the overprinting money comes as a result of over spending. the two go hand in hand. never has there been massive debts without massive increases in government spending.
Fuel prices increased not explicitly due to Russia special operation in Ukraine but due to EU own stupidity of banning Russia cheap fuel to EU + the consequences of bombing of the nordstream pipeline. Who is responsible??
Interesting news, the EU follows the US in complaining about other countries' government subsidies and dumping of cheap goods, raising tariffs, and on the other hand complaining that its own government is not spending enough and its people are asking for too much
Russia is booming economy and China doing the same and Russia has minerals and oil and gas and grains and nuclear fuel and other resources given to China and Africa countries and Latin America countries
The only difference is, while the US itself is heavily subsidising its Industry with tax cuts and free money, none of the member states in EU are doing the same, because its simply forbidden under WTO rules. So no, the EU doesn't follow the US, the EU actually has a real claim complaining about what happening everywhere else in the world.
@PerriBelcourt Russia has a war economy of course it's gonna be like that. It was the same with the U.S. The issue is that Russia, unlike the U.S, it won't be able to maintain such an economy. Because many countries can easoky divert their wealth towards country that has oil and other resources
Then you want to give 7 billion Euros to Ukraine every single month. Either you have to be extremely socialist to support that, or simply forget it, because you know the average person is not entirely crazy to pay outside while having austerities at home...
@@marcoac-sx6lqProblem is they spent decade enjoying Cheap Russian gas, once it was taken away by themselves, they forgot they had less to spend now.Look at Germany, companies are leaving for elsewhere.
Yeah, he is right. Italy running a debt level of 140% its GDP and paying 4-5% interest rate on it doesn't really matter. (I hope you get my sarcasm) These MMT economists truely think that money comes from nowhere.
@@sebastiaanl9876Russia will not sink they have natural resources that EU doesn't have . EU sanctions Russia expecting to sink but the reality EU is suffering not Russia.Russian economy is growing while EU is scrambling.india economy is growing
@@deatthknell Oh yes, lovely. You can literally still find Bosch sensors or similar inside of russia military hardware. But they have to buy it from third countries and can't buy it directly from germany. That makes extra costs and logistic delays for russia. That means more ukrainian hluses and hospitals saved from bombardment❤
oh well croatia is in massive debt ever since the 90s and the government is just making it worse and blame everyone but themselves for it which is quite ironic since they(HDZ) have been convicted as a criminal organization in COURT and are often criticized for autocracy and corruption.
Yeah... Specifically in interest debt payments resulting from saving the banking sector of their own greed. If you check the growth in debt from 2007 to 2012 you can see after bailing out a lot of banks many of these over spenders haven't recouped the money they've put in.
The truth would be awkward. Imagine to show the actual countries and the Maastricht criteri. Bring up BSs like this "Is Europe drowning in debt?" No. ...But some of the actual memberstates of the EU are.
You have to abandon reason and rationality, to follow along with European reasoning at this point. It seems so hard to realize the delusions of economic,military and technological superiority is evaporating.
This Ukraine war is going to ruin europe. Our official position is wrong, dreams are dreams , reality is reality, not the same as dreams. >Negociations should have been our position, as well as humanitary help, for both parts. If the EU is spending money, sure it is not with us europeans!
Talk about a partial way of speaking about a topic. Journalists can ask "at what speed did the cars collide?", "at what speed did the cars bump into each other?", or "at what speed did the cars crash into each other?", and they'll choose the version that feeds their narrative.
Europeans are spending too much money for war; not peace, development and prosperity. Germany has been the only country in Europe had a real economy which is manufacturing, engineering and industrial products. Its main markets were Russia and China. But because of US and UK, Germany is against these two great nations including sanctions on them. Russia has not been only the source of Germans raw materials but also huge and lucrative market and investment. .
It might surprise you, but some people (like we germans), like peace and humanity more than cheap energy from russia😙 Some people actually have the balls to stand with their morals. They are rare, but we germans prove they exist.
Need to correct this, the actual issue is either people are not productive enough (tax not high enough) or the quality of living people expect is too high (they cant afford it).
The efficiency of a government is defined by its administrative costs - equaling its tax rate. Would suggest they start reducing costs like every company has to do during difficult times. 😉
@@azamatshayakhmetov1825no you have cringy military parades instead. Maybe the russian soldiers should spend more time learning to fight, instead of learning how to march in a silly way...
