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Thread: EU thread

  1. #21
    Britain should have already left and engaged in more actively trading with the rest of the world, such as making direct trade agreements with Canada, India, Brazil, etc. You're a large country that doesn't even have the right to do that anymore. You are forced to be represented by the EU. So yeah, Britain doesn't really benefit from the EU since it doesn't offer it much, opposed to France and Germany who have a core role and are engaged in the project for their own benefit. France is the largest beneficiary from EU due to agriculture rights and Germany would be a diplomatic corpse without the EU. Not to mention is strong economy is largely supported by the fact that the Euro is a softer currency than what their national currency would have been, which helps its exports.

  2. #22
    I have to agree UK can leave EU the next day.
    I doubt they will do so though because UK has been the entrance of other countries such as NZ, Australia, India etc for EU. If UK is out of EU those countries will pretty much lose their step and mostly their voice in EU...

  3. #23
    India's voice will be too loud to ignore soon. <.<

  4. #24
    Well in order for India and other countries of that category to make the big step (the one that will make them enormous) will surely need the EU market. Even in crisis EU countries are still considered the richest in GDP per capita so I doubt any of these countries will want to close those doors...

  5. #25
    Fire Starter Insomniac's Avatar
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    The EU as a whole are doing fine, the EU as separate entities are not. It's the power of the few that is fueling the many. I honestly feel that if Germany and UK left the EU, it would completely collapse.

    The UK SHOULD be OK if they left the EU. They have strong trade routes with India, China, Japan, and now Brazil (who are emerging as a business power at an alarming rate). However, the US have voiced their opinion (not that it is warranted) about their displeasure at the thought of the UK leaving the EU. Why? Perhaps less power and say on what we do if we did? Who knows. Also, if (albeit I don't see it happening in a million years) the UK were to collapse, we could possibly be on our own with no help from the EU. Also, Scotland want to leave the UK and they possess a considerable amount of the oil around the UK and make up a fair chunk of our armed forces, so for that to happen and for us to leave the EU, could cause mass complications.

  6. #26
    Are you from the past? italialex7's Avatar
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    In my opinion, UK would never leave the EU, it's just that sometimes they like to say that they would be better off outside of it (which might be true) but without any real evidence that they would do actually do it.

    Btw, it's nice to see that they EU thread exists here as well

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  7. #27
    S&P downgrades Italy's credit on weak prospects

    Standard & Poor's Ratings Services lowered Italy's credit rating, saying the country's economic prospects are getting weaker.

    S&P lowered its long-term sovereign credit ratings to 'BBB' from 'BBB+' on Tuesday. The new rating remains investment grade and is two notches above "junk" status. The firm offered a negative outlook, saying it could make another downgrade in 2013 or 2014.

    S&P says Italy's economic output is falling and its economic prospects are getting worse after a decade of weakness. It now expects Italy's GDP to fall by 1.9% this year, worse than the 1.4% decline it forecast in March.

    S&P said Italy has run budget surpluses for most of the last decade, but taxes on capital and labor are higher than tax levels on property and consumption and Italian labor has become expensive compared with other EU countries.

    S&P said those problems are hurting the country's growth and economic competitiveness.

    Italy has the Eurozone's third-largest economy after Germany and France, and it is saddled with a huge debt. Its debt is equal to about 127% of its annual economic output, a proportion second only to Greece. Italy was able to manage its debt while its economy was growing, but a leading international economic body forecasts Italy's economy will shrink by 1.5% this year and grow only 0.5% in 2014, meaning its debt will become an even bigger part of annual GDP.

  8. #28
    Are you from the past? italialex7's Avatar
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    that was to be expected really...

    Avy & Sig by naru
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    Quote Originally Posted by Sky View Post
    My name is Italialex7. For five years I was stranded on an island with only one goal - survive. Now I will fulfill my father's dying wish - to use the list of names he left me and bring down those who are poisoning Animeflame. To do this, I must become someone else. I must become something else.

  9. #29
    Luxembourg PM Jean-Claude Juncker to resign in spy scandal

    Luxembourg Prime Minister Jean-Claude Juncker, Europe’s longest-serving leader, tenders his resignation on Thursday in a scandal involving the tiny nation’s secret services, alleged to have indulged in misconduct on his watch.
    “I am calling a cabinet meeting at 10am local (0800 GMT) tomorrow and I will hand in the government’s resignation,” Juncker told the Luxembourg parliament on Wednesday evening after a highly emotional seven-hour debate.
    Juncker said he would step down after his junior coalition partner, the Socialists, introduced a motion calling for the dissolution of parliament and early elections.
    “There was no other choice than to hand in the government’s resignation,” said Juncker. “I note that a majority favours early elections.”
    He said he would likely run for a new political mandate but did not say whether he would try for a new term as head of government in elections that might be held in October.
    Though aged only 58, Juncker has been in office for 18 years and in government for 30. He is best known in Europe for his recent tumultuous eight-year stint as head of the euro zone finance ministers group, which ended in January.
    In a rare political drama in tiny uneventful Luxembourg, the parliament examined a report alleging that the country’s SREL secret service, which the premier is supposed to oversee, had indulged in a series of misdemeanours from 2003 to 2009 that included illegal phone-taps, corruption, and even a dodgy car dealership.

  10. #30
    The only guy I kind of liked from EU's political scene. D:

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