Menu

  • EU says no prolongation of Brexit deadline

  • #1
  • Quote
  • Dec 7, 2017 6:52am Dec 7, 2017 6:52am
so no brexit deal and pound drops.
  • #2
  • Quote
  • Dec 7, 2017 7:16am Dec 7, 2017 7:16am
  •  Trader#822E
  • | Status: Unregistered Trader
No deal is better than a "rushed" deal. No one will die so there is nothing to worry about.
  • #3
  • Quote
  • Dec 7, 2017 7:33am Dec 7, 2017 7:33am
sell gbpusd
  • #4
  • Quote
  • Dec 7, 2017 7:38am Dec 7, 2017 7:38am
Oh well, we missed your deadline EU, so walk away May, we will go through WTO and EU can pay those tariffs on all the trade they do with their biggest customer and UK will save 50B + . We get to make our own laws. Control our own immigration. All UK citizens controlled by UK law. The Irish border remains the same and we can eat whatever shaped banana s we like.
Walk on by, May!! Just walk on by!
  • #5
  • Quote
  • Dec 7, 2017 7:44am Dec 7, 2017 7:44am
Quoting Wayne2401
Oh well, we missed your deadline EU, so walk away May, we will go through WTO and EU can pay those tariffs on all the trade they do with their biggest customer and UK will save 50B + . We get to make our own laws. Control our own immigration. All UK citizens controlled by UK law. The Irish border remains the same and we can eat whatever shaped banana s we like. Walk on by, May!! Just walk on by!
Excellent!!

Kick out all the Europeans already over here. Bring back all the Brits from the EU.

Close up the Irish border and throw the good Friday agreement down the toilet.

Reband the IRA and let the bombings commence...wooohooo.
  • #6
  • Quote
  • Dec 7, 2017 8:04am Dec 7, 2017 8:04am
Quoting Wayne2401
Oh well, we missed your deadline EU, so walk away May, we will go through WTO and EU can pay those tariffs on all the trade they do with their biggest customer and UK will save 50B + . We get to make our own laws. Control our own immigration. All UK citizens controlled by UK law. The Irish border remains the same and we can eat whatever shaped banana s we like. Walk on by, May!! Just walk on by!
You do realize that the EU can block the revival of your individual WTO membership if we feel you have reneged on your membership commitments as you have been WTO members as part of the EU since 1997 ?

https://www.ictsd.org/opinion/nothing-simple-about-uk-regaining-wto-status-post-brexit
  • #7
  • Quote
  • Dec 7, 2017 9:08am Dec 7, 2017 9:08am
Quoting barkie
{quote} You do realize that the EU can block the revival of your individual WTO membership if we feel you have reneged on your membership commitments as you have been WTO members as part of the EU since 1997 ? https://www.ictsd.org/opinion/nothing-simple-about-uk-regaining-wto-status-post-brexit
You cannot block our membership, you can object , which would then go to court, for many years. Of course you would have to have solid grounds. It has been proven in many legal quarters the UK owes nothing upon exit . So let the courts decide your objection,,the UK has always abided by such any decisions.
The UK is a member of the WTO in its own right, having cofounded the General Agreement on Tariffs and Trade (GATT), the WTO’s predecessor, with other 22 countries in 1948. It does not have to reapply to join the WTO once it leaves the EU.

A key principle of the WTO is that countries do not discriminate against one another. If the UK does not have a Free Trade Agreement (FTA) with the EU, the EU will have to treat the UK in the same way that it treats all other WTO members in that position, This means that EU tariffs would have to apply to the UK. It would be WTO-illegal for the EU not to place tariffs on the UK after Brexit if there was no FTA. As we import more than we export to the EU, we would benefit. The EU would suffer.

The UK owes nothing upon exit in legal terms. We cannot renege on something that has nothing legally binding.
However, should we not be able to agree upon the terms of the divorce bill,then these claims (and the UK’s cross-claims) be referred to adjudication in front of a neutral international tribunal. This would of course include our claim for our share of The EIB.
  • #8
  • Quote
  • Dec 7, 2017 9:34am Dec 7, 2017 9:34am
Quoting digit1288
{quote} Excellent!! Kick out all the Europeans already over here. Bring back all the Brits from the EU. Close up the Irish border and throw the good Friday agreement down the toilet. Reband the IRA and let the bombings commence...wooohooo.
I suggested completely the opposite- keep the status quo - respect the Good Friday agreement. I never suggested kicking out EU residents,visa s and residencies can( and are currently) be issued to all sorts of immigrants from many countries. What the EU decide to do with their UK citizens would of course be under their jurisdiction.
  • #9
  • Quote
  • Dec 7, 2017 9:55am Dec 7, 2017 9:55am
Quoting Wayne2401
{quote} You cannot block our membership, you can object , which would then go to court, for many years. Of course you would have to have solid grounds. It has been proven in many legal quarters the UK owes nothing upon exit . So let the courts decide your objection,,the UK has always abided by such any decisions. The UK is a member of the WTO in its own right, having cofounded the General Agreement on Tariffs and Trade (GATT), the WTO’s predecessor, with other 22 countries in 1948. It does not have to reapply to join the WTO once it leaves the EU....
Well, here's the thing Wayne. As the article points out, the EU exists of 29 WTO members, 28 member states and the EU itself right ?

