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Montevideo, January 25th 2022 - 07:49 UTC
British Prime Minister Boris Johnson will meet EU chiefs by video link Monday to try to breathe new life into stalled post-Brexit trade talks, with both sides entrenched in long-held positions. Read full article
Boris'es sudden interest in talking to the EU wouldn't 'ave anything to do with that Continental €750B recovery package..., would it...?
Baaad timing , leaving the Gentlemans Club..., laddies...
Highly unlikely. A trade deal isn't going to include being part of the EU recovery package, and if the UK government want their own version they can borrow money themselves rather than the EU do it for them.
Besides, this current UK government is so ideologically driven they even refused to take part in the EU plan to get PPE, though it would have made practical sense. They're not going to change their minds now.
“Proposed” “€750B recovery package”, far, far from being agreed, never mind how to spend/pay for it, oh, nor the next 6 year MMF, big increase and all minus the second biggest contributor.
Only place to be on Jan 1st is out.
It will be interesting to watch how they fund the program, if agreed. If they do go the route of EU sovereign debt, it would save more contributions from the richer nations, solve some problems that way.
However it would be tempting then to solve a lot of financial/spending problems that way, for about 10-20 years or so, until you max out the credit card. Just before the next crash/pandemic hits.
On the one hand I can’t see the frugals going for it, on the other hand I can’t see how they can do it any other way, without eye watering increases in contributions and/or very big cuts everywhere else.
Glad it’s no longer our problem really.
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