@@azamatshayakhmetov1825 you don't have freedom of speech and fair elections either... I think I'll take LGBTQXYW & BLM any day of the week 😉 Moreover, if our countries are that bad... can you explain to us why the kids of your elites (politicians, oligarchs,...) study and often live in Western Europe ? Especially since they keep telling us there's nothing better than Russia 😂
France, Italy (2nd and 3rd biggest economy) running 110 & 140% debt to gdp with over 5% budget deficit but he doesn't think there is a problem, it can be fixed with fiscal adjustment 🤔 it means : Do not increase pension, cut welfare, increase taxes, reduce infrastructure spend, take away energy bill support ? Not sure why he is so optimistic and saying not to worry it can be done.......
Ten years ago, French unfunded future commitments equated to something like 500% of GDP. That number has grown since. Pretty much all the EU states have been hiding the majority of their debt in order to get around the rules.
"Reality" is that fiscal discipline will lose in every election compared to free and easy spending if the money lands in the voter's palm. The big problem with democracy is the will of the people will reflect short term personal benefit and ignore necessary long term policies. So politicians will have to fall in line...or become unemployed.
Everything will resolved by sending more money to Ukraine and then postponing the Ukraine repayment deadline as it was done a week ago, and instead going after Russia frozen assets to cover the deficiency 😂
Hint: 5% of an already small ~2% GDP military budget rerouted to ukraine does not explain the 5% GDP fiscal hole in some countries. Those have just mismanaged their money. Look at germany, one of the biggest supporters. Plendid low debt.
@@JG-xi4tu to keep things going and prwvent pressure on both poulation and indistries they had to heavily subsides energy and services. In 2023, almost one quarter of German small and medium-sized industrial companies say the high energy prices endanger their survival, according to a survey by the Federation of German Industries (BDI). “Rising electricity and gas prices are threatening to crush the economy,” said BDI President Siegfried Russwurm in 2023. Ukraine war cost Germany at least 160 billion euros during 2023. The Federation of German Industries (BDI) is forecasting marginal economic growth of 0.3% for Germany in the current year, while the global economy is expected to grow by 2.9%. "Germany's economy is at a standstill. Compared to most other major industrialized countries, our country is falling further behind. We do not see any chance of a rapid recovery in 2024," said BDI President Siegfried Russwurm in Berlin.
@@JG-xi4tu to keep things going they had to heavily subsides energy and services for both houshold and indutries. Almost one quarter of German small and medium-sized industrial companies say the high energy prices endanger their survival, according to a survey by the Federation of German Industries (BDI). “Rising electricity and gas prices are threatening to crush the economy,” Ukraine war expected to cost Germany 160 billion euros by 2023. The Federation of German Industries (BDI) is forecasting marginal economic growth of 0.3% for Germany in the current year, while the global economy is expected to grow by 2.9%. "Germany's economy is at a standstill. Compared to most other major industrialized countries, our country is falling further behind. We do not see any chance of a rapid recovery in 2024," said BDI President Siegfried Russwurm in Berlin.
@@Pauli650 No, I had the vaccine and some boosters. Do you know why? I had a good example! My brother didn't had them and died at 46 years of age of Covid. His doctor thought he would survive and didn't let him go to the hospital. Covid destroyed his lungs. He died after a death struggle at home on the floor of his bedroom at 5 o'clock in the morning. Alone, while his wife sleeping downstairs. He left 2 young children.
This business of ALLOWING any % of DEFICIT to GDP ratio is a problem. All is means is you are permitting countries to spend more than they take in EVERY YEAR and the DEBT increases by that much more. You have to have consecutive budget surpluses to stop the growth of further debt and start reducing the debt over time. If you accumulate a lot of debt, once interst rates go up, more money has to ne used to serivice the debt. Keep printing money, the value becomes less and you need more currency to keep up. At that point, you create the conditions to let things spiral out of control.
For decades the EU has been in the top position, when the Ukraine and Russia war occurred, I was shocked that the EU was dependent on other countries' energy sources. with the technology and money they should be able to invest in renewable energy themselves.
