Just not going to happen.
Just ask yourselves how many years large parts of the British media spoke about Greece and a return to the Drachma and that's not even close to happening.

I'm always bemused at the amount of people don't get there is no appetite for this.

Illegal under eu law I might add

So why is the EU doing so terribly just now then?

Is it though? There was a worldwide recession in 2009 from which we're all recovering.

Copied this from somewhere.



By almost every measure, Europe is the richest and most economically successful place on earth. As well as more importantly having the best standard of living for all citizens, with the best access to healthcare and education for all.

Their slogans about the "failing eu" that's apparently about to collapse are an angry little englishmans foreigner hating fantasy.

I think I'd have to agree TBH.

Anyone following the British media over the last few years will have been told the following:
Greece is returning to the Drachma and leaving the euro. Still waiting.
The Euro collapse is imminent. Still waiting.
The EU collapse is imminent. Still waiting.
Italy is on the verge. Still waiting.
France is ready to rock the EU. Still waiting.
Merkel is on the verge of being dethroned. Still waiting.
Podemos will rock Spain and the EU. Still waiting,
Syriza to rock Greece and the EU when Tsipras gets elected. What a damp squib that turned out to be.
The list is endless.

An example of this mad crazy British media which gets mocked and ridiculed so much on twitter by European journalists.

Below a headline from the 29th of October.
Of course it did not happen.
Merkel to be replaced within a week': Shock political alliance could see chancellor BOOTED | World | News | Daily Express

http://www.express.co.uk/news/world/...ncellor-BOOTED


Now a headline today from the same paper.
It is just comical stuff.
Angela Merkel's political career OVER as party overtaken by right-wing AfD in popularity - Daily Express

http://www.express.co.uk/news/world/...lor-right-wing

A few predicted that Ireland would get a whopping bill when its property bubble burst. For years we were 'still waiting', till it happened.
The EU is applying sticker plaster to one problem after another, and unless it comes up with a workable strategy there is going to a catastrophe, even though it may take some years to occur.

For sure but all of this is coming off the back of a global financial crash (which didn't even originate in Europe). Even if the EU didn't even exist, Europe would have been hit really hard by the global recession and would have seen years of austerity and unemployment. The implication from some seems to be that the EU itself is the problem and the cause of the recession when that is palpably not true.

Not.. exactly. Draghi's OK'd it. Italians. They like family..

To a large degree, it is the problem. So the 'global financial crisis' was caused by a bunch of banks competing to lend money to people who had no chance of ever paying it back. Central banks, and the ECB have simply joined in via QE and lending money to banks that should have gone bankrupt. So basically regulatory failure, and possibly some national pride not wanting the world's oldest bank to go the way of a boo.com

Let's assume that Farage gets his wish and the EU is destroyed, goes through years of recession but recovers eventually. The 28 individual member states would still be prone to financial crashes and years of austerity in the the future.

If the UK goes through a severe recession in five or ten or fifteen years' time post-Brexit, does this mean it is a busted flush and a "failed entity" with no future, a house of cards on the verge of collapse? According to Farage's narrative, it would be.

As usual, that's a very pessimistic outlook. One of the problems with the Eurozone is that those member states have far less control over their fiscal policy and have to float or sink with the Euro's performance. Individually, they'd have more control over their currency and more ability to use policy levers to protect themselves. So with the Italian crisis, banks have failed their stress tests. Locally, the banks may present a plan to correct that, and the Italian government could OK it rather than hoping the EU would permit it.


Sure it would. We may go back to the '70s with high spending, high inflation and having to ask the IMF for help-

http://bilbo.economicoutlook.net/blog/?p=24575

But if that happened, then it'd be our fault. And with current policy of low interest rates, we're heading that way anyway with a combined debt bubble, low savings and rising costs.

It's still illegal no matter if he OKs it

I don't think the EU thinks like that - certainly not when it suits them not to.

This is one of the reasons the UK politicians and Civil Servants has been so bad at operating within the EU - we thought that the rules mattered and not just when it suited us.

About time Ireland got back to the Punt!

The whole Euro currency thing was a disaster from the start, trying to get economies as diverse as Germany & Italy to pretend they were all on a level playing field was never going to end well. Thank God the UK stayed the hell out of it.

You are probably correct, but its awful that the people of Greece have been crucified on the altar of the Euro.
Even Italy and Spain have done badly with very high unemployment particularly among the young.

The EU needs to change and adapt if it's to survive. Unbending rigidity will be its downfall.

Im'e still waiting as well, and yes, the list of potentially destabilising occurrences is endless. We all know the end is coming its just a matter of when and what single event will send the whole shambles super-critical. You will almost certainly find that when one of the above occurs for real and it most certainly will, then the 'domino' effect will take over and the other events will take place (and much more) in quick succession.

If the EU, Single Market and Eurozone was causing recessions and generally keeping countries in dire straits, it would have gone out of business many years ago - it has only ever been a voluntary club or union after all.

How it responds to recessions or global downturns is an entirely different matter and it can certainly be heavily criticised on that score but to say that the EU is causing these recessions to happen would be nonsense. If we take Italy for example, the place has been politically volatile and unstable for many decades which is why there is no mass movement there to take Italy out of the EU, the public know full well that most of the problems are domestic in origin. The issue of fiscal control and membership of the Eurozone is only one among many issues at play.

Wow, how specific. And a google search of your quote only turns up this thread. I think we can put it down to your echo chamber, then. Unless of course it was tweeted by HR Guru's mate

Sorry - I couldn't be more specific - I think it was something that was posted on a FB page.

Can't see it's anything to get your knickers in a twist about. Did you find it uncomfortable reading or something?

I'm flattered that you chose to Google something that lil ole me posted