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Microsoft getting nervous about Europe's tech independence
(www.theregister.com)
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this post was submitted on 01 May 2025
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Ask Croatia, Ireland, Cyprus, Estonia, Finland, France, Germany, Latvia, Lithuania, Luxembourg, Malta, Slovakia andSlovenia if they are? Hint, they absolutely are.
Any union with such a variety of policies will have winners and losers for every project and legislation. Sometimes that will be individuals, sometimes countries. The point is that most are better off in general and that every country is better off from the sum of policies.
Countries have less control of their individual exchange rate. That was problematic for Greece, who underwent austerity, successfully I might add as access to the EU wide economy and trade, including (over)tourism is what's taken them back from the brink.
In terms of larger countries, it has been beneficial for France and Germany, less so for Italy, but also less of a problem and less of the fluctuations the lira used to suffer.
It's just a way for the wealthy metropoles to turn poorer members of the EU into neocolonies. Yeah, it's great for rich Europeans! Not so much for everyone else. Without the ability to deficit spend (because they lack currency sovereignity) they are forced to do austerity and privatization. It's just financial imperialism.
It's a bad system and it will collapse.
You do know that these wealthier countries pay more into the EU and the poorer countries get structural funding for infrastructure etc to help them catch up to the wealthier?
It isn't to help them catch up, it's to keep them limping along without collapsing entirely, while at the same time keeping them dependent so they don't think of trying to escape. It has the same function as the IMF/World Bank.
Lol, no. It's to help them catch up so they can purchase products the wealthier countries sell. It's mutually beneficial.
And yet they never catch up. Why do you think that is?
The goal is to keep them weak and dependent, not help them stand as equals with France and Germany.
Lol, yes they do. Look at Ireland and Croatia. Ireland has gone from being one of the poorest to wealthiest. Croatia is moving that way.
Wealthy countries all continue to grow also, obviously. So it's the rate that matters, so gaps close and people are better off on average.
Imposed by the EU. There's nothing holy about the EU and no, he IMF is not helping those in need. Nor is the ECB.
Which worked. It also worked for Portugal and Ireland. Greece may or may not have been able to correct their issues on their own. However, there were lots of structural issues, including cultural issues around taxation.
Worked? For banks and private interests sure,definitely did not work for the people.
In what way? I thought unemployment was down significantly, which is a big help for a lot of people.