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Ireland, Holland, Belgium, Germany etc. are quite dependent on trade with the UK, mostly running up big trade surpluses. European businesses are also quite dependent on the City for financial services.  All of these dependencies can be reduced with time, but the initial disruption could be considerable. Nothing on the scale f the disruption to the UK however.  "Fog in the Channel, Continent cut off" comes to mind...

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Tue Oct 17th, 2017 at 04:49:45 PM EST
[ Parent ]
In the short run the EU economy will take on nose.  How badly depends on economic policy.  The EU economy needs a dose of Keynesian Stimulus and Brexit is the perfect excuse?

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Tue Oct 17th, 2017 at 09:37:18 PM EST
[ Parent ]
The EU economy has being growing at quite a health rate recently (by it's own low standards) and can afford to take something of a Brexit hit if need be.

The UK less so...


Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Tue Oct 17th, 2017 at 10:04:08 PM EST
[ Parent ]
the directly comparable annual growth rate is as follows:


Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Tue Oct 17th, 2017 at 10:07:52 PM EST
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