Reply to: Time to stop talking about Brexit and move on

[Cirrus]

Five Years to the End of the Season?

Liam Fox has a deadline in mind for a Brexit transition period: The next General Election in 2022 | City A.M.

[BrilloPad]

We don't stop talking about football after the very first game. We all know all sorts of things can happen from the start to the end of the season.

A few people thought the referendum was like the Charity Shield - one game and that's it; all or nothing.

It wasn't. It was just the start. The Exiteers won the first match, but only by a very fine margin. However the Brexitship will run over at least two years. It's far too early to pick who will be champions.

The supporters of each side will be shouting for a long time yet.

The divorce was always going to be messy. That was the only argument for remain.

Hopefully all Brexit threads will be moved into a sub forum. Brexit has come to dominate general in a very unhealthy way.

[Cirrus]

Don't put your scarves back in the attic just yet

We don't stop talking about football after the very first game. We all know all sorts of things can happen from the start to the end of the season.

A few people thought the referendum was like the Charity Shield - one game and that's it; all or nothing.

It wasn't. It was just the start. The Exiteers won the first match, but only by a very fine margin. However the Brexitship will run over at least two years. It's far too early to pick who will be champions.

The supporters of each side will be shouting for a long time yet.

[woohoo]

And in other news a thick Brexiter gets angry about stuff he doesnt understand. Always angry about something, Brexiters. If you want to get angry get angry about Farage, Gove and Johnson who've sold you down the river.

Reading your rant again, what comes across is how very, very, very stupid you are.

Sasy, sasy what a strange little man you are. I would miss you though if you ever decided to go back to mumsnet.

[woohoo]

The Greeks pay a far lower interest rate on loans from the EU than they would on the market, and a substantial amount of debt has actually been written off.

https://www.esm.europa.eu/publicatio...enefits-greece

If the Greeks were to default then they would be able to raise no new capital for a long while and then only at very high interest rates.

When Argentina defaulted there was no foreign investment at all for several years. Contrast that with Greece which is now growing. Argentina's debt wasn't forgiven, they just simply stopped paying the interest and then had to go through a long negotiation process to come to agreement with all their creditors, because when you default nobody will give you anything.

Greece can't simply default, and quite evidently the EU's support has been successful as Greece is no longer in recession.

Greece currently not in recession



Eurosceptics need to admit they got it wrong on Greece. The figures speak for themselves.

There you go a classic case of reading the news and not understanding anything.

[Bee]

We need to stop arguing because as of today we're all "Bremainers"

True.

The best post of the day.

[greenlake]

Can't we all just get along....?

[BlasterBates]

We need to stop arguing because as of today we're all "Bremainers"

[BlasterBates]

Of course, the German people are easily misled. Look at 1934.

Today after Gove admitted the government was planning a long Brexit transition, Brexiteers have been phoning into LBC to say that they have been sold up the river

[sasguru]

Too cretinous to even manage a flounce.....

Says the Brexiter who thinks the Germans are too easily misled

[BrilloPad]

And in other news a thick Brexiter gets angry about stuff he doesnt understand. Always angry about something, Brexiters. If you want to get angry get angry about Farage, Gove and Johnson who've sold you down the river.

Reading your rant again, what comes across is how very, very, very stupid you are.

Too cretinous to even manage a flounce.....

[BrilloPad]

It was the banks in Iceland that went bankrupt, not the state.

I think someone needs to take your spade away from you.

Presumably you still think that LTCM was bailed out by banks in 1998?

The only reason Iceland government survived was IMF and other governments lending money. Which was due to threats to get Russian money.

Of course the IMF would step in to help Greece. Oh wait. The head of the IMF is one of the chief EU dictators.

Iceland plays the Russian card very well - its the reason they won the cod wars. Greece needs to wise up.

Bankers very quickly forget crises.

[sasguru]

I understand where you coming from and to a point I agree with you. But here is the thing Greece is never ever going to pay that money back. The bailouts have gone straight to the banks.

The narrative of lazy Greeks being bailed out by thrifty Germans is unhelpful and hides the real suffering going on. People committing suicide and the young leaving.

Also, if you actually look at it the German banks lent money incompetently on a huge scale, in the US and Europe. They received a bailout but for political reasons they could not get a second bailout. So Merkel the competent politician decided to sell it as bailout to Greece, money from the EU and IMF (taxpayers money) went to Greece then straight to the German banks. A big huge bailout! Now Greece is left with debt it will never ever pay back and the country is in a dire straight.

You can blame the Greek government for its incompetence all you like and there is plenty of things wrong with Greece but this is no way to help Greece. Also, look to the banks in France and Germany far from competent and reckless on a grand scale.

Sorry to go on about this but it makes my blood boil.

And in other news a thick Brexiter gets angry about stuff he doesnt understand. Always angry about something, Brexiters. If you want to get angry get angry about Farage, Gove and Johnson who've sold you down the river.

Reading your rant again, what comes across is how very, very, very stupid you are.

[BlasterBates]

Usual Bremoaner cretin.

Investors buy into Iceland and Latvia debt issues | Reuters

To keep it at a level in terms a simpleton can understand, 3 years after defaulting Iceland could borrow again.

The only reason Greece cannot default(or Germany forgive the loans which would be better) is that the German people have no idea how much has been lent or that they can never get their money back.

Of course, the German people are easily misled. Look at 1934.

It was the banks in Iceland that went bankrupt, not the state.

I think someone needs to take your spade away from you.

[BrilloPad]

If the Greeks were to default then they would be able to raise no new capital for a long while and then only at very high interest rates.

It is complete and utter nonsense to suggest that Greece can simply default.

Usual Bremoaner cretin.

Investors buy into Iceland and Latvia debt issues | Reuters

To keep it at a level in terms a simpleton can understand, 3 years after defaulting Iceland could borrow again.

The only reason Greece cannot default(or Germany forgive the loans which would be better) is that the German people have no idea how much has been lent or that they can never get their money back.

Of course, the German people are easily misled. Look at 1934.