Re: Collapsing6 Mar 2019 18:11
This will make you laugh, they've already collapsed.
Whatever one may think about the wisdom of Britain leaving the European Union the facts about the performance of the eurozone economies are indisputable.
With the exception of Germany the straitjacket of the single currency has delivered misery across the Continent especially in its southern tier, where unemployment is at unconscionable levels.
By no stretch of the imagination can it be claimed that the euro, as President Emmanuel Macron has said, helped Europe resist the ‘crises of financial capitalism’.
Europe’s weakest banking systems in Italy and Greece are being kept afloat by short-term funding provided by the European Central Bank (ECB).
Deutsche Bank is listing badly. Moreover, in spite of the crack cocaine of €2.5trillion of quantitative easing by the ECB, great swathes of the Continent are trapped in low growth with forward indicators signalling recession.
Indeed, the Bank of England’s latest stability report suggests that Europe’s financial system may be less prepared and face bigger risk from Brexit than the UK.
Remarkably, in spite of the harm which Brexit uncertainty has done to domestic business confidence Britain’s economy is still working.
Why isn't this reported more it might bring some remainers to their senses.