EU 750 bn rescue fund and 1 trillion budget

combat14

what do ppl think of the eu 750 bn rescue fund and 1 trillion budget.. will it be enough to keep europe out of deep recession... ?

any thoughts on allocation of fund, all I have heard on allocation so far is:

210 bn - italy
140 bn - spain
72 bn - Greece
40 bn - france
.
.
2 bn (maybe) - ireland
& possibly a portion of 5 bn allocated for Brexit next year

sounds like eu will borrow for this 750 billion fund of Grant's and loans with timeline for repayment by approx. 2058

repayment to be made by new eu taxes perhaps on digital sales .... not great for ireland .... and possible increased fututre eu member contributions to eu federal budget ...

will 2-4 bn from europe (ignoring irelands contribution to eu budget over next 7 years - some say 15bn) be enough to help us stay afloat??

kippy

combat14 wrote: »

what do ppl think of the eu 750 bn rescue fund and 1 trillion budget.. will it be enough to keep europe out of deep recession... ?

any thoughts on allocation of fund, all I have heard on allocation so far is:

210 bn - italy
140 bn - spain
72 bn - Greece
40 bn - france
.
.
2 bn (maybe) - ireland
& possibly a portion of 5 bn allocated for Brexit next year

sounds like eu will borrow for this 750 billion fund of Grant's and loans with timeline for repayment by approx. 2058

repayment to be made by new eu taxes perhaps on digital sales .... not great for ireland .... and possible increased fututre eu member contributions to eu federal budget ...

will 2-4 bn from europe (ignoring irelands contribution to eu budget over next 7 years - some say 15bn) be enough to help us stay afloat??

People probably need to define what they mean by
"afloat" and "deep recession" before answering that question.

That aside theres no doubt we are heading for massive job losses in a lot of sectors - tourism and hospitality specificilly and anything reliant on any form of tourism and all of the associated industries are in for a tough few years ahead. Demand and consumer sentiment will be suppressed and this will also impact a tonne of things. No doubt we will be borrowing far more money than we are now.
Outside of that though there are a tonne of external factors that we have little control over, none moreso than the Euro itself. Far bigger nations are in serious trouble - with our without this current rescue package.

brisan

combat14 wrote: »

what do ppl think of the eu 750 bn rescue fund and 1 trillion budget.. will it be enough to keep europe out of deep recession... ?

any thoughts on allocation of fund, all I have heard on allocation so far is:

210 bn - italy
140 bn - spain
72 bn - Greece
40 bn - france
.
.
2 bn (maybe) - ireland
& possibly a portion of 5 bn allocated for Brexit next year

sounds like eu will borrow for this 750 billion fund of Grant's and loans with timeline for repayment by approx. 2058

repayment to be made by new eu taxes perhaps on digital sales .... not great for ireland .... and possible increased fututre eu member contributions to eu federal budget ...

will 2-4 bn from europe (ignoring irelands contribution to eu budget over next 7 years - some say 15bn) be enough to help us stay afloat??

2B is a drop in the ocean compared to what we need
The tourism industry needs twice that alone ,never mind the Aviation sector

Graham

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