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  1. #18976
    Hangin' Around cyrille's Avatar
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    COVID will serve as a smokescreen, though.

    And as predicted, Jabir hasn't answered you.


  2. #18977
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    Quote Originally Posted by Troy View Post
    On what basis do you think the euro is a failing currency? It's been called that for the 20 years it's existed but still keeps going.
    I guess it depends on more 'pump ups' when needed and the goodwill of the taxpayers, who gets handed the bill.

    It is on Clay Feet

  3. #18978
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    Stand by sqwiril, when it happens your avatar will finally make the break; then you'll be entirely alone!

  4. #18979
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    Quote Originally Posted by jabir View Post
    We won't know who tries to leave next until it happens, but having seen what UK went through to date, in pure economic terms any Eurozone member would have a much harder time extricating itself from the failing currency.
    Meanwhile back in the real world the Euro is strengthening against the US $ and its current exchange rate with Sterling seems anchored at EUR 1.10. Remember before Brexit, Jabir, when it was EUR 1.43??

    You Brexit bunnies are truly away with the pixies.

  5. #18980
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    Quote Originally Posted by Seekingasylum View Post
    Meanwhile back in the real world the Euro is strengthening against the US $ and its current exchange rate with Sterling seems anchored at EUR 1.10. Remember before Brexit, Jabir, when it was EUR 1.43??

    You Brexit bunnies are truly away with the pixies.
    Jesus your grasp of the pros and cons of currency fluctuation or the cost of a tarriff wall to EU citizens is non existent.

  6. #18981
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    Quite why you seek to contribute is mystifying given your ignorance and diminished intellectual acuity.

    The EU trade with the UK is around 3% of its combined GDP whereas vice versa Britain's trade with the EU is 13% of GDP, and accounts for nigh on 50% of its manufacturing output..

    The impact of a devalued currency languishing in the fiscal toilet on an economy 70-80% of which is based on its service industries and reliant on imports for 60% of its needs is obvious to anyone with the meanest of intelligence.

    The CBI, Barnier, Merkel, the OECD, et al have warned of the disasters facing the UK in the event of a WTO crash out. If that happens then a further devaluation against the Euro will be certain and ruinous for many in the UK.

    Broken down, Brexit Britain will soon become one word.

    Har, har.

  7. #18982
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    Quote Originally Posted by Seekingasylum View Post
    Meanwhile back in the real world the Euro is strengthening against the US $ and its current exchange rate with Sterling seems anchored at EUR 1.10. Remember before Brexit, Jabir, when it was EUR 1.43??

    You Brexit bunnies are truly away with the pixies.
    Sure I know that exchange rates fluctuate, it's a natural phenomenon, but the EU is a fcuking immense and powerful giant, in many ways far stronger than the USSR, and it takes time for such a force to noticeably weaken.

    Meanwhile, choose whatever data suits your position, though none of it will change the fact that Schengen is dead but twitching, and my opinion which you can take or leave, that it's only a matter of time before the Euro, EUs second pillar, also crumples. Two pillars out of two, though you could manufacture a few more if it gives comfort.

    Merkel is a shrewd and experienced leader, very smart, cocked up a couple of times but grasped the opportunity to restore her previous high in popularity thanks to the devastation caused by the virus demanding a strong leader. As undisputed queen of Europe, German domination via stealth and with least resistance, she is ignoring treaties and agreements in moves toward faster integration, despite the Grauniad and other leftist organs lying to their gullible audience that integration has been put on a back burner. She is calling the shots, and now with a substantial slush fund at her disposal. Wouldn't you know, they call it a recovery fund, though I'd like to see how a piffling few hundred billions will fuel any form of recovery across 27 members. Beyond that, and despite promises by top Euro leaders that it will never happen, the EU is neck deep in debt mutualisation, and also able to borrow unlimited funds on the international markets, for which every member is on the hook, little of which will trickle down to the people, much going to the core of elites in Berlin, Frankfurt and Brussels, and some to buy off or beat off those that stand in her way.

    Can only go so far before even dummies realise what's going on, and once that happens the game is up.

