I am not sure whether the Grexit will be the “wake up call” that the EU and its 2 remaining power house members need to deal with the massive threats it faces from within, in terms of debt, unemployment and people movement, rather than "band aid " measures.
The assumption of the EU bureaucrats had been that if one country had youth or adult unemployment , those out of work could move to another member state and get a job, superimpose illegal immigration on this and people movement becomes a problem that the actual people of the stronger countries start to object to. Its not necessarily a racist thing. Its just the volumes of prospective movements and the responsibilities that a member state has to provide all the modern socialist benefits for these new people, quite often at the expense of those who have paid taxes for years.
Looking to endless debt fueled economic growth to solve Europes problems is not going to work. Growth cannot and will not go on for ever.
The EU bureaucrats will have to make some big “cuts” and that is something bureaucrats do not like at all.
Italy got so badly reamed up the ■■■■ when they switched to Euro. According rellos, their money halved in value. They have €700 a month minimum wage, with petrol costing €1.50 a litre. I have relatives who are happy because they found a job that pays €5 an hour! They weren’t great before Euro, but they were not this bad…
Where about are your relos? Here is was whinging about a 15% service charge (which I’m still angry about BTW) which worked out to be about one hour of your relos wage.
I’m heading to Calabria in a week’s time, will be interesting to hear what they say about the EU.
My rellos are from south to north, my partner is also Roman (hence me spending time there). He used to work around 80 hours a week for that €700. A lot of people will do a “stage” (i.e. work for free), because they’re desperate for something on the CV. If you don’t have parents with money, well you’ve got no hope. The Euro is a shocking thing and Italy, Greece and whoever else were robbed. I don’t know ■■■■ about business or economy, but it doesn’t take an idiot to realise one currency does not fit all. I wear the tin-foil hat, daylight robbery it is.
But isnt the EU all about the elites in Brussels ? The just need to keep everyone in Europe under control and they can collect their €€€€€ pay and their €€€€€€€ pension. They run Europe, but because they are bureaucrats they only have to obey the Germans, and paper the cracks. They cannot be sacked. Of course now that Britain said FU Europe, they are getting just a bit worried because printing money / issuing bonds to banks doesnt stop that kind of rot.