How do we think EU negotiations will go? (Vol 13)
Discussion
Helicopter123 said:
While it is flattering that so many seem so consumed by what I post, and are so keen to twist interpretations to suit a personal agenda, or a wider political belief system, it is now, time to move on.
Those taking obvious glee from the plight of Europe, especially Italy and Spain, really ought not need reminding that we are but two weeks behind.
Stay at Home, Protect the NHS, Save lives.
#bekind
And up it pops, as if by magic to reiterate my post.Those taking obvious glee from the plight of Europe, especially Italy and Spain, really ought not need reminding that we are but two weeks behind.
Stay at Home, Protect the NHS, Save lives.
#bekind
" Heli have a field day". Disgraceful comment.
B'stard Child said:
Garibaldi_red said:
catweasle said:
The only poster taking obvious glee from the plight of others, that I have seen, is you.......and no matter how many times you pretend to care now.....your previous failures to admit your mistake are there for all to see.
It seems as though he’s probably one of those Remainers that was looking forward to Brexiteers dying in a desperate bid to avoid Brexit!Budgie really is a toxic little ****
Garibaldi_red said:
catweasle said:
The only poster taking obvious glee from the plight of others, that I have seen, is you.......and no matter how many times you pretend to care now.....your previous failures to admit your mistake are there for all to see.
It seems as though he’s probably one of those Remainers that was looking forward to Brexiteers dying in a desperate bid to avoid Brexit!They both clearly practice mind messaging, as here they both are.
don'tbesilly said:
Garibaldi_red said:
catweasle said:
The only poster taking obvious glee from the plight of others, that I have seen, is you.......and no matter how many times you pretend to care now.....your previous failures to admit your mistake are there for all to see.
It seems as though he’s probably one of those Remainers that was looking forward to Brexiteers dying in a desperate bid to avoid Brexit!They both clearly practice mind messaging, as here they both are.
His 100% prediction record on all matters is just astonishing.
Even an untrained chimpanzee would have a better success record - by making random selections.
(Edited for predictive text typo)
Edited by Troubleatmill on Saturday 28th March 15:03
Troubleatmill said:
Helicopter123 did have his OAP death watch. He summoned that most Leavers are OAP’s. So getting enough of them pop their clogs - So he could predict the moment that a 2nd referendum would be won by Remain.
His 100% prediction record on all matters is just astonishing.
Even an untrained chimpanzee would have a better success record - by making random selections.
His 100% prediction record on all matters is just astonishing.
Even an untrained chimpanzee would have a better success record - by making random selections.
I'm getting really bored and fed up with the unwarranted slurs on untrained chimpanzees on this forum.don'tbesilly said:
You're confusing DeepEnd with Helicopter123, although I can understand the confusion, the two often work hand in hand, hence the encouragement from DeepEnd for Heli to join the thread.
They both clearly practice mind messaging, as here they both are.
There’d clearly a lot to learn.They both clearly practice mind messaging, as here they both are.
steveT350C said:
Guy Verhofstadt just tweeted this...
Jacques Delors is right. The attitude of some member states is like a microbe undermining the European Union. European solidarity and action is urgently needed to replace the actual intergovernmental standstill and chaos.
A microbe? Sensitively chosen word...What an utterly insensitive cockwomble Verhofstadt is.Jacques Delors is right. The attitude of some member states is like a microbe undermining the European Union. European solidarity and action is urgently needed to replace the actual intergovernmental standstill and chaos.
steveT350C said:
Guy Verhofstadt just tweeted this...
Jacques Delors is right. The attitude of some member states is like a microbe undermining the European Union. European solidarity and action is urgently needed to replace the actual intergovernmental standstill and chaos.
He just called Germany a microbe?Jacques Delors is right. The attitude of some member states is like a microbe undermining the European Union. European solidarity and action is urgently needed to replace the actual intergovernmental standstill and chaos.
Bold call.
DeltonaS said:
The UK economy is the size of France, meaning the diff. between the EU and the UK economy is the 26 other nations. All those nations have a veto.
The UK's GDP per capita is less than that of the Netherlands, Germany, Sweden, Denmark and France. The UK's national debt per capita is higher than that of the Netherlands, Germany, Sweden and Austria.
The UK is a big trading partner for some in the EU, especially those in close proximity less so for many other nations. For the UK however the EU is it's biggest trading partner.
If there's one thing clear it's that there's quite a bit more at stake for the UK than for the EU. And that was my point.
Compared to CV impact, bugger all is at stake.The UK's GDP per capita is less than that of the Netherlands, Germany, Sweden, Denmark and France. The UK's national debt per capita is higher than that of the Netherlands, Germany, Sweden and Austria.
The UK is a big trading partner for some in the EU, especially those in close proximity less so for many other nations. For the UK however the EU is it's biggest trading partner.
