EU and Brexit

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nelmsm
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Re: EU and Brexit

#2751 Post by nelmsm » Tue Feb 11, 2020 1:57 pm

When they call looking for it just tell them the check is in the mail
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Re: EU and Brexit

#2752 Post by Mac » Tue Feb 11, 2020 3:50 pm

First casualty of Brexit, challenger bank N26 is closing all accounts for UK customers in April...
Challenger bank N26 is closing accounts for UK customers on 15 April, blaming difficulties created by the Brexit process.

The bank, which had a significant marketing push after launch, only started offering current accounts in the UK after the EU referendum.

However, it said that the "timing and framework" of the Withdrawal Agreement made it impossible to continue.

With about 200,000 customers, it was one of the smaller operators in the UK.

Thomas Grosse, chief banking officer at N26, which has a European banking licence, said: "While we respect the political decision that has been taken, it means that N26 will be unable to serve our customers in the UK and will have to leave the market."

Accounts will operate as normal until 15 April, by which time funds should be transferred.

Will Sorby, general manager for N26 in the UK, said that accounts would be closed automatically on that date after money has been removed.

Anyone who has money in an account and fails to move it in time will see the cash shifted into a holding account.

Following the closure of the company's UK operations, the majority of its UK staff would move into new roles within the business, the bank said. It is bigger in Germany, where it has its Berlin headquarters, and has recently launched in the US.

The move comes on the day that shadow chancellor John McDonnell has said he fears there's a "risk" of an exodus from the City if the government does not get a swift deal with the EU on financial services.

However, there are no signs as yet of any other challenger or bigger banks following N26 in quitting the UK. Monzo and Starling have a UK banking licence, unlike N26.

It remains tough for challenger banks in the UK current account sector, primarily because a large number of customers do not use their products as their main transactional account.

https://www.bbc.co.uk/news/business-51463632
Can't say I have ever heard of this bank before.
I could be the catalyst that sparks the revolution
I could be an inmate in a long-term institution
I could dream to wide extremes, I could do or die
I could yawn and be withdrawn and watch the world go by
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Re: EU and Brexit

#2753 Post by Anthropoid » Tue Feb 11, 2020 3:58 pm

What the heck is a "challenger bank?"

Ah. So doesn't sound like a big deal of all the "challenger banks" stop doing business, and at that, the article makes it clear that others have developed the licensing to not have to quit anyway.

So basically, this bank of German extraction was taking advantage of being able to operate in G.B. without G.B. licensing. Wouldn't seem to be a big loss for the country.

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Re: EU and Brexit

#2754 Post by nero » Thu Feb 13, 2020 8:43 am

Day of the Long Knives.

Image
Boris Johnson's reshuffle descended into chaos today as Sajid Javid dramatically quit as Chancellor. Mr Javid fell on his sword amid a brutal showdown with No10 aide Dominic Cummings over special advisers. He is understood to have been told that he had to sack all his aides, and accept a team being imposed on him from Downing Street. But a furious Mr Javid responded that would make him 'Chancellor in name only'. Although Mr Cummings was not in the room during fraught discussions with Mr Johnson, sources said it was 'obvious' who was behind the move. Chief Secretary to the Treasury Rishi Sunak is being installed to take Mr Javid's place. But the extraordinary spat is a huge blow for the PM, who was not plotting any changes at the very top of government, despite wielding the knife on a host of veteran Cabinet ministers today. Earlier, Andrea Leadsom, Esther McVey and Theresa Villiers lost their seats around the top table in a quick-fire series of sackings, with the PM vowing to bring through a new generation. Northern Ireland Secretary Julian Smith was also ousted - just weeks after a breakthrough that saw powersharing restored in the province - along with Attorney General Geoffrey Cox.

BREAKING NEWS:

Sajid RESIGNS after refusing to let Dominic Cummings sack his staff: Javid quits after saying he won't be 'Chancellor in name only' during extraordinary showdown with Boris Johnson..

We are living in interesting times. :lol:
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Re: EU and Brexit

#2755 Post by chijohnaok » Thu Feb 13, 2020 4:46 pm

A glimpse at a portion of the Royal Navy that is responsible for fisheries enforcement:

https://youtu.be/79Pj7VmbVUg

Posted from IPad

How will the relationship between the UK and EU fishing vessels pan out?
That remains to be seen.
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Re: EU and Brexit

#2756 Post by chijohnaok » Sat Feb 15, 2020 3:26 pm

https://www.breitbart.com/europe/2020/0 ... ish-money/
EU Mired In Squabble Over Who Should Pay to Cover Lost British Money

BREITBART LONDON
15 Feb 2020

BRUSSELS (AP) — The Brexit drama shook the foundations of the European Union for years and laid bare the need for much-delayed political renovations at the 27-nation bloc. But now that Britain has finally left, where does the EU revamp even start and who is going to foot the bill?

Those questions loom large for EU officials and European leaders alike, because substantial structural changes require some common vision of what a future EU should look like.

Yet even without such unity, the bloc is already a major construction site — with changes pondered in foreign affairs, business, defence, and enlargement into the Balkans, just to name a few projects aimed at making the EU reach its full potential.

The clamour for change has come from both outside and inside the bloc, including from French President Emmanuel Macron, EU Commission President Ursula von der Leyen, and the new EU foreign policy chief.

“It all requires a renewal of the European approach,” Macron said. “We no longer live in the world of the 1990s.”

The EU’s lack of clout to match its potential in the world goes well beyond the departure of Britain. The EU’s institutional quagmire makes smooth, swift decision-making a pipe dream and its shared euro currency proved quite wobbly during the bloc’s financial crisis, which almost saw debt-strapped Greece leave the euro.

