Should the UK remain a member of the EU

[Strontium]

Despite the whinging, the tears, the protestations, the ridiculous 'second referendum petition', the prophesies of doom, the accusations of racism and the name-calling of 'Little England thinking', history will show that this decision was the best decision for the future of this country.  Within a few years even all the hard-lefties on here will see that the country is thriving outside of the EU and doing better than if we had remained.

 

It would be a first for this forum if you were right about anything, and this is going to be no exception.

[cloggypop]

[Pureblood]

There won't be anymore immergants cos we got our country back innit.

[cloggypop]

New video from Professor Michael Dougan.

 

 

Well worth a watch.

[M_B]

New video from Professor Michael Dougan.

 

 

 

Well worth a watch.

 

Yes thats good.

 

In summary - Politicians in being dishonest shocka

[tokyojoe]

In other news, the Euro zone is in crisis but because they're locked into fiscal and monetary union, individual states can do little but turn to austerity programmes.

 

 

Europe's banking sector is braced for chaos, with Italian giants desperate for a bailout and Germany’s biggest lender deemed a threat to the world economy.

 

In Italy, politicians begged the European Union for permission to bail out troubled lenders sitting on more than £300bn of bad loans.

 

Meanwhile, Portugal – long feared to be a future flashpoint in the eurozone crisis – has been urged to double down on austerity measures in the uncertain times ahead.

 

 

 

+1

 

 

Dark days: The IMF said that Germany’s Deutsche Bank posed more risk to the global financial system than any other lender

 

And the International Monetary Fund said that Germany’s Deutsche Bank posed more risk to the global financial system than any other lender.

 

Concerns were already raging over Italian banks due to the huge amounts of dangerous credit on their books.

It led to the launch of a £4bn privately-backed rescue fund in April to shore up suffering lenders, but there were fears this still might not be enough.

 

 

 

The country’s problems are compounded by EU state aid rules which prevent its government from stepping in. And despite increasingly frantic requests for wriggle room from Italian ministers, eurozone bosses were refusing to budge last night.

Italy is understood to have requested flexibility in light of Brexit but the pleas have fallen on deaf ears.

German Chancellor Angela Merkel was asked about the issue at an EU summit. ‘We can’t come up with new rules every two years,’ she said in reply.

 

It echoes the view of the European Commission, which oversees finance and competition guidelines.

‘The commission is ready to help but so far it has not been convinced by what has been proposed in Italy,’ an official told Reuters.

 

‘Can the Italians really prove that there is a systemic problem caused by the British vote? I don’t know. There is a special impact on the banks, this is true, but everyone has been affected, not just Italy.’

 

Italian Prime Minister Matteo Renzi said he was confident savings could be protected under existing rules. However, Italy is not the only nation thought to be at risk from the vote.

Portugal’s left-wing government has been urged to slash costs by the IMF. The country, which is in the throes of a long recovery, was told to tighten its belt to ‘improve the economy’s resilience to shocks’. IMF experts warned Portuguese growth would be 1 per cent this year and 1.1 per cent the year after, and said its public debts – the largest in the eurozone – were a cause for concern.

 

This poses a problem for the nation’s anti-austerity socialist government. The IMF said there had been a ‘regrettable’ lack of progress on public sector reforms, and called for a ‘stable and predictable tax system’.

In more conservative Germany, the IMF said Deutsche Bank’s close links to other major lenders made it a risk to the world economy.

 

This means that if it collapsed, the ripple effects would be felt across the world.

HSBC and Credit Suisse were the second and third most risky lenders, the IMF said. It closely followed news that Deutsche Bank had failed a US Federal Reserve stress test for the second year in a row.

This was because of ‘broad and substantial weaknesses’ in its capital planning.

 

 

Read more: http://www.thisismoney.co.uk/money/markets/article-3666354/Chaos-Europe-s-big-banks-Italy-begs-40bn-bailout-German-giant-risk-economy-Portugal-faces-austerity.html#ixzz4D9sPuABV

Follow us: @MailOnline on Twitter | DailyMail on Facebook

All major British banks were 'stress tested' for an Italian banking failure a while ago. It will hurt them (a lot) but none are expected to fail.

[VladimirIlyich]

To be honest,its way too early for either side to claim it was in the country's best interests. There are obviously going to be knee jerk job losses and cuts which probably wouldnt have happened under remain circumstances.

[Spy Bee]

FTSE is at it's highest since August 14th 2015. Pound slightly up against dollar and down against euro. Somewhere rich people get richer while everyone else panics.

