Is the end nigh for the Euro? [vol. 3]
Discussion
Mrr T said:
While irregular immigration is a major political issue in Germany FOML is not. Indeed, from what I see only 2 countries have an issue with FOML, the UK and Switzerland.
How do we know this?Immigration is immigration. To (most of) the people in the nation state it doesn't really matter where it's coming from. If it isn't controlled, it isn't optimal.
Yes, there will inevitably be a minority (I would suggest a very small minority) who are bothered about skin colour. But we all need to wake up to the idea that this is indeed a minority and the challenges with unfettered immigration are not motivated by racism. If Germany stopped "irregular immigration" tomorrow, I would bet you a significant amount of money that the immigration noise would not go away.
No other countries allow this (perhaps save for Aus/NZ). I'm far from convinced that a few senior people in the EU know better than the world's other nations.
When the union was a smallish number of relatively equal economies there was never an issue. It's obvious why. The expansionism of the last 25yrs with bugger all thought to knock on implications was the start of the issues on this topic IMO.
All that said, I don't see the current political situation in Germany causing imminent doom to the Euro. The people in power are far, far too good at kicking the can down the road and so I don't see this happening. But Merkel needs to pull her socks up. Another election would not be good for her.
The major issues will happen once the German electorate realise how much debt they are holding from other member states that will never get paid back.
superlightr said:
Mrr T said:
Digga said:
It would seem the essential struggle to form a coalition in Germany is being fought on the very same lines, regarding immigration and free movement, as one of the crucial triggers of Brexit.
The EU can, at their elevated level, deny there was any need to enable or allow compromise on this issue, but it is blindingly clear that at national level, democracy is having its say and will not be bullied.
Given the immediacy of the German political problem, and the principal cause, I'd agree it could be extremely interesting both for Brexit and the EU in general.
While irregular immigration is a major political issue in Germany FOML is not. Indeed, from what I see only 2 countries have an issue with FOML, the UK and Switzerland.The EU can, at their elevated level, deny there was any need to enable or allow compromise on this issue, but it is blindingly clear that at national level, democracy is having its say and will not be bullied.
Given the immediacy of the German political problem, and the principal cause, I'd agree it could be extremely interesting both for Brexit and the EU in general.
Hungary does have a problem with Germany trying to dump it with irregular immigrants. They lost at the ECJ but, I would expect, if Germany try to move immigrants to Hungary the immigrants will appeal in Germany and win.
Edited by Mrr T on Monday 20th November 11:22
Back down today, also check out the euronia fixing.
It seems it was nothing more than a month end funding, expect more of this over the turn!
To add... allegedly, Nat bank of Greece had excess funds and lent them to institutions through Eonia market, as Greek rates are higher than other "prime" Europeans, this pushed the rate fixing higher.
It seems it was nothing more than a month end funding, expect more of this over the turn!
To add... allegedly, Nat bank of Greece had excess funds and lent them to institutions through Eonia market, as Greek rates are higher than other "prime" Europeans, this pushed the rate fixing higher.
Edited by clubsport on Friday 1st December 21:28
citizensm1th said:
amgmcqueen said:
When is Germany going to start paying for WW2...?
Reparations started in 1945 the debate is have they finished yet.https://www.theguardian.com/commentisfree/2015/feb...
http://www.bbc.co.uk/news/world-europe-31849430
Edited by Digga on Wednesday 10th January 08:07
He's back... https://www.theguardian.com/world/2018/mar/26/gree...
Does he have enough popularity to have a decent chance at running things?
Does he have enough popularity to have a decent chance at running things?
Escapegoat said:
He's back... https://www.theguardian.com/world/2018/mar/26/gree...
Does he have enough popularity to have a decent chance at running things?
Not IMO. Especially not within the ruling powers in the EU, which is what matters where Greece is concerned.Does he have enough popularity to have a decent chance at running things?
I'm also not convinced he has answers that are workable.
Escapegoat said:
He's back... https://www.theguardian.com/world/2018/mar/26/gree...
Does he have enough popularity to have a decent chance at running things?
This man is a massive cockwomble. He has gone the way of many who get praise without scrutiny of the bDoes he have enough popularity to have a decent chance at running things?
ks he talks.Just what Europe needs, another gobby Marxist .
I would be a bit fairer than that. I read his book. Its pretty clear I feel that for such a clever man his ability to understand a situation, the people involved and make clear assessments of them is sadly lacking. When you read his book you know how its going to end after the first couple of chapters. The rest of the book his 'chorus'. He talks a lot about Greek tragedy but his own story captured in his book a perfectly formed Greek tragedy all of its own. Did he understand this point when he wrote the book, he must have done surely.
Slide 4 here:
https://www.slideshare.net/Lecturer-Maha/structure...
Sadly far too much of what he says is about him much more than any great insight into the workings of the world.
Slide 4 here:
https://www.slideshare.net/Lecturer-Maha/structure...
Sadly far too much of what he says is about him much more than any great insight into the workings of the world.
Is Mutti too weak to avoid the path of Eurozone progress?
She's coming around to Macron's position on having a proper EZ bailout fund, it seems: https://www.telegraph.co.uk/business/2018/04/18/an...
She's coming around to Macron's position on having a proper EZ bailout fund, it seems: https://www.telegraph.co.uk/business/2018/04/18/an...
Escapegoat said:
Is Mutti too weak to avoid the path of Eurozone progress?
She's coming around to Macron's position on having a proper EZ bailout fund, it seems: https://www.telegraph.co.uk/business/2018/04/18/an...
Great photo choice in that piece She's coming around to Macron's position on having a proper EZ bailout fund, it seems: https://www.telegraph.co.uk/business/2018/04/18/an...
Blah... Macron in I am a federalist shocker.
Surprised Merkel is joining in the stupidity having resisted for so long.
The little states won’t go for it. I can’t see them every agreeing to socialize it. Germany benefitted the most, but there is no chance they will agree to take a the right slice of the debt.
I could see it working in the future, on an agreed buy in basis. But I am not sure I can see the current national debts across the EU being socialized any time soon.
Surprised Merkel is joining in the stupidity having resisted for so long.
The little states won’t go for it. I can’t see them every agreeing to socialize it. Germany benefitted the most, but there is no chance they will agree to take a the right slice of the debt.
I could see it working in the future, on an agreed buy in basis. But I am not sure I can see the current national debts across the EU being socialized any time soon.
Thought they had junked the idea of a return to the Lira.
However asking for 250bn in bond cancellation is a good start if you want to upset the rest of Europe.
Suspect they will fall apart under pressure from the EU and Italy will be back to elections within a year, as seems to be the way in Italy.
Will be interesting to see if they can get any traction
Gargamel said:
Thought they had junked the idea of a return to the Lira.
However asking for 250bn in bond cancellation is a good start if you want to upset the rest of Europe.
Suspect they will fall apart under pressure from the EU and Italy will be back to elections within a year, as seems to be the way in Italy.
Will be interesting to see if they can get any traction
so if Italy go back to the Lira - does that wipe out their euro debts? However asking for 250bn in bond cancellation is a good start if you want to upset the rest of Europe.
Suspect they will fall apart under pressure from the EU and Italy will be back to elections within a year, as seems to be the way in Italy.
Will be interesting to see if they can get any traction
can they print up x million lire and pay off the euro debt with it?
will they have rampant inflation again if they did that?
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