Yackity Yack, Let's Talk Zack

[Paddingtonwolf]

Such a shame the 33 are such a noisy bunch.

 

[Tony Towner]

Something like 66/33 in favour of rejoining now.

Without knowing the terms I don't think you can take any polling seriously. They aren't letting us rejoin on the preferential terms we left on, for example if entering the Euro is a condition that 66 tumbles

 

[Templeton Peck]

Without knowing the terms I don't think you can take any polling seriously. They aren't letting us rejoin on the preferential terms we left on, for example if entering the Euro is a condition that 66 tumbles

Yeah. Although I'm not so sure how bothered they'd be about us accepting the Euro. We'd be morons to rejoin on those terms tbf.

More likely we'd get single market access for which the price would be free movement of people. I think most people would be happy with that.

 

[Elephant Pyjamas]

The mouthbreathers wouldn't.

 

[Tredman]

What’s up with the euro?

 

[Tony Towner]

What’s up with the euro?

Lamont nearly crashed the economy trying to be in the ERM, so there'd be panic about that as you'd need some harmonisation period where you peg the currencies. Then there's the general optics of losing sovereignty. I genuinely think you'd see that 66-33 flip the other way

 

[Tredman]

All about the (ever weakening) pound in your pocket.

 

[Tony Towner]

A weak pound makes it an even worse time to join

 

[jlo]

There are genuine economic reasons that do mean joining the euro is a bad idea too. You lose your ability to control interest rates for one, the best example of the problem was when Germany and Greece both needed vastly different rates so instead both lost out from the middle ground. Or at least that's how I understood it.

 

[Templeton Peck]

What’s up with the euro?

If your central bank creates your own currency you can pretty much do what you want. Once you give that up, you're all kinds of fucked.

 

[Tredman]

If your central bank creates your own currency you can pretty much do what you want. Once you give that up, you're all kinds of fucked.

In a self sustainable economy sure.

 

[Paddingtonwolf]

Are we going back to the printing money willy-nilly and everything is cool because hyper-inflation doesn't exist argument?

Like all things, quantitative easing has its place in moderation, but you can't go full bore at it without collapsing the currency.