European Union recovery over. Italy enters triple dip recession

[888jamie888]

Things will be much wrose in future my friend and i was talking about full EU from my first post not single country. There was a guy from Italy i think who was talking BS about BRICS nations and was saying that EU GDP is more than double BRICS and i believe that next year BRICS total GDP will be more than EU GDP

Why would it get worse? I think the economy of the EU is marginally greater than or pretty much equal to that of the BRICS.
But yes next year it will probably be greater.

I saw that other thread, it looked horrendous. Didn't want to get involved in that.

 

[Götterdämmerung]

so what does Italy going in recession mean for rest of the world? or can Germany take care?

Are we the nanny, charity fund, sugar daddy or idiot of every inept state of the EU?

 

[Schutz]

Things will be much wrose in future my friend and i was talking about full EU from my first post not single country. There was a guy from Italy i think who was talking BS about BRICS nations and was saying that EU GDP is more than double BRICS and i believe that next year BRICS total GDP will be more than EU GDP

Yet our population is tiny in comparison, the GDP for most of the EU is pretty much PEAK for any nation so growth obviously stagnates/moves slow and for the poor countries such as those in BRICS they will obviously rise alot faster as they are starting alot lower down the lader. Countries like China/India could never achieve a GDP per capita close to any European nation especially standard of living and whilst Italy isnt the wealthiest country in the EU or in a good economic state, I would gladly say that life expectancy, medical treatment, welfare and quality of life will always be vastly higher than any BRICS nation.

 

[sherin616]

1 down many to go

 

[ChineseTiger1986]

Yet our population is tiny in comparison, the GDP for most of the EU is pretty much PEAK for any nation so growth obviously stagnates/moves slow and for the poor countries such as those in BRICS they will obviously rise alot faster as they are starting alot lower down the lader. Countries like China/India could never achieve a GDP per capita close to any European nation especially standard of living and whilst Italy isnt the wealthiest country in the EU or in a good economic state, I would gladly say that life expectancy, medical treatment, welfare and quality of life will always be vastly higher than any BRICS nation.

Italy isn't the biggest EU member, but you need to understand the domino effect that can potentially affect the economic structure of the already stagnated EU.

 

[tranquilium]

so what does Italy going in recession mean for rest of the world? or can Germany take care?

Historically, it is Italians' job to make life difficult for Germans.

 

[Superboy]

Historically, it is Italians' job to make life difficult for Germans.

Rommel agrees

 

[ChineseTiger1986]

Historically, it is Italians' job to make life difficult for Germans.

Italians always caused the troubles for Germans to clean their a$$.

 

[liall]

Are we the nanny, charity fund, sugar daddy or idiot of every inept state of the EU?

Germany been bailing out everyone in Euro lol

 

[Shahmir]

Buy more Euro Typhoons to show off and go into recession.

Why should Germany keep on supporting Italy and Greece, ditch them.

For each euro that german government donates them in the form of bailout , the german companies earn perhaps 2 euros in return from these countries. Germany is forced to do so as it wants to save Euro currency at every cost since germany is the biggest beneficiary of common euro currency. These countries have a significant share of imports from german companies particularly automobile companies.
Germany distributed its wealth to the southern countries like Greece, Italy, spain, portugal etc. 14 years ago when it adopted euro and abolished its own currency german mark, it even suffered economically at the beginning of this shift from 2000-2006 but afterwards these same southern countries provided an easy market for german exports. Now germany is in economic dilemma as it cannot come out of common currency euro and at the same time has to pay the price to keep the common currency euro intact by providing financial bailouts to the sluggish economies of southern europe so that they don't default.

 

[senheiser]

Putin controls europe not merkel. He can decide when europe goes into recession again.