miltiades wrote:Guys, your views are based on personal views which have nothing to do with reality.
Who said " so what if sterling falls" ??
He obviously knows nothing about a nation's economy.
All three of you hate the European Union. Your driven by views not shared by economic fundamentals. The UK will suffer immensely more so ordinary people who will feel the shrinkage of the pound in their pocket. Good prices will rise, so will all utilities, flights, holidays will cost considerably more. Besides, we will be reduced to the levels of a third world country.
Paphitis is an idiot, proved it many times, how on earth can you share his twisted views !!
I did! It makes stuff all difference and it will be short lived.
Britain is big enough to make a go of this. Australia has no EU and has a strong economy and its less than half the size of Britain. Oh and we have a FTA deal with the EU, without having to deal with any of the EU crap Britain has to. So if Australia and the USA enjoy FTA with EU, there is no reason why Britain would be excluded from a FTA.
Plenty of upside outside the EU as well. They can sign FTA with whoever the like and they will explore new markets - Asia Pacific and North America even if the EU take up stumps and spit the dummy which they will not.
Britain will not be reduced at all. They had to deal with a lot more than this.
What this represents is a precedence for smaller countries to undo their shackles in the future should they require to do this. Let's say a country has a Banking Collapse and the EU are inflicting terrible and unrealistic austerity, they can follow Britain path and do an Iceland.