EU fails to

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Agree a unified response to this chinese flu out break

Splits are appearing between Italy / Spain and countries from Northern Europe

Germany and Holland are resisting fearing that it could lead to euro zone members pooling public debt
 
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There will be civil unrest in Italy

And then Spain

Followed by the French

They always fall apart tis in there nature
 
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Ah, just spotted this fred, from another:-

Their needn't be economic meltdown, as per my discussion with Notch the other night, and some discussions with Galahad which didn't go as well. Just print money, it's not real and it's not as though we ever have to pay it back, it's just fairy dust.
I was delighted tonight to find an article in The Guardian no less that pretty backs up everything I said.

https://www.msn.com/en-gb/money/oth...back-or-will-they/ar-BB11Qq66?ocid=spartanntp

In Great Britain, that's what we've done, a decisive and positive Government, one of the finest Governments I've seen in my lifetime, has looked at the problem and said, OK, no probs, here's a gazillion trillion bucks, nobody starves, nobody gets left behind, let's get through this.

This is more or less what Italy wants to do, unfortunately, they're already on the brink of financial collapse, they're a member of a 27 nation group and need their approval, Ze Germans have kindly said that in the short term, they no longer have to comply with the strict spending and deficit controls as laid out in the Maastricht treaty, but aren't coming up with any sort of bailout package.

There's vague talk of ECB loans, but that's not what the southern European countries want, loans have to be paid back, and on this scale that would mean austerity x 10, so naturally they don't want that, they want some 'fairy dust' like we have.

Talks about a solution for the EU broke down last week, Ze Germans together with a few scandinavian countries aren't keen on debt, and they definitely don't believe in fairies, even if it never has to be paid back, they're even less keen on helping their Southern neighbours, even though that relationship via the Euro has kept the Deutschmark at a level low enough for Ze Germans to export at handsomely surplus levels.
The meetings are re-scheduled for 2 weeks time, it wont be pretty.

Read more: https://www.diynot.com/diy/threads/poland.541797/#ixzz6I1rqzC23
 
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