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Brexit 101
Started: by xplorer Views / Replies:16,055 / 476
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Brexit 101

  #171 (permalink)
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Dangerous times.

What we are witnissing since a couple of years is the radicalisation of the political system here in Europe.
From Maoist-Communist in Greece, to Front National in France and the rise of the new far right party "AFD", just to name a few. One could continue the list..... unfortunately.
What is the cause? Anti-establishment? What is causing anti-establishment here?

Imho one reason - but not exclusively - is the european economic malaise and growing inequality.

What was the strategy to respond to this crisis apart from monetary stimulus? Austerity and structural reforms.
Well, almost everyone here in Europe was and is more or less trying to follow and copy the German way to salvation and embark on an internal devaluation path ( via reduced labour costs, called structural reforms) and increase exports and the current account surplus.

This strategy worked great for Germany. But for every current account surplus, there must be also a deficit somewhere in the world.

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  #172 (permalink)
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Tellur View Post


Imho one reason - but not exclusively - is the european economic malaise and growing inequality.

What was the strategy to respond to this crisis apart from monetary stimulus? Austerity and structural reforms.
Well, almost everyone here in Europe was and is more or less trying to follow and copy the German way to salvation and embark on an internal devaluation path ( via reduced labour costs, called structural reforms) and increase exports and the current account surplus.

This strategy worked great for Germany. But for every current account surplus, there must be also a deficit somewhere in the world.

Good point - Germany got more then 20 billions euro trade surplus ...every month.It is easy to understand why Germany are in so good shape - while all Europe pay for it...

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  #173 (permalink)
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  #174 (permalink)
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The people of the UK have voted to close their borders, as the US will likely do as well. It is then quite a shame really, that the afghans, iraqis, and Syrians had no chance to vote and close their borders....instead, they my must starve to death in their camps, while they watch their children die....yet there is no sense of responsibility for this at all?

I'm a Canadian, born Christian, now atheist for the obvious reasons. The Brexit was always about the borders. Borders being overrun by a people fleeing a conflict that has been raging for decades.

There are not many good economic reasons to leave the EU. I feel for Germany, shouldering the debt of the weaker states. States that are now considering leaving the EU as well, pathetic.

This is fear, this is nationalism....almost Trump style. Disgusting display of the worst of democracy.

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  #175 (permalink)
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xiaosi View Post
The people of the UK have voted to close their borders, as the US will likely do as well. It is then quite a shame really, that the afghans, iraqis, and Syrians had no chance to vote and close their borders....instead, they my must starve to death in their camps, while they watch their children die....yet there is no sense of responsibility for this at all?

I'm a Canadian, born Christian, now atheist for the obvious reasons. The Brexit was always about the borders. Borders being overrun by a people fleeing a conflict that has been raging for decades.

There are not many good economic reasons to leave the EU. I feel for Germany, shouldering the debt of the weaker states. States that are now considering leaving the EU as well, pathetic.

This is fear, this is nationalism....almost Trump style. Disgusting display of the worst of democracy.

Has it always been just about the borders though? And if it has, shouldn't the responsibility be shouldered by the ineffective EU's policies about managing the huge influx of refugees we have seen over the last 3 years and more?

I think Brexit is about more than just immigration though. It's a wake up call that the EU needs to rethink its strategy.

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  #176 (permalink)
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xiaosi View Post
The people of the UK have voted to close their borders, as the US will likely do as well. It is then quite a shame really, that the afghans, iraqis, and Syrians had no chance to vote and close their borders....instead, they my must starve to death in their camps, while they watch their children die....yet there is no sense of responsibility for this at all?

I'm a Canadian, born Christian, now atheist for the obvious reasons. The Brexit was always about the borders. Borders being overrun by a people fleeing a conflict that has been raging for decades.

There are not many good economic reasons to leave the EU. I feel for Germany, shouldering the debt of the weaker states. States that are now considering leaving the EU as well, pathetic.

This is fear, this is nationalism....almost Trump style. Disgusting display of the worst of democracy.

But they're not starving to death in their camps, however bad the conditions (which are safer than in their home countries) & the sensible counter argument (made by Cameron) to Merkel's misguided open doors policy was to spend the resources greatly expanding & improving (=schools & hospitals) the refugee camps closer to the refugees homes, to which they could one day return.

Every EU state already faces huge challenges of schooling, housing, health care & employment : there is simply no room & resources for millions (& it is millions) of refugees. Let's not even consider the ethnic & religious difficulties that this also brings (unfortunately it most certainly does).

The British people being able to choose Brexit is imho a fantastic demonstration of democracy at work - and the economic reasons were never at the centre of the argument (which is why the Remain camp lost, as that's where they had to place their argument). Immigration, yes, but political autonomy first & foremost (which controls immigration).

Edit : ... & as for "poor Germany" shouldering the debt of weaker states.... Germany is the winner from the EU, by far (= billions & billions & billions). It was the very wise George Soros who said the best solution to the EU problems would be for Germany to leave (the Eurozone at least), as it's dominance benefits only itself & cripples everyone else - ironically except for the UK with its GBP (discussed in prior posts on this thread).

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  #177 (permalink)
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Trump in Scotland speaking favorably about Brexit

"People are angry all over the world. They're angry over borders, they're angry over people coming into the country and taking over and nobody even knows who they are."

-Donald Trump

I wonder how he thinks all the Muslim people in the ME felt about "people coming into their country and taking over and nobody even knows who they are" FFS.....really??? The hypocrisy of this is just unbelievable!

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  #178 (permalink)
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xiaosi View Post
Trump in Scotland speaking favorably about Brexit

"People are angry all over the world. They're angry over borders, they're angry over people coming into the country and taking over and nobody even knows who they are."

-Donald Trump

I wonder how he thinks all the Muslim people in the ME felt about "people coming into their country and taking over and nobody even knows who they are" FFS.....really??? The hypocrisy of this is just unbelievable!

I hope 'Brexit' won't give Trump any more leverage than he's already had.

We however need to focus on the economic and trading implications of the event here, notwithstanding my sympathy for you about the hypocrisy of his remarks.

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  #179 (permalink)
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xplorer View Post
I hope 'Brexit' won't give Trump any more leverage than he's already had.

We however need to focus on the economic and trading implications of the event here, notwithstanding my sympathy for you about the hypocrisy of his remarks.

My feeling is isolist ideas are getting popular because only very few are getting benifits from these governments...UK proved it and US will be next in line, so Trump got boost for his ideas from Florida's incident and now BREXIT so he might have very good chance.

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  #180 (permalink)
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A Train Ride Shows Why Brexit Is So Agonizing for Britain

nice article explaining why common people vote and what is their understanding of the situation.

To summarize: none of them had any idea of what the EU is and how it works. The most intelligent admitted it and said that they need to make research to understand the consequences but most of them focused on issues that had nothing to do with EU.

R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
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