If there's one thing clear it's that there's quite a bit more at stake for the UK than for the EU. And that was my point.
The old we might lose 2% GDP if WTO is laughable now. No one cares anymore about the fringe costs.
If EU want to play silly buggers they will be told to sod off, it's never looked more likely.
B'stard Child said:
Oh now I really do want to know who you were before 
Eh?I made this comment a page or two ago.
Garibaldi_red said:
Is it really beyond the ability of some people to understand that you can love Europe, love Europeans, be keen to work with them, for them etc, but not want to be in the EU?
DeepEnd said:
"We're bigger than 16 of the EU nations together". Now that was a good post ... no really, it speaks volumes.
Still on that one because it made you look, again the fool. The text was explained that to compare the UK leaving with "any" of the other states is a nonsense. Let me put it another way, cos you are being asinine. The UK makes up 15.2% of the blocs GDP, 2nd only to Germany in 2019 (so the proposition that France has higher GDP is incorrect for 2019).It might not fit your warped or addled agenda; but facts be facts.
The whole smear other posters just shows continually, the gutter you exist in. And whilst smelly, foul and murky; still shallow.
stongle said:
DeltonaS said:
The UK is a big trading partner for some in the EU, especially those in close proximity less so for many other nations. For the UK however the EU is it's biggest trading partner.
If there's one thing clear it's that there's quite a bit more at stake for the UK than for the EU. And that was my point.
I didn't say otherwise. Trade doesnt dry up just because we are no longer part of the "EU". Too many think its digital, it's not.If there's one thing clear it's that there's quite a bit more at stake for the UK than for the EU. And that was my point.
As Murph says, being agile and other benefits of leave suit the UK; we do not want to be part of a federal structure. It's an arrogant argument to think we want the 4 freedoms, when we have demonstrated democratically we choose not too. Personally I dont see an issue with worker migration, but freedom of movement is abused by firms in collective wage bargaining - and that's an issue.
We wanted to be part of a Common Market that the UK was instrumental in setting up with Germany, but what come since has not sat well with many in the UK.
You might want to look at the history of the EU.
The EU and European citizenship were established when the Maastricht Treaty came into force in 1993.[18] The EU traces its origins to the European Coal and Steel Community (ECSC) and the European Economic Community (EEC), established, respectively, by the 1951 Treaty of Paris and 1957 Treaty of Rome. The original members of what came to be known as the European Communities were the Inner Six: Belgium, France, Italy, Luxembourg, the Netherlands, and West Germany.
stongle said:
Trying to wrap the divergent economic and social needs of 28 nations into one bloc was a difficult IF not impossible. We can see the economic cracks, if they split open there is no telling what the mess looks like (other than bad). Likewise much of the social agenda, is seeing push back across the EU. It's not a Nirvana.
The biggest problem is the Euro not the EU itself.And the EU is mainly for trade and investments in infrastructure and agriculture. As an example, the EU budget is only 1 to 2% of European public spending.
Stange how some on here think the EU is too big, a federal state, while at the same time it's too small because the EU doesn't act and there's a lack of solidarity and collaboration when it comes to tackling problems.
stongle said:
The UK needs to look introspectively of it's own problems. An inflection point of leaving the EU put many traditional ideas under the spotlight and we have seen huge political shifts. Ideally these will allow us to focus on our much maligned productivity issues, with a change to the fiscal landscape. The construct of the UK due to government policies on spend and gravitational pull of London would have taken many decades to resolve / distribute.
Oh, and extreme divergence is only a fear factor nonsense argument. We are only going to diverge on standards if necessary, and in many areas we have much higher standards (prudential for one). We have proposed landing zones, but the EC doesnt want to give up its Bully sticks yet. Mistakes have been made globally in the past, but reliance on explicit rather than implicit regulatory guidance in many industries is why the EU will continue to have major issues in FS and other sectors. By herding too many cats, you cant see the forest for the trees (and that's aligned with ECB thinking on the economy). Maybe the new global situation will prompt a rethink. Or maybe a double down, the later is a political over economic decision.
Prudential stadards much higher ? Oh, and extreme divergence is only a fear factor nonsense argument. We are only going to diverge on standards if necessary, and in many areas we have much higher standards (prudential for one). We have proposed landing zones, but the EC doesnt want to give up its Bully sticks yet. Mistakes have been made globally in the past, but reliance on explicit rather than implicit regulatory guidance in many industries is why the EU will continue to have major issues in FS and other sectors. By herding too many cats, you cant see the forest for the trees (and that's aligned with ECB thinking on the economy). Maybe the new global situation will prompt a rethink. Or maybe a double down, the later is a political over economic decision.
What a laugh, London (and the USA) caused a massive banking crisis in 2008 thanks to exactly this.
