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Joey
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Comments by "Joey" (@Joey-ct8bm) on "Will Poland's Economic Miracle Ever End?" video.
We have higher grocery cost than Germany by far in The Netherlands. Germany has one of the cheapest groceries of the wealthy EU countries. We go shopping in Germany and Belgium for cheap groceries. Some items are half the price as in the Netherlands.
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Most refugees of all of Europe with over 6 million Ukrainians in Poland. That's a big extra workforce. It seems like taking refugees pays. On top of that they get the most EU funds in Europe. We should all take more refugees and we all be rich. That's my take on it.
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@ThePawcios Italy has the worst economy of the EU. I'm amazed it didn't go down. 7% budget shortage in 2023. Highest of the entire EU and the second highest debt of the EU. One crisis and Italy if going down. There's a recession coming. The help for recovery funds is long gone by Northern Europe next time. Italy will be sold for parts like Greece. I should very worried if i lived in Italy. I would definitely sell my house before a crisis hits.
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@leventelajos5078 It's amazing right. Who knew taking 6 million refugees from Ukraine would give you a big extra workforce and growth!? Hungary could learn a thing or 2.
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@jn1205 6 million passed the Polish border and got taken into the Polish refugee system. 4 million went to other EU countries after being in Poland for a while. It's still 6 million who got taken in and cared for.
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Yeah right, socialism is awful in Denmark and Luxembourg. Communism is not democratic socialism. Why are Danes so rich? The Stat oil company, where the government owns 2/3 of the natural resources and the put it in the pension fund to invest again. Every Dane has a pension of 247000 dollars now. Really bad that socialism. I wouldn't want the highest pension of the world and investment in my own country. Full on capitalism means the profit of the natural resources go to one billionaire. Not good for Norway. The worst thing is that the billionaire will move to Monaco. Bye tax revenue and investments of the pension fund. Double loss.
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They still make double the salary in the UK.
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6 million Ukrainian refugees they got. Most refugees by far than any other country.
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You shouldn't put a South Korea and Germany in with the US, Japan and UK. South Korea has a debt of 46% and Germany 60%. It's not even close to the debt to gdp of Japan, US and UK. Germany and South Korea can live of borrowed money for 20 years at least before it's as bad as a US or UK. Enough time to get some growth.
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What are the mistakes? It can't be immigration. Poland has 6 million Ukrainian refugees. All those countries together aren't hitting 6 million in 20 years.
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Highest of all the EU countries. The most EU funds went to agriculture too and Polish dared to start protesting.
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6 million refugees from Ukraine and EU funds are fueling this growth. Strange that when they lost the far right leader Poland started to do extremely well. 🤔 Even their far right wasn't dumb enough to leave the EU by the way. PM Donald Tusk is a pro EU politician and his Platforma Obywatelska is in the EU with the EVP of Ursula von der Leyen. The PIS far right party is gone. It's pro EU Poland globalist now. You do realize global trade gives you wealth right? Not participating in global trade and you end up like North Korea. I rather be South Korea.
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That would kill the German economy. They have massive amount of exports coming from the rest of the EU. All those landlocked countries use German ports to export their goods. We have the same problem in the Netherlands. We can't leave. We would lose massive amounts of exports.
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Those are the highest debt countries of Europe and not very wealthy nations.
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@thedude9014 And 6 million Ukrainian refugees.
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They can take it. 60% of debt is the number to get in Europe. They are at 53.3%. It definitely helps them of course and in 1 year they need to cut back. Italy was the most crazy one. 136% of debt and a 7% budget shortage in 2023. They are definitely going down if a crisis hits.
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@ambessaseway5594 Germany isn't really in crisis, France is. Germany is a low debt country with the highest gdp of Europe. They can survive easily. They've half the debt of France on a higher gdp. It's not even close to comparable. Germany has a 10× better economy than the US too. You can have good numbers of growth and a high stock market in the US, but if you borrow 11 trillion in 8 years it's going awful. The US borrowed half the gdp of the entire EU in 8 years and Trump wants to cut taxes and deport the cheap labor.🤣🤣🤣🤣🤣🤣 Insane!!!! I saw on FOX news that Trump his new plans would add another 6 trillion in debt. Money apparently grows on trees in the US. The fact Germany is freaking out about the economy with a 60% debt to gdp is good for their future.
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It has nothing to do with the fact they get the most EU funds right?
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