The Mudcat Café TM
Thread #164605   Message #3967229
Posted By: Iains
19-Dec-18 - 07:45 AM
Thread Name: Brexit #2
Subject: RE: Brexit #2
The first highlights the inflationary effect of exchange rate depreciation. Its not just "holiday Euros", its the cost of practically everything we buy.

There is no such thing as a free lunch. Competitiveness or lack of it has an upside and downside. Ask the Greeks if they would prefer the drachma over the euro?
With your own currency response can be made to the economic dynamics.
In southern europe the only way is Brussels/Down! The latest economy getting trashed is that of Italy.
How many times do you need to be hit before you feel the pain and see the bruising?

Good morning jimmie. Happy trolling!