🐱 Kitty Queen🐱
- Sep 20, 2018
- Right... Behind... You...
- SL Rez
- Joined SLU
- October 2009
- SLU Posts
I agree - after all, just because I'm not letting company over and not leaving my house doesn't mean, if someone needed help, I'd not try and give it.German Bundeswehr transported in patients from Italy and France as our hospitals still have capacities and the peak is not expected soon... I would not call that behaviour "Germany first!" just because we locked borders to ordinary traffic...
This is not the point why "Germany first!" was mentioned in the article, so please allow to explain it: China and the USA have created massive programs to aid their economy. The EU so far has not made such a thing on their own, only the nations for themselves. The lack of such financial support for the economy directly from the EU is what many states are criticising.German Bundeswehr transported in patients from Italy and France as our hospitals still have capacities and the peak is not expected soon... I would not call that behaviour "Germany first!" just because we locked borders to ordinary traffic...
Countries which needed support quickly will simply not care about those details. They needed support on time and got none from the EU, and that's the image which is going to last from now on for a long time: when we needed support the most our allies failed to deliver. And this might be the final nail in the coffin of the EU as we know it, the damage is already there.The EU is not a nation like China and the US.
That makes these kind of decision making complicated and time consuming.
Doesn't sound much different than the US to be honest. Some states are solvent and others aren't, but lord help the ones that are if they don't help those that aren't - even though oft times, it never actually gets to the citizens. I'm speaking as someone who has spent most of her life in one of these non-solvent states....They need that financial support because they had severe money problems before the virus already.
While the northern states like Germany, The Netherlands and the Scandinavian countries had gone trough all kind of hoops to be financially on the safe side (like reforming the pension rules (from 65 to 67 years) Italy, Spain and France did very little to nothing.
And now they ask the northern countries to pull their wallets, no questions asked.
There have to be some rules and regulations in place about how to continue with this Corona Bonds stuff financially, because we are not idiots here up north and let countries like Italy live out of our pockets for the rest of our lives. They will have to clean up their act after the crisis, mandatory.
On the other hand financial help is needed, that is for sure.
Our PM Mark Rutte is opting for a fund where countries donate free money for Italy and Spain to fight the corona virus (he is talking about billions) but there have to be strict rules in place for the money that is needed to support their economies (the bonds).
There is a lot of work to be done now and in the future.
And then there is still that UK thingy that needs attention too.
North-South EU divide clouds coronavirus meetingThe coronavirus pandemic has exposed deep divides in Europe, with EU member states arguing over how to tackle the economic fallout.
Italy and Spain have accused northern nations - led by Germany and the Netherlands - of not doing enough.
Spanish Prime Minister Pedro Sánchez has even warned that if the EU fails to come up with an ambitious plan to help member states saddled with debt by the fight against coronavirus, the bloc could "fall apart".
EU Council and Commission chiefs released a statement on Monday that said a "strong package is in the making".
A teleconference between Eurozone finance ministers on Tuesday went on for seven hours and was set to continue through to Wednesday morning after Italy refused to back down on its demands.
A similar meeting two weeks ago bore little fruit. As a result, leaders sent their finance ministers back to the drawing board.
Basically, the EU has to decide if it needs to consolidate more, or fall apart. Thing is, its not all that different than how the US started; for good or for ill. At one point, each state actually did have its own currency, iirc.I think we have to let the Euro go again in the future.
When each country has his own currency again, each individual country can manage their finances as they like.
Now the Euro zone has several caps in place where every country should be at least be working towards (directly during and after a crisis) or (best) stay under.
That is what the northern countries like Germany, The Netherlands and the Scandinavian countries did.
Further south not so much.
When every country can make individual choises again, Itally and Spain will most likely use the 'good old' money devaluation system again.
5000 lira or 1000 pesos for a cup of coffee within 10 years again, the Frensh Franc at 15 cents.....
IMHO, You can't keep spending money that you haven't earned yet (or never will) in the long term and stay financially thrust worthy at the same time.
I was always in favor of the EU, but maybe the whole EU has to be reshuffled, only keeping what is worth saving.
The EU is not only financially under pressure but also democratically.
Hungary has de facto a dictator.
Poland has laws in place lately, that at least are questionable when looked at it in a way as we understand democracy.
I'm afraid your memory isn't accurate. The most common coin in circulation during colonial days was the Spanish silver dollar. Spain was getting all that silver from the Americas, and traded with the colonies because the Gulf coast belonged to Spain at the time. The first US coinage act, 6 years after the Constitution was ratified, set the US dollar to equal the average weight of the Spanish dollar, so they traded one-to-one. It took a while before there was enough domestic coinage to displace the Spanish ones.Basically, the EU has to decide if it needs to consolidate more, or fall apart. Thing is, its not all that different than how the US started; for good or for ill. At one point, each state actually did have its own currency, iirc.
Italy's prime minister has told the BBC that the European Union risks failing as a project in the coronavirus crisis.
Giuseppe Conte says the EU must act in an adequate and co-ordinated way to help countries worst hit by the virus.
Mr Conte says the European Union needs to rise to the challenge of what he calls "the biggest test since the Second World War".
This was his first interview with the UK broadcast media since the pandemic exploded in Italy seven weeks ago.
He was speaking as Italy and some other EU countries try to push more frugal members of the bloc to issue so-called "corona bonds" - sharing debt that all EU nations would help to pay off. The Netherlands in particular has opposed the idea, leading to a clash between finance ministers of the eurozone.