RE: share price2 May 2017 03:34
.. regarding the UK.. the £ is on fast recovery.. i dont see a recession here.. i am now more worried with the. €. than the £.. the UK provided the banking stability for the €.. now the brexit has changed the EU .. i see two problems for the EU.. 1). the EU expanded too fast.. the east block countries absorb capital.. and social programs.. they simply do not produce.. add greece to the list.. add countries like spain with unbalanced budgets and 20% unemployment.. add the economic slowdown of france .. and you have a huge economic problem .. the UK is small compared to other EU countries but has kept its own currency.. the UK is a banking power.. it can weather these changes much faster .. 2) . the politics - UK has more stability than other countries of the EU.. the political instability of the EU has been front page news.. greece.. france .. spain without a govt for over 9 months ... 3 elections.. the basque and catalan independence problem.. the rest of the EU with the immigration problems causing social and political friction.. the virtual non support by the east block countries to these new problems.. german elections soon.. i see a bumby ride ahead for the UK .. but nothing beyond what the can handle.. i am more concerned about the EU longer time ( 5 years +)