Is it accurate that European Union members are facing 3% budgetting issues while at the same time many Nato members are not meeting the 2% threshold? If this is true I would love to better understand the reasoning behind this and it would need to be a very prominent political discussion amongst the collective west.
Off course it is overspending. And the problem is in what is being spent: all kind of silly things, in essence with ideological motivation and in order to buy votes, and on the way putting brutal pressure on the tax payer. Off couse, as always, the conservatives / right will have to fix it and take the blow.
Title: Is EU drowning in debt? Expert: No. Comment section: The EU is drowning in debt. Don't breed, please. If you do, at least stay outside of the EU.
Hilarious. The only thing that the economist is missing is an EU t-shirt. He should change his name to: JACKANORY, tell us a story. The media is a joke. The EU is a bigger joke. How do you know when the EU is lying??? Their lips move.
Over-spending is the consequence when Italy, France and six other countries risk breaching the EU bloc’s tough public spending rule to deliver reforms. The EU rules on public debt and deficits are the cornerstone of eurozone membership. Countries using the single currency are asked to limit deficit spending to three percent of GDP and overall debt to 60 percent. Italy’s mountain of debt that is expected to balloon to a huge 136.8 percent of GDP, the highest in the eurozone. France’s debt is expected to hit 98.9 percent of GDP. The European Commission proposed to reform the Stability and Growth Pact that limits how much EU countries can borrow. The pact says states’ public deficits should not go above 3% of gross domestic product (GDP), and debt should stay below 60% of GDP.
EU should be able to balance their budget with the high tariffs they are imposing on imports from China. In fact US may even get a surplus with their 100% tariff. Woes are their citizens.
I do not believe this is not a dangerous trend - to the National Budgeting, but certainly private budgeting, as well as eventually EU budgeting. Look at the Issues there are in Greece. If this continues it is a great problem. Specially when funding is needed by governments, which need private investments, when no investments can be done, a government has to spend more to obtain loans for other purposes, which definitely has a negative effect on the whole nation, and than has a European negative effect, and overall negative effect. When this for instance stands in the way of important challenges like, a war effort, etc etc etc. As an economic highly educated person, with 25+ years of experience, I am 100% certain this is a trend which indicates it will grow into a problem, which leads to even bigger problems, EU nations needing to hand out loans to other EU nations, while most already need to up their investments because of...a war effort. This is therefor at this moment, already a grand issue. And will lead to bigger issues, of which some will show as crisis on crisis on crisis.
Debt bubble will burst. Too pay the debt the economy have too grow, but inflation destroying the economy. Who makes the inflation?? THE ECB!! PRINTING MONEY IS INFLATION, AND DEBT.
5 billion Euros will Eu send to Ukraine. The EU members are already in dept. Greece, Italy, Spain, France and Belgium over 100% of national GDP in dept. So France is a superpower in dept. Europa is buying energy for far higher prices than before the war. Besides we buy NLG, which is among the most non envernimont friendly solutions of gas delivery. And they are talking of green deal. What a shame. Besides, all the bombing in the war is very envornement friendly too. The hypocracy is unbeliewable.
Too much spending mean too much corruption.
Hookers and lawyers too expensive nowadays.😮😮
Too much immigration means too much spending.
Especially france, they should leave all African gold and uranium mines so that the people won't come back to them for it. @@ymx7947
One of the reason why France is still breathing, is Africa. They been milking their former colonies pretty well. French people are always on holiday…
And now russia and china are taking over from france😂
And thats exactly what ruzzia and china will do now
Not overspending but overprinting money
oh hold up here comes the expert
i have started to suspect that...
Guys haven't been printing in almost 3 years.
the overprinting money comes as a result of over spending. the two go hand in hand.
never has there been massive debts without massive increases in government spending.
Maybe Russian credit cards big scam😮😮
EU buying Russian OIL double the price instead buying directly to Russia🤡🤡
Botnik
@@Mike-br8zttaras
400% from democratic USA. 😁😁
Eventually you run out of other people’s money.
Fuel prices increased not explicitly due to Russia special operation in Ukraine but due to EU own stupidity of banning Russia cheap fuel to EU + the consequences of bombing of the nordstream pipeline. Who is responsible??
I did it accidentally. I was careless, please accept my apologies 😂
No problem sir
Stupidity to not support ru side by bying their oil? Smartest move.
