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> financial systems (especially in EU) which have never been reformed after 2008 https://ec.europa.eu/info/business-economy-euro/banking-and-finance/financial-

• DyslexicAtheist 7y ago
  Last year The Economist had a good article on that[1]. The EU looks very different depending on whether you look South or North. None of the Northern counties are in good shape right now (Germany, France) and its suppliers of labor from the South who are on the brink since years aren't going to weather this IMO. German and French voters sure won't be happy to bail them out when things become hard. [1] https://www.economist.com/briefing/2019/01/05/the-euro-enters-its-third-decade-in-need-of-reform https://www.economist.com/briefing/2019/01/05/the-euro-enter... > Southern discomfort At the same time, southerners feel they are bearing all the pain of recovery. The politics of monetary union is more febrile as a result. After eight years of eye-watering austerity, Greek GDP per person is still far below its level in 2007 in real terms (see chart 3). In 2015 Syriza, a left-wing party, came to power promising to end austerity, before spectacularly reversing course when it became clear that Greece needed a third bail-out.
  • v4dok 7y ago
    Why is he getting downvoted? That's a very real dichotomy that imo will be the reason of EU split if there is going to be one