Brexit is Costing Britain 500 Million Pounds per Week and Growing

[Altfish]

The cost of living was low in Greece before they joined the EU. They could not afford to go into the EU because they could not afford the payments. Like wise the Euro and rise in cost of living etc hit their tourist trade. What was once a reasonable priced holiday destination became an unreasonable one. Value for money hit rock bottom. People will not pay the prices for Greece they can pay to go elsewhere like America. Were you alive in the pre-EU state of affairs? Did you experience the affect on our finances and economy that joining the EU, had? I did, we were worse off after we joined. May be you were told but some of us experienced it.

I do not know about Greece, we are talking about the UK not Greece.

 

[RESOLUTION]

How did the UK economy do since joining the EU? | News | Institute for New Economic Thinking at the Oxford Martin School

https://www.quora.com/What-was-the-UK-like-before-joining-the-EU

What has the EU done for the UK? | Financial Times

How did the UK economy do since joining the EU? | News | Institute for New Economic Thinking at the Oxford Martin School

https://www.quora.com/What-was-the-UK-like-before-joining-the-EU

What has the EU done for the UK? | Financial Times

I said bring the figures that is you. Show them and how they prove what you say.

 

[RESOLUTION]

I do not know about Greece, we are talking about the UK not Greece.

Yet you claim the EU is great for Britain? The EU had to be good for all countries to be a success. If one countries fails it all fails.

 

[Terrywoodenpic]

The USA has already promised to increase trade. Do you think that GB would really lose out? The Companies would be able to trade with the rest of the world and get a better deal because the EU are not holding them to ransom regarding trading prices and issues. The reason why a lot of companies now want to leave is because their product can be sold on an open market far greater than the EU. The reason that GB economy could be affected is the fact so many of their people have been pushed into poverty by it's Government and to have a good trade here you need to have your people financially fluent enough to afford your products.

We already trade with the rest of the world. so no change there.
Governments may offer what they like, But it is trade between our and other foreign companies that matter. We can of course still trade with EU countries. But we lose free movement of goods and services, and zero duty. which will make our prices noncompetitive.

 

[Altfish]

Yet you claim the EU is great for Britain? The EU had to be good for all countries to be a success. If one countries fails it all fails.

No, I've made no such claim.
I have consistently said only that the UK is better off in the EU than out of it.

From what little I know Greece needs to sort out its tax collection.

 

[Altfish]

I said bring the figures that is you. Show them and how they prove what you say.

I have given you three articles all with graphs showing growth of the UK when we were in the UK - what more do you want?

 

[Terrywoodenpic]

Yet you claim the EU is great for Britain? The EU had to be good for all countries to be a success. If one countries fails it all fails.

Greece had and has the same opportunities as all other EU countries and has had massive support, It is the failures of its own government policies and companies that is the problem for them.
however they are slowly improving, with the help of the EU.

 

[Terrywoodenpic]

The cost of living was low in Greece before they joined the EU. They could not afford to go into the EU because they could not afford the payments. Like wise the Euro and rise in cost of living etc hit their tourist trade. What was once a reasonable priced holiday destination became an unreasonable one. Value for money hit rock bottom. People will not pay the prices for Greece they can pay to go elsewhere like America. Were you alive in the pre-EU state of affairs? Did you experience the affect on our finances and economy that joining the EU, had? I did, we were worse off after we joined. May be you were told but some of us experienced it.

Absolutely...... I live through WW2 and all that followed. we were in a desperate state financially before we Joined the EEC/EU
at that time under the conservative government of Ted Heath inflation was rampant. It was so bad there were "Automatic" pay increases almost every month as inflation exceed the threshold set by government. prices and pay were out of control. financial reserves were depleted and exports falling.
It took a while for things to get better, as we first had to go through a period of austerity to get our finances on a proper footing, from then on things improved rapidly. we have the EEC/EU to thank for our progress.

 

[The Emperor of Mankind]

Yet you claim the EU is great for Britain? The EU had to be good for all countries to be a success. If one countries fails it all fails.

You cannot reasonably blame the EU because the Greek government deliberately misrepresented its fiscal position to continue unattainable borrowing, and refused to address rampant tax avoidance & evasion by the wealthy who caused the biggest problem, and then by the working & middle classes who understandably didn't feel like picking up the shortfall left by the selfish affluent.

 

[RESOLUTION]

You cannot reasonably blame the EU because the Greek government deliberately misrepresented its fiscal position to continue unattainable borrowing, and refused to address rampant tax avoidance & evasion by the wealthy who caused the biggest problem, and then by the working & middle classes who understandably didn't feel like picking up the shortfall left by the selfish affluent.

