It's temporary, and we'll be able to curtail any new laws our ends. The deal is shit, but that's what you get when you have nothing to offer the other negotiater.Under the transition arrangement the UK follows every single EU law without being a member and without having any say on those laws until the end of 2020. That transition period can be extended until 31 December 20XX. The EU have spoken about December 31 2022 for that date, i.e. after the next UK election, so it may well be that a pro-European party gets elected and opts to apply to rejoin or extend the transition indefinitely.<img src="http://i.imgur.com/34ojsSm.gif" border="0" alt="" title="Confused" class="inlineimg" />
Under the backstop some of those rules will apply until the EU says otherwise. Some of those laws may even apply to one part of the UK permanently.
"Temporary" until the EU agrees to let the UK leave.It's temporary, and we'll be able to curtail any new laws our ends. The deal is shit, but that's what you get when you have nothing to offer the other negotiater.
@Utero :HA.You can choose not to follow EU laws by not trading with them directly. :shrug
Kick NI out of the UK and half the issues are addressed. :troll
:bosqueStrong and stable, remember that?
More Turmoil with Italy, this time over their budgetary proceedings.The European Union announced it will look to sanction Italy with a fine after the country refused to submit a budget proposal that squares with its rules.
Italy's populist and partly right-wing coalition wants to increase the country's deficit to 2.4 percent of annual economic output in 2019, as it looks to make good on pre-election spending pledges. A previous Italian government had submitted a 2019 budget which would have recorded a deficit of just 0.8 percent.
In a statement, the European Commission — the EU's executive arm — said: "With regret, that today we confirm our assessment that Italy's draft budget plan is in particularly serious non-compliance with the Council recommendation of 13 July."
The Commission said that as Italy's spending for 2019 didn't comply, commissioners would now open a "debt-based Excessive Deficit Procedure (EDP)." The European Union member states now have two weeks to decide if they agree that an EDP against Italy is warranted. If so, the Commission will prepare a document that asks Italy how it will remedy its budget plan to abide with the EU rules. Should Rome ignore that, then officials in Brussels could sanction Italy with fines.
Speaking to CNBC's Silvia Amaro on Wednesday, Vice President of the European Commission, Valdis Dombrovskis, said it was the EU's position that Italy's budget plan would risk more austerity for Italians in the future.
"Instead of that fiscal stimulus that the government is hoping for, (we expect) there is a further slowdown of the economy," he said, before adding he was open to more discussions with Rome but the Italian government now needed to take action.
"You cannot cure high levels of debt with more debt, it is a vulnerability that needs to be addressed," he said.
What's an 'Excessive Deficit Procedure'?
Although it has the power to sanction governments whose budgets don't comply with the EU's fiscal rules, the European Commission has stopped short of issuing fines to other member states before. The rules states that deficits should not exceed 3 percent of a country's gross domestic product (GDP) and public debt must not exceed 60 percent of GDP — a far cry for many European countries.
Although Italy's draft budget envisages a deficit within the 3 percent limit, increasing the deficit from a previously lower target has angered the Commission because European member states are meant to work toward adhering to the rules, not deviating from them.
Now, the European Commission will recommend to EU finance ministers that an "Excessive Deficit Procedure" (EDP) is launched against Italy. Basically, "the EDP requires the country in question to provide a plan of the corrective action and policies it will follow, as well as deadlines for their achievement," the European Commission states, adding: "Euro area countries that do not follow up on the recommendations may be fined."
Italy's Deputy Prime Minister Matteo Salvini said earlier Wednesday that the 2.4 percent deficit target was not negotiable, but other aspects of the proposal could be discussed.
Italy's public debt pile is 131 percent of its GDP, and at 2.3 trillion euros ($2.6 trillion) is the second largest in the euro zone.
Following the announcement in Brussels, stocks listed on Italian markets held onto their morning gains while yields on 10-year Italian debt dipped to near session lows. Yield on bonds move inversely to prices.
Not true at all, especially in areas like mine. Once again, just ignorance shown by English towards NI, but that's pretty common. It was hilarious when folk were finding out about NI and the DUP after the last election lol. But onto the point...Just fuck Northern Ireland off. Problems solved. Half of them don't give a rat's arse about the United Kingdom anyways.
Why does Northern Ireland want to be in the UK if the rest of the UK doesn't want it?Not true at all, especially in areas like mine. Once again, just ignorance shown by English towards NI, but that's pretty common. It was hilarious when folk were finding out about NI and the DUP after the last election lol. But onto the point...
If Northern Ireland left the United Kingdom, I'd seriously worry. The return of 'The Troubles' would surely occur. Especially in rundown UDA-ran shiteholes like here, were problems with Catholics are sadly daily. Without a government here too (it's a joke) at the moment due to the DUP fuck ups and them/Sinn Fein refusing to make a deal with the other, we need the United Kingdom.
I very much doubt Ireland could afford six more counties at the moment too. I'm not against the idea of a united Ireland (I don't believe it'll happen in my lifetime though), but there's more cons than pros right now. For folk stating for Northern Ireland to 'fuck off' just shows how little folk still know about here, especially towards the northern part of the country. If you came here, you'd be in for a shock.
It doesn't matter if they don't want Northern Ireland to suit their own agenda. Northern Ireland NEEDS the United Kingdom right now. Irish nationalists (even Catholics - before anyone calls me a Protestant twat or whatever, I'm agnostic - religion has pretty much destroyed Northern Ireland and continues to control it) will obviously disagree with that, but it's just how it is. I doubt Ireland could afford us, as I've said, but the results would be disastrous. Troubles returning, more terrorism, more uncertainty, etc. I dread to think what'd occur - especially in shitehole areas like where I live.Why does Northern Ireland want to be in the UK if the rest of the UK doesn't want it?