Mosha
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Post by Mosha on Jan 15, 2019 19:51:12 GMT 7
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rubl
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The wondering type
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Post by rubl on Jan 15, 2019 20:05:36 GMT 7
Seems they were a bit premature in their judgment. Currently the 1.5% GDP growth in 2018 is seen as still reasonable. Note Britain had a 1.5% growth over the 12 months from Q4 2017 to Q3 2018., no figure yet for the calendar year 2018. "German economy slowed in 2018, adding to global concerns Germany's economic growth slowed in 2018 to the weakest rate in five years, adding to worries about a global downturn and the impact of trade conflicts. But government statistics officials, who reported that growth eased to 1.5 percent from 2.2 percent in 2017, said Europe's dominant economy at least escaped a feared recession in the fourth quarter." www.seattlepi.com/news/world/article/German-economy-slowed-in-2018-amid-signs-of-13534259.php |
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Mosha
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Post by Mosha on Jan 15, 2019 20:17:18 GMT 7
But who's going to pick up the tab after BREXIT?
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rubl
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Post by rubl on Jan 15, 2019 20:29:28 GMT 7
What tab? Will Britain forget to pay it's bill?
Jokes aside, Germany already provided 24% or so of the E.U. budget of 146 billion in 2017/2018. Negotiations on the seven year period from 2020 to 2027 are still ongoing with some of the 'netto' paying countries demanding more say in matters or at least more integrity and safeguards. Italy a bit of a bother as they are both net payer as well major debtor.
PS although no one really wants to pay more, Germany had a trade surplus of EUR 214.2 billion over November 2017 till November 2018.
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Mosha
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Post by Mosha on Jan 16, 2019 6:37:38 GMT 7
The 39Bn won't last forever.
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rubl
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Post by rubl on Jan 16, 2019 8:50:49 GMT 7
The 39Bn won't last forever. May that be but at least it helps ensure our dear Nigel Farange will get his EU pension  |
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rubl
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Post by rubl on Jan 16, 2019 18:41:34 GMT 7
Interesting how the 39 billion pops up every time there are brexit problems. Just now Steve Baker, the former Brexit minister and deputy chair of the European Research Group has presented a new draft proposal which offers cake to eat. "The Commons rejection of the withdrawal agreement and political declaration is a great opportunity to aim for a better deal that respects the referendum result and is focused on the UK’s trading priorities. We will offer the EU a better deal and we will be ready to trade on WTO terms with the EU if they decline. If we leave on WTO terms, we will no longer be faced with handing over £39bn for little in return, seeing our United Kingdom broken apart or being forced to follow EU laws with no say. This document sets out a firm plan to take up the EU’s March offer of a best-in-class trade agreement respecting UK priorities, the EU’s legal order and allowing the UK to develop a truly independent trade and domestic regulatory policy." Of course, it does seem a bit strange that a Brit wants to offer the E.U. a 'better' deal on a 'take-it-or-leave-it' base. Sounds like arm twisting attempt. Anyway I'm really surprised with the continued story of a bright new future which some want to build on first forgoing obligations to show ones character. A week ago Channel4 had a reasonable 'fact check' on the 39b: "Can we avoid paying the £39 billion Brexit divorce bill? ... And it’s worth remembering that even beyond the legal issues, reneging on our financial obligations is likely to make any free trade deal with Europe, or other potential partners, politically impossible." www.channel4.com/news/factcheck/factcheck-can-we-avoid-paying-the-39-billion-brexit-divorce-bill |
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