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UK has to pay EU a 25 billion € debit before leaving the union

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Yes, but like a credit card debt, the bank doesn't care about your debt so long as you make minimum payments each month. You're engaged in the system and they are benefitting from your continued custom.

But if you decide you don't want the card any more, they will want that paid off in full immediately. If you refuse to pay then you default and the only way you'll ever get credit from anyone ever again is by paying a ridiculous rate of interest.

And, no, going to the bank and claiming greatness isn't going to change that, nor is saying "you need me to use your services in a way that harms your business more than I need you to supply me those services." Because that's not how banks/trade deals work.

You clearly don't know how credit cards work. You can cancel a credit card at any time and still pay it off monthly as long as you make the minimum payments.
 

Carn82

Member
so, population EU minus population UK; and spreading that money per capita thats left; thats a decent 43 euros!
 

pigeon

Banned
But what can they really do if 'the UK' simply says "sorry we don't have that kind of money".

Sanction the United Kingdom and seize all assets held overseas to pay off the debt?

Oh wait, is the United Kingdom a huge financial player with large amounts of money stashed all over the globe and also the home to many banks with international branches which would be subject to sanction?

Look up Argentina's attempt to default on its sovereign debt sometime.
 

Conan-san

Member
Another card in the 'Brexit will never happen' deck.
Look. As much as I was for remain. A scenario where we Scotts need to deal with the eternal bellyaching of all involved with this bullshit for all eternity is about as enticing as the thought of seeing Margaret Thatcher in the buff.
 

ittoryu

Member
No they don't. The only countries moaning are the leeches who only take and not contribute anything. The northern countries got the UK's back. Germany is pretty screwed as they will be paying more now that the UK has pulled the trigger. That won't go down well in Germany either in the long run.
What?
The leeches? What?
 

Funky Papa

FUNK-Y-PPA-4
No they don't. The only countries moaning are the leeches who only take and not contribute anything. The northern countries got the UK's back. Germany is pretty screwed as they will be paying more now that the UK has pulled the trigger. That won't go down well in Germany either in the long run.

It doesn't work that way. Budgetary responsibilities will be reshuffled. Case example, Spain will become a net contributor to the EU after the UK leaves.

Also, your talk about "leeches" is not welcome.
 

Osahi

Member
So, what if you guys donated 25 billion in cakes to France? Maybe that would settle it, because they love that stuff.
 
No they don't. The only countries moaning are the leeches who only take and not contribute anything. The northern countries got the UK's back. Germany is pretty screwed as they will be paying more now that the UK has pulled the trigger. That won't go down well in Germany either in the long run.
You have quite the gall to take a pro "UK will get what it wants and the EU will bend over" stance in the other thread while at the same time calling the poorer memberstates who have been significantly easier to work with than the UK "leeches".

I'd rather my german taxpayer money go to poor south/eastern EU members than fund the unfair britrebate which the UK doesn't need nor deserve. But that's just me.
 

nekkid

It doesn't matter who we are, what matters is our plan.
It's becoming clearer that we won't be leaving. The problem is that what we really need is a clear decision from May that says "we won't be leaving because X, Y and Z", which will get rid of uncertainty and should make the GBP and markets bounce back pretty quickly. Our economy would recover pretty well, I think.

Unfortunately, what will actually happen is that so as to not annoy the great unwashed and not give them cause to riot, it will just drag on and on until the Brexit flame fizzles out. That means there will be no landmark decision, and therefore perpetual uncertainty which will ruin our economy for the foreseeable future.
 
But my god is the EU a mess...

It's not the EU that is being a mess, here.
Rather, it was your government that took a vote to leave a union that has has greatly shaped your country's economy and legislation over the last several decades, without actually spending time to determine the practical consequences of doing so. Nor, for the matter, did the Euroskeptical factions in your country bother with that little detail, either. And that's not even getting into your governmental circus show after the vote.

So don't bother trying to divert blame for what you have brought on yourself.

Za44UHt.gif
 
We could do without the BBC for six years. Just repeat the last six years of programmes and no one will notice. 24 billion paid and done.
 
No they don't. The only countries moaning are the leeches who only take and not contribute anything. The northern countries got the UK's back. Germany is pretty screwed as they will be paying more now that the UK has pulled the trigger. That won't go down well in Germany either in the long run.

It'll be a good day living in the EU when you get out.
 

Dougald

Member
Can you explain exactly what happened here lol? Why is the guy behind him laughing?

Farage was making a speech about how MEPs have never done a days work in their lives and the EU is a wasteful institution. Hilarious because Farage himself has been leeching off the EU for years in salary and expenses, while never bothering to contribute anything at all.

The man laughing is Vytenis Andriukaitis, Lithuania's EU Commissioner. He grew up in Siberia after his family was deported there by Stalin, so I'm sure he fits Farages description nicely
 

norinrad

Member
It doesn't work that way. Budgetary responsibilities will be reshuffled. Case example, Spain will become a net contributor to the EU after the UK leaves.

