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The UK is in a very, very bad situation. Just look at the crisis management being done at the Bank of England compared to the ECB. Inflation affects the whole o
by kergonath 4y ago
The UK is in a very, very bad situation. Just look at the crisis management being done at the Bank of England compared to the ECB. Inflation affects the whole of Europe, yes, but other countries do not have anything like the cost of living crisis in the UK. And the recession is also much worse in the UK in general (some specific EU countries fare better or worse on some specific aspects, of course). None of these countries are talking about austerity right now.
- chrisco255 4y agoI would reserve judgment for a couple of years. I would not bet on the EU as faring any better in the long run.
- kergonath 4y agoI hope so, and I don’t wish any harm to my British friends (well, I hope everyone will be ok, I certainly don’t wish any harm to my fellow Europeans on the continent either). But there are many reasons why the EU could fare better over the long term. More people (and a bigger unified internal market), more land (and natural resources), more industry, for a start. The thing with the UK is that a lot of that is self inflicted and mind bogglingly stupid. Why are the conservatives still in power? The whole political system is holding the country back.
- d1sxeyes 4y agoThe interest rate in Hungary is 13%.