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Italy debt fears

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By *ostafun OP   Man
over a year ago

near ipswich

The eu is to take action over italy,s debt today seems their debt is 133% of gdp when the eu rules says it should be no more than 60%.What they going to do fine them.

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By *rMrsWestMidsCouple
over a year ago

Dudley


"The eu is to take action over italy,s debt today seems their debt is 133% of gdp when the eu rules says it should be no more than 60%.What they going to do fine them."

They are going to make them an offer they can't refuse!

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By (user no longer on site)
over a year ago


"The eu is to take action over italy,s debt today seems their debt is 133% of gdp when the eu rules says it should be no more than 60%.What they going to do fine them.

They are going to make them an offer they can't refuse! "

pmsl....

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By (user no longer on site)
over a year ago

one things for certain they will not kick them out

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By *ara JTV/TS
over a year ago

Bristol East

The Italiam PM appears ready to pull the plug on the populist coalition unless they stop their squabbling. Elections before the end of the year.

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By *ostafun OP   Man
over a year ago

near ipswich

I was joking about a fine but the bbc news reckons they could face an unprecedented fine of 2.6 billion euros,you couldn't make it up.

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By *abioMan
over a year ago

Newcastle and Gateshead


"The eu is to take action over italy,s debt today seems their debt is 133% of gdp when the eu rules says it should be no more than 60%.What they going to do fine them."

If they were to apply the rules strictly I wouldn’t be crowing so hard

The Uk have managed to get there’s down from 115%.... but at the moment the uk debt still stand at 83% of GDP... it was 85% last year

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By *ostafun OP   Man
over a year ago

near ipswich


"The eu is to take action over italy,s debt today seems their debt is 133% of gdp when the eu rules says it should be no more than 60%.What they going to do fine them.

If they were to apply the rules strictly I wouldn’t be crowing so hard

The Uk have managed to get there’s down from 115%.... but at the moment the uk debt still stand at 83% of GDP... it was 85% last year "
good job we are leaving then otherwise they would be wanting to fine us.

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By *ostafun OP   Man
over a year ago

near ipswich

for your information _abio i am not "crowing" i take no pleasure in the fact.That is a major misconception of remainers that all leavers wish ill will on Europeans when i couldnt be further from the truth.

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By (user no longer on site)
over a year ago


"for your information _abio i am not "crowing" i take no pleasure in the fact.That is a major misconception of remainers that all leavers wish ill will on Europeans when i couldnt be further from the truth."

You maybe not so but there's many that do on here.

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By *ostafun OP   Man
over a year ago

near ipswich


"The eu is to take action over italy,s debt today seems their debt is 133% of gdp when the eu rules says it should be no more than 60%.What they going to do fine them.

If they were to apply the rules strictly I wouldn’t be crowing so hard

The Uk have managed to get there’s down from 115%.... but at the moment the uk debt still stand at 83% of GDP... it was 85% last year "
So it turns out all this austerity we have been suffering has nothing to do with the tories its down to the EU and its rules.

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By (user no longer on site)
over a year ago

Typical brexiter taking pleasure in any problems the EU have.

Is this the beginning of the collapse of the EU these people salivate over daily .I doubt it.

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By *ostafun OP   Man
over a year ago

near ipswich

you should read my posts bob instead of making assumptions.

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By (user no longer on site)
over a year ago

[Removed by poster at 06/06/19 09:35:12]

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By (user no longer on site)
over a year ago

I made up my mind long ago.

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By *ostafun OP   Man
over a year ago

near ipswich


"I made up my mind long ago."
Thats the problem with single minded people.

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By (user no longer on site)
over a year ago


"I made up my mind long ago.Thats the problem with single minded people. "

I only say what I see fella and you all take pleasure in the suffering of the EU and have moaned daily about it for years in here.

I'm not alone in seeing this.Its standard modus operandi from the brexiters.

An "EU collapse is imminent" ,is repeated endlessly in here !!! Leaving has saved us from imminent destruction..

So have an enjoyable wank over Italy

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By *ostafun OP   Man
over a year ago

near ipswich


"I made up my mind long ago.Thats the problem with single minded people.

I only say what I see fella and you all take pleasure in the suffering of the EU and have moaned daily about it for years in here.

I'm not alone in seeing this.Its standard modus operandi from the brexiters.

An "EU collapse is imminent" ,is repeated endlessly in here !!! Leaving has saved us from imminent destruction..

So have an enjoyable wank over Italy

"
Not from me bob you really should take more notice,i have worked and lived with plenty of people from europe and find them just the same as people from the uk.Its the EU that i dont agree with, total waste of money just a big club for failed mps to make alot more money nothing they do couldnt be done by mutual agreement between countries.I dont wish any ill will on anyone its just a club i dont want to be in.

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By (user no longer on site)
over a year ago

I'll tell you what I think .

The ultimate dream of many .