[Oh Buoy]

[skend04]

FTSE is at it's highest since August 14th 2015. Pound slightly up against dollar and down against euro. Somewhere rich people get richer while everyone else pays.

Fixed.

[M_B]

FTSE is at it's highest since August 14th 2015. Pound slightly up against dollar and down against euro. Somewhere rich people get richer while everyone else panics.

 

Yeah. And yields are at their lowest ever.

 

The problem now is the FTSE has recovered and is now high, while our banks have fallen since day 1. If the FTSE repeats that fall, our banks will be on the ropes.

[Red Phoenix]

Fucking Xenophobic little Englanders with less than fuck all knowledge of how the EU really works are dragging us all down

 

Fucking New World Order Matrix Sheeple with less than fuck all knowledge of how the corporate-owned EU really works are dragging us all down.

 

Etc, etc, pointless arguing like this.

[Red Phoenix]

Anarchy!! Fuck the system!!

 

 

[Section_31]

Don't know why people are fixated with stock markets and bonds and how they're reacting to all this, when have they ever been a litmus test for whether something was right or wrong? It's basically a bunch of twats who couldn't get into law school buying and selling based on what the person next to them is doing. 

[M_B]

Don't know why people are fixated with stock markets and bonds and how they're reacting to all this, when have they ever been a litmus test for whether something was right or wrong? It's basically a bunch of twats who couldn't get into law school buying and selling based on what the person next to them is doing. 

 

If a stock market crashes, the economy crashes and everyone loses their jobs. And if the banks fail, your taxes will be used to prop them up. Again.

 

That's why.

[Strontium]

To be honest,its way too early for either side to claim it was in the country's best interests.

 

Not too early for folk to be able to say how sick they feel about having their EU citizenship stripped from them.

 

An entire facet of someone's identity just gone, overnight.

 

It's disgusting and it should be illegal.

[Red Phoenix]

Not too early for folk to be able to say how sick they feel about having their EU citizenship stripped from them.

 

An entire facet of someone's identity just gone, overnight.

 

It's disgusting and it should be illegal.

 

 

[Strontium]

Get lost, cretin.

[dennis tooth]

Not too early for folk to be able to say how sick they feel about having their EU citizenship stripped from them.

 

An entire facet of someone's identity just gone, overnight.

 

It's disgusting and it should be illegal.

Which? Democracy?

[dennis tooth]

Yeah because your identity is given to you by being a member of something.

[jimmycase]

 

Its also cobblers. People arent having their 'EU citizenship' stripped from them. There's no such thing. Germans are still Germans, French are still French etc.

[Red Phoenix]

Get lost, cretin.

 

Hahaha.

 

@ggreenwald 3 hours ago

As failures of elite institutions become manifest, it's natural that democracy (ie the population) becomes the enemy.

[Strontium]

Its also cobblers. People arent having their 'EU citizenship' stripped from them. There's no such thing. Germans are still Germans, French are still French etc.

 

Jimmycase talking nonsense once again.

 

At the moment we all possess EU citizenship. We are all EU citizens.

 

Now we are having that citizenship stripped from us. We will no longer be EU citizens.

 

The millions of us who are happy and proud to call ourselves citizens of Europe will no longer be able to do so because of 17 million mouthbreathers.

[njackets]

Despite the whinging, the tears, the protestations, the ridiculous 'second referendum petition', the prophesies of doom, the accusations of racism and the name-calling of 'Little England thinking', history will show that this decision was the best decision for the future of this country. Within a few years even all the hard-lefties on here will see that the country is thriving outside of the EU and doing better than if we had remained.

 

Immigration will still happen - just at the rate we need and set for ourselves

We will still sell things to the rest of the EU

We will still buy things from them

The seas around our coasts will be fished solely by UK fishermen once gain, an industry that will be able to reverse declines

We will be able to support any of our industries that need support

House prices will start to become more affordable

We will sell more to the rest of the world

We will be responsible for our own laws. If you don't like them - vote for the opposition

We will once again be responsible for our own destiny

We will not be part of the EU when it eventually folds in on itself - it's only a matter of time.

 

 

The doomsayers need to take a hard look at themselves.

 

This is the first vote I have ever taken part in where I truly felt that mine and every other persons individual vote counted and mattered. The first vote where I have felt that this really was as close an exercise in true democracy as there could be, despite the lies from both camps.

 

Onwards and upwards!

Very good post!

[M_B]

Very good post!

Not really.