Forget Grexit. BREXIT is the Bigger Threat to Europe.

[matrix zion]

...

I heard comments today about UK Prime Minister Cameron's latest proposal for staying in the EU, the idea is in peril there.  Boris Johnson, the Marxist mayor of London wants OUT (as do many others).  Britain has a much larger economy that Greece, and of course is much more integrated into Europe as a whole.

http://www.moneyandmarkets.com/forget-grexit-brexit-europes-latest-threat-76161?t=ezine#.Vsv_o_krLcu

I am not really knowledgeable about Britain and Europe -- it SEEMS like an important relationship, and were Britain to leave that would likely create a LOT of stress and other problems. 

The UK Pound fell today...

It seems like one yeah.
But it only seems.

Since the beginning UK had a rather... Special relationships with EU.
Time passing by, they only negociated for them and to be a perticular case in EU.

They're officially in the EU but that's all! They have nothing in common with the rest of EU anyway! They can leave whenever they want I'll be only pleased!

[Raimonn]

If Uk leaves the EU, it will affect to the economy of all the european countries. If some time ago some ones said that EU will have economic problems if they take off Greece, with Uk leaving the economy will be very affected. Trading for euro/dollar will be risky these weeks.

[NUFCrichard]

Boris Johnson, the Marxist mayor of London wants OUT

Boris Johnson is a long way from being a Marxist, it is possible that you meant Ken Livingstone, the former Mayor of London, but Boris is conservative!

[Kelarid]

The Brexit is very unlikely. The British are generally not in favor of changing the status quo. So I assume that most of the people who give out their opinion as "Undecided" in the opinion poll will vote against Brexit during the referendum. However, if the Brexit actually occurs, then it will negatively affect the EU in a big way.

The Brexit is just a bargain. Now UK got what it wants, so there will be no exit in reality.

[Laosai]

The Brexit is very unlikely. The British are generally not in favor of changing the status quo. So I assume that most of the people who give out their opinion as "Undecided" in the opinion poll will vote against Brexit during the referendum. However, if the Brexit actually occurs, then it will negatively affect the EU in a big way.

The Brexit is just a bargain. Now UK got what it wants, so there will be no exit in reality.

Exactly!

It's impossible for UK to leave EU, it would destroy them. 80% of their international transactions go through Europe, leaving EU would mean paying 10% tax on EVERYTHING xD

[markj113]

The Brexit is very unlikely. The British are generally not in favor of changing the status quo. So I assume that most of the people who give out their opinion as "Undecided" in the opinion poll will vote against Brexit during the referendum. However, if the Brexit actually occurs, then it will negatively affect the EU in a big way.

The Brexit is just a bargain. Now UK got what it wants, so there will be no exit in reality.

Exactly!

It's impossible for UK to leave EU, it would destroy them. 80% of their international transactions go through Europe, leaving EU would mean paying 10% tax on EVERYTHING xD

Taxes work both ways, what about if we slap a tax on french wine, champagne, cheese etc.

I take it you couldnt understand this chart -



Plus we pay in billions more than we get back.

What happens if your politicians piss of the UK public by making things difficult for us and we boycott spain, greece, germany etc. for summer holidays.  How much of your economy is based on tourism.

Dont forget the UK was doing just fine before the EU existed and will continue to do well after it dies  The only fuckers that want the EU to continue are the Euro MP's and the Eastern Europens that come begging for hand outs that we pay for.

[Carlsen]

Uk will leave after the vote in june. British people see themselves as British people, not as Europeans. Can't blame them there.
I see bigger problems for UK than I see for the rest of the Eu, if that happenes.
Brexit can't be compared to grexit cause UK has not the € as fiat.

[Pab]

Yes  it is much bigger,now the most popular english politicks,London governer has has joined Brexit coalition
If i will be british i will vote exit,but Trump like a president that is huge

[Karartma1]

The Brexit is very unlikely. The British are generally not in favor of changing the status quo. So I assume that most of the people who give out their opinion as "Undecided" in the opinion poll will vote against Brexit during the referendum. However, if the Brexit actually occurs, then it will negatively affect the EU in a big way.

What you say is true but most of the Brits don't care aboute Europe: they drive on the left side, they have sterlings instead of euro and so on.
If they are out that's Europe's problems not theirs.

Because it would be a smart thing to change the traditional side you drive on based on joining a union? That is something completely unrelated.

Also, they are not the only country in the EU that held their own currency in favor of the euro.

If they go out it is for sure a big problem for Europe, but also for the Brits. Imagine the impact on their economy. No more easy traveling there for EU citizins. No more tax free shipping, etc. It would severly impact their export and tourism and they can't handle that.

I have been in the UK long enough to understand that they don't need Europe at all: it is the other way round. And trust me they are really proud of their differences!

[7788bitcoin]

The British uses Pound and European uses EUR. British can learn from US to implement QE to "save" the economy, but not Greece... There is no harm for UK to stay in EU.

[markj113]

The British uses Pound and European uses EUR. British can learn from US to implement QE to "save" the economy, but not Greece... There is no harm for UK to stay in EU.

The UK has already implemented QE.

The UK staying in Europe is a cost and not a benefit for us, strange how all these Europeans posting think its a great idea for us to stay.  Probably because its only the UK, Germany and France that pay in while the rest are on the take.

[HarryKPeters]

The British uses Pound and European uses EUR. British can learn from US to implement QE to "save" the economy, but not Greece... There is no harm for UK to stay in EU.

