Posted on 06/27/2016 2:32:06 AM PDT by Eurotwit
German manufacturers last night demanded that Britain be allowed to continue trading with the EU without any barriers.
The car-making industry said punishing Britain makes no sense – and it called on the German chancellor to give the UK a favourable trade deal.
Eurosceptics have repeatedly argued it is not in the EU’s interests to bring in tariffs as the UK imports more from Europe than it exports, and any weakening of the British economy would also have a ripple effect on Europe. Matthias Wissmann, of the German Association of the Automotive Industry (VDA), said: ‘Even if many “experts” are competing to paint the worst possible scenario, now is the time for calmness.
‘Every possible measure must be undertaken to enable the continued free movement of goods and services between the UK and the other EU countries. Following British departure from the EU, it will be in nobody’s interest to make the international flow of goods more expensive by erecting customs barriers between Britain and the European continent.’
(Excerpt) Read more at dailymail.co.uk ...
Though some in the EU are no doubt looking to punish Britain.
My prediction: Britain will enter into an arrangement similar to Norway and Switzerland.
This entails still accesss to the common market, but also largely free movement of labour.
Though more soverignty and freedom, and most of all a final exit will be a lot easier.
I view this as a half way house, after which full independence can be attained.
That is my prediction.
I personally hope that Britain leaves it all. And then can provide a role model for Norway to follow suit.
Cheers.
It's in the eurocrats interest, so it just might happen.
That is my fear as well, and why I posted this article.
What will win out in the end?
Common sense business or the EU’s need to make an example of the Uk...
Agreed... but not until there has been about another 10% hole knocked in the global equities markets. Anyone want to bet that Soros and some of the other big guys aren't shorting the markets?
Sadly, it is almost inevitable that the markets will be worried by the uncertainty now currently in effect until a new deal is hammered down.
Uncertainty = cost from finance 101
It wasn’t all sunshine and roses for the decade after 1776.
Might still have been worth it in the end :)
You don’t understand. It is impossible to have free trade between Europe and the Continent, unless Herman Van Rumpoy has a nice office and lots of staff to micromanage every single aspect of every transaction.
Well, this is good. Hopefully, more rational voices will speak up in the future.
From the crying and gnashing of teeth following the passage of Brexit, one would think that every country that refused to join the EU is a stinking cesspool unfit for human habitation. However, non EU countries seem to be doing just fine. The UK will do fine, too, and be a lot more free as well.
The two richest nations in Europe are non EU members...
Norway and Switzerland.
The LAST THING that European manufacturers want to do is play the little Brexit game - they are not about to quietly ‘take their medicine’ in an attempt to punish Britain.
They also know that there are some REALLY GOOD CARS (and just about every other item) built in Asia, as well as crappy cars available from the UAW.
So they know that the Brits have MANY CHOICES without Europe, and once they start making making choices outside of the EU, it will be VERY HARD to bring Britain back, regardless of what’s offered.
Let me guess—they are rich from lutefisk and chocolate exports?
PACCAR the maker of Kenworth and Peterbilt heavy duty trucks also owns European DAF trucks with factories in Holland, Belgium and Britain. I wonder how Brexit in effecting them.
One of the reasons the Swiss economy is so robust is that it has lower levels of regulation in industry than nearly any other country.
That, and it has money!
I’m sure the fact that Switzerland has always fiercely maintained its independence is a factor.
Businesses don't care about revenge because they are, for the most part, practical. Money (practicality) will win out and things will work out fine.
And opportunity means potential profit.
And potential profit means investment.
I assume you meant the European Union.
Trump will be all over this in the near future...
BMW has the Mini Cooper built in Great Britain. jaguar is now owned by a company in India. Mercede Benz sells a lot of cars to Great Britain as well as Volkswagen, Audi and BMW. GM and Ford of Europe what about their cars manufactured on Continental Europe. just another issue that Odumbo will say Great Britain has to go to the back of the queu
“The outcome will be determined in the board rooms of Seimens and Bayer and BASF and BMW and Daimler” bert 06/26/16
“The economic outcome is largely in the hands of the umpteen businesses within the UK and the EU countries that do business on a daily basis”
“The businesses that operate on a global scale will continue and work it out. Accommodations will be reached simply because there is money involved.” bert 6/25/16
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