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"Cutting off British financial services from the continent would result in British Financial insititutions divesting themselves of so much Germ-- I mean European --- assets as quickly as possible, without regard to market shocks. This would be unfortunate."
The Truth is there is a firestorm by several countries to flee the EU. The more who vote to do so, the less leverage the 4th Reich has. What should really happen is that the EU should devolve more or less back to where it was prior to the 90s.
When Greece and Ireland got in trouble, they ended up being bailed out by Germany. Are you saying that Germany should not have put it any conditions for the money that they fronted? They are not the ones who committed all sorts of mismanagement that required "rescue" in the first place.
When Greece and Ireland got in trouble, they ended up being bailed out by Germany. Are you saying that Germany should not have put it any conditions for the money that they fronted? They are not the ones who committed all sorts of mismanagement that required "rescue" in the first place.
The Germans lent ludicrous sums to Greece with the seizure of all kinds of basic assets should it default. They did this NOT for Greece's sake, but to restore confidence in the European Financial Markets dominated by Germany after the financial crisis, and they knew the likelihood of a payback was minimal. It was for their own benefit. When Greece defaulted on those impossible loans, the Germans were quite happy to seize Water Companies, Power Companies, etc. and squeeze Greece forever.
The Greeks should have left the EU and brought back the Drachma.
Bailouten Greichen? Keine Geld!
Welkommen ein millionen Arabien? Keine Problem!
Each rapefugee costs Germany 12,000 Euros just to process.
I heard Boris Johnson snubbed the meeting because it had an "Air of Panic". This is just posturing and blowhard bluster in the face of a Euro-wide Revolt. Brexit was just the beginning.
Thank god we didn't vote in America's Merkel.
http://www.dailymail.co.uk/news/article-3948808/We-not-letting-EU-German-finance-minister-warns-Britain-paying-Brussels-coffers-2030.html#newcomment
The correct response for Theresa May:
"German cars could be subject to tariff as early as 2017."
Anybody who thinks the EU isn't the de facto dominance of Germany...