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Old 31-05-2016, 19:17   #2371
Damien
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re: [Update] The UK votes to leave the EU

Quote:
Originally Posted by Osem View Post
Interesting that you've discounted the notion that the ticking financial timebomb in the EU is a bigger economic hit waiting to happen. The problems in Greece, Spain, Portugal, Italy etc. haven't gone away and what makes you think that, if we stay in, we won't wind up suffering a worse hit - directly by being part of the club (bale outs) and indirectly?
Because I think that would hit us either way. We can't isolate ourselves off from Europe and they will continue to be a big trading partner for us. Now that trade will take a hit if we do leave Europe, in my opinion, which would help protect us a bit but only in the sense that we'll have done the damage anyway. Alternatively if the Leave campaign are right that we'll keep the benefits of the single market then we take the economic hit in the EU or not in the EU.

If the EU is a sinking ship then all Leave are offering is the option to jump overboard. Either way we're going to drown. Better to try and steer the ship or hope it avoids any icebergs.

The thing is Europe will still be there with their problems. People will still be able to take advantage of their open borders and end up in Calais. Their economic regulations will still apply in any businesses here that wish to trade with Europe, albeit those that don't won't be bound by them, and any economic crash will take us along with it.

I think this article sums up the cautious conservatism of many Remain voters: http://www.spectator.co.uk/2016/03/a...for-voting-in/ (open in private/incognito mode if it's paywalled for you).

Last edited by Damien; 31-05-2016 at 19:20.
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