Italy officially in recession. Germany teetering.

Jun 4, 2013
5,228
2,018
Things not looking good there right now.

Since the inception of the Euro currency Italy's GDP has grown just 9%.

And the UK? 44%.

This thread has no Brexit agenda btw if anyone's wondering. So no need to bring that into this topic.

I'm am saying the euro doesn't suit some countries economic models though.

And Germany is dangerously close to recession (and I actually think it is but the figures are fudged)

And I'm also saying the crash was 10 years ago and things still aren't any better. When will this end? How will it end? We literally have no light at the end of the tunnel here. Things aren't even stabilising but deteriorating like a house that's not maintained and slowly falls apart.
 
Reactions: Clarence Worley

Dazl1212

Ripley, strong independent woman who don't no man
May 16, 2013
18,894
5,374
UK
I saw someone saying that it would be great if the UK had to join the EU and Schengen to stay in the EU.

He was a Brit as well... What a stupid cunt.
 
Reactions: Clarence Worley

mandela

CHB Führer
May 16, 2013
21,289
9,336
Scotland
Who's to say if Italy didn't join the Euro they'd have went bankrupt a decade ago?

There always seems to be a desperation to attribute any negativity to the Euro when, in reality, there's literally fuck all linking the 2 things.

If the so called UK joined the Euro their economy may have grown 700%.

Who's to know?

This all seems a bit desperate to me, man.
 

rjjfan

The Greatest
May 17, 2013
10,604
3,642
Can't really compare Italy to the UK. Italy has a massive corruption problem and their main economy is being controlled by the mafia.
 
Nov 19, 2018
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Who's to say if Italy didn't join the Euro they'd have went bankrupt a decade ago?

There always seems to be a desperation to attribute any negativity to the Euro when, in reality, there's literally fuck all linking the 2 things.

If the so called UK joined the Euro their economy may have grown 700%.

Who's to know?

This all seems a bit desperate to me, man.
Fuck all? Except its effects, see italy, spain, greece etc

Yes it is very desperate to create a currency union with no plan of it working just one of making it irreversible

quite obviously you know youre talking bollocks but if it harms the UK you are happy.
 

mandela

CHB Führer
May 16, 2013
21,289
9,336
Scotland
Fuck all? Except its effects, see italy, spain, greece etc
And who's to say those countries wouldn't be worse off without the support of the EU and Euro?

Yes it is very desperate to create a currency union with no plan of it working just one of making it irreversible
Yes, Clarence. That sounds right, doesn't it? A union created, and evolved, largely to serve the financial interests of a few (something you yourself complain about) created a currency union with no plan. That sounds reasonable.

You fuckin' idiot.

if it harms the UK you are happy.
That's the only thing I've ever read from you that is actually correct.

Well done.
 
Reactions: Yolo Swaggins
Nov 19, 2018
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And who's to say those countries wouldn't be worse off without the support of the EU and Euro?


Yes, Clarence. That sounds right, doesn't it? A union created, and evolved, largely to serve the financial interests of a few (something you yourself complain about) created a currency union with no plan. That sounds reasonable.

You fuckin' idiot.


That's the only thing I've ever read from you that is actually correct.

Well done.
Anyone who understands how an economy reacts to recession?

Perhaps I overstated, no beneficial plan to everyone other than Germany. I stand corrected.
 
Nov 19, 2018
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anyone who actually went to italy in its prime would remember the vast feeling of wealth when you changed your cash............
 
Nov 19, 2018
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The European Union is structured to produce the very results that we are seeing today — the erosion of popular sovereignty, the massive transfer of wealth from the middle and lower classes to the upper classes, the weakening of labor, and more generally the rollback of the democratic and socioeconomic gains that had previously been achieved by the subordinate classes.
 
Jun 5, 2012
18,264
5,743
Swindon
Who's to say if Italy didn't join the Euro they'd have went bankrupt a decade ago?

There always seems to be a desperation to attribute any negativity to the Euro when, in reality, there's literally fuck all linking the 2 things.

If the so called UK joined the Euro their economy may have grown 700%.

Who's to know?

This all seems a bit desperate to me, man.
Tbf this argument can be applied to absolutely anything
 
Reactions: Dazl1212
Jun 5, 2012
18,264
5,743
Swindon
Not really.

Just the things where causation and correlation aren't known.
But there is a lot of correlation with the negative aspects of the euro within italian economy and you're saying it might have been the same in a hypothetical alternate economy which obviously can't be proven or disproven. Who's to say the causation and correlation wouldn't be there in the alternate past and it may have been even worse. Who's to say.
 

mandela

CHB Führer
May 16, 2013
21,289
9,336
Scotland
But there is a lot of correlation with the negative aspects of the euro within italian economy and you're saying it might have been the same in a hypothetical alternate economy which obviously can't be proven or disproven. Who's to say the causation and correlation wouldn't be there in the alternate past and it may have been even worse. Who's to say.
No one.

Which is exactly my point.

You never hear anyone categorically state that the issues that are being seen are not a direct result from the Euro. Yet you see plenty of people, with the same (lack of) information categorically stating that it is a direct result.

It's ridiculous, ill informed, agenda driven nonsense.