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Macron says €300B in EU savings sent to the US every year will be invested in EU

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Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#91

Post by victorbjorklund »

TacticalCoder wrote: post #17
nradov wrote: post #5

Macron is making up numbers. Unless the EU member states actually impose capital controls, investors will continue to send their capital wherever it can earn the highest returns. Profitable investment opportunities in the EU remain slim and so far they seem uninterested in pursuing a growth policy.

[flagged]

> The only reason the IMF hasn't taken the reins of France yet is because France has the nuclear weapon and is the only country in the eurozone to have it, so they have some leverage with the other countries in the eurozone.

First of all IMF has nothing to do with the Eurozone. And second of all, we are Europeans. We don’t threaten to bomb our neighbors if they don’t give us what we want. That’s just a Russian/American thing.

Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#92

Post by embedding-shape »

charamis wrote: post #89
embedding-shape wrote: post #33

Earlier quoted context omitted.

> The only reason the IMF hasn't taken the reins of France yet is because France has the nuclear weapon and is the only country in the eurozone to have it, so they have some leverage with the other countries in the eurozone. Haha, what? How is France having nuclear weapons leverage over other countries in the Eurozone? What kind of thing do you think the Eurozone or EU even is? We don't use threats of violence agains…

> Haha, what? How is France having nuclear weapons leverage over other countries in the Eurozone? What kind of thing do you think the Eurozone or EU even is? We don't use threats of violence against each other in negotiations. France having nuclear weapons or not matters zilch in these conversations, because we're all allies. Greece says hello!

... did I miss something? I know there is plenty of financial and institutional coercion, don't get me wrong, but violent threats between nations within the Eurozone? When did that happen / what are you referencing?

Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#93

Post by shmeeed »

direwolf20 wrote: post #35
embedding-shape wrote: post #33

Earlier quoted context omitted.

> The only reason the IMF hasn't taken the reins of France yet is because France has the nuclear weapon and is the only country in the eurozone to have it, so they have some leverage with the other countries in the eurozone. Haha, what? How is France having nuclear weapons leverage over other countries in the Eurozone? What kind of thing do you think the Eurozone or EU even is? We don't use threats of violence agains…

Well they're right: The IMF routinely takes over countries that have too much debt, but it hasn't done this to France.

The IMF usually only gets involved in policy when countries borrow money from them. So far, France has not had to request such aid.

Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#94

Post by skybrian »

abirch wrote: post #19
nradov wrote: post #5

Macron is making up numbers. Unless the EU member states actually impose capital controls, investors will continue to send their capital wherever it can earn the highest returns. Profitable investment opportunities in the EU remain slim and so far they seem uninterested in pursuing a growth policy.

Unfortunately the US Dollar is devaluing. In the past year the dollar went down by 11%. That means SP 500 which has gone up 13% in the past year has only gone up 2% for a European.

This means that from a European point of view, US investments are 11% cheaper.

This could be attractive depending on your view of the future of the US dollar and US stock market.

Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#95

Post by triceratops »

embedding-shape wrote: post #33
TacticalCoder wrote: post #17

Earlier quoted context omitted.

[flagged]

> The only reason the IMF hasn't taken the reins of France yet is because France has the nuclear weapon and is the only country in the eurozone to have it, so they have some leverage with the other countries in the eurozone. Haha, what? How is France having nuclear weapons leverage over other countries in the Eurozone? What kind of thing do you think the Eurozone or EU even is? We don't use threats of violence agains…

> How is France having nuclear weapons leverage over other countries in the Eurozone?

If there's one thing a bank is scared of, it's getting nuked. /s

Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#96

Post by throwawaypath »

forty wrote: post #74
godzillabrennus wrote: post #40

Earlier quoted context omitted.

Let me fix that for you. This is all happening because the institutions in America failed to deliver for working-class people for over four decades, and Americans got fed up, elected a billionaire willing to be a bulldozer of those institutions and the systems that work for knowledge workers, twice.

And how does that work for them?

Fantastic for my knowledge worker 401(k)!

Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#97

Post by f1shy »

forty wrote: post #79
f1shy wrote: post #36

Earlier quoted context omitted.

What makes it more ridiculous, is that fact that we from the EU are shouting US is getting isolated, but some of the biggest economies in the world do not want to trade with 4 countries from the 3rd world, because we think will get bankrupt because of that.

I'm sure everyone would be happy to purchase stuff that respect our own standards. We forbid our farmers to use some chemicals because they are bad for health and nature, it would be completely stupid to start purchasing food abroad that is made using those chemicals, don't you agree?

Sorry, the standards imposed to meat from south america is way higher than the European. Wine is nearly impossible. And spicies like paprika also require higher standards than in Europe. I don’t know what you mean with that. Free trade does not mean there are no standards to met. Same standards will be imposed (as are already imposed) to anything imported in the EU. Also in south America, because of size you don’t need nearly as much chemicals as in EU anyway.

Last but not least, that of quality standards and chemicals doesn’t hold anyway, as there are already loads of products coming from those countries already… I look always where things come from, and fruits come up to 80% from South America (including Mercosur). Dang even apples from Argentina in Germany, which is frankly non sense to me! It’s just not about quality, is good all protectionism and imposing tariffs, just as Trump is doing, but if we do, is ok.

Yes, I agree with the standards, but has absolutely nothing to do whatsoever with the agreement Mercosur/EU. The standard will be imposed for ANY product sold in the EU, doesn't matter where it comes from, as it should be.

Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#98

Post by jll29 »

pupppet wrote: post #45
charles_f wrote: post #20

If like me you are wondering why the sunglasses, it looks like he is using that to mask an eye infection. https://www.independent.co.uk/news/world/europe/france-emman...

Probably just a broken blood vessel in the eye.

There once was a lady in France,

Whose right fist struck as if by chance;

  Her husband, called M...on,

  Said his eyesight was gone,
“Just an eye infection, come on!”

Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#99

Post by f1shy »

paganel wrote: post #61
f1shy wrote: post #36

Earlier quoted context omitted.

What makes it more ridiculous, is that fact that we from the EU are shouting US is getting isolated, but some of the biggest economies in the world do not want to trade with 4 countries from the 3rd world, because we think will get bankrupt because of that.

It's because of agriculture and us here in Europe losing our food-related resilience because of that. The tertiary sector won't save you in case of a continental blockade and the Argentinian/Brazilian grain suddenly becoming unavailable. "We'll go back to our farmers here in Europe!" Oops, you've just pushed them into bankruptcy a few years ago as a result of Mercosur, so good luck with that.

The amount of erosion and heavy use of fertilizer doesn’t seem so good in the long run.

Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#100

Post by victorbjorklund »

Epa095 wrote: post #75
seszett wrote: post #32

Earlier quoted context omitted.

There's no "enforced savings" that I know of in Europe. 3.50% in the US sounds extremely low to me. It has fallen a bit recently but the savings rate was about 25% in France in 2020. Common knowledge says to strive to save at the very least 10% of one's revenue around here.

It seems like savings include pension ([1], but it is a bit unclear to me) , and that is a kind of forced saving (as in many places in Europe you can't choose to not get pension and get it as cash to spend instead). 1: https://ec.europa.eu/eurostat/statistics-explained/index.php...

Sounds like they don’t count that. They seem to only count disposable income and payments the company does to your retirement aren’t really disposable
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