Not having energy dependence on a country you may go to war with is simple common sense...
we are drowning in dumb people. Mostly in the comments sections of social media
A real expert arrived at last. Welcome 🎉 @quranyeshua
What's your view?
Smart end with a "A..s"
Make an intelligent comment then
....i would say mostly in country leadership tbf
And you are the best example...
Interesting news, the EU follows the US in complaining about other countries' government subsidies and dumping of cheap goods, raising tariffs, and on the other hand complaining that its own government is not spending enough and its people are asking for too much
Russia is booming economy and China doing the same and Russia has minerals and oil and gas and grains and nuclear fuel and other resources given to China and Africa countries and Latin America countries
If you look a wages it is underspending.
The only difference is, while the US itself is heavily subsidising its Industry with tax cuts and free money, none of the member states in EU are doing the same, because its simply forbidden under WTO rules. So no, the EU doesn't follow the US, the EU actually has a real claim complaining about what happening everywhere else in the world.
@@MarcusBach-t2q I agree, unfortunately though we will be forced to follow the rest of the world in this "protectionism".
@PerriBelcourt Russia has a war economy of course it's gonna be like that. It was the same with the U.S. The issue is that Russia, unlike the U.S, it won't be able to maintain such an economy. Because many countries can easoky divert their wealth towards country that has oil and other resources
If the bill at the bar is covered all the time by someone else, you probably drink a little more than you would if you had to pay yourself.
This is not the problem. Some of these countries cannot really reduce spending anymore. The problem is about increasing GDP
Then you want to give 7 billion Euros to Ukraine every single month. Either you have to be extremely socialist to support that, or simply forget it, because you know the average person is not entirely crazy to pay outside while having austerities at home...
@@marcoac-sx6lqProblem is they spent decade enjoying Cheap Russian gas, once it was taken away by themselves, they forgot they had less to spend now.Look at Germany, companies are leaving for elsewhere.
Also @@TwiceStruck
@@marcoac-sx6lq I think i understand. To ask for more taxes especially from the top-income-clientele you get in political trouble soon.
Centralized government systems always grow their wealth and power at expense of citizens.
I don't know where you live but in my country money are spend on people. Much more than state get in from taxes.
@@andrejturan2525 So sad you believe that. As gov expands, more and more resources go toward enriching the bureaucrats.
@@andrejturan2525What country and city do you live?
@andrejturan2525 you can't spend more money than you get in taxes that is called debt
@@mourka01 States can have other forms of income than taxes like mining, oil, companies and so on.
Yeah, he is right. Italy running a debt level of 140% its GDP and paying 4-5% interest rate on it doesn't really matter. (I hope you get my sarcasm) These MMT economists truely think that money comes from nowhere.
It does not. It comes form the interest you pay in your loans.
France arrives soon to that level as well...
You should consider that high debt ratio mean different levels for different countries...which is mirrored in the interest rate they pay...
I can't understand why NATO wants to expand to Asia
They need to keep their job so adding China with Russia will not disband NATO.
When everything else fail, they take you too war.
USA domination...
gangster mentality....... hate to ruin your -suit- economy
Its a profitable franchise lately.
Keep buying Russian oil from India with a 40% mark up....hahaha
Don’t matter India is poor ( their people) only a few India profit from it. Russia will collapse then oil will be less
@@sebastiaanl9876Russia will not sink they have natural resources that EU doesn't have . EU sanctions Russia expecting to sink but the reality EU is suffering not Russia.Russian economy is growing while EU is scrambling.india economy is growing
@@sebastiaanl9876 India is the next china
@@tatendawilson3057Russia has had 2 years of negative growth out of the last 4. Not exactly sailing
It's a good deal for both India and the EU. Not so much for russia, who has to sell the crude oil to india with a discount... 😄
Took 2.5 min on Blame Russia
They never mentioned the printing of money by Central Banks.
Energy prices have been one driving factor.
Energy prices have soared following russia's war of agression against ukraine.
Are facts too hard for you?
@JG-xi4tu in your opinion, did the sanctions help?
@@deatthknell Oh yes, lovely. You can literally still find Bosch sensors or similar inside of russia military hardware. But they have to buy it from third countries and can't buy it directly from germany.
