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Is European Parliament on the brink of collapse??Would you care?

  • 01-12-2010 1:08am
    #1
    LoanShark
    Registered Users, Registered Users 2 Posts: 949 ✭✭✭


    I was just watching the news tonight and two of the main stories were about european parliament, The first was the MEPs giving out about ireland Corporate tax and the other was about the Bonds market not doing so well today and it was blaming the german and french for making the statement about bond holders having ot take a hit on the bonds for the failure of countries in their paying back on loans...

    Heres the two stories:

    http://www.rte.ie/news/2010/1130/eu_economy.html

    http://www.rte.ie/news/2010/1130/euro-business.html

    SO, with such arguements and all the rest of the crap that is happening, Would you really care if Europe Collapsed?


Comments

  • #2
    zig
    Registered Users, Registered Users 2 Posts: 1,206 ✭✭✭zig


    LoanShark wrote: »
    I was just watching the news tonight and two of the main stories were about european parliament, The first was the MEPs giving out about ireland Corporate tax and the other was about the Bonds market not doing so well today and it was blaming the german and french for making the statement about bond holders having ot take a hit on the bonds for the failure of countries in their paying back on loans...

    Heres the two stories:

    http://www.rte.ie/news/2010/1130/eu_economy.html

    http://www.rte.ie/news/2010/1130/euro-business.html

    SO, with such arguements and all the rest of the crap that is happening, Would you really care if Europe Collapsed?

    I dont think them two stories warrant a discussion on the 'collapse of Europe', whats going on there is called bickering.
    However, to answer your question, I wouldnt be happy but I do think alot of change needs to be made in Europe, namely ,extremely thorough regulation of credit , a system where bond holders investments may go up as well as down, and perhaps even the collapse of the Eurozone, the experiment seems to be failing, we are not America.


  • #3
    oppenheimer1
    Closed Accounts Posts: 6,084 ✭✭✭oppenheimer1


    LoanShark wrote: »
    I was just watching the news tonight and two of the main stories were about european parliament, The first was the MEPs giving out about ireland Corporate tax and the other was about the Bonds market not doing so well today and it was blaming the German and French for making the statement about bond holders having to take a hit on the bonds for the failure of countries in their paying back on loans...

    Heres the two stories:

    http://www.rte.ie/news/2010/1130/eu_economy.html

    http://www.rte.ie/news/2010/1130/euro-business.html

    SO, with such arguments and all the rest of the crap that is happening, Would you really care if Europe Collapsed?

    The parliament won't collapse. It doesn't really do much anyway. If the parliament disappeared would anyone notice? All it is, is rather expensive lip-service to the notion of European democracy.


  • #4
    My name is URL
    Registered Users, Registered Users 2 Posts: 25,070 ✭✭✭✭My name is URL


    Unless there's a restructuring of how currency is disseminated and regulated then I would say yes.. and the system being presented to us atm is not dissimilar to the one that we ourselves have shown to be fallible.

    I wouldn't really care given the fact that they seem quite happy to perpetuate our problems in order to scurry away from their hairdressers


  • #5
    sceptre
    Registered Users, Registered Users 2 Posts: 19,608 ✭✭✭✭sceptre


    Representatives in an elected assembly disagreeing with each other (even strenuously - and this doesn't count as strenuous compared to many assemblies) or pointing fingers at one another doesn't imply that the assembly is headed for collapse. Really, for the love of all that's holy...


  • #6
    Japer
    Banned (with Prison Access) Posts: 792 ✭✭✭Japer


    LoanShark wrote: »
    SO, with such arguements and all the rest of the crap that is happening, Would you really care if Europe Collapsed?

    The markets certainly have not been impressed with how the EU / IMF have handled Irelands "bailout". The euro continues to slide. Adding 85 billion debt on top of debt will not solve the problem here in Ireland. In every other country the IMF went to to, eg Latvia, government expenditure was slashed. Why not in Ireland ? If that had been done properly, there would be more confidence in Ireland and Europe recovering.


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  • #7
    View
    Registered Users, Registered Users 2 Posts: 3,872 ✭✭✭View


    oppenheimer1 wrote: »
    The parliament won't collapse. It doesn't really do much anyway.

    That may have been true once. It is not now.

    The EP has co-decision powers with the Council of Ministers in all areas bar one. In other words, it is almost as important as the Council of Ministers.

    The one area that the EP does not have equal status is Common Foreign Policy positions which remain inter-governmental. It might get co-decision powers in that area too at some time in the future once the EEAS has operated for a while and the member states get more comfortable with the idea.


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