  8. #18983
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    Quote Originally Posted by Seekingasylum View Post
    Quite why you seek to contribute is mystifying given your ignorance and diminished intellectual acuity.

    The EU trade with the UK is around 3% of its combined GDP whereas vice versa Britain's trade with the EU is 13% of GDP, and accounts for nigh on 50% of its manufacturing output..

    The impact of a devalued currency languishing in the fiscal toilet on an economy 70-80% of which is based on its service industries and reliant on imports for 60% of its needs is obvious to anyone with the meanest of intelligence.

    The CBI, Barnier, Merkel, the OECD, et al have warned of the disasters facing the UK in the event of a WTO crash out. If that happens then a further devaluation against the Euro will be certain and ruinous for many in the UK.

    Broken down, Brexit Britain will soon become one word.

    Har, har.
    You are an economically illiterate ex public servant. Your posts prove that, apart from a few parts you google. The high Euro has been a disaster for some countries. The chief recipient of the Euro benefits has been Germany. If the Deutchmark was still around it would have been through the ceiling by now making many of Germanys' exports unaffordable. The cheaper pound will offset any tariffs imposed by the EU. The tarriffs will be paid by the importer and passed on to E.U. citizens. As per usual you try to fudge the figures by quoting the whole EU GDP% which does not tell the story. No one cares about Latvia Estonia etc. The fact is the UK has a trade deficit with the EU of around 80 billion euros. In traded goods only, that figure jumps to over 100 billion Euros. Or as you like meaningless percentages, 30% of Irelands' GDP, 50% of Portugals' GDP or 300% of Estonias' GDP. N.Ireland Wales and North England have the highest exports to the EU. whereas SE England has the highest imports from the EU.
    The area of the UK that the EU will hurt least is the area that has the potential to hurt the EU most. Therefore if you had your wish of a broken down brexit Britain it would be a disaster for many E.U countries.
    Last edited by Hugh Cow; 30-07-2020 at 01:45 PM.

  9. #18984
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    You really are quite obtuse.

    The £ devalued by 25% against the EUR in 2016 from a high of EUR 1.43 since when it has fluctuated between the range of EUR 1.08 - 1.13 where it remains anchored to this day. This decrease in value has not aided exports to the EU at all despite the trumpeting of Brexit apologists and the addition of tariffs you risibly assume will be paid by the end user will only create a more adverse uncompetitive market for the Brits - the agricultural and food processing markets for Brit suppliers will be destroyed given the tariff level of 25-30% to be imposed under WTO.

    And of course if Gove sticks to his fish-brained madness then the EU will impose a crippling tariff on British caught stocks that will render the British industry redundant overnight given over 70% of the annual harvest is sold to the EU.

    But alll this is academic, either The Clown concedes ground and agrees to a deal in which case all is bliss and the EU can wash its hands of the whole tedious affair or he doesn't in which case the EU will wash its hands and move on. The only losers are the stupid Brits too dumb to realise they are fucked. The Brexit morons are already implementing a tariff control regime to be imposed on British import/export traders that will cost them £17 billion annually, a burden calculated by the HMRC which has already published the protocols and rates to be levied by this new bureaucracy. Brit traders are either going to lump it and lose profitability or they will pass it on to the Brit consumer increasing inflation.

    It's a disaster all round for the Brexit moron but the EU will simply shrug their shoulders and carry on as they have done.

    Despite your ramblings, the facts remain, 13% of the UK's GDP is derived from EU trade and 50% of its manufacturing output is exported to EU markets. The Brexit morons have forsaken this unfettered trade and we have yet to hear from them what tangible benefit is to be gained. To date, it's only a litany of losses and further costs. I ask this of all the Brexit imbeciles, what is it that you propose to sell now that you couldn't before?

  10. #18985
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    Quote Originally Posted by Seekingasylum View Post
    You really are quite obtuse.

