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CambridgeEagle Sydenham 13 Oct 17 9.05am | |
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Originally posted by .TUX.
The amount of DEBT the EU continues to print to prop-up the 'bloc' seems to continually pass you by. While we're here, having being the first to make this board aware of Maltas income through passport sales, another 'first' is that this country earns 10% of it's earnings through online gambling. Edited by .TUX. (12 Oct 2017 9.18pm) EU credit rating = AAA AAA is 2 rungs better than AA2. Borrowing is lower in the EU. I think that talking about debt issued by the EU is relatively pointless in this debate.
In my opinion the Tories are making a total mess of it, they are only interested in themselves and their backers and are totally ignoring the reasons people voted for Brexit. The same reason why they did so poorly in the Brexit election they had this year. We're now in an extraordinarily weak position and no deal would be a disaster for numerous reasons. It's also fairly evident that it would be much worse for us than for the EU so it's not a particularly brilliant strategy, other than politically among Brexiteers. The EU 27 all have their own electorates they need to answer to, and anti-EU factions to ward off and for them no deal is quite good.
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CambridgeEagle Sydenham 13 Oct 17 9.16am | |
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Originally posted by Stirlingsays
How unexpected, Cambridge sees Brexit through the lens of his own beliefs. Apparently most people don't care about the EU.....Where in reality, more people voted against membership of the EU than have ever voted for anything in this country ever. But for you.....na, it wasn't about the EU...it was one in the eye for the establishment. Yet, come the election after it....less vote...and less vote for Labour than the ruling Tories by fifty odd seats. Some poke in the establishment eye that was.
I don't believe for a minute that most people in the country want the version of Brexit the Tories are leading us towards. They don't want a low tax, low regulation economy that is just focused on enriching the already rich and keeping the poor in their place. That's the direction of travel. People want better public services and a more equal society.
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chris123 hove actually 13 Oct 17 9.16am | |
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Originally posted by CambridgeEagle
EU credit rating = AAA AAA is 2 rungs better than AA2. Borrowing is lower in the EU. I think that talking about debt issued by the EU is relatively pointless in this debate.
In my opinion the Tories are making a total mess of it, they are only interested in themselves and their backers and are totally ignoring the reasons people voted for Brexit. The same reason why they did so poorly in the Brexit election they had this year. We're now in an extraordinarily weak position and no deal would be a disaster for numerous reasons. It's also fairly evident that it would be much worse for us than for the EU so it's not a particularly brilliant strategy, other than politically among Brexiteers. The EU 27 all have their own electorates they need to answer to, and anti-EU factions to ward off and for them no deal is quite good. 1) Who rates EU at AAA? 2) We are still in the EU. 3) EU credit ratings will be under pressure if the divorce bill isn't settled.
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CambridgeEagle Sydenham 13 Oct 17 9.20am | |
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Originally posted by Stirlingsays
How a remainer can complain about something being democratic or not is breath-taking. Parliaments are elected. The largest parties hold power because of an electoral mandate. If we don't like what Johnson and co do....well we can vote them out. I prefer those lunatics to your lunatics.
I'm no ardent remainer. My discussions have been about how we manage Brexit. I've constantly said I think Brexit could be a success, but right now it's heading for a disaster. There is such a spectrum of possibilities. Just because the EU isn't perfect and we could have a better and fairer society outside of it, doesn't make it a certainty. This is a chance to make our economy and society fairer, but the Tories want to take back power to have for themselves not for the people of Britain.
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CambridgeEagle Sydenham 13 Oct 17 9.22am | |
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Originally posted by chris123
That stat needs quarantining as the EU debt to GDP is skewed by Germany - Italy, France and Spain have higher debt ratios than the UK.
Also borrowing as a club with Germany as a member allows borrowing costs to be very low, so their debt in absolute terms is growing more slowly via accumulated interest, and their economies are growing faster so deficits shrinking faster and debt to GDP growing less quickly or actually shrinking.
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CambridgeEagle Sydenham 13 Oct 17 9.26am | |
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Originally posted by chris123
1) Who rates EU at AAA? 2) We are still in the EU. 3) EU credit ratings will be under pressure if the divorce bill isn't settled. The EU is rated AAA/Aaa/AAA (outlook stable) by Fitch, Moody’s and DBRS EU debt is guaranteed by all 28 countries so includes the UK, and all existing debt will continue to be post Brexit. Our credit rating has already been downgraded since Brexit talks started and is under far greater pressure as we're much more exposed and our economy is performing less well. Market expectations are already factored into ratings, so any expectation on the Brexit deal will be factored in now. Also the UK is legally bound to make certain payments and to guarantee these loans, even once they've left. If we renege on this it's our credit rating that will suffer (again). Edited by CambridgeEagle (13 Oct 2017 9.28am)
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hedgehog50 Croydon 13 Oct 17 9.33am | |
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Originally posted by CambridgeEagle
I can't vote Johnson out. The person I can vote for won't be allowed a say. That's not democracy. I'm no ardent remainer. My discussions have been about how we manage Brexit. I've constantly said I think Brexit could be a success, but right now it's heading for a disaster. There is such a spectrum of possibilities. Just because the EU isn't perfect and we could have a better and fairer society outside of it, doesn't make it a certainty. This is a chance to make our economy and society fairer, but the Tories want to take back power to have for themselves not for the people of Britain. LOL - you are a talented impersonator then. Edited by hedgehog50 (13 Oct 2017 9.34am)
We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men. [Orwell] |
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Kermit8 Hevon 13 Oct 17 9.36am | |
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Big chest and massive boobs |
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Kermit8 Hevon 13 Oct 17 9.37am | |
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Originally posted by hedgehog50
LOL - you are a talented impersonator then. Edited by hedgehog50 (13 Oct 2017 9.34am) Anyone over the age of 35 who uses LOL needs to be locked up.
Big chest and massive boobs |
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hedgehog50 Croydon 13 Oct 17 9.39am | |
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Originally posted by Kermit8
Anyone over the age of 35 who uses LOL needs to be locked up. What is the latest progressive term for it then?
We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men. [Orwell] |
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Kermit8 Hevon 13 Oct 17 9.42am | |
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Originally posted by CambridgeEagle
The majority of people do not want the Tory idea of Brexit. The majority probably don't care too much about the EU to be honest. They just want a system that is fairer, more equal and where public services and communities are invested in and helped and not simply left to rot. Sadly the Tories have used the result for their own ends and the lack of strength in the government is actually only helping them deliver a Brexit that works for the establishment and just gives them and the already wealthy more power. I think for the majority it most definitely was. Why do you think the demagogue Farage stood in front of that poster with that never ending line refugees/migrants? To put the willies up folk and to confirm that their unsure fears were entirely 'rational' is the answer. And a lot of Anti-EU rhetoric is, in the right-wing media anyway, unashamedly xenophobic. Some people buy into that. A lot apparently.
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Kermit8 Hevon 13 Oct 17 9.44am | |
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Originally posted by hedgehog50
What is the latest progressive term for it then? I prefer the regressive 'don't make me laugh' or 'you're on a wind-up' followed by a face palm. LOL is for girls on Facebook.
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