Reply to post: Re: Y2K all over again

UK.gov isn't ready for no-deal Brexit – and 'secrecy' means businesses won't be either

Anonymous Coward
Anonymous Coward

Re: Y2K all over again

1) The EU is in multiple self inflicted crises.

EU got too big too fast, that could be true. No one could envision USSR would have crumbled so quickly, and so many countries would have asked to join. And a fully US born financial crisis hitting a few years later it allowed in Eastern countries didn't help at all.

Other crisis, like that in Lybia, have also many UK fingerprints, right? Again, an intervention without a plan about what to do after.... Cameron will be remembered for that and Brexit. Great record.

Others have US ones all around, like Syria, Afghanistan and Iraq and the large number of immigrants. So, not always "self-inflicted". EU was caught in the middle of ill-advised and worse managed acts by US.

It is true that the immigrant crisis has been mismanaged, and leaving the full burden on the Mediterranean countries like Italy and Greece greatly contribute to give power to the anti-EU parties.

2) Greece and Italy

These are two perfect example of self-inflicted crisis. Both created huge debts all on their own by politicians to buy easy consensus, and hoped to offload it to other countries through EU. It didn't work, and they made the EU the "mother of all their troubles". Actually, without EU and the Euro they would probably look like Venezuela today. Mistakes has been made by EU too, but all the issues are endogenous, and a confrontational approach to avoid to admit the big mistakes that let to unsustainable debt is plainly stupid.

3) Ukraine

EU never "ran away". Should have EU declared war on Russia? Sure, some states with lucrative exports to Russia, and some Putin worshipers, don't like sanctions.

You can read more here: https://eeas.europa.eu/headquarters/headquarters-homepage/4081/eu-ukraine-relations-factsheet_en

4) Trump

He's the only one looking utterly foolish. And the one with the wrong interests in Ukraine... it's only the Congress restraining him by kissing Putin on the lips and sleeping with him.

5) Eurozone recovery

Actually only counties with substantial endemic issues didn't recover yet fully, despite the big help from Draghi. And they're still trying to hide the issues under the carpet, especially Italy. That's a real big risk.

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