What currency ties? They have their own currency. All they've done is handed over their bargaining power and made it harder for themselves to export goods.
How is it handing over their bargaining power? Does anyone seriously think people are going to stop trading with the U.K.?
That's what I'm thinking. It may fall off for a bit until the butthurt subsides but long term, this is only going to help England. I see where France may be mulling over following suit. If anybody had an argument for stronger border enforcement it's France....
Stop? Hell no, but they don't have the power to influence trade laws and regulations in the EU so they've just complicated trade in the EU. What was once a common set of regulations will now be further muddied and that can't be good for trade. And Britain may have all the chips but if it can't negotiate then they won't have them for long.
Oh definitely but leaving doesn't suddenly make the UK stronger. It's made its economy weaker, and it's made the economies of its trade partners weaker. How is that a good thing?
In the short term, maybe but longer term this will be of tremendous benefit to the UK, which was what this was all about anyway.
A smart preemptive move IMO because the people of Germany is going to get tired of paying the bills for every one else eventually too
A central body setting economic policy over disparate governments with different needs, mindsets and goals is absurdity.
only way it significantly hurts the UK economy is if it destabilizes the region and that ends up hurting their economy.
sooner or later you knew either them or the germans or both were going to get sick of paying for the regions and world's problems. hopefully we can wake up too.
France has now overtaken the UK as the fifth largest economy in the world: http://www.express.co.uk/finance/ci...UK-worlds-fifth-largest-economy-pound-plunges
meh. The major press is acting like it is because it's heavily liberal and globalization is a part of that agenda.