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Brexit 101
Started: by xplorer Views / Replies:18,559 / 493
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Brexit 101

  #11 (permalink)
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jtrade View Post
Pretty much aligned with this : Britain Stronger In Europe

I find The Sunday Times good for both sides of the argument, even though I have to wait till Monday to get it..

Thanks for the link - the FAQ on the site has some useful plain English statements that at least present one side of the story.

Whether they are factual or not is of course up for debate

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  #12 (permalink)
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What Boris said



"Out, out, shake it all about !"

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  #13 (permalink)
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I have never understood, why the UK has joined the European Union.

If you look at the world map of George Orwell's 1984, the US, Canada, Britain, Australia and New Zeeland were part of Oceania. Orwell was wrong about South America which has stronger ties to Spain and Portugal, and he had developed little understanding about the situation in South Africa, but otherwise he was correct.

If you look at the brotherhoods of spies, the US, Canada, Australia and the UK have much closer links between them than links with Continental Europe.

I would think that Britain sooner or later becomes part of a US lead confederation.

I think that it even simplifies the developmnt of the European Union. They have always been the odd man out.

Let them go!

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  #14 (permalink)
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Fat Tails View Post
If you look at the brotherhoods of spies, the US, Canada, Australia and the UK have much closer links between them than links with Continental Europe.

It's an interesting point and perhaps one of the chief reasons why US wants UK to stay. It would provide a European proxy to US's interests, akin to what Israel in the Middle East represents.

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  #15 (permalink)
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Battle of Brexit divides prominent fund managers - FT article

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"Terry Smith, the outspoken City investor, and Edmund Truell, the private equity veteran, are the latest high-profile fund management executives to have come out in support of a British exit or Brexit from the EU.

The rising number of fund managers to publicly back Brexit stands in sharp contrast to the banking and insurance industries, where senior executives have overwhelmingly argued in favour of the UKs continued EU membership."


Full article on Financial Times.

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  #16 (permalink)
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I am for an exit.

I think it is ludicrous to believe that a massive, unelected bureaucracy will be making timely and effective economic decisions or decisions of any kind. Or that such an organization can make 'one size fits all' decisions for a group of countries that are in such different economic situations.

Europe has grown into a cash eating monster that forces economic policy on member countries. Trouble is only the rich and disciplined ones comply and they end up being punished by having to bail out the less disciplined ones.

Trade will continue unabated simply because the demand for products is not driven by bureaucrats but by consumers. Demand will not fall away overnight and trade will continue under new free trade agreements. BMW will certainly pressure the German government to be allowed to still sell cars there.

Norway is not a member of the EU but participates in the EU internal market via The Agreement on the European Economic Area (EEA). Simple.

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  #17 (permalink)
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Fat Tails View Post
I have never understood, why the UK has joined the European Union.

Fear of being left out, I would say.

Ironically, the UK economy has been saved by NOT being in the Eurozone (as opposed to EU)... and the only reason we are not is because we were ignominiously booted out of the European Exchange Rate Mechanism in 1992 (precursor to the Euro introduction).

This was a cause of national shame, so I think the UK remained eager to remain a part of the developing EU.

How times have changed.

Question for @Fat Tails and any other German nationals here :

IF Germany was not presently part of the EU, but was about to hold a referendum to join (fully, inc the Eurozone) would you wish to join as is ?

Ja oder Nein !?

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  #18 (permalink)
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Fat Tails View Post
I have never understood, why the UK has joined the European Union.

We didn't.

What we joined was only the "European Economic Community", which was harmless enough, and probably even sensible enough, at the time, nearly 45 years ago. The "European Union" which it gradually turned into (though that was perhaps always the intention of some European governments, at the time) came much later, and we were in it by default. De fault of de government, as you might say.

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  #19 (permalink)
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jtrade View Post
Fear of being left out, I would say.

Ironically, the UK economy has been saved by NOT being in the Eurozone (as opposed to EU)... and the only reason we are not is because we were ignominiously booted out of the European Exchange Rate Mechanism in 1992 (precursor to the Euro introduction).

This was a cause of national shame, so I think the UK remained eager to remain a part of the developing EU.

How times have changed.

Question for @Fat Tails and any other German nationals here :

IF Germany was not presently part of the EU, but was about to hold a referendum to join (fully, inc the Eurozone) would you wish to join as is ?

Ja oder Nein !?


If Germany was not presently part of the EU, neither the Netherlands, nor the Scandinavian and Baltic States, nor Austria and Hungary or the other Eastern European states (with the exception of Romania) would be part of the EU.

I do not see France teaming up with Sweden, Poland or the Czech Republic without including Germany.

Maybe that EU would rather include Marocco and Algeria.

My answer is no. Germany would not be keen to enter such an ailing federation.

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  #20 (permalink)
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Good morning, sports fans...

As the press reporting around Brexit heats up - and in the UK it is really heating up - I see the British Government has one huge disadvantage that appears to be neutralising the innate advantage of being the "status quo", ie. the advantage of people voting to avoid major change.

Almost the entire Stay in the EU argument is based on economic fear : that the UK will be worse off financially if we leave.

The Out campaign, on the other hand, argues for far more than just economic reasons : the issues of sovereignty, way of life and being able to decide what the UK wants to do, unfeterred by unelected eurobeaurocrats in Brussels. It's a stronger argument imho.

6 months ago, like David Cameron, I thought there would be no Brexit. I've changed my mind and now think that the only EU leader more deluded by what his or her party really thinks is dear Angela (Merkel)...

23 June is not so far away...

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