18-08-2019, 03:14 PM
41
Re: Express Medical Service Underway For No Deal BrExit
Originally Posted by gascony
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And I’m so looking forward to you (literally) eating humble pie when the UK economy tanks, prices go up and jobs are lost. But in the meantime keep dreaming that the millionaires and free market capitalist rich tories who are bank rolling Brexit are doing it in the interests of the working class. I’m not sure how you convinced yourself of this. It must have been quite tricky. You’re going to get a jolt when reality hits home.
UK global exports are up about 15%
Yours are tanking.
More project fear nonsense from the zone where the euro was supposed to bring about price stability
Oh dear
18-08-2019, 05:00 PM
42
Re: Express Medical Service Underway For No Deal BrExit
https://www.nytimes.com/2019/08/16/w...ssion-afd.html"The German economy shrank 0.1 percent from April through June and may shrink again this quarter, meeting the technical definition of a recession, as President Trump's trade tariffs began to bite. The government now expects the economy to expand by only 0.5 percent this year, compared to 1.5 percent last year"
Oh dear oh dear!
18-08-2019, 05:11 PM
43
Re: Express Medical Service Underway For No Deal BrExit
. . . and Merkel largely in denial about it all, wishing people wouldn't draw attention to the looming recession and seemingly stubbornly not putting any measure in place for it . . . .https://www.express.co.uk/news/world...europe-economy
Where's the popcorn . . . . .
18-08-2019, 05:18 PM
44
Re: Express Medical Service Underway For No Deal BrExit
https://www.cnbc.com/2019/06/28/a-re...countries.html"The German economy has lost steam and that could shake other euro zone countries too, including Italy, France, Poland and Spain.
Data out Monday showed the manufacturing sector in Germany has weakened over the last couple of months, adding to other gloomy indicators, with economists considering whether a recession is on its way. If this were to materialize, the entire euro zone would be at risk, given the importance of the German economy to the region."
"We do expect the second quarter to be weak," Florian Hense, a euro zone economist at Berenberg bank, told CNBC via email. He forecasts zero growth for the current quarter in Germany, but a small pickup to 0.2% in the third quarter. Germany grew at a rate of 0.4% in the first quarter of the year — after narrowly missing a technical recession at the end of 2018."
"Hense explained that countries in the region are struggling already, namely Italy, and those that are doing better but have close industrial ties to Germany — such as Austria and Eastern Europe — would be "particularly vulnerable to a German recession." "
"The more an industry-led German recession would spread to the domestic side of the economy, France, Spain and tourism spots in the south (of Europe) would suffer too," Hense said.
"The German economy relies heavily on its car manufacturers — its automotive market is the largest in Europe. A slowdown could impact jobs in Germany, but also in the rest of Europe.
French multinational Groupe PSA, that has Opel as a subsidiary, runs 10 plants in six European countries: Germany, the U.K., Spain, Austria, Hungary and Poland. As of December 2018, it employed 30,400 people across Europe, half of which were in Germany.
Volkswagen Group, at the end of 2017, had about 289,000 employees in Germany and about 186,000 in the rest of Europe. Most of its plants are in Germany, followed by Poland, the Czech Republic, Spain, France and Sweden. Germany's Daimler has a plant in Portugal and another in France, with a total of 917 employees."
Tick tock, not looking good for Germany and the rest of Europe TBH. Time the people of each member state stood up to the EU dictators too and initiated their own Exits.
It will happen.IDEO02:43
German economy is sensitive and more fragile than people think, says economist
18-08-2019, 05:32 PM
45
Re: Express Medical Service Underway For No Deal BrExit
Originally Posted by Realist
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https://www.cnbc.com/2019/06/28/a-re...countries.html"The German economy has lost steam and that could shake other euro zone countries too, including Italy, France, Poland and Spain.