But like little else, Brexit brought home the EU’s need to change with the times.

Beyond losing an economic giant, the departure of the United Kingdom was also a geopolitical blow to the EU, since Britain is a UN Security Council permanent member with nuclear weapons and a standing in the world outside Europe that few other countries can match.

Britain’s vote to leave the EU in 2016 was followed by U.S. President Donald Trump’s arrival on the world stage. Since then, the feeling has only grown in the EU that its foreign policy has to change to meet the bruising, confrontational challenges of a new age.

“The European Union needs to shoulder greater responsibility for its own security and also step up its geopolitical presence,” EU foreign policy chief Josep Borrell said at the EU parliament this week. “When it comes to something as vital as defense, EU powers are limited.”

That calls for some fundamental changes, Borrell said.

For decades now, the EU has tried to be the counterpoint of alpha male superpower politics, spreading its “soft power” brand across the globe based on economic and developmental aid, cultural clout and the promotion of human rights, among other non-coercive strategies.

That system is now close to a breaking point.

“We Europeans must adjust our mental maps to deal with the world as it is, not as we hoped it would be,” Borrell wrote in an article last week. “To avoid being the losers in today’s U.S.-China competition, we must relearn the language of power.”

That will be something made even more difficult without the military clout of Britain. French leader Macron says “Europeans must take more responsibility for European defense.”

The EU has been stung by the unraveling of its geopolitical pet project, the 2015 Iran nuclear deal with global powers to make sure that Tehran doesn’t produce nuclear weapons. Trump two years ago decided to turn against the deal co-brokered by his predecessor, Barack Obama, and Iran has responded by saying it would ignore some of deal’s demands.

Firas Modad, a senior analyst with IHS Markit, issued a downbeat assessment of the EU’s stature as it struggled unsuccessfully to keep the Iran nuclear agreement intact.

“Europe is regulated from Washington,” he said. “The European banking system depends on the dollar, the European economy depends on the European banking system. The Europeans don’t spend on their own defence. The weak don’t have a say. Full stop.”

Somehow, the EU’s 15.3 trillion euro ($16.6 trillion) economy is not delivering its political equivalent.

The EU can often be held back by unanimity rules that require everybody to be on board before any action can be taken. And even as it drops to 27 nations with the loss of Britain, the objections and power of a single EU member can still overwhelm reform plans.

To change this paralysis, many in the EU hope to increase majority voting in more cases.

“”With unanimity rules,” Borrell wrote last week, “the risk of paralysis is always present. Member states must realize that using the vetoes weakens not just the union, but also themselves.”

This split between what’s good for the EU and what works best for an individual EU member is at the heart of a budgetary quandary playing out these days at EU headquarters in Brussels. The bloc needs to come up with a new, 1 trillion euro ($1.09 trillion) EU budget — give or take a few tens of billions — for the next seven-year span.

No EU nation wants to pay more to make up for the 75 billion euro ($81.5 billion) gap the British have left in the next EU budget, but a great many poorer EU members want to receive at least as much from the bloc as they did in the past. And new projects, like the vaunted Green Deal project for the EU to become climate neutral by 2050, need to be funded.

To reconcile the irreconcilable, EU Council President Charles Michel has asked EU leaders to see what their budget demands are and how he can temper them ahead of a special summit next week.

The fight comes down to whether the EU’s budget will be 1 per cent, 1.1 per cent or 1.3 per cent of the bloc’s GDP. That fight over a fraction of a percentage point — as much as lofty goals about the EU’s place in the world — will dominate the EU for the next few months much like Brexit dominated the bloc’s agenda for the last four years.

Still, when EU leaders gather next Thursday for the special summit on the budget their chances of immediate success are considered minimal.

“Arriving at an agreement will therefore be a serious challenge, we all know this,” von der Leyen acknowledged.

___

Lori Hinnant contributed from Paris.
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Re: EU and Brexit

#2757 Post by EUBanana » Mon Feb 17, 2020 5:36 am

The European Empire will be yet again a danger to world peace. You can see it brewing.
“The gap in EU finances arising from the United Kingdom’s withdrawal and from the financing needs of new priorities need to be clearly acknowledged.” - Mario Monti

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Re: EU and Brexit

#2758 Post by Anthropoid » Mon Feb 17, 2020 7:37 am

EUBanana wrote:
Mon Feb 17, 2020 5:36 am
The European Empire will be yet again a danger to world peace. You can see it brewing.
Given the blocs behavior with respect to Iran, Iraq, Afghanistan and Syria in the last 20 years, isn't it safe to say that they have already been a danger to world peace for quite some time?

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Re: EU and Brexit

#2759 Post by nero » Mon Feb 17, 2020 7:53 am

Anthropoid wrote:
Mon Feb 17, 2020 7:37 am
EUBanana wrote:
Mon Feb 17, 2020 5:36 am
The European Empire will be yet again a danger to world peace. You can see it brewing.
Given the blocs behavior with respect to Iran, Iraq, Afghanistan and Syria in the last 20 years, isn't it safe to say that they have already been a danger to world peace for quite some time?
Image

:roll:
A stupid person is a person who causes losses to another person or to a group of persons while himself deriving no gain and even possibly incurring losses. -- Carlo M. Cipolla

Mit der Dummheit kämpfen selbst Götter vergebens. -- Friedrich Schiller

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Re: EU and Brexit

#2760 Post by Anthropoid » Mon Feb 17, 2020 8:23 am


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