That makes extra costs and logistic delays for russia. That means more ukrainian hluses and hospitals saved from bombardment❤
@@JG-xi4tu but aren't you still buying Russian oil and gas from third parties at higher prices?
As long as the US reprentative in EU von der leyen is there, Europe is on its "correct" direction: drowning in debt
Lol. How does the US representative at the EU have control over how much money EU countries spend ? Lol
Russia is to blame for energy costs? What else is Russias fault?
It won't stop raining in my country. Definitely because of Russia 🤣
@@deanosaur808what else could it be 😂😂
oh well croatia is in massive debt ever since the 90s and the government is just making it worse and blame everyone but themselves for it which is quite ironic since they(HDZ) have been convicted as a criminal organization in COURT and are often criticized for autocracy and corruption.
Yeah... Specifically in interest debt payments resulting from saving the banking sector of their own greed. If you check the growth in debt from 2007 to 2012 you can see after bailing out a lot of banks many of these over spenders haven't recouped the money they've put in.
Shhh, lets not talk about the 60% debt limit.....might upset half of the eu members....
The truth would be awkward. Imagine to show the actual countries and the Maastricht criteri.
Bring up BSs like this "Is Europe drowning in debt?"
No. ...But some of the actual memberstates of the EU are.
You have to abandon reason and rationality, to follow along with European reasoning at this point. It seems so hard to realize the delusions of economic,military and technological superiority is evaporating.
Austerity and cutting spending was proven to be a giant failure.
Citizens aren’t gonna want to pay for private companies debt again.
Sounds like these countries need to reassess their spending and work on infrastructure in-house resources.
This Ukraine war is going to ruin europe. Our official position is wrong, dreams are dreams , reality is reality, not the same as dreams. >Negociations should have been our position, as well as humanitary help, for both parts. If the EU is spending money, sure it is not with us europeans!
Ahh send more money to Ukraine.
Maybe now they will have to send soldiers to Ukraine😢😢
@@skreety0455Cheaper to send cash, soldiers need a paycheck, uniform, weapons, food, water and clear cut White flag.
Kremlin trolls agitate for better support? Some cogs must've broken in the system
@@netiturtleipso bot start thinking?
@@netiturtleKiev troll activated.
Talk about a partial way of speaking about a topic. Journalists can ask "at what speed did the cars collide?", "at what speed did the cars bump into each other?", or "at what speed did the cars crash into each other?", and they'll choose the version that feeds their narrative.
This is getting interesting. No more money might even stop the war.
Overspending on overprinted money.
Europeans are spending too much money for war; not peace, development and prosperity. Germany has been the only country in Europe had a real economy which is manufacturing, engineering and industrial products. Its main markets were Russia and China. But because of US and UK, Germany is against these two great nations including sanctions on them. Russia has not been only the source of Germans raw materials but also huge and lucrative market and investment. .
Germany has done itself a disservice. They believed Russia would loose in 6 months. It was a huge gamble, and it failed.
It might surprise you, but some people (like we germans), like peace and humanity more than cheap energy from russia😙
Some people actually have the balls to stand with their morals. They are rare, but we germans prove they exist.
They don't spend enough on war. People spend too much on phones, electric car, the wife etc 😂
@@JG-xi4tu America is the problem here, not Russia.
@@JG-xi4tu How are your industries? Heard China and the US is enjoying your country companies.
No problem. We just import 100-150 million immigrants. Let them pay that debt
Europe has lost its identity hence is tear up right and left
EU going broke and they are worried about China 😂
Need to correct this, the actual issue is either people are not productive enough (tax not high enough) or the quality of living people expect is too high (they cant afford it).
Gas was cheap in the past.
@@kickDustPedestrian a resource like that is only ever at the price it should be.
@@3d1e00 But it's an own goal.
@@kickDustPedestrianmost parts off the eu aren´t using gas anymore
@@MathyBoonen Good
Single currency makes the fallout worse when collapse happens.
The efficiency of a government is defined by its administrative costs - equaling its tax rate. Would suggest they start reducing costs like every company has to do during difficult times. 😉
Maybe if NATO ran their economies better they'd be more like Russia, with the lowest debt level in the world and 3.5% growth.
