Thread: Brexit - It's Still On!

Italy in recession, German growth cut to 1%. If not panicking now they will be soon. The EU won't survive another economic crisis. Any falling off in exports to the UK will hurt.

Originally Posted by buriramboy

What's wrong with going to live abroad if things don't work out?

Nothing at all unless you're are an ultra nationalist ..then it makes you look fake, stupid and with zero integrity.

And, if you happen to be the main instigator that created the mess(that forces you to leave the UK) and you encouraged millions of other people(who cant afford to just leave the UK) to make the mess, all just to further your own career, now those millions of people will have to live in that mess ...then it makes you a cunnt!
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Look how all the Nigel fanboys come to defend him even when it's evident they are being shafted

Originally Posted by Bettyboo

the mass comments from 'EU citizens' on British news boards and watching British TV on Youtube has been extremely overwhelming this week in a way that's clearly staged and paid for.

Originally Posted by foobar

You just said it was a Farage prediction,

I never said any such thing.

Originally Posted by Neverna

You just said it was a Farage prediction,

I never said any such thing.

Originally Posted by Neverna

Farage: "If Brexit is a disaster, I will go and live abroad, I'll go and live somewhere else."

There has been no Brexit yet so we'll have to wait a few years to see if there wil be a "disaster".

Let me know when you are all caught up with yourself after twisting yourself in knots to deny what Farage said as a matter of public record.

I think Farage statement could be interpreted either way, and probably thought of both when he said it, in a win-win situation if you get what I mean

Fucking eurotrash are cacking themselves.

Should get out just in time.

(MILAN) — Italy has fallen back into recession, intensifying concerns about the 19-country eurozone economy and a possible flare-up in the debt market jitters that had haunted the bloc in recent years.


The Italian economy, the third-largest in the eurozone, contracted by a quarterly rate of 0.2 percent in the fourth quarter of 2018, the national statistics agency said.

Following a 0.1 percent drop in the previous three-month period that means Italy is in a technical recession, defined as two straight quarters of economic contraction — just four years after its last one.

Italy’s recession is one reason why the wider eurozone slowed in 2018, along with uncertainties related to Brexit, the China-U.S. trade spat and new vehicle emissions standards.

Originally Posted by Dragonfly

I think Farage statement could be interpreted either way, and probably thought of both when he said it, in a win-win situation if you get what I mean

Not really, he quite plainly states he will desert his country if disaster happens.

The actual details of the disaster are neither here nor there, it's the ultra nationalist saying he will desert his country in the event of disaster, which is the point being made.

Originally Posted by foobar

Let me know when you are all caught up with yourself after twisting yourself in knots to deny what Farage said as a matter of public record.

You are a fucking idiot. I never said it was a Farage prediction.
I said:

"There has been no Brexit yet" [That is a fact. We are still in the EU.]

"so we'll have to wait a few years to see if there wil be a "disaster"." [That is not a Farage prediction. Those are my words.]

Originally Posted by harrybarracuda

Fucking eurotrash are cacking themselves.

Should get out just in time.

Luckily we have the hard numbers to show us the real picture.

Never mind Brexit, we want a Taxit. Tax, fancy encouraging the Sausage swallower like that......its bad enough when we get 1-2 paragraphs, Christ thats a side of A4.

Originally Posted by Neverna

You are a fucking idiot. I never said it was a Farage prediction.
I said:

"There has been no Brexit yet" [That is a fact. We are still in the EU.]

"so we'll have to wait a few years to see if there wil be a "disaster"." [That is not a Farage prediction. Those are my words.]

Right, your words ..nothing to do with the Farage quote. Thanks for confirming it was a strawman reply you gave.

The Farage quote which shows the ultra nationalist and anti-immigration politician will simply desert the UK and become an immigrant himself, if Brexit turns into a disaster.

Farage: "If Brexit is a disaster, I will go and live abroad, I'll go and live somewhere else."

Thanks for the rage pm Neverna ....nothing better than the glorious feeling of being balls deep in snowflake.

Originally Posted by foobar

Right, your words ..nothing to do with the Farage quote. Thanks for confirming it was a strawman reply you gave.

The Farage quote which shows the ultra nationalist will leave the UK if Brexit turns into a disaster.

WTF?

You posted some words and your interpretation of them. I gave an alternative interpretation and I made a comment on the hypothetical situation. You claimed I posted a Farage prediction. I pointed out that I did nothing of the kind. You then claim my pointing out the obvious to you is a "straw man" reply.

You are a fucking muppet. You probably aren't even British. A Belgian fluffer, perhaps?

^Think someone needs an early night...

Originally Posted by foobar

Luckily we have the hard numbers to show us the real picture.

These ones?

In the UK, we are debating how to leave the golf club. In Italy, the golf club is likely to be swamped by an approaching tsunami. There may not be a golf club left to be a member of. Project fear tries to scare us into believing that the UK can’t function outside the EU. But project reality is that the EU might not function full stop, such is the scale of the threat.


