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So put your money. Make some short positions on Euro. And I would argue the opposite - the departure of the UK will leave the EU stronger. People will see what
by tasubotadas 8y ago
So put your money. Make some short positions on Euro.
And I would argue the opposite - the departure of the UK will leave the EU stronger. People will see what kind of clusterfuck it creates and they will learn that capital investors do not like such a mess.
While countries in the EU (especially Ireland - THE English speaking country successor in the EU) will enjoy the diverted cashflows into their economies.
If there is going to be any domino effect at all, it is going to be the resurrection of the Independence of Scotland which will most likely want to join EU at some point after that.
I would even argue that the EU will find happiness at least in a sense that they got rid of a member that enjoyed exclusive rights (no Euro, no Schendgen) which will make the path easier for the "United States of Europe" model.
Regarding the "afford" bit, the only party that can't afford that is the UK - the UK imports 55% of "stuff" from the EU, and exports 50% to the EU. The EU27 exports to the UK are 16% which puts it behind the US.
Finally, most of those anti-EU movements are a joke as they are tied with outsider parties partly funded by Russian money and some fake-news campaigns. Also, having Poland in that list is a mistake, Poland is one of the biggest benefitors from the membership, and there are no such movements at all. The only thing they are upset is the two-speed EU which is another topic altogether.
- http://time.com/4955503/germany-elections-2017-far-right-russia-angela-merkel/ http://time.com/4955503/germany-elections-2017-far-right-rus...
- https://www.thelocal.de/20180522/russian-payment-for-afd-leaders-private-jet-is-shocking-critics-say https://www.thelocal.de/20180522/russian-payment-for-afd-lea...
- https://www.smh.com.au/world/europe/marine-le-pen-s-brush-with-russia-s-shadowy-finance-world-20181229-p50op8.html https://www.smh.com.au/world/europe/marine-le-pen-s-brush-wi...
- hardlianotion 8y ago"And I would argue the opposite - the departure of the UK will leave the EU stronger." It won't.
- midasz 8y agoIt makes me so happy to read intelligent discourse.