You forgot the impressive standard of living in Russia, oh wait nvm... you have non
@@vexzi3963 yeah we dont do lgbtqna and blm parades here
@@azamatshayakhmetov1825no you have cringy military parades instead. Maybe the russian soldiers should spend more time learning to fight, instead of learning how to march in a silly way...
@@azamatshayakhmetov1825 you don't have freedom of speech and fair elections either... I think I'll take LGBTQXYW & BLM any day of the week 😉
Moreover, if our countries are that bad... can you explain to us why the kids of your elites (politicians, oligarchs,...) study and often live in Western Europe ? Especially since they keep telling us there's nothing better than Russia 😂
@@thegreatdane3627 LOL... You obviously believe the MSM... The Russians know how to fight that is why they are winning big in Ukraine...
France, Italy (2nd and 3rd biggest economy) running 110 & 140% debt to gdp with over 5% budget deficit but he doesn't think there is a problem, it can be fixed with fiscal adjustment 🤔 it means : Do not increase pension, cut welfare, increase taxes, reduce infrastructure spend, take away energy bill support ? Not sure why he is so optimistic and saying not to worry it can be done.......
Euro spending themselves into bankruptcy
Ten years ago, French unfunded future commitments equated to something like 500% of GDP. That number has grown since. Pretty much all the EU states have been hiding the majority of their debt in order to get around the rules.
US is in debt
EU is in debt
real question is who are we indebted to ....? ✡️🇮🇱
"Reality" is that fiscal discipline will lose in every election compared to free and easy spending if the money lands in the voter's palm. The big problem with democracy is the will of the people will reflect short term personal benefit and ignore necessary long term policies. So politicians will have to fall in line...or become unemployed.
Yeah, I as a voter prefer my money in my palms, thankyou...
Everything will resolved by sending more money to Ukraine and then postponing the Ukraine repayment deadline as it was done a week ago, and instead going after Russia frozen assets to cover the deficiency 😂
Bye bye, euroclear
Hint: 5% of an already small ~2% GDP military budget rerouted to ukraine does not explain the 5% GDP fiscal hole in some countries. Those have just mismanaged their money.
Look at germany, one of the biggest supporters. Plendid low debt.
@@JG-xi4tu to keep things going and prwvent pressure on both poulation and indistries they had to heavily subsides energy and services. In 2023, almost one quarter of German small and medium-sized industrial companies say the high energy prices endanger their survival, according to a survey by the Federation of German Industries (BDI). “Rising electricity and gas prices are threatening to crush the economy,” said BDI President Siegfried Russwurm in 2023. Ukraine war cost Germany at least 160 billion euros during 2023. The Federation of German Industries (BDI) is forecasting marginal economic growth of 0.3% for Germany in the current year, while the global economy is expected to grow by 2.9%. "Germany's economy is at a standstill. Compared to most other major industrialized countries, our country is falling further behind. We do not see any chance of a rapid recovery in 2024," said BDI President Siegfried Russwurm in Berlin.
@@JG-xi4tu to keep things going they had to heavily subsides energy and services for both houshold and indutries. Almost one quarter of German small and medium-sized industrial companies say the high energy prices endanger their survival, according to a survey by the Federation of German Industries (BDI). “Rising electricity and gas prices are threatening to crush the economy,” Ukraine war expected to cost Germany 160 billion euros by 2023. The Federation of German Industries (BDI) is forecasting marginal economic growth of 0.3% for Germany in the current year, while the global economy is expected to grow by 2.9%. "Germany's economy is at a standstill. Compared to most other major industrialized countries, our country is falling further behind. We do not see any chance of a rapid recovery in 2024," said BDI President Siegfried Russwurm in Berlin.
Stop sending money to Ukraine.
Stop giving money to Hungary.
@@gluteusmaximus1657 it is hungeryæs money . They pay their share and get their loan. Ukraine owns EU 100 billion already and can't pay back
they cant do that because of easy 10% for the big guys...
No one sending money to Ukraine. Not much, if so..
Mostly outdated weapons - this from European view of course. Top modern 😂 from Russian view. 😂😂😂
@@gluteusmaximus1657 Hungary is a member of the EU and NATO. Big difference.
Russia’s economy is growing because of military spending while Europe economy is falling due to high costs of energy bought from other nations.
When EU borrows money, who is going to pay all that back Germany? what if EU breaks up who is left with this EU debt? Germany?
