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Please note I mentioned an example that wasn't the response in 2009-2010 to the crisis, but what happened before causing part of the crisis. Easy influx of mone
by BSousa 15y ago
Please note I mentioned an example that wasn't the response in 2009-2010 to the crisis, but what happened before causing part of the crisis. Easy influx of money, both in interest rates by joining the Euro (more borrowing but not fault or EU per se) and influx of money from EU to close specific industries and/or production of goods (Agriculture for example) was a problem. Also, at least in Portugal, during this crisis there were incentives to buy new cars that were influenced by EU. This benefited some countries but countries that do not have an auto industry were screwed. Also for example, there were added taxes from pakistan on textile products. When the floods hit, EU wanted to lift those taxes as a whole, hurting a lot of countries that have a good amount of people employed in those industries.
These are the examples I mention with interfering. A central parliament where the members are payed an enormous amount of money to be there (yes, I also have a problem with the money and benefits they get there), deciding for the whole EU where individual countries get shafted because some countries (UK, Germany, France and Italy together get more than 50% of votes) can get a majority easily and can look after their own interests.