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The EU was always going to fail, its just a matter of time. They...

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Fishinnick

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25/03/19

14:00

Post #: 37874434
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Originally posted by Osi: ↑

An uncontrolled Brexit impacting on an EU economy that is already in recession will most certainly trigger some follow-on debacles. Germany is exposed. DB is exposed. Non-performing loans now parked in the shadows will both grow in absolute number and in default frequency.

It's important not to assess Brexit purely by its likely impact on Britain. Nothing much happens in a linear fashion in this space. Many businesses and asset classes are a tipping points and only need a little bit of a shove to fall over completely in current circumstances.

An uncontrolled Brexit would not be such a big deal (globally) if the EU was in a healthy period of high growth. The problem is that it isn't.

cheers

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The EU was always going to fail, its just a matter of time. They should run the place properly and they wouldn't be on knife edge.
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