> Hard to tell. We could devaluate. That would help with both the debt situation and our exports. The UK is not doing that bad at all.
1. It is widely recognised, and irritates the poorer countries, that Germany and France benefit from the relatively weak Euro for their exports.
2. If you left the EU and obviously the Euro and devalued your currency, you end up with wild inflation. If there is anything a population hates, it is high inflation. Given your political situation in France currently, no government would last a year in that scenario.
3. Devaluing obviously causes bond rates to rocket, which means rolling over your current debt because extremely serious.
4. On top of that, mortgage rates rocket, people hate that too.
There is a reason countries don't just print money and devalue all the time. If it was that easy, everyone would do it.
1. It is widely recognised, and irritates the poorer countries, that Germany and France benefit from the relatively weak Euro for their exports.
2. If you left the EU and obviously the Euro and devalued your currency, you end up with wild inflation. If there is anything a population hates, it is high inflation. Given your political situation in France currently, no government would last a year in that scenario.
3. Devaluing obviously causes bond rates to rocket, which means rolling over your current debt because extremely serious.
4. On top of that, mortgage rates rocket, people hate that too.
There is a reason countries don't just print money and devalue all the time. If it was that easy, everyone would do it.