The single market?

As for the Single Market if the political elite in the UK and the EU could differentiate between the political and commercial aspects of the European Commission/Parliament and Westminster then surely it is not beyond the wit of man to accept the Free Trade Agreement makes perfect sense for the continuance of commerce for ALL the 28 countries which are STILL making up the EU.

It is the political will by some to uphold the mantra of Ever Closer Union and free movement of people that is taking president over commerce and trade and I think it is pathetic and is only serving the political need to show the EU clout and give the UK a bloody nose because it is scared to face up to the fact there is disquiet with the political elite throughout Europe.

Do you not think a Dutch flower exporter in Holland does not share the view of a Somerset cheese exporter? It is the political elite that is standing in the way and it is stupid.

That's not quite true, POGS. Economists have been highlighting for ages that Osborne has decreased the deficit to the detriment of the debt. Not only that, but when Corbyn advocated introducing a slightly different form of Quantitative Easing, which would have created jobs, people threw up their hands in horror and claimed that all the Labour Party ever does is spend money. The difference would have been that Corbyn's QE would have stimulated the economy; now QE is needed just to stabilise the economy and avoid inflation. The price is the devaluation of the pound. The irony is that Osborn has today abandoned his deficit targets.

Nobody seems to mention that Germany is in the EU Nd euro, yet has a stronger economy than the uk, I wonder why.

EU and the Euro - sorry

Ok Germany is in the EU' and has a stronger economy than the UK.

Greece, Spain, Portugal, Italy, Romania, etc are in the EU' and ......???

DD

What is not true in my post?.

I gave facts discussing QE in the Euro Currency area and pointed out the concerns that are being raised re the 'possibility' of the UK raising QE hasn't been a concern for the ECB (Euro currency).

QE and what economists spout is neither here nor there , they can't even agree between themselves. I did not make a personal comment re the for or against of Quantative Easing. I was making a point re the factual state of what is happening in the Euro Currency area and what is happening in the UK.

suzied

I don't think anybody doesn't know Germany has a strong economy. However do many people know that the German Bond Yield dropped to zero for the first time in history recently. There are financial instabilities throughout Europe and Brexit will be seen by those who elect to do so as the 'cause' but whilst it is not helping there has to be an understanding that all is not well in the EU which is adding up to financial insecurities on the markets.

uk.businessinsider.com/german-10-year-bund-yield-drops-below-zero-for-the-first-time-in-history-2016-6

I say again it is time for cool heads, sensible approach to Brexit for all the 28 countries in the EU and an acceptance that to calm the markets it requires a 'tone' of conciliatory negotiations between the EU and the UK. Anything else damages us all and what for, political dogma.

What I meant by the comment about Germany, was that Germany has a stronger economy than the UK, yet the leavers claimed that it is impossible to have a successful economy within the EU (obviously not true).

I don't agree that it's for political dogma. Turbulent markets cause grief all round, especially 'little people'. Germans know only too well what financial collapse can cause. It's almost within living memory when people had to be paid two or three times a day, because inflation was out of control and their grandmothers would have told them how they had to take a wheelbarrow of banknotes to pay for a loaf of bread.

National leaders and banks are trying to stop panic.

PS. Some Japanese bond yields have been negative for some time. It's not as bad as it sounds, because it means governments can borrow cheaply and can step in to correct market failure.

The part which wasn't true was in your previous post...

"Why is the fact the European Central Bank. (Euro currency) put into place Quantative Easing last year and it didn't raise an eye brow from those who are commentating re Brexit."

It did raise many eyebrows.

Osborne has used QE ever since he became chancellor. He just doesn't tell people that's what it is. He uses it to help the banks, not for jobs, infrastructure and housing, which is what
PEOPLE's QE is.
There's a big difference between the two types of QE.

www.taxresearch.org.uk/Blog/2015/11/09/qe-has-saved-the-government-47-billion-over-four-years-and-so-george-wants-to-give-25-billion-back-to-bankers/

www.taxresearch.org.uk/Blog/2015/08/25/the-bank-of-englands-already-been-authorised-to-do-peoples-quantitative-easing/

Loads more where they come from, but I think you'll get the general gist.

QE has the same eventual effect on the value of money, whoever is supposed to get the benefit of it. It is a remedy which should be taken as a last resort.

Overdosing could lead to ATM's having stocks of wheelbarrows beside them, in which customers can take home their modest withdrawals.

I know DD.

Japan, Sweden, Switzerland and Denmark also have negative Bond Yields.

I was responding to previous posts on the thread talking about QE and the German economy. I made no comment as to the for or against of using QE. My point is there are many posts that blame the Brexit referendum for all the financial ills but there are many other aspects that are worth remembering throughout Europe and the EU.

Who blames Brexit for all the financial ills? We know we had financial problems well before Brexit even became a word.

Elegran, PQE is different from QE. QE gives money to the banks, which do nothing useful with it.
PQE sets up its own bank and feeds into employment, housing and infrastructure. It can be controlled.

While the FTSE100 has gone back up since Brexit, that contains mainly international companies.
The FTSE250 is the mainly British fund, and it is still down on pre-brexit numbers.

www.londonstockexchange.com/exchange/prices-and-markets/stocks/indices/summary/summary-indices.html?index=MCX

Worth looking at the FTSE 250 chart over the last month to 5 years

www.ig.com/uk/indices-news/2016/06/29/is-the-ftse-250_s-run-at-an-end--33072

FTSE250 expected to be negative over the next two quarters, POGS, from your ig.com link.
That's what's important now. That's what Brexit has caused, according to analysts. Of course, they are experts so may be wrong.

www.londonstockexchange.com/exchange/prices-and-markets/stocks/indices/summary/summary-indices.html?index=UKX

Again interesting to look at the chart from I month to 5 year history.

What I am trying to do is admit the Brexit referendum has had an effect on the markets and it could all come crashing down around our ears Monday. I am not saying all is well, I have got frustrated with the 'many' posts that have virtually declared financial Armegeddon because of Brexit and which have not given any consideration to the markets outside the UK, taken any notice of previous rises and falls which should be taken into consideration.

Don't buy Greek Olive Oil Anya, Italian is the best.

But we can't buy Italian without negotiating with the single market (and round it goes). I wonder if Albania make olive oil ...

suzied probably not but South Africa does and it gets good reviews.

POGS. I agree. At the worst we may suffer from some of the trading conditions that we have imposed on the developing world (for want of a better term) by being in a protectionist trading block. They usually break up eventually because protectionism backfires.