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Euro area is back on the brink of recession

economist.com

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Re: Euro area is back on the brink of recession

#81

Post by rossdavidh »

zozbot123 wrote: post #76
kaybe wrote: post #35

Earlier quoted context omitted.

Well, the EU was not made to improve the economies of its members. Its main goal is to intertwine them enough to make another big war way too painful.

No surprise there. "When goods don't cross borders, armies will."

I've heard that, but there are a lot of counter-examples. The colonial wars in China and elsewhere happened in order to force China to participate in trade. Plenty of cases of the U.S.A. invading either to make sure their banks got reimbursed, or to prevent Europe from doing the same.

Plenty of other examples one could give, but the chart on this article (https://www.weforum.org/agenda/2017/01/why-the-world-looks-a...) may do. Free trade hit a peak in 1913, the highest it had perhaps ever been. The period that followed was not exactly peaceful.

Re: Euro area is back on the brink of recession

#82

Post by nickik »

xiphias2 wrote: post #62
nickik wrote: post #55

Earlier quoted context omitted.

Guess what, monetary policy about managing your personal check book. The SNB acted pretty well, one of the best in the world and the Swiss economy was much better of then most comparable countries because we could devalue when people like drove up the demand for CHF and almost pushed Switzerland in a deflation. That might be good for your check book but it would be a disaster for the economy.

It's bad for exporters, great for everybody else in Switzerland. Anyways I didn't own any fiat since then, but of course living with the volatility of other assets have their downsides. I'll move back partly to fiat, as it still has its advantages.

Its not bad for exporter, the opposite actually. Exporters were the people wanting expansionary monetary policy because high CHF made their products more expensive.

In fact this was great for the majority of people as nobody profits in the long run from a deflationary spiral.

Re: Euro area is back on the brink of recession

#83

Post by futurix »

throw564d wrote: post #69
futurix wrote: post #18

Earlier quoted context omitted.

Investors already voted against pound (look at the exchange rate). Brexit shown them that U.K. is no longer predictable and stable. And since after Brexit it will be equally expensive to move funds from Eurozone to U.K. or to any other country - there are likely to choose somewhere else.

The city of London has been going for hundreds of years. It thrived before the EU, it will thrive after.

You forget that we don't have a colonial empire anymore.

Re: Euro area is back on the brink of recession

#84

Post by throw564d »

futurix wrote: post #83
throw564d wrote: post #69

Earlier quoted context omitted.

The city of London has been going for hundreds of years. It thrived before the EU, it will thrive after.

You forget that we don't have a colonial empire anymore.

It existed long before empire.

Re: Euro area is back on the brink of recession

#85

Post by throw564d »

lelima wrote: post #74
throw564d wrote: post #66

Earlier quoted context omitted.

For one thing it means that one person (e.g. Angela Merkel) doesn't get to unilaterally determine UKs immigration levels any longer.

Uk was one of the most powerful members of the EU before brexit and saying "one person (e.g. Angela Merkel) determine UKs immigration levels" is not correct. UK is not part of the Schengen Agreement, like, Ireland they can decide if a particularity nationality need a visa, I have dual nationality and I can enter Ireland or Uk without a visa using one passport and need a visa using another.

Once the millions of migrants in Germany have the requisite EU papers they would be able to flood into the UK. Shengen is a complete red herring.

Re: Euro area is back on the brink of recession

#87

Post by detaro »

throw564d wrote: post #85
lelima wrote: post #74

Earlier quoted context omitted.

Uk was one of the most powerful members of the EU before brexit and saying "one person (e.g. Angela Merkel) determine UKs immigration levels" is not correct. UK is not part of the Schengen Agreement, like, Ireland they can decide if a particularity nationality need a visa, I have dual nationality and I can enter Ireland or Uk without a visa using one passport and need a visa using another.

Once the millions of migrants in Germany have the requisite EU papers they would be able to flood into the UK. Shengen is a complete red herring.

Asylum papers aren't citizenship, and do not give the rights a EU citizen has (I believe typically they don't allow to leave the country), so the UK can freely choose if it wants to let them in or not.

Re: Euro area is back on the brink of recession

#88

Post by pas »

throw564d wrote: post #66
pas wrote: post #44

Earlier quoted context omitted.

The link between brexit and what? Also, why do you think brexit is not a bad idea?

For one thing it means that one person (e.g. Angela Merkel) doesn't get to unilaterally determine UKs immigration levels any longer.

UK and other Member States always had the right to decide for themselves with regards to immigration (movement between Member States was the only thing the EU influenced, and that was not up to Merkel or any head of state)

Re: Euro area is back on the brink of recession

#89

Post by dvfjsdhgfv »

throw564d wrote: post #66
pas wrote: post #44

Earlier quoted context omitted.

The link between brexit and what? Also, why do you think brexit is not a bad idea?

For one thing it means that one person (e.g. Angela Merkel) doesn't get to unilaterally determine UKs immigration levels any longer.

Other countries found a way to oppose her without leaving the EU. There was a lot of bad press and name-calling back then, but they made their point.

Re: Euro area is back on the brink of recession

#90

Post by dvfjsdhgfv »

detaro wrote: post #87
throw564d wrote: post #85

Earlier quoted context omitted.

Once the millions of migrants in Germany have the requisite EU papers they would be able to flood into the UK. Shengen is a complete red herring.

Asylum papers aren't citizenship, and do not give the rights a EU citizen has (I believe typically they don't allow to leave the country), so the UK can freely choose if it wants to let them in or not.

> I believe typically they don't allow to leave the country

They do:

> You can travel to the so-called Schengen states (Belgium, Germany, Denmark, Estonia, Finland, France, Greece, Ireland, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Austria, Poland, Portugal, Romania , Sweden, Switzerland, Slovakia, Slovenia, Spain, Czech Republic, Hungary) without a visa, if you do not stay longer than three months and you do not work there. [0]

In the EU that's a moot point anyway as I haven't seen any border control in years. So at least travel-wise they're quite free to move.

[0] https://handbookgermany.de/en/rights-laws/asylum/blue-passpo...

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