There is an excellent opinion piece in the Times todayAgree, and a good point about the 27 states having a veto. Ultimately, I think the whole thing comes down to the big-funder Germany on the EU side, and how badly it sees its industry being affected by with-tariff trade with the UK. Of course, there could be Hungarian-type rebellion from the Eastern States to a Germany-influenced compromise, but if the whole EU project isn't to fail, these objections will be overcome.
The negotiations will presumably last the two years, so we don't know what the German government will look like by the end. If Merkel goes, it will probably be further to the right. Will such a government be more likely to protect its industry so as not to lose ground on an important export market? Perhaps.
http://www.thetimes.co.uk/article/w...6?shareToken=85ceb00ca8607c113615e6e95eed69de
There is another very good one on the impact of inflation on people with fixed income, written by an economist and including the line 'macroeconomics is about as useful in predicting things as astrology'. I never knew that in the 50 years running up to WW1 we had essentially zero inflation. And that 4% inflation halves the value of cash every 18 years.
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where's the money going to come from? Get real.