4 ms·

And how do you ensure compliance when half the Eurozone wants to exit? Yes, you can exact revenge against one rogue member, but several at the same time? Not

by Mikeb85 10y ago

And how do you ensure compliance when half the Eurozone wants to exit? Yes, you can exact revenge against one rogue member, but several at the same time? Not to mention, ruining their economy also ensures you won't get paid. Will private creditors stand for that?

jimnotgym 10y ago
That is not at all clear Mike. Even the French nationalists have dropped their calls to leave. This sounds opinion based
- Mikeb85 10y ago
  Really? http://ici.radio-canada.ca/nouvelle/1012240/allemagne-marine-le-pen-europe-droite http://ici.radio-canada.ca/nouvelle/1012240/allemagne-marine...
  - pikzen 10y ago
    The plan to drop out of the EU was removed from the FN's website because it was the one measure that was too unpopular with their voter base. Of course, it may just be for appearances, but I guarantee you that any Frexit plan would start up a shitstorm the likes of which have never been seen, and I wouldn't feel safe in the Elysée
    - Mikeb85 10y ago
      http://www.frontnational.com/le-projet-de-marine-le-pen/politique-etrangere/europe/ http://www.frontnational.com/le-projet-de-marine-le-pen/poli... That's their up to date position concerning Europe. They're calling for an end to the euro, a reintroduction of national currencies, and end to the Schengen zone (national sovereignty over borders), and article 50 of the Lisbon treaty is specifically mentioned... You're right though, their page concerning a referendum to outright exit has been archived.
quickben 10y ago
They can exit, but they would lose the richer part that stayed to trade in and buy their goods. It's a mess. The private creditors will probably want the opposite of exit, stability and more money, so they would be against any exits.
toomuchtodo 10y ago
Have you not seen the negative financial consequences Britain has experienced from Brexit? Their currency has lost its strength and companies are looking at moving out. It's not all sugar plum fairies and nationalism.
- alva 10y ago
  As he studies economics he is probably aware of quarterly GDP growth rates across the EU, including 2016/7 + projections. Or is GDP "sugar plum fairies and nationalism."?
  - toomuchtodo 10y ago
    GDP is a poor reflection of quality of life. The US GDP is "healthy", yet the middle class continues to evaporate and people keep ODing in rural areas from no future prospects. EDIT: I suppose its okay to be poor if you were the one to make the decision. I hope for an educated electorate in the future.
    - alva 10y ago
      So your original post was in regard to negative financial consequences, not quality of life. So far the UK has far exceeded expectations since Brexit especially compared to EU countries. Luckily you have articulated and agreed with one of the main drivers behind Brexit. Quality of life is not dictated by GDP. Brits were repeatedly warned of the potential economic (short and long-term) consequences of Brexit (short term turned out to be absolutely incorrect) but decided having full sovereignty was worth it. They decided Brexit would lead to a better quality of life even if it meant a weaker economy.
      - deleted 10y ago
        [deleted]
    - Mikeb85 10y ago
      > I hope for an educated electorate in the future. It's not about the electorate being educated/not educated. Part of the problem is that the uneducated working class hasn't benefited as much as the educated/elites in society. Part of why globalism was pushed, is the idea that by outsourcing/eliminated manufacturing and other blue collar work, our society could become more educated, and focus on an 'information' based economy. What wasn't anticipated is just how many people would be left behind, due to many factors including inequality, rising education costs, and then the fact that not all blue collar workers are cut out for university/office jobs. Anyhow, both globalism and protectionism are valid economic policies, depending on what you want the outcome to be. My personal opinion - both are highly flawed, but no one is ready for anything more progressive.
tw04 10y ago
>Not to mention, ruining their economy also ensures you won't get paid. Will private creditors stand for that? No, it really doesn't. It may incite a war, but it won't ensure you don't get paid. See: post-WWI.
NetStrikeForce 10y ago
> And how do you ensure compliance when half the Eurozone wants to exit? Half the Eurozone? Last time I've checked, Britain wasn't half the Eurozone. Even better, Britain has never been part of the Eurozone, so what exactly are you thinking about Mike? Do you really know the topic at hand? Mind you, it's OK to give your opinion without knowing the topic; but it's also OK to point out that the above is wrong and based on misinformation. EU != Eurozone P.S.: I'm sorry I've stalked your profile for exactly 2 minutes in order to get some context of who I am talking to. You claim to be studying economics, yet you fail to understand the difference between the EU and the Eurozone - being the latter purely economic and the former mainly political. I have also noted you are very keen on commenting about EU disintegration and passing biased opinions as facts (https://news.ycombinator.com/item?id=13406733 https://news.ycombinator.com/item?id=13406733). What's your agenda, Mike? P.S.2: Ok, just spent 2 more minutes (I just scrolled down your last 4-5 comments) and I know now what's your agenda.

