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Will German Industry Save Us?
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We've often heard predictions that the German govt will be pressured by lobbyists from the auto industry into softening in their stance over Britain and giving us a better exit deal. Can we really be so sure, given that those very lobbyists aren't quite sending supportive signals?
//To prepare for a disruptive British departure from the EU, the BDI said it had set up a task force including major companies, which trains-to-turbines group Siemens (SIEGn.DE) said it was part of.
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“German companies with a presence in Britain and Northern Ireland must now make provisions for the serious case of a very hard exit. Anything else would be naive.”
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Sources told Reuters in September that big players such as Airbus (AIR.PA) and Deutsche Bank (DBKGn.DE) were participants.
Siemens, which employs more than 15,000 people in Britain including a wind-power joint venture Siemens Gamesa (SGREN.MC), said it was joining too. “Obviously we’re very interested in this whole endeavour,” a spokesman said.
Germany’s VDA automobile association, which represents major manufacturers such as BMW (BMWG.DE), is also involved, a VDA spokeswoman said. //
We've often heard predictions that the German govt will be pressured by lobbyists from the auto industry into softening in their stance over Britain and giving us a better exit deal. Can we really be so sure, given that those very lobbyists aren't quite sending supportive signals?
//To prepare for a disruptive British departure from the EU, the BDI said it had set up a task force including major companies, which trains-to-turbines group Siemens (SIEGn.DE) said it was part of.
...
“German companies with a presence in Britain and Northern Ireland must now make provisions for the serious case of a very hard exit. Anything else would be naive.”
...
Sources told Reuters in September that big players such as Airbus (AIR.PA) and Deutsche Bank (DBKGn.DE) were participants.
Siemens, which employs more than 15,000 people in Britain including a wind-power joint venture Siemens Gamesa (SGREN.MC), said it was joining too. “Obviously we’re very interested in this whole endeavour,” a spokesman said.
Germany’s VDA automobile association, which represents major manufacturers such as BMW (BMWG.DE), is also involved, a VDA spokeswoman said. //
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"In the end business expediency will overcome political dogma."
We hope so, but if it were always so there would rarely be any wars. Sometimes the lure of expanding one's empire over the continent overshadows any possible period of austerity.
The immediate economy is not always the main priority, even if it is much of the time in peacetime. Sometimes something else is seen as being worth the cost.
We hope so, but if it were always so there would rarely be any wars. Sometimes the lure of expanding one's empire over the continent overshadows any possible period of austerity.
The immediate economy is not always the main priority, even if it is much of the time in peacetime. Sometimes something else is seen as being worth the cost.
It's been obvious, to me, from the beginning that the sensible thing is to prepare to come out with no deal and expect WTO terms. Any agreement is then a bonus.
The EU is trying to string us along with promises of an ever-receding 'deal' in the hope that eventually it will be too late to negotiate anything else and we will panic and accept anything they offer. This would involve joining the euro, I'm sure, and probably being totally subsumed into the great state of Europe.
There is no going back to how things were.
The EU is trying to string us along with promises of an ever-receding 'deal' in the hope that eventually it will be too late to negotiate anything else and we will panic and accept anything they offer. This would involve joining the euro, I'm sure, and probably being totally subsumed into the great state of Europe.
There is no going back to how things were.
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