Please can someone explain? Will we pay if we leave EU without a deal?

[HappydaysArehere]

With all this talk of billions of pounds which we are supposed to owe if we leave and talk of continuing to pay after we leave, I am in the dark. If we walk away with no deal will we pay anything like the amounts talked about? If we are able to do that surely the EU will be big losers as well as us! I am at a loss. Grateful for your input as I am bewildered. I voted to remain but must say the shenanigans being played by the EU are showing them as more like the Mafia than a democratic institution.

@M4dad

Yes, Olivia, continue to act blind to the fact that so many countries are teetering on the edge and and some are already experiencing horrific conditions whilst on the other handing pretending that the EU is the only way.

Empty comment.

Answer the question: why does another country in financial difficulty impact us more if we are a member of the CU and have access to the SM than if we are not. If you can't rationally answer this then you should not rationally hold this view.

Note you did not say how this could or would affect the UK. Or our membership in the CU or access to the SM. Complete bluster

It should be blatantly obviously how it could affect the UK, what with us still being part of the EU. Blatantly.

Some one needs to help me

I appreciate if you know this stuff its 'blatantly' obvious

Can someone explain it to me

Single market and cusoms union

I get that bit

It’s using race as a derogatory statement. Like, I could say “no homosexual is going to scare me!” Being white shouldn’t make someone below contempt, or being fat! Or male.

Why couldn’t Olivia say that no keyboard warrior’ or some such thing? No, she chose to shit on the white male demographic. Her agenda is probably as low as her debating skills.

*EU Youth unemployment is at 19%

That's not a future I want for my boy.*

Relevance? We are part of the EU now ... We should have this level of youth unemployment.

I'll ask again: why does our access to the SM or membership of the CU affect the UK's youth unemployment?

I appreciate if you know this stuff its 'blatantly' obvious

On the one hand you can worry about the financial state of other EU countries which are approaching critical mass....

Or on the other hand you can be like Olivia and pretend it doesn't matter.

Hope this helps.

@m4dad

It should be blatantly obviously how it could affect the UK, what with us still being part of the EU. Blatantly.

So go on. Explain. What happens ...

Target 2 balances. ECB equity drops ... Can a central bank run with negative equity? Does the ECB need to be recapitalised?

Even assuming it does, HOW DOES IT AFFECT THE UK??

@m4dad

I didn't say it doesn't matter. I asked you why you thought it did. And how it would impact the UK given that we do not have the euro as our currency?

Or how would a Target 2 balance balance default with the ECB even impact the EU vs EU countries? Let's start with that.

@M4dad

Are you confusing the eurozone with the EU ?

I'll ask again: why does our access to the SM or membership of the CU affect the UK's youth unemployment

EPHIANY

Oh right, so you don't actually give a shit about countries like Italy and Greece? They can burn for all you care

OK, gotcha, I thought you were some wonderful European Citizen when if fact that you're just a hard nose capitalist.

This makes much more sense and I apologise I didn't get you sooner, if you don't mind, I shall refer to you in future as Olivia Thatcher.

Isn't it weird, as a Brexiteer I care more deeply about the people of the EU than a Remainer.

Who would have thunk it?

M4Dad

Nice attempt at deflection. Answers Olivia's question.

I see

Thank you tamatoa

@Rufustherenegadereindeer1

Let me know if I can help clear anything up by the way. Happy to help impart whatever knowledge I have. Like SM and CU ... I can start with what these are ...?

@M4dad

Again, you have deflected. The statement I'll ask again: why does our access to the SM or membership of the CU affect the UK's youth unemployment says nothing about whether I care about other countries. Nor should the reply

So answer the question or just say you don't know.

m4

Right so another country in the EU gets into trouble financially and it impacts or could impact us...right i get that

So why is it worse if we are in CU and/or SM...is it cos we are financially tied in

Why is olivia not worried about it...I appreciate that you dont know this

How has Greece affected us

olivia

Thank you for the offer, do feel free to pm me if you have the time

Rufustherenegadereindeer1

How has Greece affected us and why would it be better if we were not in the EU?

@M4dad

BTW: I loved Thatcher. Didn't get everything right - no one does - but what a woman.

This is a very entertaining thread:

Remainer: asks perfectly reasonable question
Brexiteers: Answers different question / makes other strange unrelated aggressive statement.

And to make a random statement of my own...

Way back at the start of the thread.someone mentioned that Brexit would be good for Nissan in Sunderland as there would be tariffs on German cars, making them more expensive. That poster seems to be blissfully unaware that many parts (most?) of the cars assembled there will not be UK in origin and will attract tariffs of their own.

As an aside, sometimes.in my positive moments I think that Brexit wont be quite as disastrous, then I read the position of Brexiteers on threads like this and am reminded of my naivety (and that critical.thinking really, really needs to be taught in school)

@ItsAllGoingToBeFine

I agree wrt Nissan. Not to mention Just In Time manufacturing and the (separate) fact that car components often cross the Channel multiple times before getting into a finished product.

Both of these will be impossible if we are outside the customs union -JIT won't work if we have to wait for customs clearance and moving parts back and forth will take too long.

Given Barnier's statement today that he expects a CETA deal that's what's going to happen IF we get a deal. If we're under WTO only it gets worse because there will be less regulatory equivalency, no MRAs and higher tariffs. Ergo: Nissan shuts down. BMW moves electric mini production to the continent or China (as they've said they would under Brexit).

@ItsAllGoingToBeFine

Re your other points. There are reasonable and incredibly competent Brexiteers, so don't paint all with the same brush.

Peter North is one such chap: peterjnorth.blogspot.co.uk/search?q=WTO&max-results=20&by-date=true

But you would be right about the majority.

In a way I can't blame them: it's hard stuff and very arcane. I can understand some of it, but that's after a 25 year career in the City. And I must admit to struggling to absorb all of it because it's a huge volume of new and detailed information to assimilate.

What I do blame Brexiteers for is tribalism. It's the need to belong to the Brexit tribe without knowing or caring to understand the consequences. Anything that threatens the membership to that tribe gets shot down with spurious reasoning. They have given up the ability to think so that they can remain part of the tribe. That is inexcusable.

makes other strange unrelated aggressive statement. That's a lie, the worst he's said is the word shit, from the other side it's been nastiness and name calling, if that's not pathetic enough, you're lying about it!

@Vitalogy huh?