Caught wind of this story myself in the news and thought the exact same. This guy is funny.

Welp. Another blow to us because we've become the biggest boogeyman in the EU, with the UK out.

https://www.ft.com/video/96240572-7e35-4fcd-aecb-8f503d529354

Never mind that there are like 8 other countries that don't want Eurobonds either.

Do you know when is the point of no return regarding this issue ?

Is there one? Honestly it just seems like bickering now, with the major players at an impasse. I guess Italy or Spain could call an ultimatum or something, but I heavily suspect it won't come that far.

For further funding compromises will be made that both sides can sell to their electorate.

That's it, this can continue for a while, half solutions can be found, and during this time the virus will do more casualties, even do a "second wave".
Countries will fall deeper in recession. Mutation is what is really scares me. Yet experts are talking about a "double recession".

Macron is for a political union, France will push for a common debt bag. Will take time:

End of the year.

This post was edited by Saucisson6000 on Apr 17 2020 07:51am

A big problem with the EU is federalists like Macron are constantly pushing for closer unions even if it's at the expense of other member states. There will always be factions in the EU of country leaders and governments to whom the union means something quite different to them.

Is it any surprise it's the poorer EU countries plus France, who have a strong economy but very high debt/GDP, are pushing for coronabonds to reduce their interest charges? The ECB is already buying 1tr in bonds and distributing the cash to member states...

There's plenty of this and often the most and least are the same countries..

It's because federalists have a long term mentality. A european state would only be at the expense of some states in the short term... in the long term we would all benefit.

The EU's population is around the population of the US and Russia combined, while also being rich, developed and with a solid industrial and technological infrastructure. If we were a single country, we would have all the ingredients needed to become an independent superpower just like them.

In the long run, if a federation doesn't prosper, the richest countries in Europe will at the very most hope to be at the level of Japan. A solid prosperous country, but with no true geopolitical power... at the end of the day, they do not shape the world and are forced to adapt to the circumstances countries like China or the US push on them, either directly or indirectly.

I think that settling with that is unacceptable for Europe. We can aim for something better. We need to be ambitious, like our ancestors, which built pretty much built the foundations of the western world as we know it. Rome wasn't built in one day, but the struggle to build it was well worth it. I truly believe that it's an insult to ourselves if we lack the ambition to achieve the status our potential demands.

Our Europeans ideals of secularism, social services, ecology, ethical and health control over corporate excesses, freedom, progressiveness, etc... even among conservatives.... is distinct to that of USA, Russia and China, and it forges a cultural identity I believe is beneficial, and we should defend it. Accepting a secondary role in this world, and live our lives at the expense of the other three superpowers, threatens our way of life in the long run.

Is it really surprising that Trump, Putin and Xi are against furthering such a political union? They want to softcolonize their half of the continent like in the Cold War, or tie us up with a (New) silk (Road) rope. It's sad that they understand our potential better than we do.

This post was edited by zarkadon on Apr 18 2020 04:12am