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Germany and other rich EU countries are spending quite a bit of money in helping the poorer members converge (a spectacular success case is Ireland). I think t
by euccastro 19y ago
Germany and other rich EU countries are spending quite a bit of money in helping the poorer members converge (a spectacular success case is Ireland). I think the benefits of that will be seen long term.
- gibsonf1 19y agoThe long term is already here - the results: high unemployment, stagnating innovation, financial crisis in the public sector with unfunded liabilities. Germany is now lengthening retirement age, raising taxes, lowering benefits, etc to try not to go under. And the high unemployment is really a big deal - it is giving rise to a growing rightest (ie neo-nazi) movement in Germany, and I think to Islamic extremists in France, etc.
- ivankirigin 19y agoI guess I'm talking about specific program compliance and not macro-economic effects. I agree with you about the latter.
- euccastro 19y agoThat's the short term.