    The £ devalued by 25% against the EUR in 2016 from a high of EUR 1.43 since when it has fluctuated between the range of EUR 1.08 - 1.13 where it remains anchored to this day. This decrease in value has not aided exports to the EU at all despite the trumpeting of Brexit apologists and the addition of tariffs you risibly assume will be paid by the end user will only create a more adverse uncompetitive market for the Brits - the agricultural and food processing markets for Brit suppliers will be destroyed given the tariff level of 25-30% to be imposed under WTO.

    And of course if Gove sticks to his fish-brained madness then the EU will impose a crippling tariff on British caught stocks that will render the British industry redundant overnight given over 70% of the annual harvest is sold to the EU.

    But alll this is academic, either The Clown concedes ground and agrees to a deal in which case all is bliss and the EU can wash its hands of the whole tedious affair or he doesn't in which case the EU will wash its hands and move on. The only losers are the stupid Brits too dumb to realise they are fucked. The Brexit morons are already implementing a tariff control regime to be imposed on British import/export traders that will cost them £17 billion annually, a burden calculated by the HMRC which has already published the protocols and rates to be levied by this new bureaucracy. Brit traders are either going to lump it and lose profitability or they will pass it on to the Brit consumer increasing inflation.

    It's a disaster all round for the Brexit moron but the EU will simply shrug their shoulders and carry on as they have done.

    Despite your ramblings, the facts remain, 13% of the UK's GDP is derived from EU trade and 50% of its manufacturing output is exported to EU markets. The Brexit morons have forsaken this unfettered trade and we have yet to hear from them what tangible benefit is to be gained. To date, it's only a litany of losses and further costs. I ask this of all the Brexit imbeciles, what is it that you propose to sell now that you couldn't before?
    All of which totally ignores the fact that the EU has agreed a survival package that will not pass through the EU parliament, and has been described by the EU president as illegal and breaking the EUs own rules.
    Send it to the ECJ, where they insist on primacy, and watch them admonish themselves.

    The EU is a cluterfuck of giant proportions. The bill for saving themselves has been passed to the paddy’s. Irish poiliticians are shuddering over the net costs to a country that is dreading tax harmonization, when they lose their edge on corporation tax.

    The UK MoD is now proposing deep cuts because they will not be required to support a paper EU Army. What a pity NATO won’t be there to keep all the feuding members apart, like they have done for the past 70 years.

    Keep soiling yourself over the wonderful EU and how great it is, when we both know that mutualized debt serves only one member state, laughing all the way to its.broken banking system.

    look how UK, with the help of a virus has managed to keep inflation down. ��

  11. #18986
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    ^ Careful, you're spinning a dirty great hole in the ground.

  12. #18987
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    Quote Originally Posted by Troy View Post
    ^ Careful, you're spinning a dirty great hole in the ground.
    You are allowing personal animosity to dictate your responses. Unusual for a bloke who can normally think for himself.

  13. #18988
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    Quote Originally Posted by Seekingasylum View Post
    You really are quite obtuse.

    The £ devalued by 25% against the EUR in 2016 from a high of EUR 1.43 since when it has fluctuated between the range of EUR 1.08 - 1.13 where it remains anchored to this day. This decrease in value has not aided exports to the EU at all despite the trumpeting of Brexit apologists and the addition of tariffs you risibly assume will be paid by the end user will only create a more adverse uncompetitive market for the Brits - the agricultural and food processing markets for Brit suppliers will be destroyed given the tariff level of 25-30% to be imposed under WTO.

    And of course if Gove sticks to his fish-brained madness then the EU will impose a crippling tariff on British caught stocks that will render the British industry redundant overnight given over 70% of the annual harvest is sold to the EU.

    But alll this is academic, either The Clown concedes ground and agrees to a deal in which case all is bliss and the EU can wash its hands of the whole tedious affair or he doesn't in which case the EU will wash its hands and move on. The only losers are the stupid Brits too dumb to realise they are fucked. The Brexit morons are already implementing a tariff control regime to be imposed on British import/export traders that will cost them £17 billion annually, a burden calculated by the HMRC which has already published the protocols and rates to be levied by this new bureaucracy. Brit traders are either going to lump it and lose profitability or they will pass it on to the Brit consumer increasing inflation.

    It's a disaster all round for the Brexit moron but the EU will simply shrug their shoulders and carry on as they have done.

