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Old 23.06.2016, 01:09
greenmount greenmount is offline
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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So what? Downturns and crisis have happened before 2008; however, it has never taken as long to recover with prolonged austerity measures making the eurozone an unhappy place for many. If the EU is proving it doesn't work 8 years after a downturn, well hey..
Unfortunately, not only the eurozone suffers from the effects of prolonged austerity measures. There are so many countries, in and out of EU, which cannot find a way to recover. Austerity measures are necessary if you spend more than you produce. Also, there is no common tax policy so I don't know why the EU gets the whole blame for problems that each country should deal with. (among other issues related to taxation, please read Blueangel's post)
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