Arise, Sir Boris

[Tim_Riggins]

You said this 5 years ago.

[anon7035031]

Tell that to the 30-40% of young people who are unemployed.

The unemployment rate in Spain before they joined the EU was 5%, it’s 15% now. GDP is lower in southern Europe now than before the 2008 crisis. The only solution after 2008 was a massive investment program to boost productivity, instead they got German imposed austerity.

The Germans didn’t give a fuck as long as their exports were rising, driven by China. That strategy is beginning to bite them in the ass as China growth slows.

[anon7035031]

I only started posting here four years ago.

[Tim_Riggins]

The Greeks fiddled the books and were structurally inept.

The Eurozone deserves criticism for allowing them in- a political mistake at the time. However, radical changes were required in the Greek economy.

Discussing a fiscal stimulus is all very well, but the claims that Southern Europe bear no blame for their issues is a nonsense. Similar with Ireland.

[Tim_Riggins]

Why do people keep comparing the Eurozone to the EU.

The UK had a sweet relationship. They didn’t want the currency, that’s fine.

This utter shit on the EU collapsing is risible. The Eurozone could. But the EU is simply an advancement of globalization, which won’t stop.

[Tim_Riggins]

Brexit, Byegium, Czechout, Departugal, Dexit, Grexit, Italeave, Latervia, Nexit, Oustria, Slovakout, Spexit, Swexit, and Finish

The EU needs the UK far more than the UK needs the EU. There will be lots of bluster and bullshit from Brussels, but they know the game is up. Greece hasn’t a notion of making its debt payments this summer, and there will be no UK contribution to future bailouts. The EU is finished, this will start a steady stream of countries leaving, Sweden, Netherlands, Denmark, Hungary and ultimately France. The countries who will stay with the Germans are the ones who need ongoing bailouts like Spain, Italy…

Great prediction.

[anon7035031]

Globalization is dead.

[anon7035031]

“When the facts change, I change my mind. What do you do, Sir?”

The EU will not survive without massive restructuring.

[Tim_Riggins]

Bullshit.

Globalization will continue as it is human nature. Countries putting up trade barriers is temporary.

Yes there may well be a violent reaction at some point, but we are continuing on the same road we have been going on for centuries. I have no issue with countries reasserting themselves in that shift, backwards and forwards steps, but it’s going somewhere.

[Tim_Riggins]

I’m tired of reading Zero Hedge readers putting out this apocalyptic nonsense, which they have been for years.

Zero clue on the difference between the EU and the Eurozone. Look at what the UK actually negotiated with the EU. Strip out the bollix on the backstop and future payments. They need to stay as close to the Single Market and Customs Union as possible. Brexit is a grand experiment in delusion, not because of people said they could leave these things. But because people like yourself in that post said the EU would fold and the UK would get whatever they wanted. What they wanted was the cream that the EU offers and it ultimately doesn’t come free. The Brexiteers have gone from claiming they would get what they want to invoking the Blitz spirit and saying it won’t be that bad. I can at least give some credit to a Brexiteer economist like Patrick Minford. He admits that the world is going global and that Brexit is to him a speeding up of the process of the UK flushing out uncompetitive industries, like car production. However that was not the tale people were told.

[Bisto]

Brits in or out of EU won’t matter a fcuk, we’ll all be eating nothing but rice when the belt and road initiative fully takes hold …

[Tank]

I’ll tell you what else pal, What’s The story Morning Glory is much better than Definitely Maybe and Favourite Worst Nightmare is much better than The Arctic Monkeys debut.

[TheBlackSpot]

@Tassotti

You can’t integrate all those Southern European basket case economies

& eastern european economies. The EU expanded too far, too quickly and trying to support too many backward economies during the last 10 years seems to be proving too much.

[Tim_Riggins]

Estonia, Poland etc?

[Tassotti]

those eastern european hellholes always look towards russia, they are not proper europeans and should never have been allowed in, full of racists and homophobes

[TheBlackSpot]

Well I was reading somewhere that the Polish economy is exceeding all expectations. Don’t know anything about Estonia. The German economy is struggling a bit which is fairly worrying for the EU as they’re the real engine. How much of a drag would the unification of Germany have been over the last 20 odd years?

[TheBlackSpot]

That’s the Brexit party I think.

[Tim_Riggins]

So you were reading somewhere but are absolutely sure that they’re a failure of the EU?

German reunification is nearly 30 years ago now, not the 2004 expansion.

[TheBlackSpot]

@Tim_Riggins

but are absolutely sure that they’re a failure of the EU?

Jeez, where did I say that?

[Sidney]

@anon7035031

Globalization is dead.

If you’d said Dublin success in the All-Ireland football championship is dead, that would have been more credible