the sooner you understand the ECB doesnt know what the fuck they're doing, and that the european banks are, by and large, still under high leverage, the sooner you'll start to understand that it is indeed happening. It has been happening since 2011 non-stop, it was extended and pretended for a long time.
>>1087671 >ECB doesnt know what the fuck they're doing I think they do. They're just entirely doomed to failure by the bank's nature.
You cannot have a single monetary policy for a bunch of countries with independent fiscal policies. I really hope the EU fails at this point because otherwise they're going to be dragging the rest of the world down for decades to come.
>>1088097 Yeah the EU has been fucking the whole world up for at least a decade. Now they want everyone to be cucked into Islam like them, too. And Bernie Sanders runs around "OY WE SHUD BE MOAR LIKE EUROPE GOYIM"
>>1088182 >fiscal policies of certain European countries have nothing to do with the EU
Why you interpreted that as "European countries have nothing to do with the EU" is honestly beyond me, m80. The EU only has the loosest of guidelines for deficits which nobody follows anyway. They don't affect fiscal policies, which is the whole reason why it's a failure.
>>1088204 The reason is you can't separate fiscal and social issues. You can't tell a country they have to meet certain criteria to maintain member status and have that not effect their fiscal policies. Europe is a wreck
>>1088213 >tell a country they have to meet certain criteria to maintain member status That isn't true, though. Any such guidelines are completely non-binding and even if htey were, it would be a complete bluff because none of the prominent EU countries would actually kick anyone else out.
But yeah. It is a mess. The Eurozone needs to die.
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