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posted by martyb on Wednesday December 12 2018, @12:37PM   Printer-friendly
from the Third-Verse-Same-As-The-First dept.

https://www.bbc.com/news/uk-politics-46509288

"Prime Minister Theresa May has called off Tuesday's crucial vote on her Brexit deal so she can go back to Brussels and ask for changes to it.

"As it stands the deal 'would be rejected by a significant margin' if MPs voted on it, she admitted."

The biggest stumbling block appears to be the issue between Ireland and Northern Ireland. In particular, what the borders will look like in terms of what people and goods will need to do or not do in order to cross it.


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  • (Score: 0) by Anonymous Coward on Wednesday December 12 2018, @10:06PM (1 child)

    by Anonymous Coward on Wednesday December 12 2018, @10:06PM (#773719)

    The problem with "no deal" is that it will really really screw up the UK's economy. Trade with the EU amounts to approximately 10% of the UK's GDP.

    UK trade deficit [hhttps] with the EU is £67 billion (£28 billion surplus in services less £95 billion in goods). UK trade surplus with non-EU countries is £41 billion. The UK accounts for 15% of EU GDP. [europa.eu] The EU not doing a good faith, mutually beneficial deal is a stupid idea.

    Centralization of power being bad is not something I'm willing to accept as axiomatic.

    Price controls are usually bad [iea.org.uk] if not always EU butter mountain level bad.

    For example, the EU definitely has treated Greece very badly during the latest economic crisis.

    Greece should never have been admitted to the Eurozone. Europe is simply a sub-optimal currency area. [city.ac.uk] I think you already know this.

    the latest economic crisis didn't turn into a major war like several pre-EU economic crises have.

    Not yet. [businessinsider.com] Western governments allowed companies to off-shore global growth. When government borrowing was based on growth projections, printing money and importing "human capital" simply suspends the inevitable.

  • (Score: 2) by legont on Thursday December 13 2018, @03:51AM

    by legont (4179) on Thursday December 13 2018, @03:51AM (#773879)

    Greece should never have been admitted to the Eurozone.

    but

    They [the Nazis] took away the Greek gold that was in the Bank of Greece, they took away the Greek money and they never gave it back,

    http://news.bbc.co.uk/2/hi/8536862.stm [bbc.co.uk]

    That's probably why Greece was admitted; and it was fun for awhile.

    --
    "Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.