[flatfilefan]

I just wonder what is the bigger story behind this anyway? I have come across this study that claims that UK has the largest net debt to other EU countries. [1] There is significant amount of debt that is "mutual" within the EU in that it could be "canceled out" (I.e. UK owes Germany, Germany owes Italy, Italy owes UK) So here is the result: http://econ.anthonyjevans.com/2012/08/eu-debt-write-off/writ...

UK €460Bln, Italy €204Bln ... Germany €108Bln, France just €1Bln.

So this clearly shows that UK might indeed profit from the devaluation of pound. Is UK so far on the debt spiral that has to do it? Thus Brexit?

[1] https://www.cobdencentre.org/2011/05/how-much-eu-debt-can-be...

[lurker456]

That's only if UK's debt is in pounds and without provisions for currency fluctuations.