Eu Referendum: Brexit Sparks Calls For Other Eu Votes

[naomi24]

France, the Netherlands, Sweden and Italy. I don't think I've missed any out - but I might have.

http://www.bbc.co.uk/news/world-europe-36615879

[DTCwordfan]

Negotiation togo, it ain't all one way.....

[THECORBYLOON]

Finland (Fixit) was mentioned on TV a few weeks ago.

[Jackdaw33]

Why do we have to 'negotiate' our exit? What's wrong with 'eff off and you're not getting any more of our dosh'?

[Togo]

//Negotiation togo, it ain't all one way..... //

Too true Dt it has been for decades though. Not now though we have our voices back. We can tell them to take it or leave it.

[DTCwordfan]

let's lop in a few tariffs, Togo and JD, it's not all black and white....

[New Judge]

“Later today "She who must be obeyed" and myself will crack open a bottle of shampoo and toast the common sense and bravery of our British brothers and sisters.”

Ours went into the fridge at 7:30am, Togo. Another followed at around 8:30 when Cameron announced his departure. One bit the dust for “afternoon tea” at about 4pm; the other has just been opened. I was alas busy today and had to drive, otherwise I’m sure one would have been consumed for breakfast :-)

Yes it is strange why UKIP, who simply wanted to restore the UK’s sovereignty, should be labelled “Far Right”. Nothing is further from the truth. All they have ever campaigned for is for the UK to be released from the tyranny of an unelected federal government which has taken it on itself to impose laws and punishments on countries, the citizens of those countries having given no explicit mandate for them to do so. If anything warrants the label “Far Right” it is the unelected arrogant elite which controls that organisation.

“"Stock market turmoil" = 3.4% drop in the FTSE.”

Quite so. And a good bit of that drop was the artificial increase seen since Monday when it was believed that the Remains would prevail. I have a fairly extensive share portfolio and its value has dropped today by about 4.5% (I’m a bit heavy in the banks). Well worth it and in any case they will recover.

But anyway, back to happier themes, I said earlier this week that a “Brexit” may well see the start of a “domino” effect across Europe. I still believe this will be so. It will be a struggle for our European friends wishing to free themselves of their EU shackles. In my opinion the granting of our referendum was solely down to UKIP. It was UKIP who forced the PM to grant it when they threatened to derail the Tories in the 2015 General Election. Without them no vote would have been ceded. I don't know that any of our European neighbours have any equivalent to UKIP so I’m not sure they will be quite so successful. The national political elites across the continental EU countries have never liked the idea of the voters having their say, especially on matters EU. Their dislike of that outrageous privilege will have certainly increased somewhat since this morning.

[jim360]

So far it's only been one day or stock market turmoil. If it lasts into next week it would be nice to see people at least somewhat less dismissive about the whole thing. Especially hypocritical when 3.4% on the FTSE represents somewhere in the region of £50 billion or more, which is (or so I thought) a seriously huge amount of money for Brexiters.

[webbo3]

Grexit.
Departugal
Italeave
Czechout
Oustria
Finish
Slovakout
Latervia
Byegium




Dave.

[jim360]

" I have a fairly extensive share portfolio and its value has dropped today by about 4.5% (I’m a bit heavy in the banks). "

Obviously you don't have to answer this NJ, but can I ask you how much that 4.5% you've lost today is in real terms?

[Togo]

Judge I missed your presence earlier today, the Federalists were pretty miffed off and aggressive. We need your considered voice to contribute to the ongoing process of extraction from the tentacles of the EUSSR. The arms of the beast are only numbed, the evil heart and mind will work at speed and with alacrity to harm and punish us for our temerity to defy them. Remember all of you, who wanted our freedom, that there are many who would still rather we fail in the quest to make Britain great and respected once more. Enjoy your minor battlefield victory everyone ( I have and still am) but remember our vigilance and energy will be needed even more in the near future. Perhaps the career politicians are listening now, having not done so for decades. So shout at them, tell them, make them listen. Win a war for democracy.

[Togo]

//Especially hypocritical when 3.4% on the FTSE represents somewhere in the region of £50 billion or more, which is (or so I thought) a seriously huge amount of money for Brexiters. //

Perhaps we qualify as recipients of overseas aid budgets. Or do we just divert our own?

[Old_Geezer]

It's a large amount to waste on something, but hardly comparable when it's figures that're down at one point and up again later. It's not as if it's gone permanently. How many days of past trading does it represent ? How long before it's back again ?

[webbo3]

you havent lost anything, only if you intend to take the money out or cash your shares in, i work in the financial industry and what peoples bonds and investments go up and down daily and weekly, if you intend to sell all your shares then you lose, keep its invested and it will go back up.




Dave.

[jim360]

Granted it takes more than one bad day before we should be seriously worried, but it's still remarkable to see people so dismissive about a day on the scale of today's market turmoil. At various points more money disappeared, on a scale of minutes, than a decades' worth of EU contributions. How much that actually matters will depend on the next few weeks.

[Togo]

//How much that actually matters will depend on the next few weeks. //

Nothing! The next 100 years are more important. Ask the Chinese or the Americans, or the Japanese, or the Germans.

[jim360]

Right now (by definition) it's the short-term effects that should worry us most. This is either just one very bad day, or the start of a relatively prolonged period of damaging market turmoil.

[zebo]

Apparently, Norway has a trade agreement with the EU, they are bound by EU regulations, even within their own country, but, as they're not a member, have no input in formulating those regulations. Does the old EFTA still exist?
Re the Germans, who I like very much having lived there, but someone once said that the trait in the German character that brought Hitler etc to power is the same trait that allowed Germany to become an economic powerhouse post war, that's the almost blind obedience to those giving the orders.

[New Judge]

"Apparently, Norway has a trade agreement with the EU, they are bound by EU regulations, even within their own country, but, as they're not a member, have no input in formulating those regulations. Does the old EFTA still exist?"

And your point is what, exactly, zebo?

Short term turmoil is inevitable, jim. Markets don't like uncertainty. Stock market investment is a long term exercise and short term blips, especially when it can be attributed to a definite reason, are no cause for concern. The London Stock Market recovered some of its early losses and has stabilised to a degree. Bigger losses were posted on the continental bourses. But we can expect instability to exist for some time. The Brexiteers never suggested anything else. Short term pain for long term gain.

[jim360]

Presumably, though, the longer the short-term pain is, the harder it is to be so certain that we will actually get the payoff later?

[jourdain2]

As NJ says, we expect a short period of turmoil - markets are jittery even when everything is calm: they look for trouble on the horizon, discount all this.

We've done Europe a favour.

France has an election next year. I expect Marine Le Pen to win or come close second in the first rounds. Then the others will gang-up again - as they did the last few times in order to stop the NF. I think a referendum will result - whatever transpires, the NF wants out. Others will follow, we should look to a trade association.