High national debt, capital flight, high tax burdens, over-regulation and crazy environmental legislation - the eurozone is drifting into a deep recession that is being driven by both the service sector and industry. This recession, whose origins can also be traced back to misguided monetary policy, is largely home-made. The European Union, which once started out as a free internal market, has degenerated into a bureaucratic juggernaut. The citizens are now footing the bill and it will take a long reform process towards a free market economy to find a way out of this mess.
438 sats \ 1 reply \ @SpaceHodler 18 Dec 2023
reply
0 sats \ 0 replies \ @TomK OP 18 Dec 2023
Love it!! Sooooo true. Tell this to the commie that is chasing me here
reply
96 sats \ 2 replies \ @Undisciplined 18 Dec 2023
Do you see any of the member states exiting the EU in the near future?
reply
344 sats \ 1 reply \ @TomK OP 18 Dec 2023
Economically the highly endebted states all have the incentive to melk the Brussels cow. But look: even Hungary as the total antipode stays in the bloc. So: I do not see another exit short-term and my contacts are not showing up with anything spectacular.
Last thing s.o. told me about the EU Commission was that these bureaucrats are working remote jobs over years now and rarely meet one by one. It's more than strange.
reply
299 sats \ 0 replies \ @shado_op 19 Dec 2023
Agree, the UK's experience has no doubt been instructive in this regard. The UK was out-classed by a determined EU. Didnt have to turn out that way, but there you go...
The UK establishment have basically continued to mirror the EU; and the Tory Party have almost deliberately squandered the unprecedented "Get Brexit Done" voter coalition from the 2019 election...
No Euro politician in their right mind is going to want a repeat for themselves...
reply
21 sats \ 3 replies \ @boisechampion 19 Dec 2023
Yep, Tom Luongo from Gold Goats and Gun has been talking about this for 2 years. Western Europe is screwed in so many ways. Gonna be crazy to watch from afar.
reply
0 sats \ 2 replies \ @TomK OP 19 Dec 2023
Tom Luongo has some crazy ideas about Fed policy, right?. Isn't it this guy?
reply
25 sats \ 1 reply \ @boisechampion 19 Dec 2023
Yep, that’s him
reply
0 sats \ 0 replies \ @TomK OP 19 Dec 2023
Thanks. Will read some stuff today
reply
110 sats \ 5 replies \ @0xtr 18 Dec 2023
The EU is a shithole but nobody seems to care. Everyone just seem like they think everything is fine.
reply
21 sats \ 0 replies \ @TomK OP 18 Dec 2023
But You really can't say that I don't care a shit! Because the EU means a lot of shit to me!
reply
1 sat \ 3 replies \ @nullama 18 Dec 2023
There are many great countries and cities in the EU.
There are also many not that great ones.
It's like saying that every state in the US is the same.
reply
0 sats \ 1 reply \ @0xtr 19 Dec 2023
Not talking about cities etc, talking about politics and the economy
reply
0 sats \ 0 replies \ @nullama 20 Dec 2023
Countries are basically politics and economy.
Each one of those countries in the EU have different ones.
That's partly why the EU is so complicated, it has to work with many different political and economic frameworks. Some countries in the EU don't have the Euro for example (that's the Eurozone) such as Denmark, and Sweden for example, whereas others are not part of the EU but still are pretty much involved in many things, such as Norway. And so on, it's a complicated thing.
reply
0 sats \ 0 replies \ @TomK OP 19 Dec 2023
Yes, they are great. But I am talking about the EU. This construct is a mess
reply