Re:Brexit wins. An illusion dies
by jacquesm on Friday June 24, 2016 @08:20AM
(#11969154)
> I read this post coming from a German, since you promoted Frankfurt and Berlin.
Probably right.
> International companies won't be moving to ireland/continent. The UK at one point wasn't as integrated and was doing quite well. It will do again.
Yes, but back then the EU was a lot less strong than it is today, even without the UK as a part of it.
> The financial industry will not leave London. It's not going to happen. There are many reasons why. Keep dreaming.
250 Billion worth of capital has already fled judging by the drop of the pound, and more is likely to follow. Yes, the financial hub of Europe will shift its COG to Frankfurt. That's something that a re-entry in the EU of England at a later date will not be able to recover.
> London is the best startup in Europe currently.
I assume you left out 'centre' or 'hub', and it was so until today. But if I were starting a start-up I'd definitely think twice now about whether or not to do this in the UK, and London specifically.
> ure the EU can be hard as possible, but then so can the UK. There are many EU countries which export to the UK. It's not just a one way thing.
The relative sizes of the parties dictate the likely outcome of such negotiations. Already there are some pretty clear lines drawn and those will only become more stark in time. This was an 'own goal' if there ever was one.
> The US said the UK is not that important? Says Obama because his dad is from Kenya hates the UK. But in reality it actually is. Germany, Spain, all other countries of EU are not as important as the UK.
This is mis-informed. The UK is important as a country within the EU. Once the UK leaves (and especially if the UK then breaks up even further) it is no longer that important a country.
> Scotland will most likely want to exit. They are 4 million people after all. But when they do exit. All the British companies currently there, will leave to go to London. They'll join as another country like Estonia or worse off. I don't know if Europe will have them lol.
I'm not sure if 'lol' is something that you'd want to use about anything today. And Scotland is definitely a viable country and would most likely be very welcome in the EU.
And all the British companies there might actually see Scotland as the backdoor to remain in the EU, and I would not be surprised if they more than anything else would push to achieve this.
> N. Ireland won't exit. They are deeply patriotic people and see themselves as British.
That one is a toss-up, but not hugely important for the EU, though it would be hugely important to the UK, if they wish to keep that 'U'.
In other words: the UK has made itself a bit player overnight and chances are that only England will remain at the end of all this, with a substantially reduced economy and a very tiny market to sell into. It will hurt all those who voted 'exit' the hardest, and it will be studied for decades to come as an example of how an electorate can be manipulated to vote against its own interests.
Probably right.
> International companies won't be moving to ireland/continent. The UK at one point wasn't as integrated and was doing quite well. It will do again.
Yes, but back then the EU was a lot less strong than it is today, even without the UK as a part of it.
> The financial industry will not leave London. It's not going to happen. There are many reasons why. Keep dreaming.
250 Billion worth of capital has already fled judging by the drop of the pound, and more is likely to follow. Yes, the financial hub of Europe will shift its COG to Frankfurt. That's something that a re-entry in the EU of England at a later date will not be able to recover.
> London is the best startup in Europe currently.
I assume you left out 'centre' or 'hub', and it was so until today. But if I were starting a start-up I'd definitely think twice now about whether or not to do this in the UK, and London specifically.
> ure the EU can be hard as possible, but then so can the UK. There are many EU countries which export to the UK. It's not just a one way thing.
The relative sizes of the parties dictate the likely outcome of such negotiations. Already there are some pretty clear lines drawn and those will only become more stark in time. This was an 'own goal' if there ever was one.
> The US said the UK is not that important? Says Obama because his dad is from Kenya hates the UK. But in reality it actually is. Germany, Spain, all other countries of EU are not as important as the UK.
This is mis-informed. The UK is important as a country within the EU. Once the UK leaves (and especially if the UK then breaks up even further) it is no longer that important a country.
> Scotland will most likely want to exit. They are 4 million people after all. But when they do exit. All the British companies currently there, will leave to go to London. They'll join as another country like Estonia or worse off. I don't know if Europe will have them lol.
I'm not sure if 'lol' is something that you'd want to use about anything today. And Scotland is definitely a viable country and would most likely be very welcome in the EU.
And all the British companies there might actually see Scotland as the backdoor to remain in the EU, and I would not be surprised if they more than anything else would push to achieve this.
> N. Ireland won't exit. They are deeply patriotic people and see themselves as British.
That one is a toss-up, but not hugely important for the EU, though it would be hugely important to the UK, if they wish to keep that 'U'.
In other words: the UK has made itself a bit player overnight and chances are that only England will remain at the end of all this, with a substantially reduced economy and a very tiny market to sell into. It will hurt all those who voted 'exit' the hardest, and it will be studied for decades to come as an example of how an electorate can be manipulated to vote against its own interests.