The wakandians arriving everyday
@@absolutemadlad6340 Wakanda forever!
Someone has wild fantasies😂
Don't you worry about our low debt in germany
@@JG-xi4tu Someone has wild fantasies that someone else will pay back EU, instead of Germany.
Who do you think prints Euro money? where is that bank?
@@Nauda999 Sure buddy🥱
it is a terrible debt crisis if
china has 1% debt
Maybe consumers love cheap Chinese junk😂
And when were CCP financial figures ever truthful ?
Better than over price us junk
9trillion debt. Big companys leaving smaller company go bancrupt. Chinese young people all leaving ro work abroad.
@@blolee-gc1sr I just bought some pork rinds cheap at Costco with my Chinese Bitcoin .
The garden rotting?
Billions Spent on Funding American Geopolitical Imperialism without TAXPAYERS CONSENT ?
🇵🇸🙏🇵🇸💲🇷🇺💲🇨🇳
COVID -- when all of new agencies bankrupted the world by spreading fear.
Covid, when far right internet trolls spread misinformation.
@@patriotzfinder have you gotten your 8th booster yet?
@@Pauli650 No, I had the vaccine and some boosters. Do you know why? I had a good example! My brother didn't had them and died at 46 years of age of Covid. His doctor thought he would survive and didn't let him go to the hospital. Covid destroyed his lungs. He died after a death struggle at home on the floor of his bedroom at 5 o'clock in the morning. Alone, while his wife sleeping downstairs. He left 2 young children.
Marvelous information.
The EU is Overspending.
But NOT it's own Money. It is Overspending the Money it has 'obtained' from East and West Asia.
Debt burden is a suffering from insomnia and borrowing bringing sorrows
You will wake up late
Great analysis
I am astonished the US economy has not deteriorated more than it has from the massive free cash since Covid
This business of ALLOWING any % of DEFICIT to GDP ratio is a problem.
All is means is you are permitting countries to spend more than they take in EVERY YEAR and the DEBT increases by that much more. You have to have consecutive budget surpluses to stop the growth of further debt and start reducing the debt over time. If you accumulate a lot of debt, once interst rates go up, more money has to ne used to serivice the debt. Keep printing money, the value becomes less and you need more currency to keep up. At that point, you create the conditions to let things spiral out of control.
Me, Czech, with CZ debt being something under 50% GDP, hearing the debt of French and Italy:
💀
France and Italy were long bankrupt countries. Lol 😂😂😂
Where are you from?
For decades the EU has been in the top position, when the Ukraine and Russia war occurred, I was shocked that the EU was dependent on other countries' energy sources.
with the technology and money they should be able to invest in renewable energy themselves.
It is refreshing to know that the most developed countries with the smartest people still cannot manage their money.
EU and US is loosing their outlandish position and Asia and Africa is gaining its true position in the world order.
Sure, sure. 😂 Keep repeating it. Maybe one day your mother will belive you.
Oligarches of EU disagree! 😁
Send billions to Ukraine and then cry of debt
The Billions sent is a fraction of the debts. You people are like scratched records 🤡
Is it accurate that European Union members are facing 3% budgetting issues while at the same time many Nato members are not meeting the 2% threshold? If this is true I would love to better understand the reasoning behind this and it would need to be a very prominent political discussion amongst the collective west.
Spending what, oxygen???????
Too much sleeping around and carousing with public funds😂😂
Debt is not bad if it is invested in the country’s economy. And if the GDP of the country can pay back the debt.
The U.S. needs to follow the EU's discipline on setting debt limits.
The US owns the EU
Its already too late to do that.
@@yunusgokcen174How so?
Our oligarchs stopped slowly slowly paying taxes, they decided insted to lend that money to the states and make money on interest.
No
European Deputy’s salary and living allowance are insane !!!! Some of them just have a high school degree! Some saving is possible here.
Problem is more on the growth side
My wife is more than happy with my growth, side chicks too 🤫🤣
Ukraine war is money laundry
If governments spend less
Voters will worry even more
We're trapped in circular deficit spending with rising rates
These corrupts politician was the biggest problem for humanity and country.
Zelensky doesn't like this episode, he wants more money, not less like what this guest suggests 💰
Like the US, EU has been printing its Euro dollars....