    Despite your ramblings, the facts remain, 13% of the UK's GDP is derived from EU trade and 50% of its manufacturing output is exported to EU markets. The Brexit morons have forsaken this unfettered trade and we have yet to hear from them what tangible benefit is to be gained. To date, it's only a litany of losses and further costs. I ask this of all the Brexit imbeciles, what is it that you propose to sell now that you couldn't before?
    Your hatred of all things Brexit has made you twist the narative to what you hope rather than the economic reality. You mix a few facts known by everyone and then wildly speculate an outcome, especially fishing which is wild speculation on your part. Have you given any thought to where the EU fish market will replace those lost stocks? They are going to have to trade with a non EU country on WTO rules to get the same fish only transport costs from further away will drive the price even higher than the UK price. See how the EU citizens will like that adding to their inflation in a stagnant economy.
    Meanwhile other countries are already eyeing off what they can do to replace that Euro 100 billion surplus with Britain in a tariff free environment, no longer controlled by the inefficient subsidy reliant EU farmers. Australian and NZ farmers will be looking to replace goods from the EU with efficient Tariff free products of their own which dont rely on endless subsidies as in Europe. Meanwhile German cars will be subject to the same tariffs. The french car industry is already on the skids. Like the U.S. Britain may insist on the E.U. purchasing more product to lower the deficit. It is ludicrous to think that Britain will allow the EU to increase the trading deficit at will after leaving. If you think that the one with the 100 billion surplus is the one in the box seat you know nothing of economics or politics.

  14. #18989
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    Quote Originally Posted by Switch View Post
    You are allowing personal animosity to dictate your responses. Unusual for a bloke who can normally think for himself.
    No, I'm just shocked at the outrageous spin on the MOD cuts. Where you get such ridiculous ideas from, I have no idea, but I'm calling bullshit.

  15. #18990
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    Oh, and it's worth repeating, the NI agreement together with the GFA precludes any chance of a no deal. The UK are simply pumping their chests before the inevitable.

  16. #18991
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    Quote Originally Posted by Troy View Post
    No, I'm just shocked at the outrageous spin on the MOD cuts. Where you get such ridiculous ideas from, I have no idea, but I'm calling bullshit.
    Defence and security is under review. This is normal periodic look at the defence budget, which usually demands massive savings.
    Such streamlining has been taking lumps out of the defence budget for decades.
    The piecemeal cuts have all been done now, and the only thing left to cut, is uniformed manpower. This at a time when the RAF are trying to establish some fast jet jointery with the RN, who are struggling to man the new carriers and other front line warships.
    Boots on the ground is a cheap option to cut, when savings can be diverted to tri-service cyber warfare. Cyber will eat up any future savings, and still come back for more.

    The MoD will always leak the worst case scenario, to get the public onside, before they settle gratefully for more modest cuts.
    The French have been the recipients of NATO support, jobs and military headquarter posts, without paying for it for decades.
    The British may or may not offer support to French colonial aspirations in future. NATO definitely won’t.

    MoD budgets will have to be adjusted, no matter what you or I think about it, or the mechanics of budget negotiation.

    Oops! We ran into some problems. | Army Rumour Service

    In sure the EU were looking for the UK to take on significant parts of that dreamlike EU armed force. Not any more they are not. UK will be more reliant on NATO for support once it is out of the EU. Guess where UK money and assets will be directed in future.
    Last edited by Switch; 01-08-2020 at 06:14 AM.

  17. #18992
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    Over the past decade or so the difference in defence spending between France and the UK as a proportion of GDP, or as a proportion of actual government expenditure, is piffling and generally within EUR 2 billion of each other with an average range of 1.7% - 2% of GDP going to the military.

    Once again the frazzled of Kuta, Chas the bathchair warrior jangling his catheter, shows his grasp of government economics is as tenuous as his grip on reality.

  18. #18993
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    Quote Originally Posted by Seekingasylum View Post
    Over the past decade or so the difference in defence spending between France and the UK as a proportion of GDP, or as a proportion of actual government expenditure, is piffling and generally within EUR 2 billion of each other with an average range of 1.7% - 2% of GDP going to the military.

