ollie989898
Member
If you held a referendum in Italy today they would vote out. They are sick of it, the Greeks are too.
Eastern Europe refusing to take any more migrants.
Eastern Europe refusing to take any more migrants.
Italexit
- Thread starter bluegreen
- Start date
TelesnaAg
Member
- Location
- Portland, Victoria - Australia
Why is it the leaders of the countries where the migrants are fleeing never come under scruitiny? Except for kadafi...you can thank hillary and obama for the Lybian influx..
Ant...
Ant...
what ever happened to the eu nations speaking with one voice?
https://www.moneycontrol.com/news/w...clash-as-migration-rows-split-eu-2620101.html
https://www.moneycontrol.com/news/w...clash-as-migration-rows-split-eu-2620101.html
will the whole thing become meaningless
italys leaders so enthusiastic concerning the eu
https://www.thelocal.it/20180622/italy-doubles-down-on-anti-migrant-stance-ahead-of-eu-summit
italys leaders so enthusiastic concerning the eu
https://www.thelocal.it/20180622/italy-doubles-down-on-anti-migrant-stance-ahead-of-eu-summit
ollie989898
Member
The Italian coalition are talking about massive tax cuts and huge spending rises. They will be out of the Euro within 10 years you wait and see.
Hindsight
Member
- Location
- Lincolnshire
Is I that easy to leave the EURO? I am not up on any of this but welcome comments. Let me put a scenario - the likely scenario? Italian government moves towards leaving the Euro. This starts to look serious intent. The average Joe starts to say to himself - hey if this occurs I will end up with Lira that I do not know will have any value. So the average Joe says I have some savings - lets say just a few thousand - as it is Euro I can deposit it in any Euro country - let me open a deposit account in Germany and move my savings to Germany. Am sure you guys will come back to say that does not work. SO am in in muddle - as assume unless the Italian government leaves Euro overnight without telling anyone in advance (is that possible) or passes some currency law to prevent Italian Euros leaving the country (how would they do that with a single multi country currency) then any move to leaving Euro will lead to devaluation of a 'shadow' Lira and international interest rate rises rapidly and to unacceptable levels - thus the government would collapse. This I just cannot see how any country can leave the Euro?
wanton dwarf
Member
All of what you say could happen with any currency at any time - but it tends not to except for basket case currencies.
The central bank will raise funds in Lira .. which it could raise to itself as the UK did circa 2008 for a few years .. interest gets paid to itself and it's not proven to be inflationary.
Of course the Euro NEEDS the Southern EU countries to devalue the Euro otherwise Germany will be back with the super strong Deutchmark Euro which impedes exports.
In other words Italy should do quite well .. especially if they open their markets to Russia as is their intention.
RobFZS
Member
It'll be a massive fudge like brexit will be eventually, Government collapses in Italy is no big thing really , they're used to it
Maybe Italy will be cheaper to go on Holiday to if they leave the Euro
ollie989898
Member
You can't have a currency whose value is artificially sustained by someone else's economy.
I do not see why there is such confusion over this. The only country who actually benefit from the fudging currency are the Germans who have an artificially weak currency which suits their export driven manufacturing industry. France meanwhile is made up mostly of solidly socialist and backward industries who benefit from being inside the EU circus. Belgium and Holland are little different in that they are basically uncompetitive on the world stage. The PIGS are only in the club because their weaker economies restrain any value gain in the Euro yet their currency is worth more than their economies would actually suggest. They would all benefit from reverting to their own currencies as they could attract more tourism income which is one of their biggest earners.
