Pyrpolizer wrote:cyprusgrump wrote:Lordo wrote:the whole point of eu is that they united as one. so if the hingarians are unhappy they can fak off anytime they like.
They are 27 countries out of 195...
They have clubbed together as a 'Customs Union' and erected trade barriers to protect themselves from the rest of the world...
Pretty soon they'll realise (as the UK has) that the rest of the world has moved on and can do things better, cheaper and faster.
And the 27 will be 26 and 25 and 24 until the whole thing falls apart.
That was the original plan.
You forgot the reason for the creation of Euro.... to which every EU country should adopt sooner or later.(I think the UK as well)
Pretty soon the UK will have so much trade deficit that it won't know what to do.
They are not Americans to survive on ever increasing dept forcing the whole world to trade oil in Petrodollars
As for buying better, cheaper and faster, no matter what, isn't this the reason Trump announced new heavy tariffs on EU products?
https://time.com/5691458/trump-tariffs- ... cheese-eu/
The irony is that it is in fact the EU that is not performing. It's the worst performing continent on the planet.
The UK will be trading under WTO terms with the rest of the world - USA, Canada, Australia, China, India and so on like the rest of the world does.
Things will become cheaper and I also believe that Britain will end up outperforming the EU.
Also you do not know how trade works. It's private firms who trade, not the Government although the Government does trade as well when it buys services, and military equipment and other such things. The bulk of the trade is from private firms. Therefore a trade deficit does not end up as debt.
If it did, then Cyprus would instantly collapse into oblivion.
The USA has a AAA credit rating and very healthy current accounts, and its debt is serviceable and GDP growth outstrips debt growth.
The reason why people trade in USD (it's not just petrol) is because it's easy and USD is highly in demand for business and trade. It's the currency of choice because the exchange is easy and the currency is a lot more stable.
Pilots for instance sometimes have a choice of currency, especially if you work in Asia or the Middle East and most always opt for USD.