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.
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Love it!! Sooooo true. Tell this to the commie that is chasing me here
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Do you see any of the member states exiting the EU in the near future?
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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.
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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.
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Tom Luongo has some crazy ideas about Fed policy, right?. Isn't it this guy?
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Yep, that’s him
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Thanks. Will read some stuff today
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The EU is a shithole but nobody seems to care. Everyone just seem like they think everything is fine.
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But You really can't say that I don't care a shit! Because the EU means a lot of shit to me!
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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.
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Not talking about cities etc, talking about politics and the economy
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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.
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Yes, they are great. But I am talking about the EU. This construct is a mess
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