Comments by "Juicy Fruit" (@juicyfruit4378) on "Yes Theory"
channel.
-
@KM-pq7sr The Euro has also been a disaster for may eastern European Nations as well. The Euro and EU have only benefited the Rich, politicians and the the banking industry that's it. With the exception of easier travel restrictions (no borders), what has the average citizen seen as an increase in their standard of living? ZERO.
The EU was born from the earlier EEC which was looked upon favorably by Europe as an "economic trading organization" between the European nations - it was not political which is what the EU has morphed into.
The EU was basically a construct that gave Germany control of the European economies by being the "bank" and master. This was highly evident when Greece joined the EU and was placed under austerity measures to bring the country back from bankruptcy. It was painfully obvious that Germany and Germany alone controlled the purse strings of Greece; no other EU nation had a say in the restructuing of Greece, outside of Germany. What many didn't know is that Germany has numerous investments in Greece; therefore Germany was not about to let it's investments tank - in short, Greece was allowed to join the EU out of a self-serving interest from Germany. At the same time, other nations with a serious debt/bankrupcty were allowed to join before Greece because their young labor force were shifting to Germany, France, Netherlands to do the jobs that the citizens of these nations weren't and aren't willing to do. Turkey was an exception - being blocked by Germany based on Turkey's "human rights" record was short of a joke when both Bulgaria and Romania's human rights records were as atrocious as Turkey's not to mention those of Macdonia, Bosnia and Serbia.
The real reason for Germany not wanting Turkey to join is that Turkey's GDP would be the 4th largest in the EU and with a population of 83 million (comparable to Germany's), the power of the EU would have to be shared with strong-voiced Turkey and Germany will have none of that - and that is the main reason for Germany consistently blocking Turkey. Turkey is no longer interested in the EU membership as it's markets are large enough to sustain it's economy and has viable options outside the EU due to it's geographical location. The crux of the story is that the EU is a political machine and no longer one concerned with the "economics" of it's members which should have remained it's number one priority as originally outlined.
Since the Austerity measures were introduced, Greece has not been doing too well as evidence by these videos and others. Although austerity measures needed to be reinstated, the way in which they were implemented were too fast, harsh and hard for the general population to adapt to overnight. Germans are not Greeks and vice verse - you cannot impose one set of rules to which a culture is accustomed to expeditiously on another country's culture not familiar with standards unknown.
The EU is basically no more than Germany's bank with loan applications. The UK having left the EU saw itself go through extremely tough measures which it still faces today - I'm not certain why the UK has not opened itself to the American / Asian markets for trading to include goods and services from it's trade agreements within the Commonwealth Nations of Australia, New Zealand, Canada, India, Pakistan being the largest GDPs in that group. I'm certain that trade amongst these nations would ease Britain's issues to that of giving it's citizen's time to readjust being out of the EU while trade agreements with the EU can form.
I have lived in Europe for 40 years now and honestly cannot see the benefits of the EU over the former EEC. Prices have gone up, markets are unstable and more persons are becoming welfare recipients and I'm speaking of Germany now. Eastern Europe remains behind economic standard from it's western counterparts (exception being Poland) and it's young skilled labor force are still migrating to western Europe for better employment prospects bleeding their home nation dry of better wages and services.
Germany benefits the most thus being able to not only enjoy it's 4.5 trillion dollar GDP, but can maneuver it's economy to adapt to changing times, thus making other countries more dependent on the German ATM Machine we call the EU. Unfortunately, the average German doesn't benefit from the "Trickle Down Effect," whatsoever; only the German financial sector, it's lobbyists and wealthy see the EU as a positive force. In fact, the Deutsche Mark had more power than the Euro prior to it's inception, but within the nations that traded with Germany. With the EEC gone to way of the EU, Germany basically took over the economy of Europe as it's financeer - simply put.
If Germany were to leave the EU tomorrow, the EU would cease to exist - that is by no means a "union" now is it?
2
-
1
-
1