Good thing the EU has new rules to handle that 🇪🇺❤
The richest Countries live on debts.
If rich , why can't they live within their means?
EU members talk and discuss money too much; at the end of the discussion, Germany pays always for everything...
Off course it is overspending. And the problem is in what is being spent: all kind of silly things, in essence with ideological motivation and in order to buy votes, and on the way putting brutal pressure on the tax payer. Off couse, as always, the conservatives / right will have to fix it and take the blow.
Of!
Title: Is EU drowning in debt?
Expert: No.
Comment section: The EU is drowning in debt.
Don't breed, please. If you do, at least stay outside of the EU.
Mr. Austerity over here.
Hilarious. The only thing that the economist is missing is an EU t-shirt.
He should change his name to: JACKANORY, tell us a story.
The media is a joke. The EU is a bigger joke. How do you know when the EU is lying??? Their lips move.
No one will guess you are British 😂
@@deanosaur808 Wrong again.
Don't think so, Japan have more than 200% debt over GDP. EU can borrow for US purpose especially on defense issues.
Not for Germany, France, UK, Italy, as weapons supplies to IDF is great business
I am certainly not. I save money each month, so I become ever wealthier. And no debt.
You still owe me money 🤨
@@deanosaur808 Sure. In Harry Potter galleon currency...
Ursula Vonderliar is worse than Madoosa. She needs to be removed ASAP
Over-spending is the consequence when Italy, France and six other countries risk breaching the EU bloc’s tough public spending rule to deliver reforms.
The EU rules on public debt and deficits are the cornerstone of eurozone membership.
Countries using the single currency are asked to limit deficit spending to three percent of GDP and overall debt to 60 percent.
Italy’s mountain of debt that is expected to balloon to a huge 136.8 percent of GDP, the highest in the eurozone.
France’s debt is expected to hit 98.9 percent of GDP.
The European Commission proposed to reform the Stability and Growth Pact that limits how much EU countries can borrow.
The pact says states’ public deficits should not go above 3% of gross domestic product (GDP), and debt should stay below 60% of GDP.
Euro central bank? What does govern? Not any Euro countries 😭
Dumb
France will just take out mineral resources out of Africa and that will help them tremendously
Some call it war mongering. We all dance to Biden's money printing music and never ending wars.
EU should be able to balance their budget with the high tariffs they are imposing on imports from China.
In fact US may even get a surplus with their 100% tariff.
Woes are their citizens.
If it was China it's collapsing😂
the whole world is drowning in debt not just the EU
Debt? No. Giving away billions to a losing cause in ukraine is great for your economy...right?
Energy prices rise? Hey but who bombed the pipelines?
It wasn't shaggy 🤣
I do not believe this is not a dangerous trend - to the National Budgeting, but certainly private budgeting, as well as eventually EU budgeting. Look at the Issues there are in Greece. If this continues it is a great problem. Specially when funding is needed by governments, which need private investments, when no investments can be done, a government has to spend more to obtain loans for other purposes, which definitely has a negative effect on the whole nation, and than has a European negative effect, and overall negative effect.
When this for instance stands in the way of important challenges like, a war effort, etc etc etc. As an economic highly educated person, with 25+ years of experience, I am 100% certain this is a trend which indicates it will grow into a problem, which leads to even bigger problems, EU nations needing to hand out loans to other EU nations, while most already need to up their investments because of...a war effort. This is therefor at this moment, already a grand issue. And will lead to bigger issues, of which some will show as crisis on crisis on crisis.
Debt bubble will burst. Too pay the debt the economy have too grow, but inflation destroying the economy. Who makes the inflation?? THE ECB!! PRINTING MONEY IS INFLATION, AND DEBT.
spending in UKRAINE.. too much alibi
The money spent on Ukraine is a fraction of the debt 🤡
5 billion Euros will Eu send to Ukraine. The EU members are already in dept. Greece, Italy, Spain, France and Belgium over 100% of national GDP in dept. So France is a superpower in dept. Europa is buying energy for far higher prices than before the war. Besides we buy NLG, which is among the most non envernimont friendly solutions of gas delivery. And they are talking of green deal. What a shame. Besides, all the bombing in the war is very envornement friendly too. The hypocracy is unbeliewable.
Just print money