Good, no more common debt without common fiscal policy.
Makes sense, why would people who save money pay for debt of people who throw money into fire. I would be fully open for it with common and clear rules everyone needs to follow.
Getting more debt is unsustainable sadly for southern Europe, especially when they don’t control their own currency and doesn’t control the world’s reserve currency to do such a thing. These countries and EU must find a way to reduce this debt without common debt cause I think that’ll cause widespread resentment in northern europe
2009 all over again?
Yeah, banks like the Deutsche Bank need to be held accountable for their malpractice.
>Germany’s finance ministry firmly rejected proposals on new European Union joint debt on Thursday (26 January), saying such a move, backed by France and European Council President Charles Michel, was not needed and would send a wrong signal to markets.
Good! We have way less personal wealth here in northen europe compared to the south. Yet we constantly have to send money south. This stuff is a farce. Atleast there are some clearheaded decisions coming out of germany. I’m tired of paying other countries debt. Especially when they have way lower retirment age than us. We are supossed to work until we are 67 while they retire at [62](https://www.cleiss.fr/docs/regimes/regime_france/an_3.html)? The average italian and french has more personal wealth than the average swede. Maybe they should first use their personal savings and assets before they ask other countries for money? The whole “recovery” fund was a heist aswell.
Most housholds here are heavily indebt compared to the south. The raised interest rate is killing everyone. If another fucking “recovery ” fund is passed I will for the rest of my life be anti EU and hope more people realize we are being robbed.
Edit: to u/DarthSet guy who blocked me after responding to my comment. Why is it my responsibility to pay for debt your country took from foreign banks? Have you tried to uphold your politicians and decisionmakers to the same standards that you do with german banks? It’s nice to get big spending on someone elses money. Here in Sweden our goverment spent the 2010s paying off debt. No new infrastructure projects, no job stimulus, cuts everywhere, in schools, police, aid for the poor. And what did we get for this? Another payment for a “recovery ” fund during corona. If you save and pay off debt on your own, you never win with the EU.
Also hilarious you’re so afraid of a response you block within 1 min.
We are already in a situation where a small number of wealthy EU countries is transferring massive amounts to a large number of beneficiary countries, some of them amongst the biggest EU critics (Poland, Hungary …). Yes, we all benefit from the EU, but it was always meant to be a political union of like-minded countries working towards common goals, not a ‘grab what you can, give nothing back’ thing.
**There can be no common debt without a common fiscal policy.** Germany already has amongst the highest tax burden in the world, and (ironically for a country that wealthy) the average personal net worth is considerably lower than e.g. in France, Spain, Italy etc. (mostly due to low rates of real estate ownership), the retirement age is higher …
To keep transferring Northern Europe’s wealth south and east without getting a grip on fiscal policy is simply unsustainable and unfair.
Hmmm, a country blocking a move that would be in the interest of a lot of other countries?
Where do I know this from. Where is the outrage? Where are the calls to throw Germany out of the EU? Obviously Germany with their strong economy doesn’t fit the rest of the EU.
Of course they did. It would be absolutely batshit insane.
Once Europe has grown closer together in regards with economic policies – it can obviously be rediscussed. But not in a climate where we have several (economically irresponsible) countries profiteering off the countries who are economically responsible.
It’s supposed to be a union, not your dad where you can just ask for money every time you blow it on something silly.
Lol.
Is it 100 rubbles per “No common debt without a common fiscal policy.” You post?
Guess the guy that used to write the scripts is rotting away in some Donbas ditch, as all the ruzzian trolls sound really samey these days.
Good. Shared debt with economically incompetent countries is a really bad idea and we should in no way take out loans out with those who clearly don’t have a stable and healthy economic policy.
This was expected to happen, sooner or later. Germany can’t keep paying for everything.
common debt is the stupidest idea. Why should it even exist? If you spend money you are responsible to pay back that money. The only ones who want the possibility to grab the money from someone else is the Mafia and Banks.
So. No United States of Europe. See Hamilton vs Jefferson debates.
Was this done via rap battle, like in Hamilton? No?
Pathetic.
Good. This means we can also write out fiscal union. There is no way in hell countries like Ireland should allow their tax rates to be decided elsewhere.
It’s only logical since the last common debt project is still running and there’s plenty of money to be spent from that particular fund. Also, the circumstances are in no way as bad as Covid was.
I don’t like him
Hahaha I bet it does
I know why I voted for FDP.
15 minutes ago I have read about a fusion startup facing investor pressure to move to the USA because of better financial environment there.
Don’t know anything about fiscal policy, but if Christian Lindner is against something, then the something is usually a good idea.
I’m all for common debt, because it’s the most likely to force us to become a real monetary union with shared fiscal policies.
The monetary union (Euro) without a common fiscal policy is actually already a contradiction that’s causing us issues in the EU, and a common debt policy would only exacerbate this. I am actually a fan of the proposal, but before it can be considered we need a common fiscal policy. Unfortunately a lot of countries in favor of common debt probably won’t like the idea, but this is the only way to grow closer together and compromise without further contradictions.
25 comments
Good, no more common debt without common fiscal policy.
Makes sense, why would people who save money pay for debt of people who throw money into fire. I would be fully open for it with common and clear rules everyone needs to follow.
