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Posted on Jul 2, 2016
Do you think Britain will outperform what remains of the European Union after it leaves?
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Clarke and Dawe - European Debt Crisis
http://www.mrjohnclarke.com "Roger, Financial Consultant" Originally aired on ABC 7:30 Report, 20/05/2010 World Economy Explained
European markets have returned to normal after plunging with last week's Brexit vote. In the long run - say, over the next 10 years - do you think Britain will outperform what remains of the European Union after it leaves? Comments please.
https://www.youtube.com/watch?v=I5QwKEwo4Bc
https://www.youtube.com/watch?v=I5QwKEwo4Bc
European Union
Economy
Money
Edited >1 y ago
Posted >1 y ago
Responses: 12
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No.Survive yes.Their MiddleClass and Poor will suffer the worst.To all who say sovereignty is what makes us strongest,I would remind you in every endeavor America has been on We didn't do it alone,we always had allies.We couldn't have won our own Revolution against the British without France,and then there's WW1,WW2.The Assyrians were beat by an alliance.So my point is it is possible for the British to survive but not thrive in a Global Society.
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Depends. The UK needs trade with the continent and there is a not so small chance Scotland and less likely Northern Ireland tries to secede again. It'll be a while before the UK can in fact withdraw from the EU, and they have to use the intervening couple of years to negotiate agreements with it's trade partners.
Frankly, I am not surprised that Britain withdrew from the EU. The EU should have thrown Greece out several years ago. Spain, Portugal, and Ireland have also run afoul of EU charter rules. But... since the EU has neither teeth nor fortitude, it gets rolled by assertive members that know that there are those who want to see the EU stay together no matter what.
I don't think the UK will be the last state to leave. Especially if the consequences are not as dire as some would have us believe.
Frankly, I am not surprised that Britain withdrew from the EU. The EU should have thrown Greece out several years ago. Spain, Portugal, and Ireland have also run afoul of EU charter rules. But... since the EU has neither teeth nor fortitude, it gets rolled by assertive members that know that there are those who want to see the EU stay together no matter what.
I don't think the UK will be the last state to leave. Especially if the consequences are not as dire as some would have us believe.
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MSgt (Join to see)
1SG (Join to see)
What's your opinion on Scotland and Northern Ireland seceding the UK? I have read that both preferred to stay with the European Union. The United Kingdom has the world's fifth-largest economy by nominal GDP and ninth-largest economy by purchasing power parity. Could Scotland and Northern Ireland prosper on their own? I'm sure the successes of the Republic of Ireland have to be on the minds of the people of Scotland and N. Ireland. The Republic of Ireland ranks among the top twenty-five wealthiest countries in the world in terms of GDP per capita.
What's your opinion on Scotland and Northern Ireland seceding the UK? I have read that both preferred to stay with the European Union. The United Kingdom has the world's fifth-largest economy by nominal GDP and ninth-largest economy by purchasing power parity. Could Scotland and Northern Ireland prosper on their own? I'm sure the successes of the Republic of Ireland have to be on the minds of the people of Scotland and N. Ireland. The Republic of Ireland ranks among the top twenty-five wealthiest countries in the world in terms of GDP per capita.
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MSgt (Join to see) - Scotland held a referendum just last year, and from where I sit there were two compelling reasons why they stayed in the UK - continued membership in the EU and the bill they were presented for their share of the national debt. The former reason has been eliminated. If Scotland left, it would take an awful lot of the mineral rights for North Sea crude oil with it.
N. Ireland is a much more complicated subject. It is safe to say that were they to leave, they'd try to reunify with the Republic of Ireland. But there is a reason why N. Ireland is still part of the UK, and despite the resolution of the "Troubles" the underlying religious schism remains. Ireland's wealth lies mainly in the financial sector, and it very nearly got crushed in the 2008-09 financial crisis.
N. Ireland is a much more complicated subject. It is safe to say that were they to leave, they'd try to reunify with the Republic of Ireland. But there is a reason why N. Ireland is still part of the UK, and despite the resolution of the "Troubles" the underlying religious schism remains. Ireland's wealth lies mainly in the financial sector, and it very nearly got crushed in the 2008-09 financial crisis.
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MSgt (Join to see)
1SG (Join to see) -
Yes, they did nearly get crushed but they did a pretty good job of recovering. I really never thought about the mineral rights, that was a good point. Personally I don't see the reunification of the isle of Ireland, to much animosity. I think the odds are much more in favor of N. Ireland staying part of the UK. Scotland for sure could go either way especially now with the vote to leave the EU. It will be interesting to see how all this plays out in the coming months and years. I would just hate to see our relationship with the UK suffer with all this. But I understand the reasons Britain wanted their sovereignty back.
Yes, they did nearly get crushed but they did a pretty good job of recovering. I really never thought about the mineral rights, that was a good point. Personally I don't see the reunification of the isle of Ireland, to much animosity. I think the odds are much more in favor of N. Ireland staying part of the UK. Scotland for sure could go either way especially now with the vote to leave the EU. It will be interesting to see how all this plays out in the coming months and years. I would just hate to see our relationship with the UK suffer with all this. But I understand the reasons Britain wanted their sovereignty back.
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Yes SP5 Mark Kuzinski the United Kingdom will do very well. It helped that they did not change their basic currency from the Pound to the Euro which means they don't have to expend funds on changing postage stamps, ATMs coding, currency and bank note processes, etc.
When Denmark and Sweden leave they will need to spend some funds to convert from the Euro back to their respective Kroner. The EU is not as ruthless as the old USSR or the Roman Empire; but, like both the Belgian based bureaucrats are learning it is very challenging to regulate to any meaningful extent people from many different cultures and languages.
the UK will certainly outperform the Mediterranean bordering countries of the EU - many of which needed to be bailed out. Don't be shocked if the EU needs to bail out others this summer.
When Denmark and Sweden leave they will need to spend some funds to convert from the Euro back to their respective Kroner. The EU is not as ruthless as the old USSR or the Roman Empire; but, like both the Belgian based bureaucrats are learning it is very challenging to regulate to any meaningful extent people from many different cultures and languages.
the UK will certainly outperform the Mediterranean bordering countries of the EU - many of which needed to be bailed out. Don't be shocked if the EU needs to bail out others this summer.
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SP5 Mark Kuzinski
Thanks LTC Stephen F. and yes more bail-outs will be coming to be sure. Make sure you and your wife have a great 4th!
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Yes. I think the E.U is on the way out; the drones are sucking the life out of the productive members.
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Thousands say 'No' to Brexit in colorful protest
Tens of thousands of protesters angered by Britain's historic vote to leave the European Union marched down London's Park Lane on Saturday.
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SP5 Mark Kuzinski
PO1 William "Chip" Nagel - time will tell and thanks for your additions Chip - Have a great 4th.
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If the EU continues to soak up the debt of Greece and other countries that don't get their financial act together then the Brits and the GBP will be better off. Ever been in a relationship where your spouse spent more that you took in and decided to send money to his/her family overseas. Don't worry about when they will pay you back because it's never gonna happen. In the meantime, they have no plan to change their lifestyle so in all effect they be asking for more money later.
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absolutely. They should have done it a long time ago. Hopefully Germany will be next. The EU needs to refine membership requirements in terms of GDP to debt. Maybe the US will relearn how to manage debt and a deteriorating welfare state someday soon too.
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