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I agree with this definition: „It is often proposed that the European Union should adopt a form of fiscal union. Most member states of the EU participate in economic and monetary union (EMU), based on the eurocurrency, but most decisions about taxes and spending remain at the national level...

Which is why the other countries of the Eurozone are not happy with a 2,4% borrowing requirement. It increases the debt and means a lowering of ratings and even higher interest payments.

Vey intelligent well thought out answer.

Certainly. It is not linked. If Italian bonds have 4% interest. German Staatsanleihen don’t rise with them.

You also claim that the EU is a fiscal union. „ That policy is being wound down, and is in any case unsustainable without a wider reform of the eurozone into a fiscal union, as President Macron proposes (and Chancellor Merkel rejects).“ According to you it already is a fiscal union. Wrong yet...

You claim that the Italian bond rate is linked to German Staatsanleihen. „Following the announcement, the Italy-Germany 10-year bond yield gap, widely used as a relative yardstick of Italy's position on the markets, widened to a new high of 314 points.“ The description here is „as a...

The far right, from an Economics pov, are blackmailing May through the ERG and the right wing religious nuts through the DUP. The centralization has not taken away your right to influence British politics. You may not be able to influence the curvature of Bananas or a host of other regulations...

The other European countries who are co signatories, along with Italy, of the stability pact. Not the EU as a whole. The countries objecting to the budget are members of the Euro, not just the EU. The Netherlands and Austria. I don’t see your problem. If you sign an agreement then you accept the...

Your last two paragraphs are goboldy gook. I don’t what is far right about a European Parliament and representation of 28 states in decision making. I thought the EU was the EUSSR? The far right as represented by right wing Tories is the dismantling of regulations and workers rights and the...

Actually, many Brexiters do live in the 70s. Even Farage was a 70s National Front Fan whilst at school. The people in the photo of leave means leave were of an age where they would have spent their youth in the 60s and 70s. I can understand their nostalgia. The question is loaded. It can set...

I see more problems leaving. Staying is safer and problems can be worked on. Leaving solves nothing.

Too big to fall, too big to save.

Bullshit. As usual. You asked loaded questions which didn’t allow a simple yes or no. I explained the rules and why raising borrowing would result in lenders wanting higher interest rates from Italy. I did not laugh at stupid old Brits. I said that the leave means leave meeting looked like an...

I knew you would. So I kept on calling you out.

No. He was caught out yet again and reverted to name calling, lying and diverting.... which he always does when beaten. He couldn’t make any sensible points and ended up humiliating himself. Funny how you missed that. Any more jokes about foreigners lined up?

Nothing to do with the opinion expressed in the article calling for reform. It says relying on a transfer system is naive, as the problem will still be there without reform. The final sentence was not to be frightened by the populists into making a wrong decision.

Name calling, lying and distracting......

Agreeing? I hadn’t made a point to agree with when he and sick boy joined in. It was you who had exceeded your usual crap tactics of lies and diversions that promoted them to join in. Your little game has got you on the defensive and you are always a nasty little scumbag when you have screwed up.

Name calling, lying, distraction is his normal standard of debate when he is losing.

What own goal would that be? Making things up again? The only one insisting on humiliating himself even more is you.