Re: EU Poker . . A Desperate Germany Blinks First
Originally Posted by
Bread
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Either way you are short of 39 billion ....
On 1st November, the EU is insolvent. You must be proud of your unelected masters and the complete shambles they have made of negotiations. Who will make up the shortfall I wonder ? The German tax payer ?
Hi
The EU have done their figures, they are not insolvent.
The £39 Billion included a two year transition period, we have already had an extension from March this year.
This brings the sum owing down to £32 Billion.
Half of this is the remainder of the transition period, the other half , around £16 Billion, is the amount owing to the EU in the Withdrawal Agreement.
The EU are confident that they can enforce this in the International Courts.
We will have to wait and see.
The EU are imposing Full WTO Tariffs on day one of a No Deal.
The UK is not doing the same, we have already published our WTO Tariff Schedules, we are only imposing a minimal schedule.
The EU will be collecting a significant amount of money from increased tariffs from the UK.
The EU sums, the ones they are working on, result in a shortfall of around 500 million a year for each EU Country.
This is peanuts in terms of overall budgets.
The EU will have a larger short term hit due to their No Deal Preparations, the so called Mini Deals Boris is spouting off about.
These are not Mini Deals, no input from the UK at all, they are short term measures designed to protect EU Exports to the UK for a time limited period specific to each type.
This is purely in the interests of the EU, not us.
If there is one thing Brexit should have taught us, it is that the EU Politicians and Civil Servants are much better at looking after their own interests than ours are in looking after ours.
If we had Merkel and Macron negotiating on behalf of the UK and the EU had May negotiating on behalf of the EU, Brexit would have been very different.