Why is the Eurozone economy stagnating?

Bidwell
Bidwell

Why is the Eurozone economy stagnating?

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https://www.youtube.com/watch?v=wMykYSQaG_c
girlDog
girlDog

@Bidwell
Because their biggest market just voted to leave the EU, and their second-biggest market is threatening to elect a protectionist xenophobe as president.

Continental europe is heading for another war. Get your money out.

viagrandad
viagrandad

@girlDog

The biggest market is Germany.

Yeah, but economic unrest preceded the political unrest. The growth of Italy was almost zero, France has also been stagnating for years. Not just after Brexit and Front National.

cum2soon
cum2soon

@girlDog
Nice try Juncker. EU growth is slowing because EU policy is shit. It turns out having ridiculous regulation, enploying socialist policies, bringing an influx of leeching migrants, and trying to unite different countries with different spending cultures and different levels of healthy economies under one unified monetary policy is autistic. Especially when many of those countries are recovering from economic crises of 2010-11, which was prolonged due to EU policy.

I agree protectionism is bad, but it by no means has gotten any worse since brexit. Hopefully brexit will weaken the EU that those faggots will be forced to accept a real free trade deal with Britain.

Nojokur
Nojokur

@girlDog
since when did Germany leave the EU ?
also Le Pen will not win the 2017 presidential election

Gigastrength
Gigastrength

@cum2soon
EU employing socialist policies
stoped reading there

Methshot
Methshot

Don't forget that the EU has an ageing population, isn't having enough kids so has to draft in the retarded ranks of second and third world countries, has done an absolutely astounding job of not having any tech or IT companies, and of course has the single currency which is useless for managing asymmetric economic shocks - so different countries cannot exact their own monetary policy to manage their unique economies.

The whole thing is a lulzfest and voting Brexit was a fucking rad idea.

Morrissey agrees as well. And this song of his has never been more relevant on reflection of the liberal media's retarded response to Brexit:

https://www.youtube.com/watch?v=wMykYSQaG_c

Sharpcharm
Sharpcharm

they literally produce nothing. it's just a huge tourist playground for rich chinese people

Spazyfool
Spazyfool

@Bidwell
First of all to the retards ITT:
EU =/= Eurozone

To answer your question OP, it's because the euro currency is the most retarded economic endeavour in the history of mankind. Pic very related.

Emberburn
Emberburn

@Methshot
single currency which is useless for managing
Well, the entire idea was 'rope the UK in and make them pay for everything', but that failed out despite the Labour government at the time.
So, it failed but didn't drag the UK down with it. And now the UK is growing again, and the EU is stagnating and likely dropping in real terms.

Ignoramus
Ignoramus

@Bidwell
Keynesian economics at work

Sir_Gallonhead
Sir_Gallonhead

@Ignoramus
Impossible, stagnation can't happen in a Keynesian ran economy

Inmate
Inmate

@Ignoramus
funny you say that, considering the Eurozone is pretty much the gold standard on steroids. Also european bureaucrats literally worship Von Hayek, as they candidly admit themselves

eGremlin
eGremlin

@Nojokur
also Le Pen will not win the 2017 presidential election

Says increasingly nervous Socialist for nth time this decade

FastChef
FastChef

@Bidwell
The increased burden caused by refugees is a big part. The increase in the average workforce also contributes.

happy_sad
happy_sad

@Spazyfool

I'm still wondering why countries like Italy agreed to it.

haveahappyday
haveahappyday

@Ignoramus

Keynesian economics are prohibited in the EU via Maastricht criteria.

TreeEater
TreeEater

@Bidwell

Socialism runs producers off, every time.

Fried_Sushi
Fried_Sushi

@happy_sad
Cultural thing of 'do whatever germany says or they invade'.

JunkTop
JunkTop

@TreeEater

implying the EU is Socialist as a whole

@Fried_Sushi

Come on, their army is pathetic today. Possibly weaker than the Greek one.

Flameblow
Flameblow

@JunkTop
Come on, their army is pathetic today. Possibly weaker than the Greek one.

And yet, they teched up hard for WW2.

TalkBomber
TalkBomber

@JunkTop
Possibly weaker than the Greek one.

ignoring the fact that 99% of the greek, and approximately a third of the global arsenal is made in germoney

if need be they will go into rapemode

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