65 sats \ 16 replies \ @siggy47 9 Apr \ on: The euro was an attack on the southern European economy econ
I always thought Spain, Portugal, and even Italy were nuts to go along with the idea of a euro. Italy could have handled it but for those lazy mezzogiorno people (I'm southern Italian, so I can say that)
For me, the crisis is also reflected in the fact that over 35% of young adults live at home with their parents. there is no economic awakening here, young people have no future, nor has the interest in starting their own business been completely stifled by the socialist governments.
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We had exchange students from Italy and Belgium. These were very smart kids from successful families. They were all very pessimistic about ever finding good paying jobs.
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As an American, can you imagine that a gross salary of €35,000 is already tops here in Spain?
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In Spain we were doing well with the peseta, when we accepted the euro everything started to go wrong, I remember the change from living well and comfortably to simply making ends meet, our purchasing power was reduced considerably with the change, also In the long term I don't see any improvement on the horizon, even worst when CBDCs arrive, I wonder who is behind all this shit? Who is the thinking brain behind this garbage.
Belgians are pessimistic in general lol
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Europe had problems in the labor market before 1999.
Euro zone made it worse
I wonder why there was a backlash in Great Britain.
I wonder why Europeans are rethinking unfettered immigration.
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And Greece has and will always eat drink sleep their way to devaluation. And then they eat drink party after devaluation
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