Eu Referendum: Brexit Sparks Calls For Other Eu Votes

[naomi24]

France, the Netherlands, Sweden and Italy. I don't think I've missed any out - but I might have.

http://www.bbc.co.uk/news/world-europe-36615879

[Ellipsis]

The Bank of England has a £250 billion package of financial support in case of leave. Perhaps that's why the currency and stocks recovered a little today, after they started to put that package into place. Despite that though, the markets and exchange rate are down. Still, it's only £250 billion ...

[jim360]

I guess we'll have to wait and see how true it is that we've done Europe a favour. In the immediate future it seems to me that this result just adds weight to a swing towards the Right across Europe, and I can't see that as a good thing. On the other hand this has to lead to some change in the way the people and their representatives interact, and that could turn out to be worth it in the long run.

[jourdain2]

We've given Europe the shock and chance it needed to stop and rethink its direction. It may yet change and make a go of a common free trade area, to the benefit of all. Signs now are not promising - but early days.

We must not let them rush us.

Ellipsis, it's only money and theories. Unless you happened to want your money out it won't affect you. They'll settle down again when no Armageddon takes place. Not bad anyway - a bit of a fall from a high; someone said it was where we were a few weeks ago. So interest rates are now zero - all I have is my savings apart from my pension, but it doesn't worry me because the returns were so low anyway. A bit of short-term pain
is quite acceptable as an exchange for survival - in fact a lot of pain is worth it for independence. Let our politicians and diplomats now earn their large salaries.

[Ellipsis]

Jourdain2 - I pay several thousand pounds per month in dollars. As of right now, I have to pay about £700 per month more for the recipients to receive the same amount of dollars, thanks to the fallen exchange rate. A real cost of Brexit to me.

And who gets the £700???

[Hypognosis]

@Naomi

France can't pull out as that mocks the whole guff about it being a force for peace in Europe, no?

[naomi24]

Jim, //In the immediate future it seems to me that this result just adds weight to a swing towards the Right across Europe, and I can't see that as a good thing. //

If there is a swing to the far right in Europe then something is very clearly wrong. 'Swings' in either direction do not happen without reason.

[jim360]

To some extent the swing has already been happening for a few years anyway, no? It's just been the UK's turn this time.

[naomi24]

Hypognosis, //France can't pull out as that mocks the whole guff about it being a force for peace in Europe, no? //

As yesterday demonstrated the image that the powers that be prefer to portray and the will of the people do not necessarily concur.

[Hypognosis]

@naomi

The powers that be… they don't like it up 'em!
:O)

[naomi24]

Jim, //To some extent the swing has already been happening for a few years anyway//

That's not the point. There is clearly a very substantial degree of dissent across Europe and saying that a swing either way is not a good thing neither reveals nor addresses the issues that create that dissent. Heads that have the power to influence have been stuck in the sand for far too long. Time to wake up and smell the coffee - as 'they' say.

[Hypognosis]

Does the EU serve?

Who does it serve?

Are we on the list of who it serves?

If "no" then why belong to it?

[Khandro]

The latest; Pound/Euro, still almost as it was 10 days ago
http://www.x-rates.com/graph/?from=GBP&;to=EUR&amount=1

[Hypognosis]

That chart shows a slide on the pound, tracing back all the way to November 2015.

What exactly happened, that month, to upset currency traders?

[Old_Geezer]

There is no extra £700 for anyone to get, Ellipsis. Temporary the £ in your account is considered less valuable so if (effectively) you opt out of sterling into dollars then you need to provide more of them to have paid the same value. Similarly in the other direction if someone was paying you £s but only had $s they need to provide fewer, but no one has given them extra $s. If a business owner hasn't considered and minimised the risk of exchange rate fluctuation then their business hasn't been analysed sufficiently. If regular foreign payments are made it probably made sense to have a large amount of foreign currency in a fund to ensure periods of unfavourable exchange rate has less effect over the short term.

[waterboatman]

The EU will break up now. I've always thought so.

[jim360]

Naomi:

"That's not the point. There is clearly a very substantial degree of dissent across Europe and saying that a swing either way is not a good thing neither reveals nor addresses the issues that create that dissent."

I agree with that although, to be fair, there's little I personally can do about it. Nevertheless I don't think that the "swing to the right" addresses the issues either; indeed it could risk making many of the problems of the modern world even worse, in particular with the inevitable divisions that it leads to. The people who end up leading that swing tend to offer little other than a figurehead for the anger, offering (exaggerated versions of) problems, but no real solutions.

The sad thing is this no longer matters.

[Khandro]

There'a lot of it about;
http://www.express.co.uk/news/politics/682403/EU-Referendum-Europe-Brexit-euroscepticism