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kevthorne
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EU Buffoonery: Brexit Divorce Bill Upped to €100 Billion - Mish - Global Economic Analysis

UK has been running a trade deficit for years with the EU - around £60 billion per year (source: Office of National Statistics).
Analogy: If you were in a casino and the croupier lent you a few chips to get your losses back, you could meet a couple of large guys in tuxedos at the door who would say you aren't going anywhere, pal, until you can find a friend to pay your tab.
No different with the EU.
The UK is attempting to welsh on it's debt - after buying goods with an overpriced Sterling for years - and the agreement John Major the PM signed in the Maastricht Treaty, (the 'opt-out' clause that expired in March 2017) now means that it will be un-economic for EU merchants to trade with the UK anymore, unless the pound is devalued to bring it into line with the Euro.
Oh dear! The 'Brexiteers' get the blame from the 'Remainers' - and Government gets off scott free.

Commented 2540 days ago

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Beginning of the headline :The laugh of the day is a move by the EU to up Brexit divorce settlement to €100 billion from €60 billion. France and Poland want to include agricultural subsidies and Germany proposes the UK should get nothing for assets such as buildings. This is such a nonstarter that even the most diehard deal proponents ought to be shaking their heads. Some of this is tit-for-tat gamesmanship involves Brexit leaks in which EC president Jean-Claude Juncker informed Angela Merkel that “Theresa May Lives in ... Read More

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