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The lack of energy and weaker currency are such significant detriments that it's probably not safe to say it's in the same economic position to begin with. Ver
by spywaregorilla 4y ago
The lack of energy and weaker currency are such significant detriments that it's probably not safe to say it's in the same economic position to begin with.
Very dangerous for europe, but still noteworthy. Countries like China and Russia are in similarly uncomfortable positions and they're LOWERING their interest rates to try and stay afloat.
- LatteLazy 4y agoI think the US has an advantage over the UK because they just get on with it. Energy prices are high? Better explore and find more energy. I think the EU has an advantage over the UK because they plan and regulate. Energy prices too high? Get more nuclear back online, ban public aircon, ask the LHC to close a month earlier than usual. The UK just can't bring itself to do anything, so it throws money at problems. Then the problems get worse. Then it wonders why it has huge debt AND big problems...
- spywaregorilla 4y agoThe US has plenty of energy. We're an energy exporter.