Sussex Nomad
Well-known member
This is quite silly really. Recession fears were being driven by an on-going trade war between the US/China which have now eased off. Let us not forget Italy have been 'folding' for 4 years now and still haven't. So I think Germany will be fine. Contrary to belief, it wouldn't have affected the UK anyway as we are not required to be part of any financial rescue packages as per the treaties.
Also, Brexit is having an effect on Germany as well as ourselves, how could it not? Let's not forget that we have just had a contraction ourselves.
In terms of Billions lost in membership fees, Germany are net contributors themselves. The only countries which stand to lose out are net beneficiaries of the Bloc, unless the EU can enforce higher fees for the remaining members.So I am not really clear why Germany would ever need to replace £Bns.
Brexit or No Brexit, I do not expect money to stop moving between the UK/EU and trade will continue, with money flowing from the UK into the EU. So I am not particularly sure why anybody would think the EU automatically become at further risk after Brexit. Unless we switch suppliers of certain products to none EU countries.
I didn't ask the question, I just answered it.