Europe in Crisis

[coinpr0n]

More austerity, more selling off of countries' properties to global cartels ... I think there is still a long ways to go until we see a full-on collapse of Europe. It seems to be done in stages, stripping one country at a time of it's independence.

[Scream]

EU reaches $3bn deal with Turkey to curb refugee crisis
Ankara promised cash and closer ties with EU in return for handling the flow of refugees into Europe on its territory.
http://www.aljazeera.com/news/2015/11/eu-seeks-deal-turkey-curb-refugee-crisis-151129152134803.html

what do you think about this friend ?

[bitcoinstudent19212]

EU reaches $3bn deal with Turkey to curb refugee crisis

Just another way in which the EU is going down the wrong track. Seems like a desperate political move from an unelected commission trying to solve the refugee problem. Not sure how they think they can combat it better by opening up the borders to more people?

[Mickeyb]

I don't think EU will crash. Does EU have many problems, yes it does. But which big country doesn't have them, the whole world is pretty much in crisis! US, China, Brazil, Russia, etc, all of these countries have huge problems just like EU does.

EU has made a mistake that it was growing to fast and countries were accepted that were never ready for EU! EU can maybe shrink to the 8-9 biggest and stronger members, but it will not collapse completely!

Europe is not a country, they made the euro so they could be a union. One of the biggest problems that they have is Greece, that country alone puts the Euro in a lot of debt and problems for every single country in the EU

Greece is not the only one. Portugal, Italy, Ireland and Spain are in a very bad shape. That's why if the things really end up going south, I think that one of the solutions would be to keep the biggest economic power countries in the EU while the others would drop out of the union.

Second solution is that everything falls apart. I don't really see the third one!

[johnyj]

If they talk about crisis and thought it will be a crash in the price of something, that would never happen when Euro can be printed at will to support the price of anything, like what happened in US, you just need to print 5x more money to deal with a large sell-off of house

So, as long as people believe in Euro's value, there will be no crash of anything's price.

However, a crash might come from the value of Euro itself, e.g. everything's price goes up 10 times every month, but that will be triggered by a confidence collapse of Euro, which most of the european people regard as the most trustworthy currency, so it will not happen in near future. Just look at Greece, they even sacrifice freedom and take strict austerity measure to make sure they can borrow Euro, so in their eyes Euro is the king, and this king can be created at will by ECB

What might trigger the people's confidence collapse of Euro or Dollar might be a stronger competing currency like bitcoin, so I guess FED/ECB will try hard to keep bitcoin as an investment vehicle, not widely used currency, similar to what China is doing right now

[CryptoBjorn]

Maybe now Europa is in crisis, but I bet over a few years than the economy will be good like other years.

As long Bitcoin is increasing I don't mind.

[pedrog]

I don't think EU will crash. Does EU have many problems, yes it does. But which big country doesn't have them, the whole world is pretty much in crisis! US, China, Brazil, Russia, etc, all of these countries have huge problems just like EU does.

EU has made a mistake that it was growing to fast and countries were accepted that were never ready for EU! EU can maybe shrink to the 8-9 biggest and stronger members, but it will not collapse completely!

Europe is not a country, they made the euro so they could be a union. One of the biggest problems that they have is Greece, that country alone puts the Euro in a lot of debt and problems for every single country in the EU

Greece is not the only one. Portugal, Italy, Ireland and Spain are in a very bad shape. That's why if the things really end up going south, I think that one of the solutions would be to keep the biggest economic power countries in the EU while the others would drop out of the union.

Second solution is that everything falls apart. I don't really see the third one!

Was there ever a time when there was no 'crisis'?

[USB-S]

I don't think EU will crash. Does EU have many problems, yes it does. But which big country doesn't have them, the whole world is pretty much in crisis! US, China, Brazil, Russia, etc, all of these countries have huge problems just like EU does.

EU has made a mistake that it was growing to fast and countries were accepted that were never ready for EU! EU can maybe shrink to the 8-9 biggest and stronger members, but it will not collapse completely!

Europe is not a country, they made the euro so they could be a union. One of the biggest problems that they have is Greece, that country alone puts the Euro in a lot of debt and problems for every single country in the EU

Greece is not the only one. Portugal, Italy, Ireland and Spain are in a very bad shape. That's why if the things really end up going south, I think that one of the solutions would be to keep the biggest economic power countries in the EU while the others would drop out of the union.

Second solution is that everything falls apart. I don't really see the third one!

Was there ever a time when there was no 'crisis'?

