Comments by "jdg" (@jdg9999) on "VICE News"
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@nonegiven2830 So what? If the other party negotiation believes you're willing to go that far it gives you leverage, while if they believe you will take any deal offered they will give you exactly what they want and that's it. This is a well known fact in international relations, the classic example of which is the "Cod Wars" between the UK and Iceland, which Iceland won despite being VASTLY smaller than the UK, because they were willing to do almost anything to achieve victory (a far greater imbalance than there is between the UK and EU.)
And your characterisation of the difference is inaccurate anyway, since the Eurozone is in a far more precarious economic position than the UK at the moment, so a hit to their economy could push them into a continent wide recession, similar to the way that Greece or Ireland were far more affected by a financial crisis caused by America than America was itself. The UK on the other hand might take an initial harder hit, but as a smaller independent nation it could take much faster action to adapt than the EU could.
A lot of people also seem to think that when people say "the EU is 50% of our trade" that means it's 50% of our economy. It's 50% of our INTERNATIONAL trade, but 90% of the economy is domestic, so it's really 50% of 10%, i.e. 5%, and even the worst case outcomes of Brexit don't show trade with Europe collapsing by more than 50%, so it's less than 2.5% of our economy being threatened. Nowhere near the hysterical metaphors people use.
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