Re:UK votes to leave EU
by NetTechM on Friday June 24, 2016 @12:12AM
(#11966317)
Very true, unfortunately, pooling money between a few economically well developed countries and quite a few economically bunk countries does not work well for those whose money was actually worth something in the first place.
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Re:UK votes to leave EU
by toomuchtodo on Friday June 24, 2016 @12:17AM
(#11966356)
Are talking about the pound? Because it doesn't appear like its worth much now.
https://twitter.com/DavidInglesTV/status/746192676085600256
> This is something we've never seen, chances are you'll never see again Pound just collapses 13% vs. the Yen #Brexit
https://twitter.com/MatthewPhillips/status/74618964684197888...
> Wow. The £ is down 8.4%. Currencies are not supposed to do that. (1% move is considered massive.)
Compared to just prior to joining the EU, the pound is down nearly 100%, since they were at about 2.50 USD the year they joined and that was prior to massive inflation.
I think the bigger picture is eluding some people in the face of shiny doomsday articles.