25% of Britains GDP slowly being poured down the drain ...

[transam]

Italy have just voted in there 68th
PM since WW2

 

[Scarlet Pimpernel]

Italy have just voted in there 68th
PM since WW2

How would you describe a country that goes through a quick succession of PMs?

 

[Trazor]

How would you describe a country that goes through a quick succession of PMs?

I will answer for transam.........." very good at evicting scoundrels".

 

[noseall]

Is the EU going to implode or explode ?

Christ knows. According to you and filly it's been imminent for at least the last four years. The EU exploding and Germany taking over Europe would have a tough race with a glacier.

 

[ajohn]

Aye, two week package holiday in Benidorm, all you can drink, watch a few bull fights, buy loads of straw donkeys and still come home with change out of two hundred quid.

Rubbish until Covid cropped up other than final attempts to fill a plane and not that cheap anyway - less so when you get there as well.

Your other - economists - some needs adding also a mix of wouldn't it be nice if it did do that. Debt is growing the world over and to make any sense of it needs per capita to figure, Some idiots in that area reckon china has the same problem.

 

[ReganAndCarter]

remainer , remoaner or brexiteer u are all in the same boat

What about us 'rejoiners'? Where do we stand?

 

[motorbiking]

Me too. My house in France is worth at least 40% more, ignoring all other influences, by the time I convert my assets in euros back to pounds, if I ever wanted to, or for my heirs.

You might want to double check what you think you can buy and sell for. 17.5% growth last year verses 6% in France.

 

[Scarlet Pimpernel]

You might want to double check what you think you can buy and sell for. 17.5% growth last year verses 6% in France.

In a location with fewer people, that automatically means demand is lower. In addition supply is no problem whatsoever.
I'm more than content with that.

 

[SirGalahad]

And there, staring you in the face, is the reason the Euro is doomed to failure. It's over valued and at least half of the countries in the eurozone would, if they could, devalue. It would put them on a stronger footing and reduce national debt. But they can't, they're trapped, and the national debts are getting bigger, and bigger, except for Germany of course.

Debt as Percentage of GDP
EU 89.8
UK 101
USA 132.6

Take a stand you old coot! First debt was bad and it must be reduced so we needed Austerity.Then debt became good and the money tree gushed forth and now debt is bad again.

 

[motorbiking]

very carefully selected.. How do the 26 look when you take out Germany? UK Debt is below itally, France, Spain, Belgium, Portugal.. and maybe throw Japan in for comparison rather than just the US.

 

[Scarlet Pimpernel]

very carefully selected.. How do the 26 look when you take out Germany? UK Debt is below itally, France, Spain, Belgium, Portugal.. and maybe throw Japan in for comparison rather than just the US.

Not a fair argument, supposedly UK is stronger than EU, they hold all the cards, etc.
Or are you adopting which ever stance suits your narrative?

 

[motorbiking]

I'm suggesting the deviation is skewed significantly by Germany.

 

[Scarlet Pimpernel]

I'm suggesting the deviation is skewed significantly by Germany.

As it would be if UK were still in.

 

[motorbiking]

Have you done those sums? I think you will be wrong.

 

[ajohn]

very carefully selected.. How do the 26 look when you take out Germany? UK Debt is below itally, France, Spain, Belgium, Portugal.. and maybe throw Japan in for comparison rather than just the US.

The only relevant figure really is debt per capita but again doesn't mean much unless productivity numbers are included.

The other thing seldom mentioned who provided the money to meet the debt as well.

Behind that is personal debt and believe it or not privatised state debt. That is beginning to worry some countries.