Quote:
Originally Posted by ntluser
If Merkel's spokesman is saying we're going by the book how come Merkel herself said she is still going to trade with the UK.
Could it be that the EU is going to start their version of Project Fear?
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Continuing to trade is going by the book.
Informing you'd like a free trade agreement isn't fear mongering.
Refusing to discuss said agreements
unofficially is going by the book.
I would speculate that Merkel was aware her spokesman would release that statement. The two aren't contradictory.
EDIT: I think it comes down to making clear to the UK that while we're a valued partner we aren't going to get special treatment. They have to tread that line and balance economic interests in continuing to trade with us unhindered with the wider political message being too nice to us would send.
---------- Post added at 11:22 ---------- Previous post was at 11:06 ----------
Quote:
Originally Posted by Ignitionnet
More volatility this morning. On the upside there's a flight to safety in UK gilts. We can borrow cash very, very, very cheaply.
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I didn't actually think this through. Pension funds invest extensively in UK gilts. This will lower annuity rates.