I do not see why there is such confusion over this. The only country who actually benefit from the fudging currency are the Germans who have an artificially weak currency which suits their export driven manufacturing industry. France meanwhile is made up mostly of solidly socialist and backward industries who benefit from being inside the EU circus. Belgium and Holland are little different in that they are basically uncompetitive on the world stage. The PIGS are only in the club because their weaker economies restrain any value gain in the Euro yet their currency is worth more than their economies would actually suggest. They would all benefit from reverting to their own currencies as they could attract more tourism income which is one of their biggest earners.
will we now see eurocrats erecting concentration camps?
https://www.rt.com/op-ed/430820-eu-migration-crisis-merkel/
https://www.rt.com/op-ed/430820-eu-migration-crisis-merkel/
they just keep winning
https://www.thelocal.it/20180625/ce...-fortresses-of-the-left-in-regional-elections
https://www.thelocal.it/20180625/ce...-fortresses-of-the-left-in-regional-elections
You can’t have an economy never mind a currency when your big companies take themselves, the employment they provide, the money they invest and the corporation tax they pay, off to another country, ‘caus the entire country has gone insane!
Airbus, BMW, Ferrovial, to name but a few who have made their positions quite clear in the past couple of days alone. There are many, many more to follow.
Media in ROI reporting today that 21 British financial and legal services (includes Moggs operation) have now registered in Ireland are in the process of setting up here to protect their EU business!!
Meanwhile BoJo fugges off to Kabul to escape delivering on a solemn promise to his constituents on Heathrow airport expansion.
Meanwhile chairman of leave vote fugges off to live in France.
Meanwhile reports that Farage, conspired with hedge funds (friends) to short sterling on the night of the referendum count to make millions.
Airbus, BMW, Ferrovial, to name but a few who have made their positions quite clear in the past couple of days alone. There are many, many more to follow.
Media in ROI reporting today that 21 British financial and legal services (includes Moggs operation) have now registered in Ireland are in the process of setting up here to protect their EU business!!
Meanwhile BoJo fugges off to Kabul to escape delivering on a solemn promise to his constituents on Heathrow airport expansion.
Meanwhile chairman of leave vote fugges off to live in France.
Meanwhile reports that Farage, conspired with hedge funds (friends) to short sterling on the night of the referendum count to make millions.
ollie989898
Member
they just keep winning
https://www.thelocal.it/20180625/ce...-fortresses-of-the-left-in-regional-elections
As I have enunciated before and at length- the rise of these more right wing, often single issue political movements is being fuelled by the insistence of the EU to drive through undemocratic ideals that are simply not shared across the entirety of Europe. It is relatively easy, for an EU plutocrat to declare: 'countries X and Y should take in migrants', but in reality, in places like Greece, where unemployment is near 20% depending on whose statistics you care to believe, the populace are hardly likely to be open to the suggestion that their country should do anything for anyone other than actual Greeks.
Again, I would like to know what those in favour of freedom of movement and the like suggest, how much of the African continent are you prepared to accept as 'migrants' or 'refugees'?
ollie989898
Member
Again, I would remind all contributors that businesses will do whatever the hell they think will benefit them and their aims. They categorically have no reason to favour any particular country, currency or populace as they are governed entirely by their shareholders.
As a result they are in fact apolitical, cannot be voted for and cannot be counted upon to do anything for the British people whatsoever, so it is pointless voting in any way which may benefit them. They will never extend you the same courtesy.
meanwhile a man from cork brings 600 financial jobs to brexit land
if the entire country is insane he must be a monster raving looney
https://www.bbc.co.uk/news/uk-northern-ireland-44611188
wanton dwarf
Member
Share holders do very little though and the main share holders of large companies are pension funds who don't really care other than a return AND are required by law to invest in large companies.
Trump has it right though .. Tariffs will bend board room minds.
Tomorrow will be the day the populists in Germany eat humble pie and back down on their latest migrant tantrum. Merkel, undoubtedly the true “statesperson”, of the modern era, will once again prove her metal in a time of lowest common denominator, gutter lying, cheap, facist, nasty, populist clap trap.
https://www.bloombergquint.com/poli...aries-face-ultimatum-to-back-down-on-migrants
https://www.bloombergquint.com/poli...aries-face-ultimatum-to-back-down-on-migrants
And she will be destroyed at the next election Then you will have some real nice people in charge
ollie989898
Member
Shareholders are shareholders, if you don't do what they want, you are screwed.