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Old 14.05.2016, 22:55
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Nothing to do with good judgement of the politicians or other experts you advocate running the country.
I stated already: London financial journalists were saying before the crash and forced exit, do not join the Euro/ERM, but UK politicians signed us up. I think we have all learnt something after that ongoing disaster. Britain today is much stronger by not being in the Euro. Cameron recently obtained for Britain an official opt out from the Euro.

The UK pound floats against the Euro but the Greek, Italian, Spanish and Portuguese Euro cannot move, and so other factors become changeable. In the old days the Lira, Pisa and Drachma would have simply devalued, but today they cannot devalue their currency. And so the result is high unemployment in these countries, with resulting migration to the UK.
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