EU

[Dick Large]

He correctly identifies that there may well be a degree of corruption in the UK government but that in comparison to the flagrant enormous scale of corruption in the fundamental running of the EU it is miniscule.

[The_Clap]

For countless years by far the two main net contributors to the EU budget have been Germany and the UK. 18 of the now 26
member countries are always net receivers of money from EU funds which have almost all been provided by Germany and the UK.
So what about the other members? Greece is bankrupt, Italy is almost bankrupt, Spain is bumping along the bottom and
France has made a fiscal loss for at least the last 40 consecutive years.

Even with Germany and the UK subsidising it the EU was a financial wreck. But at the end of January this year the UK left
and thus when the final UK obligations have been met the EU will before long be bankrupt.

Furthermore there is also the financial effect of Covid 19 to be accounted for. Even in well run economies such as Germany
and the UK the effects of Covid 19 will be felt for a couple of generations. So Germany will not be giving money away.

So the utter basket case that was the EU even before the UK left and before Covid 19 occurred has got f­uck all chance.
Yet the 'powers that be' in the EU are insisting that its budget for 2021-2027 should be increased substantially. Er ... from
where will this money appear? The EU cannot avoid becoming bankrupt.

[howoldboy]

He correctly identifies that there may well be a degree of corruption in the UK government but that in comparison to the flagrant enormous scale of corruption in the fundamental running of the EU it is miniscule.

Possibly.

But the thing is that the UK is not in the EU and therefore cannot do anything to influence the level of corruption in the EU.

However it could make some efforts to get its own house in order.

[The_Clap]

The UK is much more successful in finding the corruption within it than the EU is in finding its own corruption. It should be much easier for the EU to find corruption within itself because there is vastly more of it.

So, there is proportionally less corruption in the UK and that which is found is punished. There is vast corruption in the EU that is never precisely even found. This is because the people responsible for investigating it are corrupt.

This is yet another reason why the UK is well out of the EU. There is vastly more honour in the UK than there is across the political and legal structure of the EU.

[howoldboy]

For countless years by far the two main net contributors to the EU budget have been Germany and the UK. 18 of the now 26
member countries are always net receivers of money from EU funds which have almost all been provided by Germany and the UK.
So what about the other members? Greece is bankrupt, Italy is almost bankrupt, Spain is bumping along the bottom and
France has made a fiscal loss for at least the last 40 consecutive years.

Even with Germany and the UK subsidising it the EU was a financial wreck. But at the end of January this year the UK left
and thus when the final UK obligations have been met the EU will before long be bankrupt.

Furthermore there is also the financial effect of Covid 19 to be accounted for. Even in well run economies such as Germany
and the UK the effects of Covid 19 will be felt for a couple of generations. So Germany will not be giving money away.

So the utter basket case that was the EU even before the UK left and before Covid 19 occurred has got f*uck all chance.
Yet the 'powers that be' in the EU are insisting that its budget for 2021-2027 should be increased substantially. Er ... from
where will this money appear? The EU cannot avoid becoming bankrupt.

In that case it sounds like the UK may have had a lucky escape.

Maybe time to focus concerns on the state of the UK economy.

Last time I checked UK debt had reached 103.5% of GDP (the highest ratio since 1960) with the deficit (the amount the government needs to borrow to fund its spending) approaching 400 billion pounds in the current fiscal year. And this was prior to Sunak's recent announcement of billions of additional support for jobs and wages through to March next year.

In your own words ........ "Er ... from where will this money appear"?

An impartial observer could get the impression that the UK economy is in a similar position to that of the EU.

Heading for "utter basket case" status, or will Brexit prove a huge economic boost and save the day?

[The_Clap]

If you would swap the state of the UK economy with that of the EU you must have created a totally new form of mathematics.

The EU consists of Germany and the basket cases. It absolutely abhors healthy competition not only within itself but also in world terms. It takes every opportunity to suppress competition.

Whereas the UK, now free from such ridiculous strictures, is about to use its own spirit of initiative and enterprise as an independent country. It has nothing to fear.

Meanwhile the EU cannot even agree on a budget for 2021-2027. Hungary and Poland have so-to-speak blocked its passage.

[C_U_N_T]

What most amuses me about the EU is the Euro Zone. Each individual country has its own economy and for them all to have the same currency takes away a fundamental economic control that each country should keep. It was obviously going to be a disaster.

Since 1992 it has been compulsory for any new EU member to agree to join the Euro Zone. 7 countries that joined the EU after 1992 have realised that the commitment to join the Euro Zone, if fulfilled, would be a disaster. So, the 7 countries have made certain that their economies do not fulfil at least one of the Euro Zone entry criteria at the point of the test being periodically applied. This has really got Brussels more than pissed off. Those 7 countries are Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania and Sweden.

The EU generally is in a feeble financial state but you will find that being in the Euro Zone has rendered most of the southern member states neo-bankrupt.

