Italy’s austerity-fueled crisis is a warning to the Eurozone

Re:Italy’s austerity-fueled crisis is a warning to the Eurozone by point78 on Saturday April 13, 2019 @06:51AM (#19652206)

As someone else pointed out, the US has federal taxes and ways to distribute from rich states to poor states

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Re:Italy’s austerity-fueled crisis is a warning to the Eurozone by thefounder on Saturday April 13, 2019 @07:16AM (#19652298)

So issue is really the lack of fiscal union in the EU. Better work on this than on divisive solutions.

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Re:Italy’s austerity-fueled crisis is a warning to the Eurozone by yardie on Saturday April 13, 2019 @07:28AM (#19652349)

A fiscal union would necessitate creating an even stronger political European Union. So far there hasn’t been a call for that and it remains unpopular to most citizens. And the current divisions only make it harder to even suggest one.

A fiscal union would be economically better but politically it is dead.

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Re:Italy’s austerity-fueled crisis is a warning to the Eurozone by wazoox on Saturday April 13, 2019 @08:48AM (#19652709)

Yes, and Germany explicitly rejected all attempts and proposals: no Eurobonds, no Green Fund, no fiscal union, no transfers, no nothing. They'll stick to their guns until the whole thing come apart (real soon now: you liked the Brexit? Wait for Italexit. Or Frexit. Sooner than you think).

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Re:Italy’s austerity-fueled crisis is a warning to the Eurozone by fileeditview on Saturday April 13, 2019 @03:05PM (#19655079)

You also see that leaving the EU is not a clear benefit despite "evil" Germany is on its throne...

That's why "Brexit" is taking almost 3 years now and still there is no ultimate progress. Other countries will surely be interested in how this experiment turns out before doing the same..

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Re:Italy’s austerity-fueled crisis is a warning to the Eurozone by bostik on Saturday April 13, 2019 @05:25PM (#19655827)

Disclosure: I'm an EU citizen living in UK.

From what I have gathered, EU's strategy with Brexit has been pretty straightforward: do not even try to impose any further "penalties" on UK on top of what is already taking place without assistance. Just stay put.

The EU can't be seen to dictate internal UK matters - that would only create further animosity (if such a thing is possible, given the rabid UK press). Instead, let the UK repeatedly shoot themselves in the head while going through their cooked-up contortions.

There will be no better deterrent for others in the EU27 than observing Brexit from a relatively safe distance. "Leave, and that will be you. We don't even need to do anything."

And as for watching Brexit unfold at a close distance? It's like looking at a sword swallower trying out a new trick. With a chainsaw.

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Re:Italy’s austerity-fueled crisis is a warning to the Eurozone by wazoox on Saturday April 13, 2019 @05:51PM (#19655954)

Let me guess: you're a EU citizen living in _London_. Not exactly the same thing as anywhere else in UK.

For me, watching Brexit from a distance is more akin to seeing people not wanting to leave the Titanic pushed into the lifeboats, dropping from the main deck: sure it's ugly, but wait for the iceberg, and see who are the smart guys afterwards.

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Re:Italy’s austerity-fueled crisis is a warning to the Eurozone by bostik on Sunday April 14, 2019 @06:14AM (#19658496)

Fair enough, and you are correct.

As for leaving... uprooting a family is not something you do without a good plan forward.

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Re:Italy’s austerity-fueled crisis is a warning to the Eurozone by hestefisk on Saturday April 13, 2019 @08:23AM (#19652588)

The solution is federalism.

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