Comments by "Trazyn" (@Trazynn) on "The EU's €500 Billion COVID Stimulus: France u0026 Germany's Plan to Save the EU - TLDR News" video.

  1. Whenever Southern European countries are being told to fix their budget deficits the common response is that it's not anyone else's business. Until now. Apparently their bad credit score is now a burden that needs to be shared by countries that went through great lengths to minimize their own budget deficit.
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  2. Money you mean, they need our money, for free.
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  3. ​ @Pako11M ​The credit score determines the cost of the loan. Southern Europe wrecked their credit score and now they want to ruin the credit score of Northern Europe as well.
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  4. Exactly, Italians have a far lighter tax burden than the Danish and now the Danish have to pay for the Italians as well?
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  5.  @Pako11M  If your credit score sucks and you then want to share credit score with someone with a good credit score, you're getting money for free. It's that simple.
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  6.  @LagartoPT  You're talking about the second largest agricultural exporter in the world.
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  7.  Joakim von Anka  they don't want the conditions Northern Europe is adding to their stimulus so why would they accept any conditions from the Chinese?
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  8.  @davidcooks2379  FINALLY someone who talks sense here. Give Spain and Italy their own currency they can devalue at their own discretion and they no longer need any stimulus from anyone.
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  9. If you pay a lower interest than you're due, then someone else is paying the difference for you, it's free money.
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  10.  @giacomostocco3532  ​ Italy was on the side that started WW2 so spare me the crocodile tears. If Southern Europe doesn't benefit from the EU then why are they still in it? Why not just leave?
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  11. ​ @AldTar The UK and Sweden still have their own currency and the EU functioned normally when they are (were) members. A single currency isn't necessary at all.
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  12.  @AldTar  Spain and Italy don't want the hard way that Greece took. They want the free credit without reform.
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  13. When the next crisis hits the Nothern Europeans will have to pay more for their loans because they shared their credit score with Southern Europe. This deal is exposing Northern European countries to more hardship further down the line.
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  14.  @ToothbrushMan  but the US is fiscal union therefore one economy.
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  15. Then why does Northern Europe need to have anything to do with these bonds? Oh wait, that's because they're funding it. For free.
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  16. So Spain and Italy are generously staying in the EU in order to save it while at the same time begging for financial support? Please...
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  17.  @giacomostocco3532  That's exactly why countries with a trade deficit need their own currencies again. The difference between the surplus countries and the deficit countries will always have to be bridged with financial aid and that's untennable.
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  18.  Imper 5  that's just a trade union you need for that, like ever other form of cooperation in this world.
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  19. As asinine as can be expected from someone telling others to commit suicide. Eurobonds is freshly printed money as well in the exact same fashion that the US is doing their stimulus. However, the US states all have the same fiscal union while in the EU it means that the fiscally sound countries end up paying the bill for the countries that can't manage their budget.
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  20. They're not even a tax haven to European companies. It's mainly Korean companies using it as a shelter.
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  21.  @AldTar  the deal that Greece made was anything but simple. They're under huge leverage right now and that's something Spain and Italy want to avoid at all cost. I'm saying the best way to avoid this is to get them back their own currency. That way they no longer have to run a trade deficit which makes it easier to balance the budget.
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  22.  @AldTar  the reason countries are frugal is so they get to be resilient during a crisis.
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  23.  @TheBlobik  Then leave the Euro. Get a new currency and devalue it to correct the trade deficit.
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  24.  @jakobraahauge7299  why do Italy and Spain deserve to be reimbursed for Bulgaria? What kind of logic is that?
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  25.  @namiaris2525  Greece accepted very stringent conditions for these loans. Italy and Spain want no conditions.
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  26. That's exactly what it means, free money for Wyoming.
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  27. In interest-free loans.
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  28. If these loans are so beneficial then why aren't Spain and Italy taking the loans they need at their own credit?
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  29. Each country has credit ratings with the various places they borrow money from. Italy has been borrowing a lot and has ruined their credit score. A low credit score makes it more expensive to borrow more money. So why do Spain and Italy suddenly want to borrow money on the credit rating of Northern European countries?
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  30.  Joakim von Anka  Well if Italy and Spain prefer China's terms over the EU's terms then go ahead and do it because that means there never was any unison to begin with.
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  31. You say you like to talk numbers but all I hear is rhetorical gibberish. If Italy and Span want to secede from the EU they can trigger article 50.
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  32. How classy, telling someone to commit suicide over the internet because they disagree with you.
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  33.  @redknight4805  doesn't make sense to pull a cart with a rope behind the Ferrari either.
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  34.  Joakim von Anka  I agree, the countries that pay most get to decide on this. Not the countries that pay least.
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  35.  @redknight4805  it will be the northern countries paying the most (of their credit) into these eurobonds.
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  36. When did Denmark ever ask for solidarity?
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  37.  Joakim von Anka  it's not like Italy supported Denmark after the war let alone during it so stick that false equivalence back where you found it.
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  38. ​ Joakim von Anka  You didn't pay one cent to bail anyone out of the second world war you larper. We're talking about countries being wasteful and not preparing for a crisis begging to get bailed out by countries who were sensible with their money.
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  39.  Joakim von Anka  holy shit, actual nazi revisionism. It was Germany that was the agressor you fascist.
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