The UK may well be followed out of the EU by others. There is much unrest about being a member of the EU in Italy, Spain, Hungary, Portugal and Denmark. The proposed EU budget for 2021-2027 has Eire as the 5th largest net contributor, which is an outrage. So Eire is far from happy about that.

The EU is going to get smaller and go out of business as an entity. The main difference between the UK and the EU is that the UK has got a pot to p­iss in.

[howoldboy]

What most amuses me about the EU is the Euro Zone. Each individual country has its own economy and for them all to have the same currency takes away a fundamental economic control that each country should keep. It was obviously going to be a disaster.

Since 1992 it has been compulsory for any new EU member to agree to join the Euro Zone. 7 countries that joined the EU after 1992 have realised that the commitment to join the Euro Zone, if fulfilled, would be a disaster. So, the 7 countries have made certain that their economies do not fulfil at least one of the Euro Zone entry criteria at the point of the test being periodically applied. This has really got Brussels more than pissed off. Those 7 countries are Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania and Sweden.

The EU generally is in a feeble financial state but you will find that being in the Euro Zone has rendered most of the southern member states neo-bankrupt.

The UK may well be followed out of the EU by others. There is much unrest about being a member of the EU in Italy, Spain, Hungary, Portugal and Denmark. The proposed EU budget for 2021-2027 has Eire as the 5th largest net contributor, which is an outrage. So Eire is far from happy about that.

The EU is going to get smaller and go out of business as an entity. The main difference between the UK and the EU is that the UK has got a pot to p*iss in.

Apart from the obvious conclusion that xenophobia may be influencing your thought processes I don’t see the rationale for your conclusion that the EU is in “a feeble financial state”.

If you accept that the Debt-to-GDP ratio of a country is one of the best methods to assess the ability of a country to pay back its debts and that high debt-to-GDP ratios often fuel economic crises, it is difficult to see why you have such a high opinion of the UK (or rather such a low opinion of the EU).

As at Q2 2020:

The UK’s Debt-to-GDP ratio was 100.5%.

Of the 26 EU member states, only 7 countries had higher ratios than the UK. Those countries were Greece (187.4%), Italy (149.4%), Portugal (126.1%), Belgium (115.3%), France (114.1%), Cyprus (113.2%) and Spain (110.1%).

19 member states had lower Debt-to-GDP ratio than the UK.

Combined Euro Area Debt-to-GDP ratio was 95.1%. Again, lower than the UK.

At face value, using your own analogy, the UK may have a pot to piss in but unfortunately the pot seems to be leaking badly.

[Psaw]

You are right. It goes back to the crisis in 08 or whenever. Gordon Brown was in charge and KNEW the finance crisis was coming. He also knew Labour were on the way out. He emptied the treasury, he was filmed giving money away to various countries by the news, he sold our gold reserves.

How EVIL was that? The British being british, and ignorant of the facts, applauded him for being caring. He gave our money away to make the Tories look bad, its not about being caring about Britain and its people. He even funded an industry, i forget what, for his home town.

The Labour geezer, whoever it was, left a note revelling in the fact there was no money left. There are execution squads for enemies of the state.

If it was up to me, i would sign it for Brown, then go and play Croquet, or watch a Rupert Bear cartoon. I have the same personality type as Hitler, when pushed to far, anything will go, the worse the better. No conscious whatsoever.

Everything comes down to the socialists. They must exist because the Universe demands it, for every force, there is an equal and opposing one.

Which is good, because if i could, i could let a few go in Brandon Forest, and go hunting with a shotgun. Why are you a socialist oldboy?

[howoldboy]

You are right. It goes back to the crisis in 08 or whenever. Gordon Brown was in charge and KNEW the finance crisis was coming. He also knew Labour were on the way out. He emptied the treasury, he was filmed giving money away to various countries by the news, he sold our gold reserves.

How EVIL was that? The British being british, and ignorant of the facts, applauded him for being caring. He gave our money away to make the Tories look bad, its not about being caring about Britain and its people. He even funded an industry, i forget what, for his home town.

The Labour geezer, whoever it was, left a note revelling in the fact there was no money left. There are execution squads for enemies of the state.

If it was up to me, i would sign it for Brown, then go and play Croquet, or watch a Rupert Bear cartoon. I have the same personality type as Hitler, when pushed to far, anything will go, the worse the better. No conscious whatsoever.

Everything comes down to the socialists. They must exist because the Universe demands it, for every force, there is an equal and opposing one.

Which is good, because if i could, i could let a few go in Brandon Forest, and go hunting with a shotgun. Why are you a socialist oldboy?

I am not sure that I am.

I just find it sad that the UK voted into power a bunch of smug and corrupt ex-Etonian/Bullingdon Club charlatans and the sycophants that surround them.

I fear we will all live to regret it.