Posted on 07/19/2020 9:44:23 PM PDT by BenLurkin
[T]he latest three-day gathering of EU leaders, with a €1.8tn (£1.6tn) financial plan at stake, may be one of the most acrimonious yet.
Dinner on the first evening was “a bit surly” according to Dutch prime minister, Mark Rutte, after other leaders rounded on him over his insistence on being able to veto others’ access to a €750bn coronavirus recovery fund, if their economic reforms were deemed inadequate.
Bulgaria’s prime minister, Boyko Borissov, accused Rutte of wanting to be “the police of Europe”, while Poland’s leader, Mateusz Morawiecki, called Rutte and his “frugal” north European allies “misers”.
The second big fight was over the size of recovery fund grants: a proposed €500bn in grants for the hardest hit countries was shaved down to €450bn. But that was still too much for the frugal club of the Netherlands, Austria, Denmark, Sweden, and the unofficial member, Finland.
After a second day of deadlock, Angela Merkel and Emmanuel Macron walked out of midnight talks with the frugals – a display of unity by the Franco-German pair, who first proposed a massive recovery fund underpinned by taboo-breaking EU borrowing on financial markets to pull the EU out of the worst recession in its history.
The third battleground also put the Dutch in the firing line, as Hungary’s prime minister, Viktor Orbán, compared Rutte to the communist police. The Netherlands, along with many EU governments, wants to tie European funds to upholding democratic values – a plan staunchly opposed by Hungary and Poland, both subject to EU investigations on the rule of law.
The communist police used “unclarified legal terms, exactly the same which is written in the proposal of the Dutchman,” said Orbán recalling his own encounters with state police as a young activist.
(Excerpt) Read more at theguardian.com ...
No, it exposes that debate and disagreement happen in non-dictatorial systems (Guardian, you ignorant sluts).
Oops. Misread the headline before reading the article as usual. EU, not US.
But the Guardian is still a bunch of ignorant Commies.
That effort was dead in the water before they met....there was already dog and cat fights before they even went through the doors. When you’re talking about distributing money the leaders are always about what they stand to obtain as a cash flow fund which never reaches the people it’s intended for.
Italy and Greece are always the EU’s whipping boys. Depending on the results of this deal, Giuseppe Conte’s government may fall (the center-right parties are leading in polls right now. And BTW, European polls seems to be have been more professional and accurate recently than the current partisan mess in the U.S. polling outfits).
unfortunately that applies to our last three trillion dollar stimulus also. So many senators’ families and house members families got $$ for God knows what reason and God knows how much was stolen
Lets just stop paying people anything, you can bet the outcry to open this country would be thunderous!
What can I say? You are correct.
by the way the stimulus checks were something to shut the peasants up. 300 billion out of 3 trillion. God knows how many people will become billionaires because of this. Because we know half of it went to graft and cheating.
I don’t even want to guess what interest on the debt will be next year. Is that interest fixed rate even if rates go up? Or do what we owe fluctuates with market rates?
Funny...Drudge says the rest of the world is doing great on COVID and only the US is a disaster because we don’t have a centralized, unified federal strategy Due to Trump.
It seems Europe is in disarray with their own gins-me-dats.
That's probably code for nationalizing retirement savings by seizing and replacing them with government IOUs. The next time the Democrats are in total control this will be coming to a 401k near you.
I’m no expert but... The debt financing bonds are fixed term & rate unless refinanced with a cheaper bonds. If possible.
But eventually there will be higher financing costs, perhaps much higher. The only long term hope is to pay old debt with highly inflated dollars.
Because "taboo-breaking" sounds so much better than FRICKIN' ILLEGAL! Thanks, Guardian Commie Scum.
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