The EU.

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Scot Dutchy
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The EU.

Post by Scot Dutchy » Tue Jul 21, 2020 6:36 am

The EU once again has proven its strength. After four days of negotiations they get agreement and thank fuck the UK was not there. Even the Guardian cant get its head around it. It is all about compromise. A word not in the UK's vocabulary. The budget and Covib fund has been agreed upon for the 28 countries.
Here is the Guardian report still very much from a UK viewpoint.

EU leaders seal deal on spending and €750bn Covid-19 recovery plans
European council president Charles Michel hails ‘pivotal moment’ as heads of state finally thrash out an agreement on day five

EU leaders have reached a historic agreement on a €750bn pandemic recovery fund and their long-term spending plans following days of acrimonious debate at what was the bloc’s longest summit in two decades.

As the meeting reached its fifth day, the 27 exhausted heads of state and government finally gave their seal of approval to the EU jointly borrowing debt to be disbursed through grants on an unprecedented scale in the face of an economic downturn not seen since the Great Depression.
"Wat is het een gezellig boel hier".

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Re: The EU.

Post by Brian Peacock » Tue Jul 21, 2020 9:46 am

It's all about compromise. It was all about the poorer Southern states compromising with the arbitrary fiscal requirements of the industrialised Northern states, until the Southern states threatened to leave the Euro. The Eurozone is in a mess, but perhaps this is the first step to finally sharing the potential benefits of a common currency equally between all member states rather than having Germans, France and the Netherlands (and previously the UK) driving the thing along for their own domestic political well-being. On the whole a positive outcome I think - the devil will be in the details of course.
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Clinton Huxley » 21 Jun 2012 » 14:10:36 GMT
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Re: The EU.

Post by Scot Dutchy » Tue Jul 21, 2020 9:56 am

Brian Peacock wrote:
Tue Jul 21, 2020 9:46 am
It's all about compromise. It was all about the poorer Southern states compromising with the arbitrary fiscal requirements of the industrialised Northern states, until the Southern states threatened to leave the Euro. The Eurozone is in a mess, but perhaps this is the first step to finally sharing the potential benefits of a common currency equally between members.
That's the way negotiations work Brian but the important thing an agreement was made. It still has to approved by parliament which is not a rubber stamp job.
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Re: The EU.

Post by Brian Peacock » Tue Jul 21, 2020 10:37 am

The important things is that Germany, France and the Netherlands have abandoned 'doing a Greece' on the poorer states. This deal might play better with those anti-EU leaning former Eastern block, Italian, Greek and Spanish voters who were facing the prospect of being saddled with a disproportionate amount of debt arbitrarily structured to meet fiscal requirements designed to appeal to German, French and Dutch voters. I also think this could represent a good first step to making the ECB more independent of the big-three's banking sector, but we'll have to see about that.
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Clinton Huxley » 21 Jun 2012 » 14:10:36 GMT
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Re: The EU.

Post by laklak » Tue Jul 21, 2020 3:05 pm

Fuck the EU! Fuck the USA! Fuck Federalism!

All power to the people!
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Re: The EU.

Post by pErvinalia » Wed Jul 22, 2020 1:29 am

Settle down.
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Re: The EU.

Post by laklak » Wed Jul 22, 2020 1:38 am

I'm better now. Bit of gas.
Yeah well that's just, like, your opinion, man.

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Re: The EU.

Post by JimC » Wed Jul 22, 2020 2:23 am

Better out than in...
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Re: The EU.

Post by Tero » Fri Apr 30, 2021 10:58 am

EU recovery from pandemic recession now stuck:
NYT

Europe’s economy shrank by 0.6 percent in first quarter.


The eurozone economy contracted by 0.6 percent over the first three months of the year, sliding back into recession, as the still-raging pandemic prompted governments to extend lockdowns.

Coming a day after the United States disclosed that its economy expanded 1.6 percent over the same period, the European downturn presented a contrast of fortunes on opposite sides of the Atlantic.

Propelled by dramatic public expenditures to stimulate growth, as well as swift increases in vaccination rates, the United States — the world’s largest economy — expanded rapidly during the first months of 2021. At the same time, the 19 nations that share the euro currency were caught in the second part of a so-called double-dip recession, reflecting far less aggressive stimulus spending and a botched effort to secure vaccines.

But figures for gross domestic product represent a snapshot of the past, and recent weeks have produced encouraging signs that Europe is on the mend. The alarming spread of Covid-19 in major economies like Germany and France has begun to trend downward, factories have revived production, while growing numbers of people are on the move in cities.

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Re: The EU.

Post by Scot Dutchy » Fri Apr 30, 2021 11:06 am

Nice to have the source for the lies Tero. Our economy grew by 2,6% in that period. So who is telling porkies?
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Re: The EU.

Post by pErvinalia » Fri Apr 30, 2021 11:44 am

They are stats for the whole EU, not the Netherregions.
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Re: The EU.

Post by Scot Dutchy » Fri Apr 30, 2021 11:54 am

Economic Snapshot for the Euro Area
Detailed national accounts data revealed that Q3’s strong rebound in GDP was supported by both the domestic and external economy: Resuming business activity and unleashed pent-up consumer spending fueled domestic demand, while easing lockdowns abroad boosted exports. That said, the recovery seems to have hit a stumbling block in Q4. The reintroduction of restrictions due to rising Covid-19 cases left visible scars on the services sector and on consumer and business sentiment in November, while a lost Christmas season will further weigh on activity at the tail end of 2020. In politics, in late November Eurozone finance ministers reached a deal to revamp the bloc’s bailout fund to provide extra cash for failing banks, starting in 2022. Moreover, Hungary and Poland recently lifted their veto on the EU’s multi-year budget and Covid-19 recovery fund in exchange for a softening of the rule of law mechanism.

The economy is seen expanding 4.6% in 2021, which is down 0.2 percentage points from last month’s forecast. In 2022, GDP is seen increasing 3.5%.
"Wat is het een gezellig boel hier".

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Re: The EU.

Post by pErvinalia » Fri Apr 30, 2021 1:01 pm

That's a forecast, you knucklehead.
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Re: The EU.

Post by Tero » Fri Apr 30, 2021 5:49 pm

Scot Dutchy wrote:
Fri Apr 30, 2021 11:06 am
Nice to have the source for the lies Tero. Our economy grew by 2,6% in that period. So who is telling porkies?
NYT
New York Times

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Re: The EU.

Post by Scot Dutchy » Fri Apr 30, 2021 7:31 pm

No source then. So the NYT is telling porkies.
"Wat is het een gezellig boel hier".

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