to hate what Brexiters have done

[mrsmootoo]

I know this has been done before, but knowing that we are now likely on course for a No Deal Brexit in the midst of a pandemic I am so angry and upset about what Brexiters voted for. I'll forgive any who were conned and now think better of it, but I cannot get over the loss of Freedom of Movement to live and work in the EU - not so much for me, but for my children - and the way the UK is sliding in international standing economically and in attracting doctors, nurses, scientists etc. (I know from before that Leavers don't care what I think, but just had to post).

Germany has done well since adopting the Euro because they have submerged their economic surplus into European debt. Otherwise the DM's value would have pushed the price of their (high quality) manufactured goods above the market's ability to buy them. They have held down their currency to support export sales.

The £ will rank third behind the $ and the Euro for a while, until the world wakes up to the idea that unless Germany and the Northern European nations are prepared to underwrite the other 20 EU economies that are net recipients of development aid, which they won't indefinitely, or not for much longer without serious fiscal reform, then the house of cards is just a house of cards. ( I've left the yen and renminbi out of this discussion because I don't understand enough about those economies to follow the reasons for their currency movements.)

@KenDodd, if the people of Ireland want peace, then I am sure they are the best placed people to make peace. A united Ireland under the Eire/EU flag would not ruffle my feathers. I am equally happy for an independent Scotland to join the EU. At the end of the day, pragmatism is likely to win. Pragmatism always prevails, ultimately because trade and necessity always trumps political posturing.

Perhaps, given the strength of China, you should try to understand their economies, before talking about what currencies will and won't do.

How about getting the Republic of Ireland's name right for a starter?
Pragmatism hasn't worked with the present Government - their motto seems to be, "How can we smash the country?" That is certainly Cummings' aim and the rest are too spineless to tell him where to get off.

Please, Peregrina. tell me about China's economy and how the renminbi currency snake works? I wait for enlightenment.

You are the one making the arguments about currency. Ignoring the economy of a country which is now a major world influence only tells part of the story. If we didn't trade with China and only traded with the EU or US then perhaps we could exclude it.

That old chestnut!

The mark was very strong pre euro, Germany has been making hi end goods for decades and exporting them very successfully.

Meanwhile, the UK, despite huge falls in the value of sterling, can't make the goods the RoW wants, certainly not in the finished form.

The euro has been around since 1999, plenty long enough for the world to wake up to the perils of the euro/eu but it hasn't because the EU is, by supporting weaker members, is helping them grow economically, in turn providing future export markets.

Now you can argue this model of economic development is unsustainable but that is a problem with capitalism, not the EU.

btw sterling is not the 3rd strongest currency in the world, its fourth, behind the Yen, just ahead of the Aus$.

Not strongest should be traded.

the EU is, by supporting weaker members, is helping them grow economically, in turn providing future export markets. You forgot to add for Germany on the end of that sentence Jas.

It'll be fascinating to see if Lagarde can mange to keep all the plates spinning that Draghi set in motion. It'll also be interesting to see what the Italians decide to do about taking money for COVID. So far, the answer from their MPs has been no, as they are wary of the strings that will be attached.

Time to move on, OP

Time to move on, OP

Well that was helpful.

Is this your attitude to everything?

Time to move on, OP

Seems this guy has:

www.theguardian.com/business/2020/jul/07/jim-ratcliffe-ineos-land-rover-rival-france-wales

New Welsh factory at risk as Jim Ratcliffe's Ineos looks to make cars in France

Billionaire Brexit backer may ditch plan to build heir to Land Rover Defender at Bridgend, putting jobs at risk

And he's already left the country himself, staunch Brexiter that he is. Where is is faith in the country?

@Peregrina

And he's already left the country himself, staunch Brexiter that he is. Where is is faith in the country?

he's moved on. We all should.

He should be "moving on" by staying here and putting his back into making Brexit work, not doing a runner.

the EU is, by supporting weaker members, is helping them grow economically, in turn providing future export markets
You forgot to add for Germany on the end of that sentence Jas

mmm so the whole of the UK car industry don't exportanything to eastern europe & neither do Seat Peugeot, Fiat, JCB? i think they do!
My own company uses 3rd party tech support based out of Sophia.
Our services industry can then sell them insurance and other financial options.
Instead of moaning about Germany, why not support the UK to emulate them?

This lack of critical thinking is what has led to Brexit.

The world has got to the stage, with reverse engineering etc, that it's mainly ideas-generating cultures/economies that spawn copies. The freer and more irreverent they are, the more imaginative the concepts that emerge. Non conformist awkward bastard hybrids move the world forward faster than any committee.