Is not just for us to leave the EU but for us to be the driver in the total collapse of the EU and for us to come out on top of the chaos that will follow .

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By (user no longer on site)
over a year ago


"I made up my mind long ago.Thats the problem with single minded people.

I only say what I see fella and you all take pleasure in the suffering of the EU and have moaned daily about it for years in here.

I'm not alone in seeing this.Its standard modus operandi from the brexiters.

An "EU collapse is imminent" ,is repeated endlessly in here !!! Leaving has saved us

from imminent destruction..

So have an enjoyable wank over Italy

"

ooooohhh....Italian porn! Cheers for the notion bob....back in 30 seconds

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By *abioMan
over a year ago

Newcastle and Gateshead


"

The Uk have managed to get there’s down from 115%.... but at the moment the uk debt still stand at 83% of GDP... it was 85% last year

So it turns out all this austerity we have been suffering has nothing to do with the tories its down to the EU and its rules. "

See costa, if that is the narrative you are trying to push then that is wrong

The economic concept of austerity is that you need to look at it like a credit card... what the uk was doing was putting borrowing on a card whilst not being able to pay the balance hence pushing up the debt!

The government have managed to reduce borrowing, the original target of not borrowing at all has been ditched, but we are not borrowing anywhere near as much as we did!

The Eu has played no part in these decisions...

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By (user no longer on site)
over a year ago

Nobody should be taking pleasure in reading that Italy is having problems. I would imagine that fining them would see an upsurge in anti EU feeling over there, so I’m betting that it won’t happen. What is more likely is that the EU will offer some kind of bail out.

They cannot afford to lose another major nation, debt or no debt.

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By *ara JTV/TS
over a year ago

Bristol East

Is this the fiscal stability pact?

While the UK is not part of the €, the UK is required to notify European authorities - every 3 months, I think - of the action it is taking to bring its debt/GDP ratio down to the maximum set for all members.

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By *abioMan
over a year ago

Newcastle and Gateshead


"Nobody should be taking pleasure in reading that Italy is having problems. I would imagine that fining them would see an upsurge in anti EU feeling over there, so I’m betting that it won’t happen. What is more likely is that the EU will offer some kind of bail out.

They cannot afford to lose another major nation, debt or no debt."

See... it’s posts like this that shows a gross misunderstanding of what the figures actually mean!!

If you want an example then at the beginning of the Greek debt crisis... Greece’s gdp to debt ratio was smaller than the uk’ s

the issue was that Greece’s economy wasn’t strong enough that the government didn’t have the tax receipts to come in to cover it ( the joke in Greece’s was that for the richest that paying tax was optional)

The uk economy was strong enough they could cover which is why banks and the stock markets were happy to lend, Greece’s reached a head when these groups stopped lending... at which point they were close to default, which is why Greece’s had to raise bond rates through the roof to entice people back in

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By (user no longer on site)
over a year ago


"Nobody should be taking pleasure in reading that Italy is having problems. I would imagine that fining them would see an upsurge in anti EU feeling over there, so I’m betting that it won’t happen. What is more likely is that the EU will offer some kind of bail out.

They cannot afford to lose another major nation, debt or no debt.

See... it’s posts like this that shows a gross misunderstanding of what the figures actually mean!!

If you want an example then at the beginning of the Greek debt crisis... Greece’s gdp to debt ratio was smaller than the uk’ s

the issue was that Greece’s economy wasn’t strong enough that the government didn’t have the tax receipts to come in to cover it ( the joke in Greece’s was that for the richest that paying tax was optional)

The uk economy was strong enough they could cover which is why banks and the stock markets were happy to lend, Greece’s reached a head when these groups stopped lending... at which point they were close to default, which is why Greece’s had to raise bond rates through the roof to entice people back in"

Who mentioned Greece? Not me!

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By (user no longer on site)
over a year ago

Greece is the word...

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By (user no longer on site)
over a year ago


"Greece is the word... "

Yeah. I got tears, they’re multiplying!!

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By *ostafun OP   Man
over a year ago

near ipswich


"Nobody should be taking pleasure in reading that Italy is having problems. I would imagine that fining them would see an upsurge in anti EU feeling over there, so I’m betting that it won’t happen. What is more likely is that the EU will offer some kind of bail out.

They cannot afford to lose another major nation, debt or no debt.

See... it’s posts like this that shows a gross misunderstanding of what the figures actually mean!!

If you want an example then at the beginning of the Greek debt crisis... Greece’s gdp to debt ratio was smaller than the uk’ s

the issue was that Greece’s economy wasn’t strong enough that the government didn’t have the tax receipts to come in to cover it ( the joke in Greece’s was that for the richest that paying tax was optional)

The uk economy was strong enough they could cover which is why banks and the stock markets were happy to lend, Greece’s reached a head when these groups stopped lending... at which point they were close to default, which is why Greece’s had to raise bond rates through the roof to entice people back in"
What i read _abio that if it goes above 60% of gdp you must prove to the eu that you are taking measures to bring it down ever quarter thats their fical rules check their website.As our government like to stick to the rules unlike some others is austerity the consequence of these actions?