    Once again the frazzled of Kuta, Chas the bathchair warrior jangling his catheter, shows his grasp of government economics is as tenuous as his grip on reality.
    Did you know, the French cut several meters off the overall length of the carrier Charles de Gaulle, because the unions refused to change the design of the dock the ship was built in. The problem was a wooden hut, the size of a garden shed.
    Im sure you researched accounting and procurement methods before making your, ridiculous statement. Typical civil service blundering old tosser.
    The Saving grace is, neither the UK or the EU will allow you anywhere near the continent. You have been blackballed because you are a boring, miserable old shitcunt.

  19. #18994
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    ...and the budget cuts because UK won't have to fund an EU army came from? Your arse?

    I was under the impression that Covid had taken centre stage and Cummings's plans for cutting down the MOD budget was on hold.

  20. #18995
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    Quote Originally Posted by Switch View Post
    Did you know, the French cut several meters off the overall length of the carrier Charles de Gaulle, because the unions refused to change the design of the dock the ship was built in. The problem was a wooden hut, the size of a garden shed.
    This sounds unbelievable, is there anyone else apart from you that knows this?
    If it can't be confirmed somewhere then it should be considered as just a myth.

  21. #18996
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    Quote Originally Posted by Troy View Post
    ...and the budget cuts because UK won't have to fund an EU army came from? Your arse?

    I was under the impression that Covid had taken centre stage and Cummings's plans for cutting down the MOD budget was on hold.
    The UK has to fund the MoD, which is under periodic review. Nothing unusual in that.
    The UK will have no future financial responsibility for EU dreams.

    The uk defence budget will move from manpower to cyber costs. That is the fact in future, even if we have preferences elsewhere. At least it won’t be swallowed up by an EU fudge writing blank Cheques to fund a military the EU don’t need.
    Now we that UK is certain to avoid this and other foolish schemes, they can tailor the UK budget accordingly.

  22. #18997
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    Quote Originally Posted by Switch View Post
    Did you know, the French cut several meters off the overall length of the carrier Charles de Gaulle, because the unions refused to change the design of the dock the ship was built in. The problem was a wooden hut, the size of a garden shed.
    Im sure you researched accounting and procurement methods before making your, ridiculous statement. Typical civil service blundering old tosser.
    The Saving grace is, neither the UK or the EU will allow you anywhere near the continent. You have been blackballed because you are a boring, miserable old shitcunt.
    At least the French carrier has a catapult system and carries aircraft. I thought the carrier was actually extended to allow the carriage of some US aircraft...at least the flight deck was.

    Which aircraft can the UK carriers support?

    Just another fuck up from British Wasteofspace

  23. #18998
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    Not a healthy outlook though covid is a political lifesaver for bojo and his misfits that can blame it for all manner of Brexit mismanagement and consequences; and now best we can do is wait for sqwiril to pop up with another childish one-liner.

  24. #18999
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    Quote Originally Posted by jabir View Post
    Not a healthy outlook though covid is a political lifesaver for bojo and his misfits that can blame it for all manner of Brexit mismanagement and consequences
    A political lifesaver or more fuel to add to the fire? The handling of Brexit trade negotiations is on a par with the response to the Covid crisis. Bojo's approval rating dropped 20% in 3 months and Dominic Cummings is a household name, who should have been sacked.

  25. #19000
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    I have to say, it indicates a horrible misread from the fool on the hill to say that COVID has been a lifesaver for bojo.

    Sure, some of the inevitable post-BREXIT privations can be conveniently blamed on COVID but Johnson's utterly bumbling approach to the crisis, and all of his clueless u-turns, have been very damaging to him indeed.

    Add to that the way Starmer is quietly and inexorably exposing his rhetoric and his sheer laziness in the house of commons...and he's just running on empty at the moment.

    The absence of braying toffs behind his back hasn't helped either - it's forced the country into seeing the paucity of his preparations and arguments.

    Even tory rags like the Daily Mail can't avoid mentioning it.

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