Grendel
Well-Known Member
How is the economy actually stalling in your view?
It’s hardly an assumption to recognise that a £120B stimulus package is only going to have a positive effect on the economy, yet it’s still stalling. According to you they never happened in the first place until I repeatedly corrected you. You're at least admitting that you were wrong on that score. You’re now trying to play down the effect of the things you never understood were happening so we’re not even progressing. Do you know what the Term Funding Scheme actually promoted?
How is the economy actually stalling in your view?
You haven’t answered my question yet. You go first before I have to state the obvious to you again.
With respect Tony I think you’ve exceeded your level of understanding on this - I maintain my stance - the stimulus package was a reaction to a negative view on how the economy will fare and is also politically motivated - the economy by any metric has not stalked
That is the idea. If the economy looks like faring badly you do something. I don’t see how that is political. 0,2% GDP is not roaring.
With respect Tony I think you’ve exceeded your level of understanding on this - I maintain my stance - the stimulus package was a reaction to a negative view on how the economy will fare and is also politically motivated - the economy by any metric has not stalked
My level of understanding? I at least understood that there was stimulus packages in the first place. Whatever my level of understanding is it’s clearly way above yours considering you’re blissfully unaware of what has and hasn’t happened.
Can Italy do this?
Distraction again. Just admit you haven’t a clue. You’re right in Roman Empire/Holy Roman Empire territory again.
Nope - you’ve assumed the package was a requirement and the £40 billion is a real figure when it’s made up shite
Oh and I’m really looking forward to matts reply to my last question or perhaps you can help him out
Nope I’m clearly not. Can Italy do this Tony? If not explain why
With respect Tony I think you’ve exceeded your level of understanding on this - I maintain my stance - the stimulus package was a reaction to a negative view on how the economy will fare and is also politically motivated - the economy by any metric has not stalked
Nope I’m clearly not. Can Italy do this Tony? If not explain why
Populist useless government?
Can you please answer the question
I have. The GDP got worse after they took over.
Yes you are. Why don’t you tell us what the Term Funding Scheme was and why exactly it was started? What was the aim of the Scheme? What was it designed to offset? What industry did it promote?
May well do Tony - lets do a deal - I’ll answer it if you answer why you avoided the thread concerning ccc despite numerous requests for you to participate
Because it annoyed you and others who were creaming yourselves over it. I’ve already told you that. Over to you.
So were they allowed as a sovereign nation to take action? We all know the answer - why not admit it needed certain “others” to decide what’s best for them
As a sovereign nation they have lived above their means for years. They had agreed to try and stop increasing sovereign debt. Then came the populists and changed the plan. Eventually settling for a relatively minor adjustment. The whole farce didn’t help Italy and increased interest rates.
No Tony you refused to answer - we have all noticed it - did it compromise you?
As a sovereign nation they have lived above their means for years. They had agreed to try and stop increasing sovereign debt. Then came the populists and changed the plan. Eventually settling for a relatively minor adjustment. The whole farce didn’t help Italy and increased interest rates.
So are they allowed to act without the say so of merkel and co?
Can we move on to Greece once you throw in the towel on this one?
What has Merkel got to do with it?
Oh has she not commented on it and said what needed to be done?
She doesn’t decide what Italy have to do. Italy is a member of a monetary union. They answer to them and not to Merkel.
Oh has she not commented on it and said what needed to be done?
Yes, she has said she will help, but that Italy has to remember it’s responsibility to the Eurozone ( of which it is a member of ).
Note, „it’s responsibility to the Eurozone.“
The Italian government are screwing their economy on their own.
So they have complete autonomy?
Factless assumptions?Again ignoring the tangible fact that there has been a £120B stimulus package directly from the referendum result. The tangible things that have happened since the referendum concludes that they’re right. Our economy has faltered despite this and other stimulus packages. It would have been much worse if they hadn’t. This isn’t one of your factless assumptions, this is what has actually happened. Your assumption that Carney hasn’t dipped into his £250B war chest is just pure ignorance. As I’ve repeatedly pointed out to you £120B on one of several packages alone . You’re not even aware of what has happened, how does that qualify you to judge the BOE’s forecasting ability?
Stabilised?The economy has stabilised as the result of his actions. To claim that everything would have been Hunky Dory is pushing it.
So you don't have a clue then. Yet you still try to argue the point.It was clearly a requirement when you look at GDP. How can someone think they’re as clever as you do when you’re not even aware of the basics? You wasn’t even aware that there were stimulus packages to the point that you confidently declared that Carney never tapped into his £250B war chest when in fact half went on one single package.
Too busy helping you out with the basics of what’s actually happened to help anyone else out. I suspect Mart is just going to do another Holy Roman Empire on you again so doesn’t need my help anyway.
But if the £ soars it will be bad for our exports. We don't want that to happen. But the EU does.....Because we haven’t left yet and the terms of departure are still unknown. If Brexit is cancelled the pound will soar
Being financially tied to how Germany is doing screws them more than anything. And you k ow this. But it helps Germany more than anything else so you are happy with this.Yes, she has said she will help, but that Italy has to remember it’s responsibility to the Eurozone ( of which it is a member of ).
Note, „it’s responsibility to the Eurozone.“
The Italian government are screwing their economy on their own.
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