Britain out of the EU will affect the global economy

by **Rocky** Sat 25 Jun 2016, 2:50 am

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Britain out of the EU will affect the global economy

by Rocky Sat 25 Jun 2016, 2:50 am

Britain out of the EU will affect the global economy

6/23/2016 0:00

[rtl] And Kalat- follow - Sabah
said the commissioner for financial services in the European Union that the banks may have to turn its business from London to Frankfurt and Paris if Britain decided to get out of the European Union in a referendum that is being said on Thursday.
He said the European Commissioner Jonathan Hill said in an interview published by thenewspaper «Handelsblatt» Economic German : » I visited London, Manchester and other British financial centers in recent weeks , and warned of the consequences of going out of the European Union.»
said Hill , who was appointed by British Prime Minister David Cameron in the European Commission «may happen that forced banks and investment funds for the transfer of its activities and functions to Frankfurt and Paris.»
For his part , the famous George Soros , businessman warned of «serious consequences» on the work of British and finance opportunities in the case of Britain out of the EU.
Mr Soros said in an article written by the newspaper « the Guardian» British that theBritish pound will «fall sharply» if he wins out camp in a referendum Thursday.
at the same time, former presidents warned of the biggest selling stores retail chains in the United Kingdom that the necessary items such as food and clothing prices will rise if the British out.
but the campaign (voted out) said: the United Kingdom will be more prosperous outside the European Union .
said Matthew Elliott, executive director of the campaign, which accused Soros of trying togrant Brussels more power: «EU costly and bureaucratic and turn a blind eye to the impact that has on the wages of people and rising energy bills.»
achieved Soros fortune when he bet against sterling on Black Wednesday in 1992, when Britain withdrew from the European exchange rate mechanism (ERM), and said Britain out of the European Union will happen biggest disorders.
Soros said in his article that the exit from the European Union will lead to a decline in the sterling value of not less than 15 percent, and possibly more than 20 percent, to less than $ 1.15 compared to the current to its rate of up to $ 1.46.
He added: «sterling value will drop sharply and this will have also immediate and substantial impact on the financial, investment, prices and jobs markets.»
and Abizaid: «I expect that the decline is greater and more destructive than the low value of the currency by 15 percent in September 1992 , when I was fortunate to make a significant profit for hedge fund investors that you convents.
Soros said: «British voters would now lean out of the European Union costs. Many believe that the vote on the exit from the European Union will have no impact on your financial situation, and this just wishful thinking , in fact. » Said Minister of Justice and one of Britain 's exit camp leaders from the European Union, Michael Gove, said Soros , a strong supporter for a long time to deepen integration economic and was wrong in relation to the euro, which Gough believes that it would «anchor of stability» of Europe.he told the BBC: « the fact that forecasters economic situation of the likes of George Soros erred in things in the past, to understand who said it should join the single currency, which brought misery to the continent. » this expected decline in the value of the pound, as well as disruption of the supply chain, will lead to a rise in food, drink and clothing prices, according to the executive heads of the former to the largest supermarkets in the United Kingdom. He returned Soros warns that the British central bank 's ability to deal with the recession or low house prices will be limited, as it uses many of the monetary instruments already to steer the United Kingdom out of the global financial crisis. He added: «out Britain from the European Union , some will make thevery rich - but most voters will become much more poorer.» at the same level poll revealed of the opinion that the large majority of those responsible for the management of companies in Britain and Germany fear Britain out of the European Union. the poll, released German news agency that 782 German and British company managers areafraid of the negative exit is likely to Britain from the Union consequences. The 79 percent of those surveyed expressed their hope to remain in Britain Union, and in Germany the figure was 83 percent compared with 76 percent in Britain. It is expected that the pollsters Britain out of the EU as a union of a politician, and remains a member of the internal market. It is feared corporate managers from the negative effects of thevery event that too, where the predicted 36 percent of those surveyed said that it would negatively impact on their company 's profits, while the predicted 31 percent of them affecting the investment, while the predicted 29 percent of them that this would lead to areduction number of employees. the company carried out the survey «Economist Intelligence Unit» market research commissioned by the «Bertelsmann» Corporation , theGerman poll of 782 active director of the company in the financial field , consumer goods, information technology and production.[/rtl]

[rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=118723[/rtl]

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Established in 2006 as a Community of Reality

Established in 2006 as a Community of Reality

Britain out of the EU will affect the global economy

Britain out of the EU will affect the global economy

Britain out of the EU will affect the global economy

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