4 ms·

We should kick them, an all other questionable economies, out of the Euro, to tbe frank.

craigsmansion 8y ago
But what problem would that solve? Of course it's easy to say "It's their own fault, let them stew in their misery", but that doesn't enhance stability. The EU isn't about making everybody rich, but it is about preventing poverty to such a degree that people en masse would start to panic vote for the first strongman who promises to fix everything. If your solution is the same as the anti-EU politicians from a country ("We should revert to sovereign currency so we can print our way to wealth") it's likely not the best solution for the long term interest of the bloc.
- AllegedAlec 8y ago
  > Of course it's easy to say "It's their own fault, let them stew in their misery", but that doesn't enhance stability. Neither does having a country have their economy fail every few years.
  - alemhnan 8y ago
    I don't recall Italian economy having failed in recent times.
alecco 8y ago
There can be a middle ground. Keep the basics of a trading block and other small but essential concepts. But let them be adults and manage their debt and currency. Currently their populist government doesn't care about yields because pappa EU will guarantee that debt, like they did with Greece. They even own a good chunk of it!
- AllegedAlec 8y ago
  That's why I said 'euro', not 'EU'.
cedivad 8y ago
Let me guess, you are german. Trading deficit parity when? Or laws you signed don't apply to you?
- AllegedAlec 8y ago
  > Let me guess, you are german Swing and a miss.
  - cedivad 8y ago
    Where then?
    - Theodores 8y ago
      My guess is the Netherlands.
- xn1111 8y ago
  Many Germans would be happy to leave the EU or at least the Euro if the German presence is such a burden to other countries. The Euro benefits the 1%, but not the "common" (i.e. actually working) population.
  - craigsmansion 8y ago
    > benefits the 1% That's an American slogan and approach, and maybe with their policies of wealth distribution, it's a legitimate target. In Europe the resentment against the very rich is usually reserved for those who dodge taxes. > the "common" (i.e. actually working) population. The common, actually working, population usually has pension build up and savings. Try asking those people who formerly had highly volatile currencies how they feel about having those in Euro.
    - fneumann 8y ago
      The beneficiaries of wealth distribution in Germany are unproductive civil servants and stock holders. Government money is being redirected to a) prevent revolts (social security) b) sustain the privileges of the civil servant class c) prop up the stock market and house prices for the wealthy. The Euro facilitates this; giving public funds to country X so that part of it is spent back in Germany (prop up the stock market) is just one gambit of stealing money from the common population. The working population in Germany does NOT have secure pensions in general. Please look up "Altersarmut" (old age poverty). And the D-Mark wasn't volatile...

But what problem would that solve? Of course it's easy to say "It's their own fault, let them stew in their misery", but that doesn't enhance stability. The EU isn't about making everybody rich, but it is about preventing poverty to such a degree that people en masse would start to panic vote for the first strongman who promises to fix everything. If your solution is the same as the anti-EU politicians from a country ("We should revert to sovereign currency so we can print our way to wealth") it's likely not the best solution for the long term interest of the bloc.

AllegedAlec 8y ago
> Of course it's easy to say "It's their own fault, let them stew in their misery", but that doesn't enhance stability. Neither does having a country have their economy fail every few years.
- alemhnan 8y ago
  I don't recall Italian economy having failed in recent times.

alecco 8y ago

There can be a middle ground. Keep the basics of a trading block and other small but essential concepts. But let them be adults and manage their debt and currency. Currently their populist government doesn't care about yields because pappa EU will guarantee that debt, like they did with Greece. They even own a good chunk of it!

AllegedAlec 8y ago
That's why I said 'euro', not 'EU'.

cedivad 8y ago

Let me guess, you are german. Trading deficit parity when? Or laws you signed don't apply to you?

AllegedAlec 8y ago
> Let me guess, you are german Swing and a miss.
- cedivad 8y ago
  Where then?
  - Theodores 8y ago
    My guess is the Netherlands.
xn1111 8y ago
Many Germans would be happy to leave the EU or at least the Euro if the German presence is such a burden to other countries. The Euro benefits the 1%, but not the "common" (i.e. actually working) population.
- craigsmansion 8y ago
  > benefits the 1% That's an American slogan and approach, and maybe with their policies of wealth distribution, it's a legitimate target. In Europe the resentment against the very rich is usually reserved for those who dodge taxes. > the "common" (i.e. actually working) population. The common, actually working, population usually has pension build up and savings. Try asking those people who formerly had highly volatile currencies how they feel about having those in Euro.
  - fneumann 8y ago
    The beneficiaries of wealth distribution in Germany are unproductive civil servants and stock holders. Government money is being redirected to a) prevent revolts (social security) b) sustain the privileges of the civil servant class c) prop up the stock market and house prices for the wealthy. The Euro facilitates this; giving public funds to country X so that part of it is spent back in Germany (prop up the stock market) is just one gambit of stealing money from the common population. The working population in Germany does NOT have secure pensions in general. Please look up "Altersarmut" (old age poverty). And the D-Mark wasn't volatile...