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Thread: Didn't take long for the EU to start softening it's tone

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  1. #1
    Quote Originally Posted by World's End Stella View Post
    The Eurozone has had the strongest economic growth in the world over the past 3-4 months. Better than China, the US, anyone. So said the head economist at this investment bank of mine yesterday.
    Yes. After nearly a decade in the wilderness it's finally showing some decent growth. However, Greece remains utterly fücked and they can't kick that can down the road forever. There's persistent unemployment (the eurozone youth unemployment rate is one in five, and a lot higher than that in several countries). And, of course, Italy is looking extremely dicey.

    So I wouldn't go getting too excited about the Eurozone just yet.

  2. #2
    Quote Originally Posted by Burney View Post
    Yes. After nearly a decade in the wilderness it's finally showing some decent growth. However, Greece remains utterly fücked and they can't kick that can down the road forever. There's persistent unemployment (the eurozone youth unemployment rate is one in five, and a lot higher than that in several countries). And, of course, Italy is looking extremely dicey.

    So I wouldn't go getting too excited about the Eurozone just yet.
    Also riding the wave of the decline of the £ whilst we sort our **** out and the uncertainty of $ due to Trump

  3. #3
    Quote Originally Posted by Burney View Post
    Yes. After nearly a decade in the wilderness it's finally showing some decent growth. However, Greece remains utterly fücked and they can't kick that can down the road forever. There's persistent unemployment (the eurozone youth unemployment rate is one in five, and a lot higher than that in several countries). And, of course, Italy is looking extremely dicey.

    So I wouldn't go getting too excited about the Eurozone just yet.
    I would quite like an excuse to move the south of France. But all I hear about is people moving business to Dublin, Brussels and Frankfurt I don't want to live in any of these places.

  4. #4
    Quote Originally Posted by Burney View Post
    Yes. After nearly a decade in the wilderness it's finally showing some decent growth. However, Greece remains utterly fücked and they can't kick that can down the road forever. There's persistent unemployment (the eurozone youth unemployment rate is one in five, and a lot higher than that in several countries). And, of course, Italy is looking extremely dicey.

    So I wouldn't go getting too excited about the Eurozone just yet.
    Hmmm - there are issues no doubt, but to call it 'stagnant' or refer to a 'decade in the wilderness' strikes me as excessive.

    Don't lower yourself to the level of the some of these Remain nutters, Burney. This chap, while in a position of some responsibility, was clearly the sort of Remainer who makes those of us who did vote remain cringe, he was so one-sided. The Conservative government has completely screwed up the negotiations, the EU have all the power because of this, the UK will now get screwed and the whole thing will be a disaster etc etc. I got so fed up with it that I asked him what power the May government's approach to Brexit had given the EU that they wouldn't have had otherwise. This was met with 'well you have a point, but, um, well, you know, this could go horribly wrong etc etc'. Loads of qualitative opinions with very little quantitative analysis.

    Embarrassing.

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