Brexit-Impact on Eurozone.

[GLASGOWOODS]

It's all doom and gloom post brexit.

 

What possible impact on the Eurozone? Nobody seems to want to discuss this.

 

Will it thrive, or maybe crumble, as other nations decide it's not for them.

 

Time for a cup of tea...be back in a bit.

 

http://voxeu.org/article/implications-brexit-rest-eu

 

http://www.wsj.com/articles/brexit-may-be-bigger-risk-for-eurozone-than-u-k-1459976571

[unbeliever]

It's all doom and gloom post brexit.

 

What possible impact on the Eurozone? Nobody seems to want to discuss this.

 

Will it thrive, or maybe crumble, as other nations decide it's not for them.

 

Time for a cup of tea...be back in a bit.

 

http://voxeu.org/article/implications-brexit-rest-eu

 

http://www.wsj.com/articles/brexit-may-be-bigger-risk-for-eurozone-than-u-k-1459976571

 

 

Above most of us want the people of Europe to do well. To enjoy a high standard of living, liberty, peace and security. I'm tending toward the view that the EU is serving nobody. The contradiction between what pro-EU leaders in different EU countries tell their people about what the rights and responsibilities of EU membership are is startling. It was bound to end in tears.

I doubt it can be fixed. If it can't end well, the next best thing is for it to end quickly. Then we can all go back to being friends again rather than trying to form a mismatched family.

[tzijlstra]

From your first link:

 

We are particularly concerned about political uncertainty in the UK, including a possible disintegration of the UK into its more pro-European (Scotland, Wales, and Northern Ireland) and less pro-European parts.

 

Unfortunately for the rest of the EU, Brexit would not be a zero-sum game – nor would the economic and political losses be confined to the UK.

 

They are right, it would hurt everybody, particularly the UK. But let's go ahead and dismantle the EU like Unbeliever wants. Because fortunately we are not part of a global economy that has a number of economies that rival the EU in size.

 

/sarcasm

[nomoney]

Well we did all right till Ted Heath took us in.

[GLASGOWOODS]

From your first link:

 

 

 

They are right, it would hurt everybody, particularly the UK. But let's go ahead and dismantle the EU like Unbeliever wants. Because fortunately we are not part of a global economy that has a number of economies that rival the EU in size.

 

/sarcasm

Further down the link....

 

Is this one of the reasons why they don't want the UK to leave? The beginning of the end.

 

But the real political risk, in our view, is that Brexit would set a new and awkward precedent. It could trigger chain reactions, such as a backlash against any notion of ‘ever closer union’, even where this makes obvious sense, as in the areas of defence, foreign policy, defending the external boundaries of the EU, and certain aspects of environmental policy. Brexit could also encourage national exit movements elsewhere. The anti-EU mood in many EU member states, as reflected in the growing strength of nationalist, nativist, and populist parties in the EU, should not be underestimated. There could also be a rise in regional separatism (e.g. in Flanders, Catalonia, the Basque country or Northern Italy). The rejection of any form of supra-nationalism exemplified by Brexit could also further increase cross-border bail-out fatigue in particular in the Eurozon

[tzijlstra]

Further down the link....

 

Is this one of the reasons why they don't want the UK to leave? The beginning of the end.

 

But the real political risk, in our view, is that Brexit would set a new and awkward precedent. It could trigger chain reactions, such as a backlash against any notion of ‘ever closer union’, even where this makes obvious sense, as in the areas of defence, foreign policy, defending the external boundaries of the EU, and certain aspects of environmental policy. Brexit could also encourage national exit movements elsewhere. The anti-EU mood in many EU member states, as reflected in the growing strength of nationalist, nativist, and populist parties in the EU, should not be underestimated. There could also be a rise in regional separatism (e.g. in Flanders, Catalonia, the Basque country or Northern Italy). The rejection of any form of supra-nationalism exemplified by Brexit could also further increase cross-border bail-out fatigue in particular in the Eurozon

 

So what you/the article are saying is that Brits should behave responsibly. I agree. At the foundation of EU-fatigue is the notion that a different option would be better, I don't see how splitting into small states is going to make anything better for Europe in a global economy where we are already being caught up by nations we once labelled as third world, do you?

[cgksheff]

The EU is dying.

It will not die because of Brexit, but will die regardless.

 

Best get out now.

[Nagel]

The vote is irrelevant because the EU won't exist in 10 years. It will have self-destructed.

 

We are best leaving as soon as possible, but if we vote to leave it will probably hasten the break up of the EU. Perhaps we are just swapping one variety of globalisation for another, but at least there's a chance of a little bit more democracy if we leave.

[staninoodle]

Im just loving all the scare mongerers that predict the end of the world once we leave,and how we will be hard pressed to negotiate new deals,on OUR terms.....like they wont sell us owt LOL.

The EU was a pipe dream,we stayed far too long and lobbed away far too much cash for no return,leavings a no brainer,get out now and cut our losses.

We are capable of passing our own laws that suit our own people why should we be regulated? Were not kids

Edited April 15, 2016 by staninoodle

[ez8004]

What exactly is it that you think we would gain by leaving the EU?

 

- Better border controls? - We already have it. We are not part of the Schengen Agreement. If you are going to complain about other Europeans coming to work in the UK, well you do know it works BOTH WAYS right? You are just as entitled to work in any other EU country as well and thousands do.

- Not to have to join the Euro - I can't believe this is even a debating point for some. It was never on the cards to begin with.

- Restricting benefits for non UK nationals - This was one of the key negotiating points that the PM has made progress on and enough in my opinion to deter people away who are not able to support themselves without state help.

- More jobs for British workers? – won’t happen as there are already plenty of industries that rely on migrant workers because we don’t have enough skilled nationals to do the work. The NHS is a good example, if you threw out every non UK worker, the whole system would simply collapse. If we did leave the EU, there can be massive job losses in key industries such as the university system which gets huge chunks of its revenue from European research grants.

- It will be ok because we can get a trade agreement with the EU after an exit – So very wrong. There is no guarantee this will happen and even if it does it will take YEARS. How much damage to the UK do you think will have happened while a trade agreement is sorted out? Everyone points to Canada as an example. True, but that took EIGHT YEARS to finalise. Canada’s economy is in a healthier state than the UK too.

 

Personally, I don’t care how the vote goes because my employment isn’t dependent on it. However, I would find it amusing if we did vote for an exit and everything turned for the worse such as;

 

- Job losses because companies will leave the UK as they want to be based within the single market.

- The cost of living rises because the pound will drop in value and import costs will just rocket because of it.

- This in turn will mean that interest rates will need to rise to control increased inflation that will occur so everyone’s mortgage costs will rise.

 

From what I have observed, the people who tend to want to vote for an exit are;

 

- The unemployed who think immigrants have taken their jobs. Where the simple fact that they are unskilled or unqualified enough to do the work. Could be just too lazy too.

- The older demographic who simply don’t care what the future repercussions are because they won’t be in it.

- People on state benefit who are under the delusion that if there are less migrants to give benefits to, this would mean that the state will therefore give them more.

 

---------- Post added 16-04-2016 at 01:23 ----------

 

The vote is irrelevant because the EU won't exist in 10 years. It will have self-destructed.

 

We are best leaving as soon as possible, but if we vote to leave it will probably hasten the break up of the EU. Perhaps we are just swapping one variety of globalisation for another, but at least there's a chance of a little bit more democracy if we leave.

 

You are absolutely deluded. The combined EU as it is right now is only just equivalent to the likes of the US in terms of economic size and influence. The UK on its own isn't going to be able to do anything, it is a simple numbers game.

Edited April 16, 2016 by ez8004