Saturday, June 25, 2016

United Kingdom already bears the consequences of the decision to Brexicie. Moody’s changed the outlook to negative country – Gazeta Wyborcza

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                           Citizens of the United Kingdom told  a & # x119; in Thursday's referendum O &  # x15B; moths of the European Union - according to  a published pi & # x105; Friday morning by  the commission & # x119; the election &  # x105; the final result & # XF3, in. 51.9  percent. voter & # XF3; in-zag & # x142;  Osowa & # x142; o for leaving the EU, and  48.1 per cent. for remaining in the Factor &  # XF3; lnocie

British citizens spoke in Thursday's referendum for leaving the European Union - results from published Friday morning by the electoral commission of the final results. 51.9 percent. voters voted for leaving the EU and 48.1 percent. for remaining in the Community (ROB Stothard / AP)

                  
                  
                  


                  
             

             
   
   
   
 
 
 
 
The head of the European Central Bank warned that if Britain leaves the single market, the City of London can not hope to maintain the existing benefits of membership in the Union.

 
 
 
 
 
 
 
 
 
 
 
 
 
                          
 

                 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
         


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Battle of Brexit

Moody's maintained its rating of A / A1 Britain, but changed its outlook to negative. The prospect is an indication of the general direction in which a rating is likely to take. As we read in the Communication agencies, stems from a "long period of uncertainty."

"In the longer term, if the United Kingdom will not be able to enter into favorable trade agreement with the European Union and other countries, the growth prospects of the United Kingdom turn out to be weaker than expected, "- he wrote Moody's.

cut the AAA rating has also threatened by another agency - Standard & Poor's.

What's next of the City of London

Francois Villeroy de Galhau of the Governing Council of the European Central Bank warned on Saturday that if Britain leaves the single market, the City of London can not count on the behavior of the so-called. European financial passport. In practice, this would mean higher operating costs of financial institutions, which would have set up offices in the EU, for example. Frankfurt, Dublin and Paris.

Villeroy joined the EU officials - including the head of the European Commission Jean-Claude Juncker - who appeal to Brexit carried out as soon as possible. The outgoing Prime Minister David Cameron said however on Friday that it has sent an official letter of the British government to the European Council, which will begin the procedure, should decide now the new prime minister.

That restriction or loss of access to the internal market in financial services City He fears most. On the other hand Brexit allow the City to get rid of many regulations embarrassing activity, which has blocked the EU. Position of London's financial center will be an important point for the negotiations in London with Brussels.

It will be bad or worse?

published before the referendum Treasury report presented two scenarios in the event of economic Brexitu: bad and worse. In the first resort Chancellor George Osborne argued that UK GDP within two years after the referendum would be lower by 3.6 percent. in relation to the expected level in the case remain within the EU. Pound would lose 12 percent. value, and the average salary would drop by 2.8 percent. Przybyłoby 520 thousand. unemployed. This scenario assumed that the country signs a free trade agreement with the EU, like Canada. Worse variant predicted that such an agreement does not exist. This would mean lower GDP by 6 per cent., The depreciation of the pound by 15 percent. and the average wage by 4 percent. and 820 thousand. new unemployed.

Another option would be to remain British in the common market, but this would require huge concessions, eg. maintenance free movement of persons.

Negotiations on these options will take many years.

Investors panicked

the result of the referendum, in which 51.9 percent. voters were in favor of leaving the EU quickly responded investors in the financial markets. Shortly after the announcement of the surprising results of the first districts - Newcastle and Sunderland - pound depreciated sharply against the US dollar. On Friday, moments lost several percent and was at its lowest level in 30 years. Even at midnight from Thursday to Friday for pound they paid 1.5 dollars. On Saturday, in the chair. 10 just 1.36. The sharp declines recorded as the London Stock Exchange.

         


         


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Comments (3)
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                                 Cameron got under zadyma so nicely with brexitem, and now do not dare to send a letter to RE? After all, he got what he wanted. Our dwarf too cocky, but let's consider that his wish did not come true.
                               
                             
                           


     
     
     
     

     
     

     

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     anzelm_pierwszy
     
     


     


     
     

                             
                               
                               
                                 It will be poorer, but "our language." On the Vistula River is also many supporters zbiednienia.
                               
                             
                           


     
     
     
     

     
     

     

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To assess Login or zarejestrujX

 

 
 
 


 
 

 
 
 
 

 
 
   
 
 
 
 

 
 
 

 
 

 
 
 
 
 
 
 
 

                         
 
 
 
 
 


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