Getting more debt is unsustainable sadly for southern Europe, especially when they don’t control their own currency and doesn’t control the world’s reserve currency to do such a thing. These countries and EU must find a way to reduce this debt without common debt cause I think that’ll cause widespread resentment in northern europe
2009 all over again?
Yeah, banks like the Deutsche Bank need to be held accountable for their malpractice.
https://www.reddit.com/r/europe/comments/zfxjq0/brussels_accuses_deutsche_bank_and_rabobank_of/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
>Germany’s finance ministry firmly rejected proposals on new European Union joint debt on Thursday (26 January), saying such a move, backed by France and European Council President Charles Michel, was not needed and would send a wrong signal to markets.
Good! We have way less personal wealth here in northen europe compared to the south. Yet we constantly have to send money south. This stuff is a farce. Atleast there are some clearheaded decisions coming out of germany. I’m tired of paying other countries debt. Especially when they have way lower retirment age than us. We are supossed to work until we are 67 while they retire at [62](https://www.cleiss.fr/docs/regimes/regime_france/an_3.html)? The average italian and french has more personal wealth than the average swede. Maybe they should first use their personal savings and assets before they ask other countries for money? The whole “recovery” fund was a heist aswell.
Most housholds here are heavily indebt compared to the south. The raised interest rate is killing everyone. If another fucking “recovery ” fund is passed I will for the rest of my life be anti EU and hope more people realize we are being robbed.
Edit: to u/DarthSet guy who blocked me after responding to my comment. Why is it my responsibility to pay for debt your country took from foreign banks? Have you tried to uphold your politicians and decisionmakers to the same standards that you do with german banks? It’s nice to get big spending on someone elses money. Here in Sweden our goverment spent the 2010s paying off debt. No new infrastructure projects, no job stimulus, cuts everywhere, in schools, police, aid for the poor. And what did we get for this? Another payment for a “recovery ” fund during corona. If you save and pay off debt on your own, you never win with the EU.
Also hilarious you’re so afraid of a response you block within 1 min.
We are already in a situation where a small number of wealthy EU countries is transferring massive amounts to a large number of beneficiary countries, some of them amongst the biggest EU critics (Poland, Hungary …). Yes, we all benefit from the EU, but it was always meant to be a political union of like-minded countries working towards common goals, not a ‘grab what you can, give nothing back’ thing.
**There can be no common debt without a common fiscal policy.** Germany already has amongst the highest tax burden in the world, and (ironically for a country that wealthy) the average personal net worth is considerably lower than e.g. in France, Spain, Italy etc. (mostly due to low rates of real estate ownership), the retirement age is higher …
To keep transferring Northern Europe’s wealth south and east without getting a grip on fiscal policy is simply unsustainable and unfair.
Hmmm, a country blocking a move that would be in the interest of a lot of other countries?
Where do I know this from. Where is the outrage? Where are the calls to throw Germany out of the EU? Obviously Germany with their strong economy doesn’t fit the rest of the EU.
Of course they did. It would be absolutely batshit insane.
Once Europe has grown closer together in regards with economic policies – it can obviously be rediscussed. But not in a climate where we have several (economically irresponsible) countries profiteering off the countries who are economically responsible.
It’s supposed to be a union, not your dad where you can just ask for money every time you blow it on something silly.
Lol.
Is it 100 rubbles per “No common debt without a common fiscal policy.” You post?
Guess the guy that used to write the scripts is rotting away in some Donbas ditch, as all the ruzzian trolls sound really samey these days.
Good. Shared debt with economically incompetent countries is a really bad idea and we should in no way take out loans out with those who clearly don’t have a stable and healthy economic policy.
This was expected to happen, sooner or later. Germany can’t keep paying for everything.
common debt is the stupidest idea. Why should it even exist? If you spend money you are responsible to pay back that money. The only ones who want the possibility to grab the money from someone else is the Mafia and Banks.
So. No United States of Europe. See Hamilton vs Jefferson debates.
Was this done via rap battle, like in Hamilton? No?
Pathetic.
Good. This means we can also write out fiscal union. There is no way in hell countries like Ireland should allow their tax rates to be decided elsewhere.
It’s only logical since the last common debt project is still running and there’s plenty of money to be spent from that particular fund. Also, the circumstances are in no way as bad as Covid was.
I don’t like him
Hahaha I bet it does
I know why I voted for FDP.
15 minutes ago I have read about a fusion startup facing investor pressure to move to the USA because of better financial environment there.
Don’t know anything about fiscal policy, but if Christian Lindner is against something, then the something is usually a good idea.
I’m all for common debt, because it’s the most likely to force us to become a real monetary union with shared fiscal policies.
The monetary union (Euro) without a common fiscal policy is actually already a contradiction that’s causing us issues in the EU, and a common debt policy would only exacerbate this. I am actually a fan of the proposal, but before it can be considered we need a common fiscal policy. Unfortunately a lot of countries in favor of common debt probably won’t like the idea, but this is the only way to grow closer together and compromise without further contradictions.
Lol… https://amp.theguardian.com/world/2011/dec/09/david-cameron-blocks-eu-treaty
The sticking point and the cause for the veto was the common debt…