Comments by "Karsten Schuhmann" (@karstenschuhmann8334) on "EU Chiefs warn UK Trade Brexit Talks In 'Critical Phase" video.

  1.  @alanedwards6491  1. Large quantities of trading have already moved. 2. Why should a bank move and disrupt its operation if there still is either a deal or an 18-month contingency. That is still more than sufficient time to move for a bank.
    2
  2. No deal is better than a bad deal, but only for the EU. In 2021 once the reality of Brexit is beginning to bite Barnier will have an even stronger hand.
    1
  3.  @alanedwards6491  Nobody forces the banks to stay in London, there will be some contingency measures but after this any bank will need to have moved of founded a subsidary within the EU. This is crucial to preserve the rule of law within the EU. Banks do not need a lot of infrastructures to operate. The capital will find a way to make a profit.
    1
  4.  @alanedwards6491  Well, still better than being paid in worthless Pounds.
    1
  5.  @alanedwards6491  And you want to tell me the UK is not? Who was paying for the furlong scheme, who for eat out to help out... The Pound has already lost about 30% of its value compared to the Euro and the UK has been downrated by Fitch.
    1
  6.  @alanedwards6491  You seem not even able to understand yourself what you are saying. To my knowledge, I have no exaggerated anything, please show me otherwise.
    1
  7.  @alanedwards6491  Well, what about the last 5 years?
    1
  8.  @alanedwards6491  5 years ago it was 1.43.
    1
  9.  @alanedwards6491  A Year agoo the GDP to dept of the UK was identical to the EU 27, now you are much worse.
    1
  10.  @alanedwards6491  What are you talking about. I was talking about the average debt to GDP in the EU. So the dept given by you is included. So in fact already at that time, the average of the EU was in a better position than the UK. But now the economy of the UK was stronger influenced by covid 19 than any country in the EU, and considerable worse than average of the EU. And now you are going into Brexit and damaging your economy. It is more likely that the UK will go the path of Greece and no EU will bail you out.
    1
  11.  @alanedwards6491  Well, financing is available from all over the world, and the Banks are mot owned by the government of the UK. The only country downgraded recently was the UK. The fact that these banks are lokated in the UK does not mean they will provide cheap financing to the government of the UK, or that the financing for EU countries will become more expensive.
    1
  12.  @alanedwards6491  Well, as I said before, it is the UK that is losing trustworthyness, not a single coutry of the EU.
    1
  13.  @alanedwards6491  Wow, you are changing the topic. The EU can change its own rules as often as it likes if all stakeholders agree it is called legislation, not cheating. But sure, this incident further reduced the trusworthiness of the UK.
    1
  14.  @alanedwards6491  Well, good faith means to stand by your commitments, not to pamper the other side. Furthermore, the proposal of Barnier follows the PD. The was very consistent and frank. Well, the UK has not convinced any member country that a deal would be beneficial. You can lower your standards all you like but you cannot have direct access to the common market while doing so. We do not need a rogue nation in the EU.
    1
  15.  @alanedwards6491  Sure, the PD was non binding, but following the signed agreement cannot be called bad faith, not by the furthest stretch. Introduction proposals contradicting the PD in contrast surely was delaying the negotiations.
    1
  16.  @alanedwards6491  Once again, the UK needs the trade deal, the EU not so much. In 2021 once the reality of Brexit is beginning to bite Barnier will have an even stronger hand.
    1
  17.  @alanedwards6491 Not pampering the UK has nothing to do with bad faith. The EU always stood by its commitments, the UK did not. You cannot blame the European countries for trying to get the best possible deal. Brexit will hurt these countries, any possible deal needs to minimize this impact for the countries of the EU. The proposal of Frost would damage the common market, it is far worse than No-Deal.
    1
  18.  @alanedwards6491  Well, the trade deficit of the UK is likely to increase after Brexit.
    1
  19.  @alanedwards6491  Well, not sure about that, but it would certainly not help you. Why are you delighted to damage others when this does not even benefit yourself? That does not reflect well on your personality.
    1
  20.  @alanedwards6491  The proposal of the EU was fair unlike the proposal of Frost/Johnson. But anyway the UK never asked for a Canada style deal: The Canada deal had taken more than seven years to negotiate, and the UK is slower in negotiating than other countries. Limiting the transition period to 11 months excluded a Canada style deal from the beginning. The Canada deal still requires border checks, but the UK does not have the staff to perform these checks. The Canada deal contains no freedom of services. Opening a deal for services requires a much deeper alignment than the Canada deal.
    1