Everything is blown bigger than it actually is. But if you'd see the how many of them there actually are.
I don't really complain because I've personally never seen a refugee with my own eyes. Most likely because our nation isn't so polite with the refugees, meaning the social benefits aren't that great. But there are people who live in villages with 100+ population, and they want to place ten times as many refugees there, just because they have nowhere else to put them.

somewhat funny video about a villager trying to confront the Minister of Immigration in her own way. But in reality I get it why she is worrying that much to put on a show.
https://www.youtube.com/watch?v=xQWnhQ0Ksyo

Somewhat sadder video about the extent of this problem.
https://www.youtube.com/watch?v=44vzMNG2fZc

Like I've said, I have not personally seen a refugee with my own eyes. I don't have a problem with the refugees. But in 10-20 years time I guess I'm going to deal with immigrants on a daily basis.

[CyberKuro]

it may be only temporary, it may be influenced by several factors, the increase in unemployment or too many dollars spread so make terjadiya economic crisis in Europe, or maybe the problems of other countries

[pedrog]

Everything is blown bigger than it actually is. But if you'd see the how many of them there actually are.
I don't really complain because I've personally never seen a refugee with my own eyes. Most likely because our nation isn't so polite with the refugees, meaning the social benefits aren't that great. But there are people who live in villages with 100+ population, and they want to place ten times as many refugees there, just because they have nowhere else to put them.

somewhat funny video about a villager trying to confront the Minister of Immigration in her own way. But in reality I get it why she is worrying that much to put on a show.
https://www.youtube.com/watch?v=xQWnhQ0Ksyo

Somewhat sadder video about the extent of this problem.
https://www.youtube.com/watch?v=44vzMNG2fZc

Like I've said, I have not personally seen a refugee with my own eyes. I don't have a problem with the refugees. But in 10-20 years time I guess I'm going to deal with immigrants on a daily basis.

Well, USA and EU fucked up the entire region, now we see the consequences, mostly in Europe.

In WWII nobody wanted to receive Jews also and we all know how that went...

[USB-S]

Everything is blown bigger than it actually is. But if you'd see the how many of them there actually are.
I don't really complain because I've personally never seen a refugee with my own eyes. Most likely because our nation isn't so polite with the refugees, meaning the social benefits aren't that great. But there are people who live in villages with 100+ population, and they want to place ten times as many refugees there, just because they have nowhere else to put them.

somewhat funny video about a villager trying to confront the Minister of Immigration in her own way. But in reality I get it why she is worrying that much to put on a show.
https://www.youtube.com/watch?v=xQWnhQ0Ksyo

Somewhat sadder video about the extent of this problem.
https://www.youtube.com/watch?v=44vzMNG2fZc

Like I've said, I have not personally seen a refugee with my own eyes. I don't have a problem with the refugees. But in 10-20 years time I guess I'm going to deal with immigrants on a daily basis.

Well, USA and EU fucked up the entire region, now we see the consequences, mostly in Europe.

In WWII nobody wanted to receive Jews also and we all know how that went...

Only time will tell, what will exactly happen. We only have past records to speculate the future. The great Roman empire is a good example. I personally don't think we'll end up like the Romans did, but who knows.
It will take a few decades to integrate the new workforce to our economy, if that happens at all. That's the biggest problem we face in the future. I'd like to think that the refugees don't just eat the nations social benefits and contribute just as much as the rest of us. I however fear that a lot of companies don't like the unskilled, uneducated people with a language barrier.

[alva5763]

The problem with the idea of the euro is it did not take into account the economic strength of the original currencies eg the deutshmark was stronger than the drachma. Different countries had different interest and exchange rates. Now they are all the same so the weaker countries are causing economic problems eg the Greek bailout will only pay back previous loan and they will need another bailout in future.

[iv4n]

There is report  of independent european economist saying if EU zone will continue his financial policy EU will crash in 2017

Today  Carl Hainz Juncker said if Schengen will fail  Euro will  crash,like a answer is we have to stop defend Schengen we need to focus to defend Euro

Both Schengen zone and Euro  are to biggest EU project,Euro cant exist without Schengen

EU is not able to deal with refugee crisis,  Caltalonia  independence,terrorism,Ukraine and Russia,Greece,Italy

so looks like some crash on horizon

The EU has to thank the NATO and US for that mess I think. Also the entire global economic system is one big Ponzi scheme so what we can expect after Euro collapse.  We're in the beginning of the overall world not just economic collapse. It`s what I read and watch almost everywhere, Ukraine, Greece, Turkey, Emirats... When I try to predict outcome of all that I get a headache. I dont know who is smart enough to predict what can happen in near or far future.

You are too pessimstic. The EURO project was and is very succesfull. The mistake they made was they wanted to expand too fast and too soon.

In a doom scenario we will see some (poor) south european countries and a north european alliance with France and the UK will be preserved.

Else, the politic expansion, which is just rubbish (WTF has Turkey to do in the EU?) will come to an hold.

In a best case scenario greece, cyprus etc will be forced to leave since they don't meet the economic criteria to be a member of the EU + this expansion of adding new countries will be stopped.

