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66. Re: Morning Metaverse Oct 14, 2013, 20:15 Quboid
 
scarlet wrote on Oct 14, 2013, 17:46:
Quboid wrote on Oct 14, 2013, 17:32:
You guys realise that the EU hasn't actually disappeared into a black hole? Some of the countries have very serious debt problems, sure, but we're still here. I'm still here.

Most of the EU has economic growth and only the basket cases (Greece and Cyprus) are showing big problems. Spain and Italy are still struggling, not as much but as they're much larger countries any problems are magnified.

Europe has big problems. Suffice it to say, growth rates in Europe are pretty anemic like the US right now. The highest performing economy is Lithuania at 3.6%, but they are very different from the rest of Europe as they've gone through some serious waste-cutting to get where they are. Norway is at 3% but most are much lower (Greece is at -6%). The stalwart powerhouse, Germany, is only at .7%. I wouldn't be rejoicing over that. If that's the high bar, I'd hate to see things get worse.

I'm certainly not rejoicing. I just think that comments describing the EU as disappearing into oblivion are so devoid of reality to be worse than useless in any discussion. Exaggeration is one thing but this (and some other comments in these always helpful and conclusive discussions) seems to be an exaggeration of the idea that the EU is in big trouble. It's not doing well but I have to wonder why some people seem to think it's teetering on the edge.

(Time-machine? As in the EU is gone and I'm posting from the past? Sorry, that joke went over my head )
 
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- Quboid
 
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