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 Post subject: Re: Brexit Anyone? (part 4)
PostPosted: Sun Nov 17, 2019 6:56 pm 
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The Ghost of '99 wrote:Yet again you repeat this rubbish. They are all countries which have seen huge economic growth in international trade and in living standards and prosperity since joining the EU.

It's like climate change deniers conflating climate with the weather.


You really are delusional - in Spain youth unemployment is 33% - Italy and Greece are virtually bankrupt and both have had very tough economic guidelines set on them by the EU - to a point where it has brought governments down in both countries.

Being a member of the EU isn't a one stop shop to prosperity - who is to say that these countries could have grown just as much outside of the EU?






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 Post subject: Re: Brexit Anyone? (part 4)
PostPosted: Mon Nov 18, 2019 9:01 am 
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Sal Paradise wrote:You really are delusional - in Spain youth unemployment is 33% - Italy and Greece are virtually bankrupt and both have had very tough economic guidelines set on them by the EU - to a point where it has brought governments down in both countries.

Being a member of the EU isn't a one stop shop to prosperity - who is to say that these countries could have grown just as much outside of the EU?


Italy (primarily due to corruption) and Greece have been economic "basket cases" for as far back as I can remember and without the strict rules set out by the EU they would have fallen further and further down the pile.
Left to their own devices they would have kept on devaluing their currency and possibly ended up with an ecconomy similar to Zimbabwe.
For all of the constraints put on them through their EU membership, I would suggest thet, despite their high youth unemployment, they would be in a far worse state than they currently are.

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 Post subject: Re: Brexit Anyone? (part 4)
PostPosted: Mon Nov 18, 2019 12:57 pm 
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wrencat1873 wrote:Italy (primarily due to corruption) and Greece have been economic "basket cases" for as far back as I can remember and without the strict rules set out by the EU they would have fallen further and further down the pile.
Left to their own devices they would have kept on devaluing their currency and possibly ended up with an ecconomy similar to Zimbabwe.
For all of the constraints put on them through their EU membership, I would suggest thet, despite their high youth unemployment, they would be in a far worse state than they currently are.


What makes you say that? It is very unlikely any country in Europe will end up like Zimbabwe - in or out of the EU. Africa has some challenges that are particular to that continent.






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 Post subject: Re: Brexit Anyone? (part 4)
PostPosted: Mon Nov 18, 2019 2:04 pm 
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Sal Paradise wrote:What makes you say that? It is very unlikely any country in Europe will end up like Zimbabwe - in or out of the EU. Africa has some challenges that are particular to that continent.


What make me say that (make a direct comparison between Italy/Greece and Zimbabwe) is the regular devaluation of currency, coupled with government's who "aren't the best" at collecting tax revenues, leading to further devaluation of currency and so on and so on.
You may not remember the days of becoming a "lira millionaire" , such was the state of Italy's own currency.
My point here being that, outside of a more financially controlled environment, both of these nations would be significantly behind where they are now.
FWIW, I believe that Italy has the potential to be a reasonably wealthy nation but, perhaps needs stronger government, Greece on the other hand is a vision of what an independent Scotland may look like.

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 Post subject: Re: Brexit Anyone? (part 4)
PostPosted: Wed Nov 20, 2019 12:58 pm 
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wrencat1873 wrote:What make me say that (make a direct comparison between Italy/Greece and Zimbabwe) is the regular devaluation of currency, coupled with government's who "aren't the best" at collecting tax revenues, leading to further devaluation of currency and so on and so on.
You may not remember the days of becoming a "lira millionaire" , such was the state of Italy's own currency.
My point here being that, outside of a more financially controlled environment, both of these nations would be significantly behind where they are now.
FWIW, I believe that Italy has the potential to be a reasonably wealthy nation but, perhaps needs stronger government, Greece on the other hand is a vision of what an independent Scotland may look like.


Agreed - good points






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