The Brexit Consequences Thread

[gaijin]

Can't afford food huh. How are they all still alive then?

They all live with their parents

Italian woman wins court case to evict her two sons, aged 40 and 42

The bamboccioni (big babies) refused to fly nest and ‘did not contribute’ – in country where most under-35s still live with parents

www.theguardian.com

 

[cernunnos]

They all live with their parents

Italian woman wins court case to evict her two sons, aged 40 and 42

The bamboccioni (big babies) refused to fly nest and ‘did not contribute’ – in country where most under-35s still live with parents

www.theguardian.com

Ermmm…I wouldn’t read too much into that. Italy has an extended family culture so it’s quite reasonable to live with your parents. The two lads in court forgot that it is about contributing and supporting the family, not parasitism!

 

[cernunnos]

4 Facts About Hunger in Italy - The Borgen Project

Italy struggles to feed its citizens as more than 1.5 million people lack enough food each day. Here are four facts about hunger in Italy.

borgenproject.org

 

[gaijin]

Ermmm…I wouldn’t read too much into that. Italy has an extended family culture so it’s quite reasonable to live with your parents. The two lads in court forgot that it is about contributing and supporting the family, not parasitism!

I know, its even in the article

 

[exbluejob]

4 Facts About Hunger in Italy - The Borgen Project

Italy struggles to feed its citizens as more than 1.5 million people lack enough food each day. Here are four facts about hunger in Italy.

borgenproject.org

If they lacked enough food every day they'd be dead.

 

[lecky]

Not only Brussels causes people to scratch their heads, the European Central Bank with it's quantitative easing with low and even negative interest base rates brought many banks to the brink of collapse. After a recent series of rate rises the banks can breath easier and are finally making a few bob with their natural reticence in passing the rate rises on to savings accounts.

In their latest meeting the ECB found they had no need to adjust the interest rates just now so they decided to twiddle with something else. All European Banks have a minimum reserve, security funds deposited with the ECB which attract no interest. Currently this is set at 1% of the Bank's trading value and has been for years. They have decided that 10% is a much nicer sum to demand from banks already on the ropes.

With many firms suffering cash flow collapse, in the current climate these additional costs to the banks could cause a shortage of available credit and those costs will inevitably end up with the customer.

Is that all Europen Banks, or is it those with a Headquarters in the EU?
Just asking as the timing of this, might not be just a coincidence?

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edition.cnn.com

 

[cernunnos]

If they lacked enough food every day they'd be dead.

Ethiopia it aint!

U VdL „Let them eat takeaways!“

 

[LeoRoverman]

Is that all Europen Banks, or is it those with a Headquarters in the EU?
Just asking as the timing of this, might not be just a coincidence?

Loading...

edition.cnn.com

Interesting question, but it was imposed by the BG in the wake of the crash. However somethings afoot. I can’t remember if it was the eye or up thread, it seems the ECB is going to require banks to hold liquidity of 10% instead of 1%. I suspect this is a scare tactic in that some European banks will be taken over. Why do BNP and DB feature uppermost in my thoughts? The ECB doesn’t want to increase interest rates

 

[Burnham]

Interesting question, but it was imposed by the BG in the wake of the crash. However somethings afoot. I can’t remember if it was the eye or up thread, it seems the ECB is going to require banks to hold liquidity of 10% instead of 1%. I suspect this is a scare tactic in that some European banks will be taken over. Why do BNP and DB feature uppermost in my thoughts? The ECB doesn’t want to increase interest rates

Further up the thread: The Brexit Consequences Thread

 

[JAD]

4 Facts About Hunger in Italy - The Borgen Project

Italy struggles to feed its citizens as more than 1.5 million people lack enough food each day. Here are four facts about hunger in Italy.

borgenproject.org

I’ve just heard an advert on the radio that Tesco (other supermarkets are available) are selling spaghetti for 29p a 500g pack.
Brexit busting

 

[harrythebastard]

Why do BNP and DB feature uppermost in my thoughts? The ECB doesn’t want to increase interest rates

Greece all those years ago?

 

[cernunnos]

Is that all Europen Banks, or is it those with a Headquarters in the EU?
Just asking as the timing of this, might not be just a coincidence?

Loading...

edition.cnn.com

They can only boss Eurozone banks about, I’m not sure about dependencies or states which have simply adopted the Euro (Kosovo & Montenegro) All EU states are obliged to join eventually except Denmark.

 

[cernunnos]

I’ve just heard an advert on the radio that Tesco (other supermarkets are available) are selling spaghetti for 29p a 500g pack.
Brexit busting

Cheapest here is €0.79. No wonder people are risking the crossing!

 

[lokiuk]

They can only boss Eurozone banks about, I’m not sure about dependencies or states which have simply adopted the Euro (Kosovo & Montenegro) All EU states are obliged to join eventually except Denmark.

Denmark still pay the Danegeld to be in the EU though, which is ironic

 

[cernunnos]

Denmark still pay the Danegeld to be in the EU though, which is ironic

If you cast your mind back to the introduction of the Euro the narrative was that States that stayed out risked being left behind. Fiscal backwaters stagnating in the shadow of the Euro so to speak. Odd that the opposite seems to be true.