise
 

Wattie

Member
Messages
8,640
So your answer is that the only benefit to leaving the EU is that it's on the verge of collapse and we need to get out before it does?

I concede that the impact of a collapse of the EU would be great but this would be felt at a world level and would impact us regardless of whether we are members of the EU or not. The UK isn't a member of the Eurozone so our currency would be safe, but the trade impact would be massive. This is regardless of whether we are in the EU or not.

What's the likelihood of the total collapse of the EU, rather than ECB? Not very, given the way that the last banking crisis was handled. It would be painful, especially for the Eurozone countries, but would all of the trade agreements etc suddenly disappear? Doubtful.

So high impact, low risk. The impact would be the same whether we are in the EU or not.

What is the benefit to the UK of Brexit in this scenario?
Hang on, your question was
‘I'm waiting for a Brexit support to come up with any benefits of leaving”
Any.
I gave u one.
You’ve now turned that into the “only”.
Here’s another.
Democracy is fecked under Europe. See the latest Juncker replacement farce.... not even on the election vote,takes over, and
she wants “more Europe”
“German Defense Minister Ursula von der Leyen, nominated to be the next President of the European Commission, has called for the creation of a European superstate. "My aim is the United States of Europe..." she said in an interview with Der Spiegel. She has also called for the creation of a European Army”

Im beginning to think democracy is fecked in the Uk too.
Honestly,I can’t be arsed anymore.
Whatever, 17.4m leave.
Less voted stay.
Suck it up.
 

MrMickS

Member
Messages
3,951
Hang on, your question was
‘I'm waiting for a Brexit support to come up with any benefits of leaving”
Any.
I gave u one.
You’ve now turned that into the “only”.
Here’s another.
Democracy is fecked under Europe. See the latest Juncker replacement farce.... not even on the election vote,takes over, and
she wants “more Europe”
“German Defense Minister Ursula von der Leyen, nominated to be the next President of the European Commission, has called for the creation of a European superstate. "My aim is the United States of Europe..." she said in an interview with Der Spiegel. She has also called for the creation of a European Army”

Im beginning to think democracy is fecked in the Uk too.
Honestly,I can’t be arsed anymore.
Whatever, 17.4m leave.
Less voted stay.
Suck it up.

I asked for any benefit. I then took your benefit, did some risk/impact analysis on it, and can't see how leaving the EU is a benefit in that scenario. Of course, you've gone off to other fears. Things that would require a change to the EU constitution based on the Lisbon treaty and over which the UK, at present, has a veto.

I'm after a single, real, concrete, benefit for Brexit. One that stands up to analysis.

The vote was to leave the EU. It has become clear that that means different things to different people, hence the inability to actually get an agreement to leave passed. The deal negotiated by May is the best we are going to get. If we are going to leave it should be with that deal as it provides a transition period that will minimise the impact on both sides and allow us to get replacement trade etc measures in place. The backstop in the agreement, which is the sticking point for some, was something that the British government asked for in order to deal with the issues around the Good Friday agreement and an open border in Ireland.

The May deal isn't the end point. It's the starting point. Once the alternative measures for managing goods coming over the border are in place, something that is forecast by a company bidding for the work said could take 3 years. Then it would be done. If the EU are intransigent at that point and act in bad faith we can get out with no penalty. In the meantime we can just get on with living.

OMG. I may be back on the original topic. That'll never do.

PS. I didn't equate all Brexit supporters with Nazis just the undemocratic Brexit Party Limited.
 

Wattie

Member
Messages
8,640
I don’t care about your “analysis”.
It’s irrelevant.
The fact that you think Mays deal was the best disturbs me.
I’m not wasting anymore time.
She’s gone.
We’re going.
I’m off to bed, gnight.
 

Wanderer

Member
Messages
5,791
The Leader of the Opposition? He's supposed to present a challenge to the Government not with himself...useless man and more to the point dangerous.
I think he is great on social policy, rank poor on political machination'ing. Hopefully in power he will stick to the former and let Starmer do the latter and the clever stuff. Anything has to be better than The Boris or The Cúnt, that's for sure.

Spent the week in France in a combined Irish/Polish and French crowd and still none of the Johnny Foreigners could believe that 1. We voted to leave, and 2. We even fecked that up.

Has anyone considered we might need EU 'control' to stop ourselves imploding?
 

midlifecrisis

Member
Messages
16,102
Has anyone considered we might need EU 'control' to stop ourselves imploding?
This is the time when your mates sit you down and do the 'you need to sort yourself out' intervention otherwise 'you'll be fecked` meanwhile, the superpower sharks of China,, Putin and Trump smell blood.
 

conaero

Forum Owner
Messages
34,593
I see Deutsche Bank have started laying off staff, Eurozone given all they are going to give...hold on it’s going to be quite a ride!
 

midlifecrisis

Member
Messages
16,102
I see Deutsche Bank have started laying off staff, Eurozone given all they are going to give...hold on it’s going to be quite a ride!
But that was mainly because deutsche Bank and commerzebank wanted to merge due to financial issues in Germany. The government stopped the merger
 

Wattie

Member
Messages
8,640

Its creating a "bad bank" to hold "74 billion euros of risk-weighted assets".
Risk weighted- means utterly worthless sh1te which is why its the most systemically dangerous bank in the world according to the IMF.
58171

This is worth a read, https://www.zerohedge.com/news/2019...will-likely-lead-us-and-global-banking-crisis.
Deutsche is a barometer for exactly how bad Europes banking system really is- which is why the ECB is forever having to bail out all the bust banks within it.
The European banking system and the countries within the block are a total Ponzi scheme. The day that the ECB launched its QE easing program, excess liquidity stood at 125 billion euro.
Since then it has ballooned to 4.5 trillion euros.
This represents 45% of the Eurozone economy.......and its going to start doing it again such is the strength of our European friends.
 
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midlifecrisis

Member
Messages
16,102

Its creating a "bad bank" to hold "74 billion euros of risk-weighted assets".
Risk weighted- means utterly worthless sh1te which is why its the most systemically dangerous bank in the world according to the IMF.
View attachment 58171

This is worth a read, https://www.zerohedge.com/news/2019...will-likely-lead-us-and-global-banking-crisis.
Deutsche is a barometer for exactly how bad Europes banking system really is- which is why the ECB is forever having to bail out all the bust banks within it.
The European banking system and the countries within the block are a total Ponzi scheme. The day that the ECB launched its QE easing program, excess liquidity stood at 125 billion euro.
Since then it has ballooned to 4.5 trillion euros.
This represents 45% of the Eurozone economy.......and its going to start doing it again such is the strength of our European friends.
That is a problem with Worldwide banking systems not just European. Hence the credit cruch crisis of 2008.