by Mikeb85 10y ago

jimnotgym 10y ago

That is not at all clear Mike. Even the French nationalists have dropped their calls to leave. This sounds opinion based

Mikeb85 10y ago
Really? http://ici.radio-canada.ca/nouvelle/1012240/allemagne-marine-le-pen-europe-droite http://ici.radio-canada.ca/nouvelle/1012240/allemagne-marine...
- pikzen 10y ago
  The plan to drop out of the EU was removed from the FN's website because it was the one measure that was too unpopular with their voter base. Of course, it may just be for appearances, but I guarantee you that any Frexit plan would start up a shitstorm the likes of which have never been seen, and I wouldn't feel safe in the Elysée
  - Mikeb85 10y ago
    http://www.frontnational.com/le-projet-de-marine-le-pen/politique-etrangere/europe/ http://www.frontnational.com/le-projet-de-marine-le-pen/poli... That's their up to date position concerning Europe. They're calling for an end to the euro, a reintroduction of national currencies, and end to the Schengen zone (national sovereignty over borders), and article 50 of the Lisbon treaty is specifically mentioned... You're right though, their page concerning a referendum to outright exit has been archived.

quickben 10y ago

They can exit, but they would lose the richer part that stayed to trade in and buy their goods. It's a mess. The private creditors will probably want the opposite of exit, stability and more money, so they would be against any exits.

toomuchtodo 10y ago

Have you not seen the negative financial consequences Britain has experienced from Brexit? Their currency has lost its strength and companies are looking at moving out. It's not all sugar plum fairies and nationalism.

alva 10y ago
As he studies economics he is probably aware of quarterly GDP growth rates across the EU, including 2016/7 + projections. Or is GDP "sugar plum fairies and nationalism."?
- toomuchtodo 10y ago
  GDP is a poor reflection of quality of life. The US GDP is "healthy", yet the middle class continues to evaporate and people keep ODing in rural areas from no future prospects. EDIT: I suppose its okay to be poor if you were the one to make the decision. I hope for an educated electorate in the future.
  - alva 10y ago
    So your original post was in regard to negative financial consequences, not quality of life. So far the UK has far exceeded expectations since Brexit especially compared to EU countries. Luckily you have articulated and agreed with one of the main drivers behind Brexit. Quality of life is not dictated by GDP. Brits were repeatedly warned of the potential economic (short and long-term) consequences of Brexit (short term turned out to be absolutely incorrect) but decided having full sovereignty was worth it. They decided Brexit would lead to a better quality of life even if it meant a weaker economy.
    - deleted 10y ago
      [deleted]
  - Mikeb85 10y ago
    > I hope for an educated electorate in the future. It's not about the electorate being educated/not educated. Part of the problem is that the uneducated working class hasn't benefited as much as the educated/elites in society. Part of why globalism was pushed, is the idea that by outsourcing/eliminated manufacturing and other blue collar work, our society could become more educated, and focus on an 'information' based economy. What wasn't anticipated is just how many people would be left behind, due to many factors including inequality, rising education costs, and then the fact that not all blue collar workers are cut out for university/office jobs. Anyhow, both globalism and protectionism are valid economic policies, depending on what you want the outcome to be. My personal opinion - both are highly flawed, but no one is ready for anything more progressive.

tw04 10y ago

>Not to mention, ruining their economy also ensures you won't get paid. Will private creditors stand for that? No, it really doesn't. It may incite a war, but it won't ensure you don't get paid. See: post-WWI.

NetStrikeForce 10y ago

> And how do you ensure compliance when half the Eurozone wants to exit? Half the Eurozone? Last time I've checked, Britain wasn't half the Eurozone. Even better, Britain has never been part of the Eurozone, so what exactly are you thinking about Mike? Do you really know the topic at hand? Mind you, it's OK to give your opinion without knowing the topic; but it's also OK to point out that the above is wrong and based on misinformation. EU != Eurozone P.S.: I'm sorry I've stalked your profile for exactly 2 minutes in order to get some context of who I am talking to. You claim to be studying economics, yet you fail to understand the difference between the EU and the Eurozone - being the latter purely economic and the former mainly political. I have also noted you are very keen on commenting about EU disintegration and passing biased opinions as facts (https://news.ycombinator.com/item?id=13406733 https://news.ycombinator.com/item?id=13406733). What's your agenda, Mike? P.S.2: Ok, just spent 2 more minutes (I just scrolled down your last 4-5 comments) and I know now what's your agenda.