Comments by "Paul Aiello" (@paul1979uk2000) on "Why Austerity is Returning to Europe" video.

  1.  @brownbear1657  He's right thought, there's been a lot of complaints about the system for well over a decade with how inflexible the older system was. Maybe a more flexible system was needed to give countries more room to breath, as long as there is pressure to brings debts under control.
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  2. Considering how things have gone with Covid, the energy crisis, plus all the other commitments, they are actually holding up quite well, but it was never going to be easy during a transition which is what is going on in Europe right now, especially on the energy sector and military. Is it that big of a deal? Not in the short term, but changes will have to be made with reforms to kick-start the economy, after all, remember, we are in a transition that's impacting Europe far more than the rest of the world, especially when it comes to energy, but that's a short term problem, the long term problem is that Europe and especially the EU needs to start being a lot more competitive with high-tech. In any case, having debt isn't a bad thing if it's managed debt, and honestly, looking at the overall numbers, they're not that bad but could be better.
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