As Germany’s Target 2 balances approach €1 trillion, Italy’s slide towards minus €0.5 trillion. The Target 2 balances in this instance are the claims of the Bundesbank on the Italian central bank.

The astonishing total is in part technical, but also surely reflects deep concern regarding the potential for a break-up of the euro.



The spread between Italian and German 10-year bonds rose to 334 basis points late last year, and still stands at 264. Spreads of this size, even before any crisis is initiated, are deeply worrying.

That crisis looks almost inevitable. Latest figures show that corporate lending fell 5.5 per cent in December as the European Central Bank (ECB) imposed draconian capital requirements on Italian banks. These are likely to reduce the money supply further, undermining the growth rate of nominal GDP, which is already way below historic trends.

Combined with rising non-performing loans, this creates what has been described as “the Italian death cross”.

This is likely to trigger “the Italian death loop”, whereby increasing bond yields undermine the value of the sovereign bonds held by the banks, further widening the gap between bank capital and non-performing loans. The problems with Banca Carige at the start of 2019 are merely the tip of the iceberg.

And as Italy slips into its third recession in a decade, this is going to pose a systemic threat.

The Italian banking system is essentially bankrupt.

If the economics wasn’t bad enough, the politics is worse. When leading government ministers describe the euro as a “crime against humanity”, you know that there’s unlikely to be a meeting of minds with the EU.

The rise of populism in Italy is likely to intensify in the run-up to the EU elections in May, further alarming financial markets, resulting in even higher Italian bond spreads. The interim deal with Brussels regarding the Italian budget merely kicks the can down the road.

Moreover, with the halt in the ECB’s bond purchase programme at the end of December, Italy has lost its buyer of last resort. Mario Draghi has also signalled that the ECB will not set monetary policy in order to come to the aid of specific Eurozone countries.

This is a huge mess, compounded by the fact that Italy needs to roll over around €350bn of debt this year. Sourcing the funding at affordable rates in an environment of capital flight will be a challenge, to say the least.

So if you think that there’s bad blood right now between London and Brussels, just wait and see how bad it gets between Rome and the rest of the EU.

The UK is trying to leave the European club ? in Italy, the club is on fire | City A.M.

Originally Posted by harrybarracuda

These ones?

Just recycling the failed Farage prophesies from 6 years ago...

The EU is mired in deep structural crisis. Greece, Portugal and Ireland cannot survive inside the Euro.

The euro Titanic has now hit the iceberg - and there simply aren't enough lifeboats to go round.

...however that GBP/EUR rate graph I posted is what has actually happened over the last 2 years, which is why those are hard numbers and just not more failed, doom and gloom prophecy from the usual right wing nationalists, your article kinda gives it away when it uses terms like: "is likely to intensify".

Originally Posted by foobar

Thanks for the rage pm Neverna ....nothing better than the glorious feeling of being balls deep in snowflake.

I have never sent you a PM. Ever. Repo comment yes. PM, no. Surely even you know the difference. But anyway, thanks for your pink repo to me, butterballs.

Originally Posted by Neverna

You probably aren't even British?

Silly boy ....you don't need to be British to have an opinion on Brexit, otherwise how could it be possible for the UK to be the laughing stock of Europe?

Originally Posted by foobar

Just recycling the failed Farage prophesies from 6 years ago...

So those numbers don't mean anything?

I thought we were supposed to be in the shit with a debt to GDP ratio of 86%, but the Wops are a, well, whopping 132%.

So we can ignore these numbers then, and all these scare stories from the EU are a load of bollocks I take it.

Originally Posted by harrybarracuda

So those numbers don't mean anything?

I thought we were supposed to be in the shit with a debt to GDP ratio of 86%, but the Wops are a, well, whopping 132%.

So we can ignore these numbers then, and all these scare stories from the EU are a load of bollocks I take it.

The numbers don't mean anything until they actually mean something ..deep I know.

But, I'm fairly sure Italy isn't going to bring down the EU.

So for the time being I will rely on real numbers that actually mean something, currency markets , ...the ones that show GBP has shat the bed against the Euro for the last 2 years, since Referendum reared it's ugly head.

Why does the referendum and its result bother you so much, foobar? I understand that SeekingAss might worry about his daily sundowner or the cost of Spanish colostomy bags in Budleigh Salterton but what about you? How does or will Brexit affect you?

Originally Posted by foobar

, ...the ones that show GBP has shat the bed against the Euro for the last 2 years, since Referendum reared it's ugly head.

Funny thing currency, if you asked Ze Yermans - would you keep the Euro or rather have your Mark back - i bet they'd all say Euro and why? because its way lower than the Mark would be as an independent currency - so where does that leave your argument - its all relative ........

Originally Posted by NamPikToot

Funny thing currency, if you asked Ze Yermans - would you keep the Euro or rather have your Mark back - i bet they'd all say Euro and why? because its way lower than the Mark would be as an independent currency - so where does that leave your argument - its all relative ........

We were always able to deal with the swings, be it high or low. The Euro was the biggest mistake ever in the EU. Too many countries with different ways of steering their national economy in the Euro zone make for huge problems.