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Do you think that the EU will die from the problems in greece?
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username2124911
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I think it will due to the unsustainability of the Euro and the financial crisis in Greece as well as problems in Italy.
According to both the telegraph and independent, the crisis will spell the end of the EU due to tensions in donating even more money to Greece due to all eu states sending money to help a country in crisis
I am kind of glad that we voted out now due to the Crisis. I was a remainer before but if we keep pouring in money like this, we would make the issues even worse
Your thoughts?
Sources:
http://www.telegraph.co.uk/business/...xplosive-path/
http://www.independent.co.uk/news/bu...-a7568266.html
According to both the telegraph and independent, the crisis will spell the end of the EU due to tensions in donating even more money to Greece due to all eu states sending money to help a country in crisis
I am kind of glad that we voted out now due to the Crisis. I was a remainer before but if we keep pouring in money like this, we would make the issues even worse
Your thoughts?
Sources:
http://www.telegraph.co.uk/business/...xplosive-path/
http://www.independent.co.uk/news/bu...-a7568266.html
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lukeforest1997
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When the EU finally collapses it'll be down to the folly of the people who founded it and have continued pushing the 'European Project', Greece/Italy will just be a symptom of having a single central bank regulating a currency used by vastly different economies with dramatically different needs...
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mojojojo101
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The Greek crisis owes much more to failed neo-liberal economics, which institutions like the IMF and World Bank refuse to accept any alternative to than the actions of the EU specifically.
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Rakas21
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No. People have been predicting its death for years and it's no closer although it may lose a member or two.
Of the couple of states which developed a crisis, Ireland and Spain are largely recovered, Portugal and Italy are relatively fine (albeit Italy still has bank debt as a problem). The Greek problem is that the interest payments on their debt are huge because of how much they had to borrow (Italy is an even more stark example, without debt interest it actually has a primary surplus).
The EU will kick the Greek can down the road into 2018 to avoid the elections at which time they will bail them out. In terms of elections the only real threat of EU exit comes from the Netherlands (Le Pen looks like she will lose) although in Hungary and Austria parties who want out of the Euro (but to stay in the EU) lead the polls.
Of the couple of states which developed a crisis, Ireland and Spain are largely recovered, Portugal and Italy are relatively fine (albeit Italy still has bank debt as a problem). The Greek problem is that the interest payments on their debt are huge because of how much they had to borrow (Italy is an even more stark example, without debt interest it actually has a primary surplus).
The EU will kick the Greek can down the road into 2018 to avoid the elections at which time they will bail them out. In terms of elections the only real threat of EU exit comes from the Netherlands (Le Pen looks like she will lose) although in Hungary and Austria parties who want out of the Euro (but to stay in the EU) lead the polls.
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uberteknik
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No. The EU is in crisis but it's not simply a case of economics at stake.
The security and defence of the member EU nations, preservation of liberal democracies and the drive to contain the rise of far-right fascism will be of paramount importance.
There are many tactical manoeuvres to play in the long term strategic game.
The security and defence of the member EU nations, preservation of liberal democracies and the drive to contain the rise of far-right fascism will be of paramount importance.
There are many tactical manoeuvres to play in the long term strategic game.
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paul514
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(Original post by asim1999)
I think it will due to the unsustainability of the Euro and the financial crisis in Greece as well as problems in Italy.
According to both the telegraph and independent, the crisis will spell the end of the EU due to tensions in donating even more money to Greece due to all eu states sending money to help a country in crisis
I am kind of glad that we voted out now due to the Crisis. I was a remainer before but if we keep pouring in money like this, we would make the issues even worse
Your thoughts?
Sources:
http://www.telegraph.co.uk/business/...xplosive-path/
http://www.independent.co.uk/news/bu...-a7568266.html
I think it will due to the unsustainability of the Euro and the financial crisis in Greece as well as problems in Italy.
According to both the telegraph and independent, the crisis will spell the end of the EU due to tensions in donating even more money to Greece due to all eu states sending money to help a country in crisis
I am kind of glad that we voted out now due to the Crisis. I was a remainer before but if we keep pouring in money like this, we would make the issues even worse
Your thoughts?
Sources:
http://www.telegraph.co.uk/business/...xplosive-path/
http://www.independent.co.uk/news/bu...-a7568266.html
It's way more complicated than that.
There is problems for the eu from the euro, brexit, populism, nationalism, migration from Africa and the middle east and of course debt levels.
It's the mix that is doing so much damage.
The only way to make Europe thrive again is the ditch the euro let the indebted nations devalue their currencies to the appropriate levels for growth.
Debt forgiveness from their creditors to some extent.
And change the eu back to the eec.
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