Europe's $24T Breakup with Visa and Mastercard Has Begun

Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by bigfudge on Wednesday February 11, 2026 @06:16AM (#46973575)

The EU is built on rules that uphold liberal democratic principles, agreed to by national governments in a flush of post-WW2 clarity, and which tie successors to the same principles. There are exit mechanisms, but they impose large costs (i.e. Brexit).

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Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by modo_mario on Wednesday February 11, 2026 @07:09AM (#46973939)

You're saying nothing concrete in particular. What rules? How do they inhibit change? The only thing I can think of which is actually difficult to change is the echr and i see more than a dozen mostly liberal governments queueing up to change it (to little effect so far) over migration issues.

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Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by mrec on Wednesday February 11, 2026 @09:06AM (#46975093)

The ECHR isn't actually an EU thing. (It's a Council of Europe thing, which is separate from and predates the ECSC/EEC/EU.)

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Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by modo_mario on Friday February 13, 2026 @03:55AM (#47000543)

I know and it's a requirement for being in the EU still.

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Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by bigfudge on Wednesday February 11, 2026 @04:27PM (#46981299)

There are rules about election conduct and free operation of courts, to give two examples. Both of which Hungary skirts on occasion but the EU does apply some pressure.

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