So the UK will need a new WTO schedule to set baselines for future trade deals. To get this done the UK needs UNANIMOUS agreement from all 160 WTO members (including Spain, Argentina ).

Bottomline: When one member blocks your new schedule the UK won't be able to trade based on WTO rules which basically means you are not able to trade as an individual member with anyone at all.

UK= completely utterly dependent on the EU so be nice.
  • #10
  • Quote
  • Dec 7, 2017 10:01am Dec 7, 2017 10:01am
Quoting barkie
{quote} Well, here's the thing Wayne. As the article points out, the EU exists of 29 WTO members, 28 member states and the EU itself right ? So the UK will need a new WTO schedule to set baselines for future trade deals. To get this done the UK needs UNANIMOUS agreement from all 160 WTO members (including Spain, Argentina ). Bottomline: When one member blocks your new schedule the UK won't be able to trade based on WTO rules which basically means you are not able to trade as an individual member with anyone at all. UK= completely utterly...
WTO Chief: Britain will be fine without an EU trade deal http://www.westmonster.com/wto-chief...eu-trade-deal/

http://www.telegraph.co.uk/business/...says-head-wto/

https://www.instituteforgovernment.o...ganization-wto
  • #11
  • Quote
  • Dec 7, 2017 10:05am Dec 7, 2017 10:05am
Quoting HockMan
sell gbpusd
Are you working for the Market makers...with this king of advice sir?

Currencies are always going up and down but GBPUSD is not heading down until after the interest rate decision at the earliest with out without Brexit info.

Which means if there is no Brexit info in play it will hit Target of 1.35/1.36 again before going down
  • #12
  • Quote
  • Dec 7, 2017 10:10am Dec 7, 2017 10:10am
Quoting barkie
UK= completely utterly dependent on the EU so be nice.
In your dreams Barkie, in your dreams!!
  • #13
  • Quote
  • Dec 7, 2017 10:28am Dec 7, 2017 10:28am
Quoting barkie
{quote} Well, here's the thing Wayne. As the article points out, the EU exists of 29 WTO members, 28 member states and the EU itself right ? So the UK will need a new WTO schedule to set baselines for future trade deals. To get this done the UK needs UNANIMOUS agreement from all 160 WTO members (including Spain, Argentina ). Bottomline: When one member blocks your new schedule the UK won't be able to trade based on WTO rules which basically means you are not able to trade as an individual member with anyone at all. UK= completely utterly...
The UK has already stated it would "cut and paste" the existing with the EU, so how could the EU object? Even the EU would not make themselves look that stupid, objecting to what they have!
We are your biggest customer - so be nice.
  • #14
  • Quote
  • Dec 7, 2017 11:09am Dec 7, 2017 11:09am
Quoting DonFF
{quote} Are you working for the Market makers...with this king of advice sir? Currencies are always going up and down but GBPUSD is not heading down until after the interest rate decision at the earliest with out without Brexit info. Which means if there is no Brexit info in play it will hit Target of 1.35/1.36 again before going down
No ... I believe he has just decided to sell GBP instead of Bitcoin, and would like some friends
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #15
  • Quote
  • Dec 7, 2017 11:10am Dec 7, 2017 11:10am
Quoting Wayne2401
Oh well, we missed your deadline EU, so walk away May, we will go through WTO and EU can pay those tariffs on all the trade they do with their biggest customer and UK will save 50B + . We get to make our own laws. Control our own immigration. All UK citizens controlled by UK law. The Irish border remains the same and we can eat whatever shaped banana s we like. Walk on by, May!! Just walk on by!
I feel a song coming on...
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #16
  • Quote
  • Dec 7, 2017 12:56pm Dec 7, 2017 12:56pm
Quoting Exodus
{quote} I feel a song coming on...
It is top of the charts, for me.
  • #17
  • Quote
  • Dec 7, 2017 12:57pm Dec 7, 2017 12:57pm
Quoting Wayne2401
{quote} It is top of the charts, for me.
and so much better than " Let s stick together"
  • #18
  • Quote
  • Dec 8, 2017 4:17am Dec 8, 2017 4:17am
Quoting Guest
No deal is better than a "rushed" deal. No one will die so there is nothing to worry about.
And no deal would prove utter incompetence, which would imply the way for the UK economy. So dont be so proud of yourself, to find strong words.
  • New Comment
  •  Trader#116F
  • | Status: Unregistered Trader
Create Account
  • Story Stats
  • Posted: Dec 7, 2017 6:27am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 18  /  Views: 4,938