In my opinion this is all for the best.

Maybe I`m pessimistic, but I`m not selfish like u. Tell me by your opinion for WHOM ALL IS THAT BEST what u talking about? And I dont wish to comment how Romania, Poland and and some other countries deserved to get in EU, and some other european countries didn`t get in.
I only agree with WTF will Turkey do in EU, but that only show what Brisel is doing and how much they care about EU citizens. Croatia come in Eu, Bulgaria also... If u tell me that Kosovo and Albania need to get in before Serbia then u reall dont know what u are talking about.

[knowhow]

Some countries as Portugal werent able to join euro ,since the debit of the country were above the rule they made to others countrys belong toUE.When euro arrived at Portugal removing the escudo,it were amazing and people havent the darkness of it,conversion rate were 1 euro 2xold coin.Soo what we were paying before we join were lets say a ruffles costing 100 escudos with euro we were paying 200 escudos,soo these double into prices just speed up the financial problems that the country are facing.

[vero]

Since Germany Deutsche Bank holds most of the $300 billion debt. it will be in a horrible position if Greece exits. $300 billion in itself in not a crippling blow for EU, but combine that with possible Spain, Italy, and France balking on their debt obligations, you have a perfect storm for the collapse of the EU. In my opinion Germany has to make big debt restructuring move to enable Greece to remain in EU. Greece on the other hand does not have to give an inch when it comes to NO austerity. Perhaps Greece can contribute some bail-in measures to keep Germany happy. There, a done deal... that should hold the EU together for the time being. With China sell off, what happens now in Europe can make or break US economy. Remember the collapse can happen in a flash... ALL BANKS CLOSED UNTIL FURTHER NOTICE. What to be smart and take your money out of the bank and retirement funds while you still have the chance.

[Snorek]

I think it is not that black and white.

To me if the Uk would distance them more from the EU it will be a bigger catastrophe.

The immigrants problem can be huge in the future though.

This crisis show us how inept and blind are political classes of EU. They know exactly that everything is leading to bad conclusion, but instead they decide to not taking any actions as silently watch how EU is going to be destroyed from the inside. Politicans like Jean-Claude Juncker or Tusk are muppets, every single one in high EU council are bureaucrats without slight idea how to act against real world dangers.

[knowhow]

I think it is not that black and white.

To me if the Uk would distance them more from the EU it will be a bigger catastrophe.

The immigrants problem can be huge in the future though.

This crisis show us how inept and blind are political classes of EU. They know exactly that everything is leading to bad conclusion, but instead they decide to not taking any actions as silently watch how EU is going to be destroyed from the inside. Politicans like Jean-Claude Juncker or Tusk are muppets, every single one in high EU council are bureaucrats without slight idea how to act against real world dangers.

One big thing is besides EU countrys there world stoped to grow almost.Bad management and the money that politicians gets to run the country is amazing  how they had done and made the country be where it is now ,facing a lot problems related to money in the past most of the countries with own currencie were better,soo these project is just making some ,Germany and France get something,Greece shows pretty well how the euro is vulnerable,and the pression to dont let them out is even amazing.Till when the EU will try to hide and keep countries that has big issues to fix instead to say hey i will loan you again a bit more ,soo readjust the way your country is being managed.

[WaterSupply]

I completely agree with this.

The EU is actually fighting for its survival, actually more the euro. It really was a bad idea from the start to adopt the Euro. The different countries of Europe have vastly different strengths and weaknesses. It was good that the UK held back on the Euro otherwise it too would be spending a lot of cash to support failing countries such as Greece.

Only time will tell how things will end, But it looks like it is Germany and France are in charge and the best position to benefit from this.

I think it is not that black and white.

To me if the Uk would distance them more from the EU it will be a bigger catastrophe.

The immigrants problem can be huge in the future though.

This crisis show us how inept and blind are political classes of EU. They know exactly that everything is leading to bad conclusion, but instead they decide to not taking any actions as silently watch how EU is going to be destroyed from the inside. Politicans like Jean-Claude Juncker or Tusk are muppets, every single one in high EU council are bureaucrats without slight idea how to act against real world dangers.

[Doamader]

European Central bank charges commercial banks 0.3% interest for depositing money with it. The reason for commercial banks depositing with Central bank is that those banks cannot find good place to earn interest. But ECB also continue large scale of QE, flushing the market with extra cash. This will devalue Euro.

[USB-S]

European Central bank charges commercial banks 0.3% interest for depositing money with it. The reason for commercial banks depositing with Central bank is that those banks cannot find good place to earn interest. But ECB also continue large scale of QE, flushing the market with extra cash. This will devalue Euro.

The whole monetary system is based on inflation which will devalue Euro. Some Swiss commercial banks have issued negative interest rates to large holders just to say we're pretty much fucked.