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Explain the impact of Brexit to a clueless American

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  • #16
    On a personal level and although it costs an arm and a leg, seeing schoible squirm is welcomed and long overdue
    (although germany's borrowing costs got lowered, AGAIN)

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    • #17
      They are still going to keep your marbles, Zorba. No reason to suck up.
      I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
      For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator Rubio

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      • #18
        Recession, followed by break-up of the UK, followed (eventually) by a re-drafting of the political map in England.
        The genesis of the "evil Finn" concept- Evil, evil Finland

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        • #19
          Originally posted by Ben Kenobi View Post
          Yeah, I can't see Britain leaving the EEC. The biggest impact will be the migration - the border controls will be back again.
          And they will lose lots of favorable trade treaties, meaning that they will, very likely, have to pay more tariffs ...
          not only to EU countries, but also to countries that have trade treaties with the EU

          Not to forget that the pime minister of scotland already announced that a new poll about leaving the UK now is very likely
          (and I guess, it will result in a breakaway of scotland from the UK).
          North Ireland might follow with its own poll

          UK citizens already feel very very bad, throughout the country:


          There are even Pro-Brexit-Voters who are feeling remorseful now and say that they didn't want the Brexit, but didn't believe that their vote would make a difference (and tgherefore voted pro it)
          Last edited by Proteus_MST; June 24, 2016, 11:21.
          Tamsin (Lost Girl): "I am the Harbinger of Death. I arrive on winds of blessed air. Air that you no longer deserve."
          Tamsin (Lost Girl): "He has fallen in battle and I must take him to the Einherjar in Valhalla"

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          • #20
            this has to do with the brits being very emotional people.

            They got from ruling 1/3 of the world to a 3rd rate economy within a behemoth.
            Unscrupulus people bet on this thimical/sentimental and got what they wanted.

            Although germany is behind all of this

            germany does not fear a brexit. germany fears one thing and one thing only: inflation

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            • #21
              Originally posted by Bereta_Eder View Post
              ...

              germany does not fear a brexit. germany fears one thing and one thing only: inflation
              True
              We were already shocked when we changed from DM to Euro and suddenly had a noticeable inflation
              Tamsin (Lost Girl): "I am the Harbinger of Death. I arrive on winds of blessed air. Air that you no longer deserve."
              Tamsin (Lost Girl): "He has fallen in battle and I must take him to the Einherjar in Valhalla"

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              • #22
                Originally posted by Dauphin View Post
                The problem with anyone using the Norway and Switzerland examples to try and gauge what will happen miss that they are both resource based economies. Norway oil and Switzerland Nazi goldTM.
                There is nothing stopping UK to remain the part of EEA, like Norway, which really means that nothing changes. Economically the setup is the same as right now, resource economy or not.

                The only people stopping such an outcome are politicians negotiating, UK on one side and EU bureaucrats on the other. EU may want to be punitive again, as they cannot do to UK what they did to Greece, they may want to "kick" them while they are down, but again if they behave this way, they will hurt themselves too.

                A lot of fuss over not much in principle, being part of EEA - UK keeps all the "benefits" of the single market except that it loses the right to vote on the central decisions.
                Socrates: "Good is That at which all things aim, If one knows what the good is, one will always do what is good." Brian: "Romanes eunt domus"
                GW 2013: "and juistin bieber is gay with me and we have 10 kids we live in u.s.a in the white house with obama"

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                • #23
                  The EU is much more than just a free trade zone.
                  There are rules directing what can or not be deemed as state subsidy, a bazilion regulation notes etc etc

                  The UK can start enacting protective measures in any industry it wants, giving it instant boost in the short term. It can do a ****load of sector boosting, direct state funds as it sees fit, be completely free from commission directifves.
                  It has virtually regained the sum of its financial authority.

                  this will give it some short term boost and will probably result in the EU taking retaliatory (protective) actions itself.

                  It's not just a matter of free trade that can indeed be given but with some rewards (for example free movement of people!) so we are back to where we started

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                  • #24
                    a small example: why are there hardly any american cars in europe?

                    10% tarrifs

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                    • #25
                      Not that they're ****?
                      One day Canada will rule the world, and then we'll all be sorry.

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                      • #26
                        the explanation is indeed twofold

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                        • #27
                          btw as a small testament to ben being always right like the pope, the pound has plummeted to its lowest point in the last 32 years and cameron quit

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                          • #28
                            Pound will bounce back, but that Cameron quit it is a win-win scenario (unless UK gets Boris without an election, then maybe not )
                            Socrates: "Good is That at which all things aim, If one knows what the good is, one will always do what is good." Brian: "Romanes eunt domus"
                            GW 2013: "and juistin bieber is gay with me and we have 10 kids we live in u.s.a in the white house with obama"

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                            • #29
                              Originally posted by DinoDoc View Post
                              They are still going to keep your marbles, Zorba. No reason to suck up.
                              I'm surprised you found the time to make this delusional comment between strangling black people in mississippi for kicks

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                              • #30
                                WWIII is now eminent. Thanks UK. Once again, it's all your fault. And I wanted to blame Obama, or at least Sweden.
                                I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                                - Justice Brett Kavanaugh

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