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What now for the EU ?

Meanwhile back on Planet Europe.



So:
  1. The EU has upped their budget even further for 2021 to 2017 despite the second biggest contributor to that budget sailing off into the sunset.
  2. The EU, by giving itself the power borrow on the markets, has granted itself access to the magic money tree.
The end result is not too difficult to predict:
  1. The member states are providing ever more funds for the EU to use to bribe/coerce member states into moves towards 'more Europe' - and giving up ever more of their sovereignty.
  2. The EU will now act like Greece on steroids as it gets ever more addicted to the magic money tree.
What on earth could go wrong with such masterly planning?

Wordsmith

straight of the mafia playbook, lend money to buy favours, then when the business owner owes enough, demand favours, Avd when he can no longer pay, take over his business.
 
Meanwhile back on Planet Europe.



So:
  1. The EU has upped their budget even further for 2021 to 2017 despite the second biggest contributor to that budget sailing off into the sunset.
  2. The EU, by giving itself the power borrow on the markets, has granted itself access to the magic money tree.
The end result is not too difficult to predict:
  1. The member states are providing ever more funds for the EU to use to bribe/coerce member states into moves towards 'more Europe' - and giving up ever more of their sovereignty.
  2. The EU will now act like Greece on steroids as it gets ever more addicted to the magic money tree.
What on earth could go wrong with such masterly planning?

Wordsmith
Erm even stranger, why is it the commission and not the ECB?
 

philc

LE
Meanwhile back on Planet Europe.



So:
  1. The EU has upped their budget even further for 2021 to 2017 despite the second biggest contributor to that budget sailing off into the sunset.
  2. The EU, by giving itself the power borrow on the markets, has granted itself access to the magic money tree.
The end result is not too difficult to predict:
  1. The member states are providing ever more funds for the EU to use to bribe/coerce member states into moves towards 'more Europe' - and giving up ever more of their sovereignty.
  2. The EU will now act like Greece on steroids as it gets ever more addicted to the magic money tree.
What on earth could go wrong with such masterly planning?

Wordsmith

Well the first thing Italy is going to do with EU relaxed spending rules and future Corona virus funds is to er strong arm the Benetton Family to give up their Motorway Business to the State. Not invest in hospitals or clinics but take on a crumbling massive Motorway systems badly in need of repair & investment.

This has upset investors which are German, Chinese and small investors plus the small problem of a 10 Billion debt. The final sum to get the whole system updated, repaired and all parties paid off, who knows. What I do know the cost will be passed on to the users, who already pay the highest toll charges in Europe.

A wise use of EU funds, I can see Italy receiving very little after and being squeezed for it.

 

Matelot Spy

Clanker
Italy and Spain just can't stop breaking records.

Target2.png
 

Wordsmith

LE
Book Reviewer
Well the first thing Italy is going to do with EU relaxed spending rules and future Corona virus funds is to er strong arm the Benetton Family to give up their Motorway Business to the State. Not invest in hospitals or clinics but take on a crumbling massive Motorway systems badly in need of repair & investment.

This has upset investors which are German, Chinese and small investors plus the small problem of a 10 Billion debt. The final sum to get the whole system updated, repaired and all parties paid off, who knows. What I do know the cost will be passed on to the users, who already pay the highest toll charges in Europe.

A wise use of EU funds, I can see Italy receiving very little after and being squeezed for it.


Italy has yet to see a eurocent of EU funds - which come with multiple strings attached. Namely, you have to agree austerity restructuring measures with the EU before receiving funds. The funds are then released in tranches - with the EU retaining the right to stop paying out the funds if Italy is perceived as backsliding on the commitments it has to make to get the funds.

Having to put EU dictated austerity restructuring in place is going to be immensely unpopular in Italy - and potential electoral suicide for any party in the governing coalition. So I suspect the coalition will break down later this year/early next as the parties involved each try to land the other with the blame for unpopular measures. That's the problem with PR - parties form coalitions, then dump them if they scent electoral advantage.

Until August 2019, the governing coalition was an unlikely alliance between the left wing 5 Star movement and the right wing Northern League. Then the Northern League jumped ship in an attempt to force a GE as it was riding high in the polls. But 5 Star formed a coalition with the centre-left Democratic party - until then a sworn enemy. And the two have been in power for about a year.

But as soon as the EU starts putting pressure on Italy for austerity budget cutbacks, expect either 5 Star or the Democratic party to jump ship, leaving Italy without a government - and in the midst of a worsening financial crisis.

Last time round, during the Lehman Recession, the EU essentially imposed a 'government of technocrats' on Italy. But then Italy wasn't so deep in the smeg and the two anti-establishment parties (5 Star and the Northern League) were far lower in the polls. A repeat of the 'government of technocrats' and EU imposed cutbacks is likely to see the popularity of those parties rise and either a 5 Star or Northern League anti-EU government in place in Italy if there's a GE.

The Titanic is on course towards the iceberg.

Wordsmith
 
Hang on. 3 Parties of whom 1 is Walloon and 2 are Flemish form the Government with 9 opposition parties split 4 Flemish/4 Walloon and 1 Communist party........

Seems perfectly sensible said no one ever


If Amazing Lobster and Brotherton Lad form a coalition, they could split the vote with a Balloon and Icecream Party........
 

Grownup_Rafbrat

LE
Book Reviewer

This short set of tweets deals with a "deeply unsexy" subject to do with licensing of chemicals. I'm vaguely aware of it through former colleagues.

It looks like exactly the sort of thing remainers were uneasy about.

Have any Brexitty people got an alternative take? I suspect the journalist is a bit of a pro-remainificationist.
 

Tyk

LE
It's like you know your fantasy has gone tits up but you daren't admit it.

It's comical to see you posting that as it's EXACTLY what people think of you. You're in a fantasy remainer land and you're too cowardly to admit that your "it was all a joke" line hasn't been bought by anyone.
 
It's comical to see you posting that as it's EXACTLY what people think of you. You're in a fantasy remainer land and you're too cowardly to admit that your "it was all a joke" line hasn't been bought by anyone.
Too recent for him to remember... had he said it a few years ago it would be within his recall but sadly, short term memory is always the first to go.

Talk to him about things that happened a couple or three decades ago... you may get some lucidity from him.
 

Truxx

LE

This short set of tweets deals with a "deeply unsexy" subject to do with licensing of chemicals. I'm vaguely aware of it through former colleagues.

It looks like exactly the sort of thing remainers were uneasy about.

Have any Brexitty people got an alternative take? I suspect the journalist is a bit of a pro-remainificationist.
Many agricultural chemicals pre-date eu regs.

Many are simply not used any more as stuff becomes more organic.

We used to do this sort of thing all the time - BSI did it.
 
Many agricultural chemicals pre-date eu regs.

Many are simply not used any more as stuff becomes more organic.

We used to do this sort of thing all the time - BSI did it.

Yeah... and, about the UK REACH and the duplication of costs, effect on market access and supply chain...?
 

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