The UK has already implemented QE.

The UK staying in Europe is a cost and not a benefit for us, strange how all these Europeans posting think its a great idea for us to stay.  Probably because its only the UK, Germany and France that pay in while the rest are on the take.

The UK won't leaven the EU. It would harm the EU, but it would harm the UK more.
They will get isolated.

And even worse, I am sure ireland/Scotland etc. will still want to be included in the EU since their economy depend on it.
Don't forget big US firms will instantly leave the UK countries if their are no financial benefits for them.

[markj113]

The British uses Pound and European uses EUR. British can learn from US to implement QE to "save" the economy, but not Greece... There is no harm for UK to stay in EU.

The UK has already implemented QE.

The UK staying in Europe is a cost and not a benefit for us, strange how all these Europeans posting think its a great idea for us to stay.  Probably because its only the UK, Germany and France that pay in while the rest are on the take.

The UK won't leaven the EU. It would harm the EU, but it would harm the UK more.
They will get isolated.

And even worse, I am sure ireland/Scotland etc. will still want to be included in the EU since their economy depend on it.
Don't forget big US firms will instantly leave the UK countries if their are no financial benefits for them.

Scaremongering at is finest.

So you are suggesting that if the UK left Europe then trade would suddenly stop. 

I dont think so, the UK is also a large importer from Europe so if these countries want to sell us the goods they must also allow us to export our goods to their country.

[bryant.coleman]

The UK won't leaven the EU. It would harm the EU, but it would harm the UK more.
They will get isolated.

Nothing will happen to the United Kingdom. They will do just fine. If you have any doubt, then look at Switzerland and Norway. These two countries are not part of the EU, and still they are doing really good. On the other hand, the EU will be severely handicapped. Without the funding from the UK, they will be forced to cut back their welfare programs.

[minor-transgression]

Back in the 1980's when North Sea Oil was booming, the UK contributed ~£2Bn per year
to subsidise French farmers, Irish roads, and Italian corruption. That greased many wheels
within Europe, but these things do not last. North Sea oil and gas moved the UK from
being the sick man of Europe to the world's fifth largest economy. Today it is 50:50 but
the memory remains.

Today, Germany wants Frankfurt as the financial centre of an European superstate, and that
is frequently at odds with what, specifically, the City of London wants.

The other players in the game are the UK landowners - they want Shengen extended because
more immigrants means more rent, and more income to them. Farmers and fishers want out
because they lost out when the UK went into the EC, supposedly to favor British industry.
Recently, big chunks of British industry were bought by foreign investors, hence there is no
broad support for staying in from that quarter.

And finally, having seen the politics and the financial games playing out in Greece, and in
Ireland, staying in the EU will be a hard sell to any sane Brit. There is no way the ECB
will look favorably on  post-2008 bailouts of British Banks. 

[Kelarid]

Back in the 1980's when North Sea Oil was booming, the UK contributed ~£2Bn per year
to subsidise French farmers, Irish roads, and Italian corruption. That greased many wheels
within Europe, but these things do not last. North Sea oil and gas moved the UK from
being the sick man of Europe to the world's fifth largest economy. Today it is 50:50 but
the memory remains.

Today, Germany wants Frankfurt as the financial centre of an European superstate, and that
is frequently at odds with what, specifically, the City of London wants.

The other players in the game are the UK landowners - they want Shengen extended because
more immigrants means more rent, and more income to them. Farmers and fishers want out
because they lost out when the UK went into the EC, supposedly to favor British industry.
Recently, big chunks of British industry were bought by foreign investors, hence there is no
broad support for staying in from that quarter.

And finally, having seen the politics and the financial games playing out in Greece, and in
Ireland, staying in the EU will be a hard sell to any sane Brit. There is no way the ECB
will look favorably on  post-2008 bailouts of British Banks. 

That is the good description of the past. I got the impression that the UK government is encouraging the blockchain technology. This may make UK strong again.

[tyz]

Agree with you! UK will get bigger problems than the EU when it is going to leave the union.
Many banks residing in London will move their operations into the EU. It will definitely have a good effect for cities like Dublin, Paris and Frankfurt which are further considerable financial spots in Europe.

Uk will leave after the vote in june. British people see themselves as British people, not as Europeans. Can't blame them there.
I see bigger problems for UK than I see for the rest of the Eu, if that happenes.
Brexit can't be compared to grexit cause UK has not the € as fiat.

[European Central Bank]

Maybe the rest of the EU will breathe a sigh of relief when the UK's gone. By the sounds of it all they do is moan and bitch anyway.

[NUFCrichard]

Maybe the rest of the EU will breathe a sigh of relief when the UK's gone. By the sounds of it all they do is moan and bitch anyway.

Germany won't be happy if the UK leaves.  The UK wants to reduce it's deficit, wants to be globally competitive and is a big net contributor to the EU.
If they leave, Germany will have to pay more to cover the ever increasing number of poorer countries who are members or will be members.

If the UK leaves, I think other countries will consider doing the same thing. The EU would be better if they hadn't expanded in the last 15 years, it isn't a fair union anymore.

[jt byte]

Maybe the rest of the EU will breathe a sigh of relief when the UK's gone. By the sounds of it all they do is moan and bitch anyway.

They got some legit concern. Especially the huge amount of immigrants from poland is causing great problems.
Apart they are alcholist, uncivilized they cause social tention too.

Sure it's in the best of the UK to stay, but if the rules they want got implemented the rest of the EU would benefit too.