The UK/London has been the best in setting low prudential rules, pre-banking crisis London standards we're even lower than the US. London gave banks ample room to set up shadow banks through SIVs that could be kept out of the books causing an influx of securitized assets generated by for instance US investment banks that didn't receive so much lenaycy at home. The banking supervision in London pre-banking crisis was even paid for by the banks themselves. The bonusses in banking were the highest in the world, all incentives for taking risk.
So pre-banking crisis London did everything to accomodate and please bankers with low prudential rules and oversight and post banking crisis London suddenly has the highest standards ?
Again, what a laugh.
Edited by DeltonaS on Saturday 28th March 16:27
The comment about the EU being too hit and too slow are demonstrably correct, in many instances. They have proven to be big enough to hinder individual nation's acting to avert crises but too slow to respond.
Not to be conflated with the impossibility of the a Euro without total fiscal and banking integration.
Not to be conflated with the impossibility of the a Euro without total fiscal and banking integration.
DeltonaS said:
Prudential stadards much higher ?
What a laugh, London (and the USA) caused a massive banking crisis in 2008 thanks to exactly this.
The UK/London has been the best in setting low prudential rules, pre-banking crisis London standards we're even lower than the US. London gave banks ample room to set up shadow banks through SIVs that could be kept out of the books causing an influx of securitized assets generated by for instance US investment banks that didn't receive so much lenaycy at home. The banking supervision in London pre-banking crisis was even paid for by the banks themselves. The bonusses in banking were the highest in the world, all incentives for taking risk.
So pre-banking crisis London did everything to accomodate and please bankers with low prudential rules and oversight and post banking crisis London suddenly has the highest standards ?
Again, what a laugh.
Yawn, expected that rant. Relevant pre-2007; no longer. The current EC approach to post crisis regulation is a nonsense and the EC are on record rolling back every single Capital and liquidity standard out there - agreed by the G20. Please, don't give me 13 year old of date nonsense. Lowest prudential standards globally = EU. Banks that should have been allowed to fail by own EC rules = EU (MDP). Broke own rules on regulation of trading CoCOs (DB) = ECB. Need I go on. What a laugh, London (and the USA) caused a massive banking crisis in 2008 thanks to exactly this.
The UK/London has been the best in setting low prudential rules, pre-banking crisis London standards we're even lower than the US. London gave banks ample room to set up shadow banks through SIVs that could be kept out of the books causing an influx of securitized assets generated by for instance US investment banks that didn't receive so much lenaycy at home. The banking supervision in London pre-banking crisis was even paid for by the banks themselves. The bonusses in banking were the highest in the world, all incentives for taking risk.
So pre-banking crisis London did everything to accomodate and please bankers with low prudential rules and oversight and post banking crisis London suddenly has the highest standards ?
Again, what a laugh.
Edited by DeltonaS on Saturday 28th March 16:27
Stress testing of Italian Banks during the 2016 referendum found many would have been technically in default if held to same prudential standards as UK banks - and that was just intraday stress from the BREXIT vote. Give it a rest.
Its widely acknowledged that explicit banking regulation was at fault for the abuses running up to 2008; what did the EC do with ESMA - double down with MIFID2. It's a nonsense reg that only gives punched tape to ESMA. Of little practical use when many trades are bifurcated for accounting reasons. The UK regulatory regime has done a 180 and is built around outcome focused implicit rules. If done in Europe, severalT1 banks would be in deep do do.
Most of the banks you refer to using SPVs to structure balance sheet funding structures for US banks were European, using London structuring expertise. The head offices were ALL in the EU. The largest providers were DB, SG, BNP, Credit Ag, Dresdner, Commerz; UK banks were in the main Barclays and HSBC. And since the ECB went negative rates, where do you think a lot of that excess cash ended up? in UK banks, nope. Its funding the balance sheets of US banks on the cheap.
I suggest you do some research on the continuing abuse of WHT (Withholding Tax Treaty) and facilitation by EU banks - continuing to reduce offshore NON-EEA tax liabilities and reduce revenues for tax authorities. There are over 20 European Banks still engaged in either outright reclaim or facilitation through pass through. Suggest you look on the news for the tax trial ongoing on Cologne where 2 traders from HVB bank (German) performed at EUR60bn tax rip on cum cum and cum EX dividends. Still going on.
In short, the ECBs efforts to grow EU inflation was paradoxical to post crisis regulatory change and systematic protection. The EC decided to game global systematic financial risk than face cold hard economic home truth...
So come again on the pious? Or do you have an axe to grind with the UK. Sounds like it...…
Oh and much of the Free Trade architecture within the EU was driven from German / UK cooperation. Since you are obviously a fan of history.
Or am I due a wikipedia warrior whoosh parrot?
Edited by stongle on Saturday 28th March 17:42
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