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matt_himself Matataland 06 Jul 17 1.08pm | |
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Originally posted by europalace
What's Malta got to do with the ECB using QE to help stem the strength of the Euro? You are alluding to a position that the UK economy is weak, whereas the composite economies of the EU are strong. Interested to know that as you espouse the economic policies of EU member states and the ECB, what is the composite of Malta's economy? I am sure that your last post was a genuine question and not an attempt at deflecting from my enquiry.
"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02 |
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Kermit8 Hevon 06 Jul 17 1.31pm | |
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Latest: UK economy growth 0 EU economy growth 1
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europalace Europe 06 Jul 17 1.35pm | |
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Originally posted by matt_himself
You are alluding to a position that the UK economy is weak, whereas the composite economies of the EU are strong. Interested to know that as you espouse the economic policies of EU member states and the ECB, what is the composite of Malta's economy? I am sure that your last post was a genuine question and not an attempt at deflecting from my enquiry. Malta's economy is one of the fastest growing in the EU and it has one of the lowest rates of unemployment. However, it's a very small island economy, so it's never going to affect EU financial health one way or another. It's main income cones from financial services. After that, it's one of the biggest centers in Europe for English language training, with more than 100,000 coning each year which is huge considering the country has a population of only 420,000. There is some high tech manufacturing also. Fish farming here is the biggest in the Med with the bulk of Tuna going for export to Japan. After that there is the diving industry, again with around 100,000 coming here each year for that. The construction industry has also gt huge as the massive influx of foreigners moving here to live continues. We've made a mint on property here over the last 10-12years. However, we will only stay here for a few years and move the family on to their fifth country to live in after that. Fabulous experience for the kids, they love it. Edited by europalace (06 Jul 2017 1.36pm)
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matt_himself Matataland 06 Jul 17 1.39pm | |
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Originally posted by europalace
Malta's economy is one of the fastest growing in the EU and it has one of the lowest rates of unemployment. However, it's a very small island economy, so it's never going to affect EU financial health one way or another. It's main income cones from financial services. After that, it's one of the biggest centers in Europe for English language training, with more than 100,000 coning each year which is huge considering the country has a population of only 420,000. There is some high tech manufacturing also. Fish farming here is the biggest in the Med with the bulk of Tuna going for export to Japan. After that there is the diving industry, again with around 100,000 coming here each year for that. The construction industry has also gt huge as the massive influx of foreigners moving here to live continues. We've made a mint on property here over the last 10-12years. However, we will only stay here for a few years and move the family on to their fifth country to live in after that. Fabulous experience for the kids, they love it. Edited by europalace (06 Jul 2017 1.36pm) By financial services, do you mean that Malta offers 'tax efficient' solutions for corporations registered in the country? I.e., it is a tax haven and its income is largely built on tax avoidance?
"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02 |
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Kermit8 Hevon 06 Jul 17 1.39pm | |
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"The confirmation that the UK was the worst performer in the EU growth league in the first quarter follows news last week that it was also trailing behind the world’s advanced economies, with Canada registering stellar growth in the first three months of the year."
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matt_himself Matataland 06 Jul 17 1.43pm | |
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You didn't report that fairly, did you Michael? That report states that 'year on year' growth is around 2% for both the UK and Eurozone, meaning that Brexit, or more accurately imminent Brexit, has not harmed the economy. Must stick in your craw after all those CBI scare stories you have posted on here, stating that Brexit would result in us living in some sort of a post apocalyptic version of hell. Edited by matt_himself (06 Jul 2017 1.43pm)
"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02 |
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Kermit8 Hevon 06 Jul 17 1.52pm | |
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Originally posted by matt_himself
You didn't report that fairly, did you Michael? That report states that 'year on year' growth is around 2% for both the UK and Eurozone, meaning that Brexit, or more accurately imminent Brexit, has not harmed the economy. Must stick in your craw after all those CBI scare stories you have posted on here, stating that Brexit would result in us living in some sort of a post apocalyptic version of hell. Edited by matt_himself (06 Jul 2017 1.43pm) We haven't left yet so save your faux and false economy celebrations now until at least the year after exit for a truer assessment on its impact. Plenty of pessimism from different corners of industry still out there, unfortunately. But with this superb bunch of front bench politicians and negotiators in Government it is hard to see how Brexit could be anything but a roaring victory in every quarter. Anyway, whatever happens you will always call it a success so your opinion doesn't matter much really.
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matt_himself Matataland 06 Jul 17 1.58pm | |
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Originally posted by Kermit8
We haven't left yet so save your faux and false economy celebrations now until at least the year after exit for a truer assessment on its impact. Plenty of pessimism from different corners of industry still out there, unfortunately. But with this superb bunch of front bench politicians and negotiators in Government it is hard to see how Brexit could be anything but a roaring victory in every quarter. Anyway, whatever happens you will always call it a success so your opinion doesn't matter much really. Michael, there was no celebration from me. I merely pointed out that you were not being 'totally straight' with your reporting and further point out that pretty much every single matter you have posted about Brexit and EU is either false, fanciful or exaggerated.
"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02 |
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Stirlingsays 06 Jul 17 2.05pm | |
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Originally posted by Kermit8
We haven't left yet so save your faux and false economy celebrations now until at least the year after exit for a truer assessment on its impact. Plenty of pessimism from different corners of industry still out there, unfortunately. But with this superb bunch of front bench politicians and negotiators in Government it is hard to see how Brexit could be anything but a roaring victory in every quarter. Anyway, whatever happens you will always call it a success so your opinion doesn't matter much really. We get it...you are a remainer. The SNP don't like Brexit either. Why don't you be true to your mooted allegiance and move to your Scottish socialist paradise.....Or you could do like Europalace has and move to the EU that you love so much. Did you actually read the article that you reported? It actually presents a far more balanced view than you appear to. The reality is that the EU isn't doing well at all. European banks have been bailed out yet again....Many on the blink of failure....Most economic data of the recent past showing very favourable UK growth and you jump on one quarter. People like you would have put us in the Euro.
'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen) |
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europalace Europe 06 Jul 17 2.07pm | |
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Originally posted by matt_himself
By financial services, do you mean that Malta offers 'tax efficient' solutions for corporations registered in the country? I.e., it is a tax haven and its income is largely built on tax avoidance? Malta's financial services offer companies a full range of corporate services as found in the UK or any other large economy and also wealth management in the same way for individuals, again services that can also be found in the UK. Corporation tax is lower in Malta than the UK but so are several other countries. Using the term 'tax haven' is a misnomer because the UK offers corporation tax levels lower than Germany for example, so the UK could be seen as a 'tax haven' also in that respect. Personal income tax levels are lower in Malta than the UK and several other countries but the country doesn't have massive infrastructure to support.
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Kermit8 Hevon 06 Jul 17 2.07pm | |
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Originally posted by matt_himself
Michael, there was no celebration from me. I merely pointed out that you were not being 'totally straight' with your reporting and further point out that pretty much every single matter you have posted about Brexit and EU is either false, fanciful or exaggerated.
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nickgusset Shizzlehurst 06 Jul 17 2.09pm | |
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I see that the EU have just completed a trade deal with Japan. Took just over 2 years to negotiate. Can anyone tell me if we are going to get a better trade deal with Japan now we aren't part of the largest trading block in the world.
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