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Indeed.
The Eurozone is teetering on recession; it depends hugely on the massive balance of payments surplus with UK. A No deal Brexit would tip it into recession.
That'll concentrate minds in Brussels.
Deluded as usual, latest figures show that in Q3 2019 the Eurozone economy was 1.2% bigger than the same quarter a year previously while the UK economy was 1.0% bigger. Only 2 of the 27 other EU countries currently have worse annual growth figures than the UK does, those 2 being Italy and Germany.
The UK is more dependent on exports to the EU27 than the EU27 is on exports to the UK.
Is a common trait among Brexiteers that they arrogantly overestimate their own importance.
Another trait that they have displayed time and time again is a complete lack of understanding of what the priorities of the EU27 are when it comes to negotiations.
The UK is more dependent on exports to the EU27 than the EU27 is on exports to the UK.
that is a load of rubbish, everyone knows the EU exports more to the UK than we do to them.
only about 9% of British companies export anything to the EU, the growing marketplace is Asia not Europe.
Germany is heading for a recession, Italy, Spain and Greece all have their problems and they are still rioting in France.
that is a load of rubbish, everyone knows the EU exports more to the UK than we do to them.
only about 9% of British companies export anything to the EU, the growing marketplace is Asia not Europe.
Germany is heading for a recession, Italy, Spain and Greece all have their problems and they are still rioting in France.
Relax.
He went to the Spoofernomics school of economics.
UK exports to the EU27 are a much bigger proportion of UK GDP than EU27 exports to the UK are a proportion of EU27 GDP.
That's a fact whether you like it or not, so if all exports in both directions were stopped tomorrow the UK would see a bigger fall in GDP than the EU27 would, again that's just a fact.
UK exports to the EU27 are a much bigger proportion of UK GDP than EU27 exports to the UK are a proportion of EU27 GDP.
That's a fact whether you like it or not, so if all exports in both directions were stopped tomorrow the UK would see a bigger fall in GDP than the EU27 would, again that's just a fact.
You are comparing percentage of one country's exports to one that has 27 countries tied together. Especially if the countries are close geographically. It does not take a rocket scientist to know the former will be bigger than the latter. As to future fall, time for the 2 sides to work out an agreement. I suspect there will be other markets opening up for UK other than EU.
Me thinks you are having a case of sour grapes. Relax. Everything will be fine.
You are comparing percentage of one country's exports to one that has 27 countries tied together. Especially if the countries are close geographically. It does not take a rocket scientist to know the former will be bigger than the latter.
That's the whole point, the other EU countries are only risking losing one country each as an export market if a deal is not struck. The UK risks losing 27 export markets, so its more serious for the UK.
That's the whole point, the other EU countries are only risking losing one country each as an export market if a deal is not struck. The UK risks losing 27 export markets, so its more serious for the UK.
we wont be losing . we'll be gaining.. and Glasgow is having a street celebration tonight ..
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