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dinnerout wrote on Sun Apr 5, 2020 8:02pm:
One disappointing aspect of the crisis is the number of anti EU people gloating how well the UK is placed to weather recession in comparison to the European countries worst hit. It seems they're not satisfied with winning the Referendum, they want to see the EU suffer and break up. Not only...
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... is it disappointing but they seem to also be able to predict the future.
QE may not be available to Spain or Italy but there is no doubt that the EU will have to ensure that Spain and Italy do not suffer disproportionate hardship because that in itself will indeed risk the future security of the EU .
I believe that in the end, they will. And I believe trade between the EU countries will become stronger and more protectionist to the EU map than ever before.
The UK may have QE but it has yet to agree trade deals with Europe, the US, or indeed any country, and it may just find that the exit from the EU came at precisely the wrong time.
Obviously, time will tell, sad times for all, let's not bury the corpse until it's dead.
Steve
Dinnerout. I am not anti EU per se. But it is an inescapable fact that there are less net contributors to the EU coffers than vice versa and getting less with the exit of the UK. When the majority of EU countries require a vast amount of money to support them in these trying times it is impossible for the few to bankroll the many. It is all very well suggesting that the EU will be stronger after this because they will become closer and more protectionist but they need exports to bring in much needed revenue to support the states.They will need trade deals as much as any of the other countries of the world. Adam Smith concluded that a self contained market could never increase its wealth because it just recirculated the money available to it.