Also, your talk about "leeches" is not welcome.

Perhaps wrong choice of words there. But I doubt Spain would be able to contribute that much when the economy is just recovering. Maybe 5-10 years down the road?

There's absolutely nothing wrong with richer countries paying most of the bill. People should just stop complaining. The UK voted out and everyone has to get used to it.
 
Unfortunately the stupid referendum can't be annuled for the good of the country, because the Brexiters will go apeshit and mass vote UKIP. Doesn't matter to them if UKIP is incompetent and can't actually run a country.
 

Dougald

Member
Unfortunately the stupid referendum can't be annuled for the good of the country, because the Brexiters will go apeshit and mass vote UKIP. Doesn't matter to them if UKIP is incompetent and can't actually run a country.

That would be a case where I'd actually be for first past the post
 

norinrad

Member
It'll be a good day living in the EU when you get out.

That's not going to happen. The positives outweighs the negatives. I may criticize Brussels but I'm not anti EU. There's a difference. Sometimes I'm not happy with them and sometimes I am. Sounds pretty human to me.
 
That would be a case where I'd actually be for first past the post

If I was PM I'd take the L and say 'no we're not leaving the EU, deal with it'. Sadly nobody dares to really do that no matter how much they may want to. The idea in the heads of Brexiters that the UK is the best country ever and only the filthy EU is stopping Britain from being great again is laughable.
 

ittoryu

Member
Perhaps wrong choice of words there. But I doubt Spain would be able to contribute that much when the economy is just recovering. Maybe 5-10 years down the road?

There's absolutely nothing wrong with richer countries paying most of the bill. People should just stop complaining. The UK voted out and everyone has to get used to it.
Perhaps.
Also the last bit: why do we need to "get used to it"?
This is like the dumb "we won, move on" that I read a bit everywhere on social media few days after the referendum: leavers moaned about EU for 10 years, now why should we "get used to it"?
 
No, I won't get used to it, or 'work together and get behind Brexit'. If all goes well with my career choices I'm going to GTFO to Europe and eventually dump my UK citizenship.
 
Can you explain exactly what happened here lol? Why is the guy behind him laughing?

Dougald covered a lot of the details, but in particular, the gif covers a bit of his speech where Ferage claims that the EU has to negotiate a "sensible" trade deal with the UK, and that the consequences would otherwise be "far worse" for the EU than for the UK, and that the UK would in fact be better off with no deal, than the "rotten deal" that it currently has with the EU.

You can just watch about 30 seconds of this video, starting at the marked point:
https://youtu.be/MlN9o3g-yuA?t=5m15s
 

norinrad

Member
Perhaps.
Also the last bit: why do we need to "get used to it"?
This is like the dumb "we won, move on" that I read a bit everywhere on social media few days after the referendum: leavers moaned about EU for 10 years, now why should we "get used to it"?

As you just said, took them 10 years. Let's get the remain referendum going and in 5 years time all will be sorted out. I understand how you feel but so far not much has changed. The real negotiations hasn't even kicked off yet.

I haven't heard companies moving out in droves for Berlin, Paris, Madrid or Amsterdam.
 

Hoo-doo

Banned
Farage was making a speech about how MEPs have never done a days work in their lives and the EU is a wasteful institution. Hilarious because Farage himself has been leeching off the EU for years in salary and expenses, while never bothering to contribute anything at all.

The man laughing is Vytenis Andriukaitis, Lithuania's EU Commissioner. He grew up in Siberia after his family was deported there by Stalin, so I'm sure he fits Farages description nicely

Not to mention that the man is a cardiothoracic surgeon. So the suggestion that he hasn't worked a day in his life is just a little bit extra absurd.
 

Sakura

Member
Yes, but like a credit card debt, the bank doesn't care about your debt so long as you make minimum payments each month. You're engaged in the system and they are benefitting from your continued custom.

But if you decide you don't want the card any more, they will want that paid off in full immediately. If you refuse to pay then you default and the only way you'll ever get credit from anyone ever again is by paying a ridiculous rate of interest.

And, no, going to the bank and claiming greatness isn't going to change that, nor is saying "you need me to use your services in a way that harms your business more than I need you to supply me those services." Because that's not how banks/trade deals work.

OK. But what is the difference between say the UK running an extra 25 billion deficit in their budget to pay the EU, then paying their own national debt off bit by bit? If the EU demands that money all at once, the UK can pay it all at once, but doesn't necessarily have to pay back that money they used to pay for it all at once right? The country already has a national debt of over a trillion.
 

Chmpocalypse

Blizzard
Perhaps wrong choice of words there. But I doubt Spain would be able to contribute that much when the economy is just recovering. Maybe 5-10 years down the road?

There's absolutely nothing wrong with richer countries paying most of the bill. People should just stop complaining. The UK voted out and everyone has to get used to it.

