@Carolinesbeanies
You are aware Olivia, that 'Flexit' that Peter North bases his new found online career on, was trashed across the academic board?
Not really no. As I indicated I read his posts and his papers because they are well researched and tend to be factual, so great to learn from. I don't usually subscribe to his opinions because I don't believe there is a good reason to leave the EU.
Facts are one thing - don't care where they come from as long as they are well ... factual. Opinions I can form myself.
Or let me ask another way, is there any school of economics that supports 'Flexit'?
What is this? I have searched Pete's blogs and he has used the word once since he has started his blogs - in May 2016.
I've heard of a Flexit clause in loan agreements which resemble Material Adverse Change ("MAC"), but that's not likely what you mean.
But whilst you are here, and its a fabulous opportunity for all of us to ask your expertise, whats your view on the MTO's and the shitfest that surrounds them?
By MTO you mean an outfit like the WTO? Multilateral Trade Organisation? What shitfest are you referring to? And why would we care?
The EU currently either rely entirely on the UKs goodwill to agree any extended period, or go to Parliament and ask for an enforced extended notice period.
I think you have things backwards. The UK is in the asking position here. We are the ones who will be relatively more damaged if there is no 'transition period' as it is now being called.
*In particular: Euratom and aviation as the 2 most oft cited examples.
Olivia, why do you believe the EU parliament will agree an enforceable extended notice period now, (which will then apply to all member states) whereas they point blank refused at the time of Lisbon?
Not aware of what was refused or not at the time - I'll defer to your understanding.
My understanding that the Leave clause was introduced as an afterthought and not much time spent on it because leaving the EU was not something anyone contemplated. This doesn't sound unreasonable; I'm not sure it matters.
Why things are different now in my view: well, a member state has expressed its intention to leave by A50 notification. And there appears to be a realisation that 2 years is not enough to agree Phase 1 divorce terms and - one hopes - a Phase 2 Heads of Agreement for the future relationship, which will include trade but also many other things. But there will be no time to enter into an agreement between now and March 2019, nor does A50 contemplate this. There appears to be widespread confusion that an agreement including trade will happen between now and then - a) not contemplated b) no time.
Why would the EU Parliament agree? Well, the EU27 must realise that the UK is an economy and a political and military entity that is and will continue to be useful to the EU27 citizens and so cooperation is beneficial. This is the game theory point I made earlier.
What is still politically unclear is what form a 'transition' will take. Easiest is clearly an 'extension' of A50 but the uproar from Brexit lot feels hard for May to manage.
PS Not sure I've addressed much here so - please clarify your ask. Your questions don't appear to me to be in the 'thick as pigshit' category so I appreciate your contribution.