(July 2, 2016 at 5:27 am)Napoléon Wrote: The EU has a habit of turning 1st world countries into 3rd world countries. Greece, Italy, Spain etc.
Do you actually think before typing? Or try to have an informed opinion?
First, calling Italy, Greece or Spain third world countries is a bit of a stretch, and that's putting it mildly. Secondly, what Italy has in common, with the others is beyond me in terms of economics. Italy is doing pretty well right now, after they did away with Berlusconi.
Third, Greece resorted to forgery when joining the Euro zone. They weren't in any way, shape or form ready to take that step and didn't meet the requirements. Apart from the fact that the biggest earners, the ship owners, are still tax exempt, which certainly doesn't help matters. And apart from the fact that Greece still supports and supplies one of the biggest armies in Europe.
These are all homemade problems. The EU had nothing to do with that domestic clusterfuck. What's up for debate are the austerity measures, which hurt the common population the most. But they are only a reaction to preexisting problems. Probably the wrong reaction, but that's as far as EU involvement goes. If the EU hadn't pumped money in, they would already declared bankrupcy, since they couldn't pay their bills anymore.
It's also about forggetting 2008 and the ensuing problems. From which the economy still hasn't recovered.
In short, the lower orifice is never the best to analyse matters.