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Italy is on verge of damaging the EU in a way which will dwarf Brexit.


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Old 27-12-2016, 23:03
onecitizen
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The EU doesn't have to look very far for problems, they are coming thick and fast.
http://business.financialpost.com/fp...l-dwarf-brexit
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Old 27-12-2016, 23:06
Jayceef1
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The EU doesn't have to look very far for problems, they are coming thick and fast.
http://www.wsj.com/articles/how-obam...ary-1438551147
Never a good idea to link to a site behind a paywall. Can't see anything that relates to Italy.
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Old 27-12-2016, 23:10
onecitizen
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Never a good idea to link to a site behind a paywall. Can't see anything that relates to Italy.
This.
http://business.financialpost.com/fp...l-dwarf-brexit
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Old 28-12-2016, 00:12
Jayceef1
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Thanks, Would be interesting to see what the EU does if Italy reintroduces the Lira.
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Old 28-12-2016, 03:37
MTUK1
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Thanks, Would be interesting to see what the EU does if Italy reintroduces the Lira.
Collapses hopefully.
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Old 28-12-2016, 04:58
i4u
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Thanks, Would be interesting to see what the EU does if Italy reintroduces the Lira.
More Project Fear with doom & gloom from Leavers.
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Old 28-12-2016, 05:22
Fab_J
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Collapses hopefully.
How about you have a look at what the very same online publications says about Canadas great trading opportunities, etc. Could potentially be interesting reading for some Brexiter:
http://business.financialpost.com/ne...n-how-to-trade
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Old 28-12-2016, 06:10
onecitizen
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A stable EU even without the UK is preferable. But that looks like an impossible dream at the current time.
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Old 28-12-2016, 07:55
voteout
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A stable EU even without the UK is preferable.
A sensible post for a change. Why anyone would want the bloc, upon which the UK relies for nearly 50% of its trade, to end in an acrimonious mess is beyond me.

By all means hope for its ultimate end. But 'collapse' is the last thing the UK needs. We'd be dragged down with it, regardless of our relationship with it. If it's going to end it needs to be in a clean and orderly manner.
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Old 28-12-2016, 08:19
allaorta
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A sensible post for a change. Why anyone would want the bloc, upon which the UK relies for nearly 50% of its trade, to end in an acrimonious mess is beyond me.

By all means hope for its ultimate end. But 'collapse' is the last thing the UK needs. We'd be dragged down with it, regardless of our relationship with it. If it's going to end it needs to be in a clean and orderly manner.
The EU is totally incapable of that.
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Old 28-12-2016, 08:25
i4u
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The EU is totally incapable of that.
I see the doom & gloom merchants are up early.
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Old 28-12-2016, 08:35
voteout
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The EU is totally incapable of that.
Well, phase 1 is Brexit, so we'll get a good idea of the way any eventual breakup will go over the next couple of years.

I remain unconvinced that the UK Government will do a better job of things than the EU side. Time will tell.
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Old 28-12-2016, 08:36
allaorta
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Well, phase 1 is Brexit, so we'll get a good idea of the way any eventual breakup will go over the next couple of years.

I remain unconvinced that the UK Government will do a better job of things than the EU side. Time will tell.
There have been plenty of indications already.
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Old 28-12-2016, 08:44
MTUK1
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How about you have a look at what the very same online publications says about Canadas great trading opportunities, etc. Could potentially be interesting reading for some Brexiter:
http://business.financialpost.com/ne...n-how-to-trade
May I suggest you study our history? We have, and always been a trading nation. We've excelled at it for thousands of years. Our exports to the world that is actually growing (not the EU) are doing quite nicely.
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Old 28-12-2016, 10:09
Rooks
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More Project Fear with doom & gloom from Leavers.
Have you seen page 1 of this sub-forum? Thread after thread of "The UK sucks and we are all doomed because of Brexit". Sorry if this one interrupts the flow of negative Brexit stories

Italy will be a huge problem for the Eurozone but France will be worse. The French economy is heavily invested in the Italian financial system and if Italy's system starts to tumble then France will follow. It'll be bad news for us too so I'm keeping a very keen eye on events in Italy to ensure I'm invested out of the market before anything happens. There's still a chance they'll kick the can down the road again but I'm not optimistic about it.
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Old 28-12-2016, 10:18
TheEngineer
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"Last Updated 8 December". Since then the Italian Government has agreed a €20Bn bailout fund.
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Old 28-12-2016, 11:00
moox
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A sensible post for a change. Why anyone would want the bloc, upon which the UK relies for nearly 50% of its trade, to end in an acrimonious mess is beyond me.