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By (user no longer on site)
over a year ago


"Greece is the word...

Yeah. I got tears, they’re multiplying!!"

hoplessly devoted to....EU

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By *ara JTV/TS
over a year ago

Bristol East

Austerity is for poor people.

For the rich it's been tax cuts.

Cut spending for the poorest on the one hand, and use the money saved in hand-outs for the wealthy.

Nothing to do with the EU and everything to do with Tory ideology.

Meanwhile, keep your fingers crossed that GDP growth erodes the ratio of debt.

Except Brexit seriously fucks that up.

Now we have a succession of Tory candidates making huge spending pledges on the one hand and huge reductions in taxes on the other hand.

How will that be paid for?

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By (user no longer on site)
over a year ago


"Austerity is for poor people.

For the rich it's been tax cuts.

Cut spending for the poorest on the one hand, and use the money saved in hand-outs for the wealthy.

Nothing to do with the EU and everything to do with Tory ideology.

Meanwhile, keep your fingers crossed that GDP growth erodes the ratio of debt.

Except Brexit seriously fucks that up.

Now we have a succession of Tory candidates making huge spending pledges on the one hand and huge reductions in taxes on the other hand.

How will that be paid for?"
.

Well you ain't going to raise more tax from the poor are you?.

If you want more tax to pay for the poor your going to need capitalism and capital and that comes from the wealthy in the main.

The trouble with the left is there still stuck in the 70s and think you can just tax the wealthy to pay for the poor, have you ever been to Monaco loads of apartments and nobody in them?.

Pay your CT in corke at 0.01%.

Pay your income tax in Monaco.

Live,travel anywhere, build your plants in Slovakia.

The EU was never about the poor, it was always about the rich, they write the laws, the trade deals, superannuational statutes, they throw you a bone to keep you happy in your little world they created for you by the media that err they own as well.

The media!! The only loss making industry kept propped up by the wealthy!!.

Pay your vat in Luxembourg.

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By *anejohnkent6263Couple
over a year ago

canterbury

Maybe Greece and italy could form a new alliance....totally fuck u ....won't be long before they will be joined by Spain Portugal france and a few others ...

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By *ara JTV/TS
over a year ago

Bristol East

Year after year, the doom sayers predict a rush of countries following the UK out the door.

Year after year, it's all shown to be bogus.

Yet still people keep trotting it out.

Just like all the repetitive chants about Brexit.

It's like that series of Dallas that never actually happened - total fantasy.

You'd almost think the last three years never happened.

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By *ostafun OP   Man
over a year ago

near ipswich


"Austerity is for poor people.

For the rich it's been tax cuts.

Cut spending for the poorest on the one hand, and use the money saved in hand-outs for the wealthy.

Nothing to do with the EU and everything to do with Tory ideology.

Meanwhile, keep your fingers crossed that GDP growth erodes the ratio of debt.

Except Brexit seriously fucks that up.

Now we have a succession of Tory candidates making huge spending pledges on the one hand and huge reductions in taxes on the other hand.

How will that be paid for?.

Well you ain't going to raise more tax from the poor are you?.

If you want more tax to pay for the poor your going to need capitalism and capital and that comes from the wealthy in the main.

The trouble with the left is there still stuck in the 70s and think you can just tax the wealthy to pay for the poor, have you ever been to Monaco loads of apartments and nobody in them?.

Pay your CT in corke at 0.01%.

Pay your income tax in Monaco.

Live,travel anywhere, build your plants in Slovakia.

The EU was never about the poor, it was always about the rich, they write the laws, the trade deals, superannuational statutes, they throw you a bone to keep you happy in your little world they created for you by the media that err they own as well.

The media!! The only loss making industry kept propped up by the wealthy!!.

Pay your vat in Luxembourg."

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By (user no longer on site)
over a year ago

How much of that is only possible because of the EU? Even if the eu didn't exist there would be tax differences...

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By *anejohnkent6263Couple
over a year ago

canterbury

No the doom is staying in an eu dictatorship ....and a job for the boys attitude....after all it's all going so well .....most eu countries fucked ....from my point of view we seem to be doing ok ...even with so many negatives going on ....and a minority trying to turn the tide ...shame people can't accept a result swallow hard and move forward rather than point scoring....with negativity

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By *mmabluTV/TS
over a year ago

upton wirral


"Typical brexiter taking pleasure in any problems the EU have.

Is this the beginning of the collapse of the EU these people salivate over daily .I doubt it. "
The collapse of the EU has started,the sooner we are out the better.Us leaving will speed it up but it would have happened anyway.

THE Euro was good in theory but in practice bad,stupid and impracticle thank god for Gordon Brown.If half wit Blaire had is way we would be in the Euro with no way out.

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