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<blockquote data-quote="som farmer" data-source="post: 7362864" data-attributes="member: 86168"><p>there are endless dire reports of the forthcoming recession, but all the major economies, bar china !, have suffered due to covid, as have most smaller ones, so the effect will be mitigated to a degree. There can be little doubt that the guv, here in the uk, has thrown mind boggling amounts of money to try and keep the economy going, might miss some, but pretty good on the whole, the 100 billion in accounts show the success of the scheme, if no support, a lot that money would have been spent, on survival. With interest rates so low, it's nearly better to spend it, rather than save it, exactly the guvs aim. Add the dreaded brexit into the equation, and the state of the poorer member states economies, as in 'basket state', how will they get out of recession ? The answer is the richer states, coming out of recession, will have to borrow money, to give to those poorer states, with the likelihood of never seeing it back, germany alone is owed 1000trillion, amounts where you get stuck on how many 0 to put on. The end result will be a slow return, or break up.</p><p> Compared to europe, our guv has done very substantial efforts to mitigate a deep recession, this is where brexit is important, we are looking to trade with the new up and coming economies, that will boom, so we have the EU looking at a long slow recovery, v the new vibrant economies, who would you rather trade with, in the longer term ? And the people to thank for putting us in that position, are the treasury for supporting business, the schemes don't cover everything and everybody, but they look like they might succeed, EU has/not just agreed how to dispense the huge amounts, they have yet to borrow, to support EU businesses.</p><p> If you want a truer picture of what is happening across europe, do NOT listen to the BBC, plenty of european news out there, on other news channels, you get a very different take on events, which are generally the same, on non related channels.</p><p>Edit, the news from EU now, is they cant decide how to spend the money, each state has to give 'their' plans to help their economies, less than half have done so, huge criticism over the lack of plans, by the commission, on how, where, and effective oversight, no concrete ideas in place, except, a new committee to discus the problem. The next problem already admitted, how can they 'lend' money to the poorer countries, who are basically already on life support, to increase their debt, which is highly unlikely to be repaid. Serious financial figures, esp in germany, are saying the euro does not fit all the countries using it.</p><p>Macron, in an interview 12 months ago, admitted the french would vote to leave, in an in/out referendum, his answer was to form tighter unity, or United States of Europe, with a central guv controlling all things. Cant remember hearing that on the BBC.</p></blockquote><p></p>
[QUOTE="som farmer, post: 7362864, member: 86168"] there are endless dire reports of the forthcoming recession, but all the major economies, bar china !, have suffered due to covid, as have most smaller ones, so the effect will be mitigated to a degree. There can be little doubt that the guv, here in the uk, has thrown mind boggling amounts of money to try and keep the economy going, might miss some, but pretty good on the whole, the 100 billion in accounts show the success of the scheme, if no support, a lot that money would have been spent, on survival. With interest rates so low, it's nearly better to spend it, rather than save it, exactly the guvs aim. Add the dreaded brexit into the equation, and the state of the poorer member states economies, as in 'basket state', how will they get out of recession ? The answer is the richer states, coming out of recession, will have to borrow money, to give to those poorer states, with the likelihood of never seeing it back, germany alone is owed 1000trillion, amounts where you get stuck on how many 0 to put on. The end result will be a slow return, or break up. Compared to europe, our guv has done very substantial efforts to mitigate a deep recession, this is where brexit is important, we are looking to trade with the new up and coming economies, that will boom, so we have the EU looking at a long slow recovery, v the new vibrant economies, who would you rather trade with, in the longer term ? And the people to thank for putting us in that position, are the treasury for supporting business, the schemes don't cover everything and everybody, but they look like they might succeed, EU has/not just agreed how to dispense the huge amounts, they have yet to borrow, to support EU businesses. If you want a truer picture of what is happening across europe, do NOT listen to the BBC, plenty of european news out there, on other news channels, you get a very different take on events, which are generally the same, on non related channels. Edit, the news from EU now, is they cant decide how to spend the money, each state has to give 'their' plans to help their economies, less than half have done so, huge criticism over the lack of plans, by the commission, on how, where, and effective oversight, no concrete ideas in place, except, a new committee to discus the problem. The next problem already admitted, how can they 'lend' money to the poorer countries, who are basically already on life support, to increase their debt, which is highly unlikely to be repaid. Serious financial figures, esp in germany, are saying the euro does not fit all the countries using it. Macron, in an interview 12 months ago, admitted the french would vote to leave, in an in/out referendum, his answer was to form tighter unity, or United States of Europe, with a central guv controlling all things. Cant remember hearing that on the BBC. [/QUOTE]
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