Data out Monday showed the manufacturing sector in Germany has weakened over the last couple of months, adding to other gloomy indicators, with economists considering whether a recession is on its way. If this were to materialize, the entire euro zone would be at risk, given the importance of the German economy to the region."
"We do expect the second quarter to be weak," Florian Hense, a euro zone economist at Berenberg bank, told CNBC via email. He forecasts zero growth for the current quarter in Germany, but a small pickup to 0.2% in the third quarter. Germany grew at a rate of 0.4% in the first quarter of the year — after narrowly missing a technical recession at the end of 2018."
"Hense explained that countries in the region are struggling already, namely Italy, and those that are doing better but have close industrial ties to Germany — such as Austria and Eastern Europe — would be "particularly vulnerable to a German recession." "
"The more an industry-led German recession would spread to the domestic side of the economy, France, Spain and tourism spots in the south (of Europe) would suffer too," Hense said.
"The German economy relies heavily on its car manufacturers — its automotive market is the largest in Europe. A slowdown could impact jobs in Germany, but also in the rest of Europe.
French multinational Groupe PSA, that has Opel as a subsidiary, runs 10 plants in six European countries: Germany, the U.K., Spain, Austria, Hungary and Poland. As of December 2018, it employed 30,400 people across Europe, half of which were in Germany.
Volkswagen Group, at the end of 2017, had about 289,000 employees in Germany and about 186,000 in the rest of Europe. Most of its plants are in Germany, followed by Poland, the Czech Republic, Spain, France and Sweden. Germany's Daimler has a plant in Portugal and another in France, with a total of 917 employees."
Tick tock, not looking good for Germany and the rest of Europe TBH. Time the people of each member state stood up to the EU dictators too and initiated their own Exits.
It will happen.IDEO02:43
German economy is sensitive and more fragile than people think, says economist
In a couple of weeks I bet that the french farmers will be blocking Paris with their tractors because their agri food sales are walking away and will buy elsewhere.
That and the Mercusor / CETA / USA deals wont help. The French know they are powerless and the EU need to negotiate - failure to do this will really damage Frances economy
18-08-2019, 05:43 PM
46
Re: Express Medical Service Underway For No Deal BrExit
Originally Posted by Realist
->
. . . and Merkel largely in denial about it all, wishing people wouldn't draw attention to the looming recession and seemingly stubbornly not putting any measure in place for it . . . .https://www.express.co.uk/news/world...europe-economy
Where's the popcorn . . . . .
18-08-2019, 05:51 PM
47
Re: Express Medical Service Underway For No Deal BrExit
Originally Posted by gascony
->
And I’m so looking forward to you (literally) eating humble pie when the UK economy tanks, prices go up and jobs are lost. But in the meantime keep dreaming that the millionaires and free market capitalist rich tories who are bank rolling Brexit are doing it in the interests of the working class. I’m not sure how you convinced yourself of this. It must have been quite tricky. You’re going to get a jolt when reality hits home.
I'm sure everyone who voted Brexit has their own reasons and they will be many and varied, but you like your politics binary, black and white, simple. The real world is rarely so neat.
Maybe you can outline how the 'left behind' are going get a fairer share of the profits of EU membership..........Because up 'til now they have been getting the rough end of the stick............
Make your case for the working class, Labour haven't bothered, maybe you can!!
18-08-2019, 06:00 PM
49
Re: Express Medical Service Underway For No Deal BrExit
Originally Posted by Moscow
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Oh yeah, France won the war !!! LMFAO!
https://www.britannica.com › topic
Allied powers | History & Facts | Britannica.com
18-08-2019, 06:35 PM
50
Re: Express Medical Service Underway For No Deal BrExit
Originally Posted by Solasch
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In*World War II*the chief*Allied*powers*were*Great Britain, France (except during the German occupation, 1940–44), the Soviet Union (after its entry in June 1941), the United States (after its entry on December 8, 1941), and China.https://www.britannica.com › topic
Allied powers | History & Facts | Britannica.com
France surrendered
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