YOU....??? Can you really believe that in joining the EU that they did not go over financial records for Greece? Greece joined the EU in 1981 however they did not start the use of the Euro till 2001. 20 years later they changed their monetary unit and the launch of the Euro in 2002.. I think their financial troubles really hit them in 2008. Do you not think that the financial wizards could not have predicted what would happen when Greece joined the EU and then the monetary disaster which followed after 27 years? How do the Wealthy avoid high taxation?

Why did Greece have to borrow? 20 years in the EU and seven years later financial crisis... You cannot blame Greece for the EU's complacency.

 

[Terrywoodenpic]

YOU....??? Can you really believe that in joining the EU that they did not go over financial records for Greece? Greece joined the EU in 1981 however they did not start the use of the Euro till 2001. 20 years later they changed their monetary unit and the launch of the Euro in 2002.. I think their financial troubles really hit them in 2008. Do you not think that the financial wizards could not have predicted what would happen when Greece joined the EU and then the monetary disaster which followed after 27 years? How do the Wealthy avoid high taxation?

Why did Greece have to borrow? 20 years in the EU and seven years later financial crisis... You cannot blame Greece for the EU's complacency.

Greece finds itself in the present position because their government has been ineffectual and corrupt for many years.
They have had the same opportunities to progress as every other EU member.
No one has been able to predict the future course of any country, whether in or out of the EU.
Greece is no exception.
Their present problems are their own doing and have worsened in defiance of the EU financial regulations.
It is only support from the EU that is preventing a total melt down.

 

[Altfish]

YOU....??? Can you really believe that in joining the EU that they did not go over financial records for Greece? Greece joined the EU in 1981 however they did not start the use of the Euro till 2001. 20 years later they changed their monetary unit and the launch of the Euro in 2002.. I think their financial troubles really hit them in 2008. Do you not think that the financial wizards could not have predicted what would happen when Greece joined the EU and then the monetary disaster which followed after 27 years? How do the Wealthy avoid high taxation?

Why did Greece have to borrow? 20 years in the EU and seven years later financial crisis... You cannot blame Greece for the EU's complacency.

The crash happened in 2008.
Every country, even with good fiscal management, suffered. Greece has lousy fiscal management and it suffered worse than most.

The EU had little effect on it, maybe even helped buffer the worse effects.

 

[Notanumber]

The main problem why Greece has suffered is because they cannot devalue their currency.

We all know why that is.

 

[Cooky]

Article.

Comments?

Why?

 

[Terrywoodenpic]

The main problem why Greece has suffered is because they cannot devalue their currency.

We all know why that is.

Of course they can not devalue the euro that they share with other countries.
They chose to enter the Eurozone, others including the UK did not
It was their choice.
Part of that choice was acceping the fiscal and other rules than were part of it.

 

[Notanumber]

Of course they can not devalue the euro that they share with other countries.
They chose to enter the Eurozone, others including the UK did not
It was their choice.
Part of that choice was acceping the fiscal and other rules than were part of it.

At least the UK did not get suckered into that racket even though the experts kept telling us that we would be fools if we refused to join the Euro.

 

[Terrywoodenpic]

At least the UK did not get suckered into that racket even though the experts kept telling us that we would be fools if we refused to join the Euro.

Greece never kept to the fiscal rules, that was their problem. Other countries have managed their financial affairs far better.
The UK has steadily lost value aginst the euro..

Too many of the euro regulations are "optional" and not easily enforceable, which gives to much scope for backsliding.

 

[Notanumber]

Greece never kept to the fiscal rules, that was their problem. Other countries have managed their financial affairs far better.
The UK has steadily lost value aginst the euro..

Too many of the euro regulations are "optional" and not easily enforceable, which gives to much scope for backsliding.

The EU is too big for its boots and is unmanageable.

 

[Terrywoodenpic]

The EU is too big for its boots and is unmanageable.

The euro is managed separately to the EU.
the EU has a management structure that is still a work in progress and relies on the collective inputs of the member states.
Much like the USA does.
China and Russia are perhaps larger in most respects, But each have a virtual dictatorship.
India has a central and state system that seems to muddle along year by year, but not exactly a role model for anyone.
China is the only world power with a long term strategy, and the means to see it through.
America has an inbuilt power paralysis and never has had a long term strategy, as it moves in four year bites.

 

[Notanumber]

The euro is managed separately to the EU.
the EU has a management structure that is still a work in progress and relies on the collective inputs of the member states.
Much like the USA does.
China and Russia are perhaps larger in most respects, But each have a virtual dictatorship.
India has a central and state system that seems to muddle along year by year, but not exactly a role model for anyone.
China is the only world power with a long term strategy, and the means to see it through.
America has an inbuilt power paralysis and never has had a long term strategy, as it moves in four year bites.

I am sure that the UK is capable of managing without being controlled by a virtual dictatorship of any description.