EU referendum

EU referendum

  • In

    Votes: 503 47.9%

  • Out

    Votes: 547 52.1%
  • Total voters
    1,050
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BlueHammer85 said:
humble pie for a few 'financial experts' on here
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The IMF and other such global bodies/states will all take that line because in essence there are probable elements of truth in what they state, it's part of their mandate to ensure that there is global fiscal stability as they are the global lender of last resort. The question though that I think has to be asked is what is the medium term implication to the UK and EU - Short term even the leavers will agree that there will naturally be some disruption and negative impact on the economy in the UK- that's just a by-product of uncertainty. The real question is what will the UK look like in 3-5 years time once the dust has settled?

In my opinion the break up will effect the EU more in the medium term, the direction of policy and final goal is very well sign posted and openly salivated by many EU officials which is ever greater fiscal, monetary and political union with the goal of absorbing more Eastern/central states into the project, that can only create even further transferences of resources from the wealthier members to the more impoverished ones and that in turn will continue to ratchet up the growing social unrest that has been gathering pace in Europe as well as fuelling the ever increasing resentment we currently see.

The UK I believe will be starting to see the benefits of their actions as they have allowed themselves to diversify there trading options and remember the UK runs a substantial trade deficit with Europe anyhow, the UK dodged a bullet with the Euro (a universally agreed fact) - the question is will the UKs instincts serve her well again - on balance I think so.

This whole debate is going to boil down to peoples predictions of what life will be like post either event - I think that nutter Donald Rumsfield's fanous quote encapsulates the situation for both sides currently.

there are no "knowns." There are things we know that we know. There are known unknowns. That is to say there are things that we now know we don't know. But there are also unknown unknowns. There are things we do not know we don't know
 
grunge said:
http://www.bbc.co.uk/news/business-36024492

The UK's exit from the European Union could cause "severe regional and global damage", warning the IMF.
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From what I can see, the comments do not represent a detailed analysis of the implications of Brexit. More a passing reference to it in a 230 page World Economic Outlook. Its included as potential downside, among a number of other potential negative factors. In that context it probably falls into the "what you would expect them to say" category.
 
The IMF does not serve the interests of the global economy, but those of American finance (FED, US Treasury) in the world. The irony is that it does this with Tax Payers money. The IMF and the US require the UK to stay within the EU. The IMF simply furthers American Imperialism. Is it 17.5 Billion USD going to the Ukraine for a so called bail out ?
 
hgblue said:
Great word that 'could'. A vote to leave could result in fire breathing dragons reducing the country to ashes.
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Funnily enough, that's about as likely as the end of the world financial meltdown they are predicting, in fact, there is more chance of the financial meltdown from these fuckers own actions on a daily basis than there is us voting out!
 
hgblue said:
Great word that 'could'. A vote to leave could result in fire breathing dragons reducing the country to ashes.
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Well then. No point the inners arguing there case at all then. Might aswell leave it to the Outers as everything with be Bright and Rosy. Despite what the IMF say.
 
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