5 ms·

what economic sanctions? I haven't heard of any

• xiphias2 7y ago
  AFAIK EU wants closed borders and a different financial center if UK leaves EU. Both of these can have the effect of hurting the UK economy.
  • pjc50 7y ago
    It's the UK which is insisting on closed borders, specifically exit from the customs union and ending freedom of movement. The EU is just promising to reciprocate. Brexit is the UK imposing sanctions on itself. You can watch the GBP tick up or down according to how likely it looks to actually happen on any given day based on stupid statements by the PM.
    • xiphias2 7y ago
      Sure, what I was saying is that Switzerland could have distanced itself from US and EU, and it would probably have had a similar effect on the Swiss economy (and the CHF). Without outside money Switzerland would be in a much worse situation.
      • CHsurfer 7y ago
        Many in Switzerland would be happy if the CHF lost value. Of course, that's only true if we can somehow maintain the same level of trading rights.
  • onion2k 7y ago
    The EU wants the financial centre of the EU to be in the EU. That does make sense.
  • me_me_me 7y ago
    > AFAIK EU wants closed borders What? That is exactly the opposite of reality. Its the UK that want hard Brexit.
  • Maken 7y ago
    If by different financial center you mean a lot of banks leaving the UK, that is more a side effect of the UK leaving the custom union than a restriction from the EU. Banks don't like being unable to move their money.