Lol, no, they don't. The EU has every right and motivation to hold the UK, and the racist morons who voted Leave, accountable for their debts and responsibilities. There is no way the UK wins in this fight. As well it shouldn't.
 

norinrad

Member
Lol, no, they don't. The EU has every right and motivation to hold the UK, and the racist morons who voted Leave, accountable for their debts and responsibilities. There is no way the UK wins in this fight. As well it shouldn't.

Fair enough, though calling 15m people racist is not nice. Comes down to me using the word leech, which was also not nice nor fair.
 

Coxy100

Banned
Ucchedavāda;212524014 said:
It's not the EU that is being a mess, here.
Rather, it was your government that took a vote to leave a union that has has greatly shaped your country's economy and legislation over the last several decades, without actually spending time to determine the practical consequences of doing so. Nor, for the matter, did the Euroskeptical factions in your country bother with that little detail, either. And that's not even getting into your governmental circus show after the vote.

So don't bother trying to divert blame for what you have brought on yourself.

Nope couldn't disagree more. Like I said I voted remain and still wish us too - however in this particular case (the debt) it is a mess that the EU caused....that's my point. The leave campaign winning did not cause the debt (EU mismanagement has) - so not sure how you can write I'm diverting blame...

There's no doubt the EU is a bloated mess nowadays - which is a big reason why so many voted leave (as well as the immigration issues).
 

Coxy100

Banned
Lol, no, they don't. The EU has every right and motivation to hold the UK, and the racist morons who voted Leave, accountable for their debts and responsibilities. There is no way the UK wins in this fight. As well it shouldn't.

*sigh* not all of the leave voters were racist morons you know. Also why are you being vindictive against the UK? 'no way the UK wins in this fight. As well it shouldn't".

Seriously? .... So because the UK votes to leave the EU you actually want to see them have a bad outcome? Nice...
 
The best thing is how Trump and the rightwing keep referencing Brexit as an example of a positive change that we can learn lessons from the US and emulate, when in reality it's a fucking disaster that probably will never even happen.
 
*sigh* not all of the leave voters were racist morons you know. Also why are you being vindictive against the UK? 'no way the UK wins in this fight. As well it shouldn't".

Seriously? .... So because the UK votes to leave the EU you actually want to see them have a bad outcome? Nice...
That's a distortion of his words. The leave vote has consequences, one of them being that you need to pay debts owed to the EU. The EU market is not as reliant on the UK as the UK is on the EU. They will set the terms of any deal made. It's not so much that anyone wants the UK to suffer, it's that the UK WILL suffer because of their own decisions of they go through with it.
 

daxy

Member
It's just a matter of outstanding payments for ongoing projects and investments. The UK is unlikely to be expected to pay it in full immediately.

Nope couldn't disagree more. Like I said I voted remain and still wish us too - however in this particular case (the debt) it is a mess that the EU caused....that's my point. The leave campaign winning did not cause the debt (EU mismanagement has) - so not sure how you can write I'm diverting blame...

There's no doubt the EU is a bloated mess nowadays - which is a big reason why so many voted leave (as well as the immigration issues).

I see empty phrases like this echoed time and again, but do you have even an inkling of how the European Union conducts its business? If you go over the numbers and its budget you would find that it's more efficient than most national governments in the EU.
 

Bojanglez

The Amiga Brotherhood
The EU to me come across rather like a mafia organisation:

- Hook you in under false pretences (its just a union based on trade, honest)
- Extort money out of you (pay us every month else you can't do business here)
- Allow you to run up debt to them
- Hand out a portion of the money extorted in the form of gifts in order that the masses don't ask questions
- Only let others in the organisation if they are from the same ethnic background
 
D

Deleted member 13876

Unconfirmed Member
The EU to me come across rather like a mafia organisation:

- Hook you in under false pretences (its just a union based on trade, honest)
- Extort money out of you (pay us every month else you can't do business here)
- Allow you to run up debt to them
- Hand out a portion of the money extorted in the form of gifts in order that the masses don't ask questions
- Only let others in the organisation if they are from the same ethnic background

Alrighty then.
 
The EU to me come across rather like a mafia organisation:

- Hook you in under false pretences (its just a union based on trade, honest)
- Extort money out of you (pay us every month else you can't do business here)
- Allow you to run up debt to them
- Hand out a portion of the money extorted in the form of gifts in order that the masses don't ask questions
- Only let others in the organisation if they are from the same ethnic background

Erdogan, please.
 

War Peaceman

You're a big guy.
The EU to me come across rather like a mafia organisation:

- Hook you in under false pretences (its just a union based on trade, honest)
- Extort money out of you (pay us every month else you can't do business here)
- Allow you to run up debt to them
- Hand out a portion of the money extorted in the form of gifts in order that the masses don't ask questions
- Only let others in the organisation if they are from the same ethnic background

Do you think before you type?
 
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