This is a surprise, isn’t it?

Despite the warnings, the eurogroup of finance ministers could not agree on a common approach on providing credit for poorer countries or whether to share borrowing costs.

Italy, Spain, France and six others are demanding that the EU issue bonds to share the debt burden of recovery between wealthier countries in northern Europe and more indebted, often poorer, countries in the south.

Poor people in Germany must pay taxes to pay the salaries of very much richer bureaucrats in France, Spain and Italy.

Because those bureaucrats can’t squeeze any more money out of their own peons without being hung from the nearest lamppost.

All Hail European union!

2 thoughts on “This is a surprise, isn’t it?”

  1. Excuse me – the three named countries requesting (prior to demanding) aid are richer than most of the countries from whom they would receive aid. Italy’s, France’s, Spain’s GDP/head are all higher than Poland’s or Slovakia’s or any of the Baltic or Balkan countries (some lists put the Czech Republic above Spain, some put it below).
    This isn’t about the rich not helping the poor- it’s about “Gimmee, gimmee, gimmee”
    FYI The worst hit country in Europe is San Marino, the poorest is Moldova: neither of them is on the list of “gimmee”s

  2. Hmm, Net contributors sick of contributing and want their money back? Will France, Italy and Spain invade Germany and loot Bundesbank?

    EU Pt 2
    Oh dear, how sad, …. snigger

    “The EU’s most senior scientist has resigned with a passionate denunciation of the bloc’s reaction to the coronavirus pandemic, claiming he has been blocked from funding treatments and vaccines.

    Mauro Ferrari, the president of the European research council, said he had been “deeply disappointed and disturbed” by the EU’s efforts in reaction to what he described as “a tragedy of possibly unprecedented proportions”.

    Ferrari resigned by sending an email. He writes: “I have been extremely disappointed by the European response to Covid-19, for what pertains to the complete absence of coordination of health care policies among member states, the recurrent opposition to cohesive financial support initiatives, the pervasive one-sided border closures, and the marginal scale of synergistic scientific initiatives.

    I have lost faith in the system itself. And now the times require decisive, focused, and committed actions – a call to responsibility for all those that have an aspiration to make a difference against this devastating tragedy.”

    As did UK almost 4 years ago, yet we’re still not free

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