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Sturgeon seeks Brussels talks to protect Scotland's EU membership

theguardian.com

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Re: Sturgeon seeks Brussels talks to protect Scotland's EU membership

#5
post #3

An important part of the campaign against the independence was that they would be out of the EU, isn't? The irony is really big here

I think Cameron was absolutely certain the result would be remain. Unfortunately for him, the nation and the Tory party it wasn't.

Re: Sturgeon seeks Brussels talks to protect Scotland's EU membership

#6
post #3

An important part of the campaign against the independence was that they would be out of the EU, isn't? The irony is really big here

I think Cameron was absolutely certain the result would be remain. Unfortunately for him, the nation and the Tory party it wasn't.

It might be good for them to cool off for a couple of decades and rejoin. It's not like Britain is dependent on EU subsidies or anything.

Re: Sturgeon seeks Brussels talks to protect Scotland's EU membership

#7
post #6

Earlier quoted context omitted.

I think Cameron was absolutely certain the result would be remain. Unfortunately for him, the nation and the Tory party it wasn't.

It might be good for them to cool off for a couple of decades and rejoin. It's not like Britain is dependent on EU subsidies or anything.

It's subtle.

The UK is a net contributor to the EU, but it also has the financial center of the EU in London. On top of that some areas of the UK are net recipients of EU money, others are contributors.

Losing the financial center alone may already tip the balance out of favor, and for some areas (notably Scotland) the loss will be much larger.

Back of the envelope has the UK in worse shape without the EU and access to their market than with.

Regardless of what will happen now, the UK will lose the financial center (it will most likely end up in Frankfurt am Main), Scotland will secede from the UK and will apply (assuming a majority votes for that proposal) to the EU as an independent entity, much like Ireland.

The one thing this referendum has already achieved is that the position of the UK on the world stage is marginalized further.

Re: Sturgeon seeks Brussels talks to protect Scotland's EU membership

#9
The EU membership will most likely come with a change of currency, which means leaving the BoE for the ECB. Given the ECB's track record and it's inability to do what a central bank ought to do - protect banks from bank runs, devalue, etc. - I believe that it's suicidal. The QE was was a joke.

Surplus recycling is nowhere to be found in the European Union, vis-a-vis Germany Scotland will have deficit, hence it's doomed in the long run to become like Greece.

The way the EU manages the economy, it's stupid for any deficit country to come in and compared to Germany, everybody will be in huge deficit in the long run. At that point you depend on the Bundesbank to over-value and the German government to raise salaries. None of this will happen, at that point you'll have a country on it's knees depending on a foreign institution (the ECB) who is controlled by a foreign nation which has it's own interests to protect.

I'm sorry for GB. I'm sorry that a nation had to go through this, but their best bet is to stick together.

EDIT: The first thing that the German gov did after Brexit says a long shot about how Germany envisions Europe: They summoned the 6 (or 7) countries that created the European Union. But the EU has 27 members now.

Do you really want to be part of a union who doesn't give a damn about you and give your monetary policy to that union?

About 16 years ago, at her last speech, M. Thatcher in a rare moment of enlightenment said about the EUR: He who control the interest rates controls the Economy and he who controls the economy controls the politics in Europe

She was spot on.

Re: Sturgeon seeks Brussels talks to protect Scotland's EU membership

#10
post #7
post #6

Earlier quoted context omitted.

It might be good for them to cool off for a couple of decades and rejoin. It's not like Britain is dependent on EU subsidies or anything.

It's subtle. The UK is a net contributor to the EU, but it also has the financial center of the EU in London. On top of that some areas of the UK are net recipients of EU money, others are contributors. Losing the financial center alone may already tip the balance out of favor, and for some areas (notably Scotland) the loss will be much larger. Back of the envelope has the UK in worse shape without the EU and access…

Simply put, London hands over money to the EU which hands most of it back to regions that London wouldn't have handed the money to in the first place (Scotland, North of England, Wales...somewhat ironically since many of them voted leave..).

I think the reason we are no longer part of the EU is in part bad PR on the part of the EU on what it actually did.

Which is why "what is the EU/what does the EU do" type queries have trended on google after the referendum.

People suddenly wondering how fucked/non-fucked we are since the result.

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