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Old 06.02.2016, 02:10
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Jim2007 Jim2007 is offline
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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It would be ridiculous and absurd to get into a trade war with your neighbor, especially when you publicly proclaim yourself to be for free trade and openness. Should the EU do so if one of its members were to exit, it's all off at that point and it will not have any standing whatsoever.
Yes, but it is not that straight forward! If the UK gives notice of it's intention to leave, it's got 18 months to negotiate any treaties it needs before it joins the queue of third countries seeking trade agreements. But the treaties must be negotiated with the EU as a whole and any member can veto such agreements. And given that the Eastern members will benefit very little from such arrangements it's a fair bet that one of them will use the veto.

My guess is that the UK would get some kind of agreement, but they would have to contribute billions each year to the structural fund each year.
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