Pyrpolizer wrote:Paphitis wrote:
What will happen Kikapu is that sanity will always prevail because the Germans don’t want to sink further into recession and kiss their car industry good bye and the UK would like to continue to trade with EU partners and also cooperate with them as a close ally at a security level.
So what will happen is that negotiations will continue and in the meantime trade will continue under WTO Article 24.
That is what will happen.
The people of Britain have voted. The EU need to respect the referendum outcome. It is fundamental to democracy. If the EU respect democracy then they will move on.
I wouldn't call a 0.1% drop in German economy a recession. It's more of a stabilizing indicator.
Yes I call that a recession alright that can only deepen if its biggest EU trade partner is unable to trade under current free trade terms.
It won’t be dire as I am no scare merchant but 0.1% can easily turn into minus 2% with 10s of thousands of jobs down the gurgler. A German MEP said that this will occur in the event of aNo Deal Brexit when Germany condemned the Luxembourg debacle saying that the EU must ensure negotiations continue even after a no deal Brexit.
It’s a double edge sword.
As for Britain, the people have already placed their independence ahead of money. So the cost is acceptable when you have your priorities set right - Queen and Country. Patriotism! Family ahead of money at all times.
There are always casualties in the fight for freedom. In the old days that price was hundreds of thousands of troops. Today it is a few Beasley Billions.