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Utopia Talk / Politics / Europe in recession
habebe
Member
Sat May 01 12:56:24
http://www...0/business/europe-gdp.amp.html

Locking down and viewing direct covid deaths as the sole threat from covid was flawed.

Its sounds harsh, but its practical. Recessions and lockdowns have consequences that can be long lasting.Mental health takes a toll, general health takes a toll etc. these are real tangible consequences.

US/China are recovering while Europe sinks into recession.
Sam Adams
Member
Sat May 01 13:50:41
Lol.

Europe: brags about their socialist health system and covid response.

In reality europe has:
Similar death rate
Less freedom
More economic damage
Shitty vaccines
Habebe
Member
Sat May 01 14:05:23
Is the death rate similar? I was under the impression that the US rate was noticeably larger? I havn't checked the numbers lately though.
Sam Adams
Member
Sat May 01 14:10:50
Ya, its pretty similar. Some places, like germany, have fewer deaths per capita. Others, like the UK and Italy, have a bit more.

Overall its very close when you put europe together as a whole.
Habebe
Member
Sat May 01 14:23:01
Makes sense. We have some states that do better or worse.

Vaccinated populations and opening up seem to be the game changer.
jergul
large member
Sun May 02 04:55:45
Two 2 trillon dollar relief bills?
Rugian
Member
Sun May 02 05:09:36
Jergul

I don't exactly know why you brought that up, but you may as well quote the full figure. It's five relief bills totaling $6 trillion.
Daemon
Member
Sun May 02 06:27:26
If all else fails we can still go to war and claim that the virus escaped a Polish lab.
Habebe
Member
Sun May 02 11:23:35
A Polish nationalist lab.
Nimatzo
iChihuaha
Sun May 02 14:57:58
”I don't exactly know why you brought that up,”

No reason at all for Jergul to bring that up. Just keep printing money, it has no cost or consequence. Inject the steroids, pedal to the metal bro. YOLO.

Habebe
Member
Sun May 02 15:01:27
Hasn't the EU stepped up releif payments for over a year now?
Habebe
Member
Sun May 02 15:01:48
More likely through individual states.
Habebe
Member
Sun May 02 15:06:24
Britain follows Spain, France, Italy and others that have decided to continue expensive furlough programs far beyond the few months initially planned and budgeted for. In Germany, where the model originated, policymakers have extended their version all the way to the end of 2021.

http://www...ec_story.html%3foutputType=amp

This is just.one part, but increased good stamps and unemployment was part of the US stimulus bills. I thought the EU nations took similar measures as this article suggests.
Habebe
Member
Sun May 02 15:07:42
I seen one article that had Germany alone at 1.3-1.6 trillion.

*However Im not sure if that was what they were spending or losses revenue or both.*
Nimatzo
iChihuaha
Sun May 02 15:11:50
Not nearly as much and it isn’t helicopter money, it is from the usual budget.

Habebe
Member
Sun May 02 15:13:51

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.
https://www.ft.com/content/93d6d804-af00-4d6c-9d5a-3e4f1607b142

To this end, in 2020 alone, Europe implemented budgetary supports equal to 7 per cent of gross domestic product and liquidity supports of 17 per cent of GDP, while the US stimulus figures were 10 per cent and 7.7 per cent. There is a difference, but it is not as significant as suggested by some. Critically, a focus on scale understates the size and transformational nature of the support being provided, particularly for the EU economy.

http://www...04-af00-4d6c-9d5a-3e4f1607b142

So it's not as though EU nations havn't spent stimulus.

Id be curious to see total government expenditures ofnthe US and the EU over the last year and a half.
Nimatzo
iChihuaha
Sun May 02 15:17:19
Maybe I am wrong, but I remember reading something.

Unsound money, is unsound whoever is printing it.

Buy bitcoin.
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