981–990 of 1001 posts
> Well, either the US or China.”
> The host’s response — “I didn’t realise this” — captured the broader European blind spot.
People have been firing warning shorts for years. It is not a blind spot. It is just being ignored.
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So here's the problem. Assuming what you said is correct, the US, UK, and France want NATO to be more than just a defensive organization. But what about other NATO members? They don't have as many interests to protect in Africa and the Middle East, but they need NATO to defend against Russia. So why should they care about competition between China and the US elsewhere? and you said China actively supplies war materia…
I don't know why you expect us to solve your Russia problem. Why don't you ask your new friend China for help? As Europeans themselves have said many times, the US does not do a good job playing world police. We need to stop warmongering and involving ourselves in the affairs of other countries. It never does any good. Furthermore, Europe has very little soft power in the US at this point. There's no region of the wo…
Unless you have already prescribed to the acceptance of big countries swallow the small ones at whim, it is not only our problem. Also Russia gaining control means often the USA loosing.
> Why don't you ask your new friend China for help?
Who said China is the friend of Europe? The USA has become a new unpredictable adversary, while China is an old enemy. Human nature is just to choose certainty over uncertainty even if that is actually worse.
> We need to reallocate money away from our military, and towards our healthcare system
I don't think EU countries have a problem with that. They rather complain, that you are currently allocating money to a military, that wants to attack EU states and to a para-military that attacks USA citizens.
> So we need to drop sanctions on Russia, like China has done, so that the Europeans will like us more?
It is that China is seen as evil anyway, so nobody expects them to sanction Russia for real, while we didn't saw the USA that way.
> For years, Europeans have sharply criticizing the United States for sometimes partnering with authoritarian countries.
You don't criticize enemies, you criticize friends. I think the criticism also was more that you create authoritarian countries, partnering was also done by European nations, that's called realpolitik.
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Hmm does instant SEPA differ in some way from the regular kind? I just checked and my bank still lists 0.4-1.1€ per external transfer. It's the national bank so I presume they're not likely to be in breach of EU regulations.
Mine did too a year ago or so still (N26). Now they are free due to it being mandatory in EU.
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The Canadian government has been trying for about 4-5 years now to get Canadian banks to embrace Open Banking, which will allow these sorts of products to be built quickly. The banks have consistently refused to do anything, because they don't want any change that threatens their oligopoly. Canadian bank services are more or less the same as they were a decade ago. The current government will have to show that it can…
Indeed, no one seems to ever talk about the banking monopoly in Canada so it's not a big political issue. It's not nearly as controversial as the telecom or airline monopolies. There are some new banking startups popping up in Canada like Neo Financial (from the guys who made SkipTheDishes) but they are online-only and have limited integration with stuff like Plaid.
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This is the law which regulates such things, and the law makes no difference between any payment service (ie credit or debit), when it comes to unauthorized use, see chapter 5: https://svenskforfattningssamling.se/sites/default/files/sfs... Edit: Page 28 to be precise. The law explicitly states that funds have to be reimbursed to the victim immediately or at latest on the same bank day.
And do you think this law applies to Debit cards too? No, it doesn’t. Of course you can find some laws that apply to both. But the relevant law is. https://www.riksdagen.se/sv/dokument-och-lagar/dokument/sven...
The law 2018:175, which I previously linked to, is crystal clear and protects consumers against unauthorized use of their digital payment means, including but not limited to all types of card transactions. Otherwise, please let me know which chapter excludes debit cards.
Even bank transactions are protected by this law. And it has been all the way to the supreme court, which ruled in favour of the fraud victim against the bank. The victim had voluntarily handed over their digital banking credentials to scammers, and the bank refused to reimburse the stolen money. However, the supreme court ruled that the bank was indeed bound by law to reimburse the money:
https://www.domstol.se/hogsta-domstolen/avgoranden2/2022/115...
But even so, if the law is not enough and if the supreme court ruling is not enough for you, then at least empirical evidence should be enough? Just ask around with family and friends and you'll find at least a few people who have been the victims of having their debit card stolen or cloned. They will let you know that the bank returned their money swiftly.
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> Others have said it but I will pile on as this is dangerous misinformation. Was that an introduction to the rest of your comment? Explain to me please how a dispute with a vendor on a purchase makes a difference for your ability to pay rent? If the purchase was not fraud, then you have used that money anyway with your purchase. Unless you're planning to pay rent by bartering your Amazon order. If you're instead tal…
> But the fraud protection is the same, even if procedures and timelines might differ. I wrote about outright fraud taking weeks (in one case, months) to resolve. From my own personal direct experience. > I had a friend who doesn’t even have a passport dispute an ATM transaction in a country he never visited. Does this sound like a dispute with a vendor or outright fraud? A dispute with a vendor can also mean an over…
I've had my own bank account emptied by card cloners. And the bank reimbursed the money swiftly after having made a police report. The same for everybody else I know who have fallen victim to the same. None of us with any kind of impressive assets when it happened.
As for disputes with vendors, sure, I give you that there is a difference in time frame when paying by credit instead of debit.
A cloned or stolen card should never take weeks or months to resolve. In that case, you've been the victim of a criminal bank. It's not the experience for most victims, whether rich or poor.
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Your link counts all types of debt including mortgages which is the reason why Luxembourg comes up first.
The argument was, at least how I read it, that europe doesn't rely on credit that much. My argument is: we do. We just don't have 20 credit cards at a 45k debt level. But we have enough other stuff.
I'm surprised that Canada doesn't seem to be talking about doing this. We've already got a strong payment processing brand with Interac, it's used daily for millions of debit transactions, and supports all the features you'd expect (in Canada) from a payment card (tap, chip&pin). There's also the MasterCard Debit and Visa Debit branding which seem to bridge debit transactions to the MasterCard and Visa networks. And…
This would still rely on Visa/MasterCard allowing dual-branded credit cards for overseas transactions, which isn't a very common arrangement. The only market that has this is in Asia where there are UnionPay + Visa/MasterCard dual branded cards and I suspect that the reason they allow this is because the market is huge, especially compared to Canada. Also Interac does not do online transactions outside of some very s…
False? Co-badged cards are used in Germany, were used in NL, are used in NZ/AUS, many more examples than just "Asia".
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Carrying this device is the key here. Eventually we all need to carry it around, track us everywhere.
Most people have mobile phones that need to roughly know your position as a technical necessity, why are you speaking like its 1990's?