By all means hope for its ultimate end. But 'collapse' is the last thing the UK needs. We'd be dragged down with it, regardless of our relationship with it. If it's going to end it needs to be in a clean and orderly manner.
Unfortunately Brexiters don't seem to understand this.

e.g. the Eurozone. If it collapses, the UK has a problem (and may well be helping to bail certain countries out) whether we're in the EU or not. By not being in the Eurozone we're already as insulated as possible. Leaving will not allow us to say "sorry chaps, better luck next time" and pull up that ladder.
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Old 28-12-2016, 11:03
Fab_J
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May I suggest you study our history? We have, and always been a trading nation. We've excelled at it for thousands of years. Our exports to the world that is actually growing (not the EU) are doing quite nicely.
Since your nation has a very long history, you'd have to narrow it down a bit to the more specific parts you'd suggest I should study more closely.

And why you would wish political (and economic?) chaos upon the EU and the hundreds of millions of its citizens is beyond me.
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Old 28-12-2016, 11:16
MTUK1
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Since your nation has a very long history, you'd have to narrow it down a bit to the more specific parts you'd suggest I should study more closely.

And why you would wish political (and economic?) chaos upon the EU and the hundreds of millions of its citizens is beyond me.
When the EU has consent of its citizens, I will wish it well. Until then, I wish nothing but the worse for it.
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Old 28-12-2016, 13:04
Eurostar
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A sensible post for a change. Why anyone would want the bloc, upon which the UK relies for nearly 50% of its trade, to end in an acrimonious mess is beyond me.

By all means hope for its ultimate end. But 'collapse' is the last thing the UK needs. We'd be dragged down with it, regardless of our relationship with it. If it's going to end it needs to be in a clean and orderly manner.
Farage has repeatedly said he wants to see the complete collapse and destruction of the EU. I'm surprised that people never challenge him on this and point out that this would set off a recession in Europe much, much worse than the one in 2008 and which would probably last a decade or more.
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Old 28-12-2016, 13:59
Aetius_Maralas
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No, no no, everything is fine in Europe.

There hasn't been an Italian banking crisis for the last six months with regular emergency bailouts.

The Spanish have completely recovered and no long have a worring youth unemployment rate.

the Greeks are the powerhouse of Europe.

And all the refugees are fully intergrated and gone home.

The narrative now is purely how doomed the UK is.
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Old 28-12-2016, 14:39
onecitizen
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No, no no, everything is fine in Europe.

There hasn't been an Italian banking crisis for the last six months with regular emergency bailouts.

The Spanish have completely recovered and no long have a worring youth unemployment rate.

the Greeks are the powerhouse of Europe.

And all the refugees are fully intergrated and gone home.

The narrative now is purely how doomed the UK is.
Even as someone who voted remain I have been surprised at just how negative the reporting has been over Brexit, particularly the BBC who are meant to be impartial.
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Old 28-12-2016, 17:49
moox
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Even as someone who voted remain I have been surprised at just how negative the reporting has been over Brexit, particularly the BBC who are meant to be impartial.
How can you be any more impartial than reporting the facts?

The Brexshitters who whine about negativity don't seem to get it. The news is negative because there are no real positives to leaving - and the story told by Vote Leave is as good a fiction as Harry Potter or a Roald Dahl book
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Old 28-12-2016, 17:54
The infidel
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You can be sure that Germany and other founding members of the EU have kept emergency stocks Deutchmarks and Francs etc being dusted of as we speak and ready for emergency distribution once the ridiculous Euro is dropped. I also expect many EU nations will also want to use the good ol' £ Sterling when the Euro is no longer viable.
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Old 28-12-2016, 19:51
Penny Crayon
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I think the EU will cope just fine.

https://media.licdn.com/mpr/mpr/shri...OWU5YzVjYw.png
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