I missed this when on our hols but:
Quote:
Eurozone woes continue as German exports plunge and French industry deteriorates
German exports fell at the fastest pace in more than a year in July as French industrial production shrank for a third straight month, fuelling fears of a wider eurozone slowdown.
Exports in Germany fell 2.6pc in July compared with June, according to Destatis. This was the biggest fall since August 2015, and compares with expectations for a 0.4pc rise.
The decline was driven by a drop in sales outside the EU, including China and the US, while demand from the UK also fell. June's month-on-month rise of 0.3pc was also revised down to 0.2pc.
Separate data showed French industrial production declined by 0.6pc in July on a monthly basis.
Analysts had expected French production to bounce back following declines in May and June when activity was hit by strike action.
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http://www.telegraph.co.uk/business/...-french-indus/
Oh dear, things not so good over there yet then...
---------- Post added at 14:49 ---------- Previous post was at 14:41 ----------
Quote:
Originally Posted by pip08456
The fact is it will happen like it or not. Add to that those slagging off May for saying we will be having a hard Brexit does not make our bargaining postition worse, in fact quite the opposite.
The EU exports more to us than we do to them, We will be free to source elsewhere, they will have to sell elsewhere unless they are willing to do a deal. If the EU want to write off those exports then hey-ho let them get on with it.
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Yes
As for 'salivating' about Eurozone collapse? What utter tosh! I for one would much rather they'd seen the light and reformed but not a chance of that even in the face of Brexit.
Nobody's 'salivating' simply pointing out what's happening just across the water is perfectly legitimate especially since,
it already has and will continue to affect the UK adversely, even moreso if we're still shackled to the sinking ship.
Rather than attacking the messengers, maybe it'd be more useful for some people to focus on the flawed EU ideology, political dogma, mismanagement and utter intransigence which has led the Eurozone into this crisis and shows no sign of abating. So much easier to ignore all that and resort to the usual insults though eh? Standard fare for those who can't argue their case...
---------- Post added at 15:07 ---------- Previous post was at 14:49 ----------
Then there's this still simmering away nicely:
Quote:
Greece is facing another bailout standoff with its creditors amid reports that eurozone countries will refuse to release additional funds to it this month.
Athens has frustrated its peers in the single currency by implementing only two of the 15 reforms that were a condition of last year’s rescue package. EU officials told German daily Handelsblatt that Greece has delayed privatising state assets, adding to the frustrations of eurozone finance ministers who will discuss progress on Friday.
Further funds are due to be disbursed under the European Stability Mechanism (ESM), which will give Greece up to €86bn (£72bn) of financial assistance by 2018 in return for reforms.
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https://www.theguardian.com/business...impose-reforms