Mark Carny on Italian bank collapse

Garethgrew

Listen to marks voice and cringe at the end of this video

https://youtu.be/-9WRhRsxrEg

Conrad

I read yesterday that Deutsche Bank has loans equivalent to ten X the GDP of the USA, and of course is a contender to collapse. I love EU

mwpt

Conrad wrote: »

I read yesterday that Deutsche Bank has loans equivalent to ten X the GDP of the USA, and of course is a contender to collapse. I love EU

Yeah, it was the EU wot done it. I heard the EU was responsible for the the train crash near Bari, the Venezuelan near bankruptcy, the Zimbabwean violence, the cancellation of top Gear and countless other woes.

TrickyTree83

mwpt wrote: »

Yeah, it was the EU wot done it. I heard the EU was responsible for the the train crash near Bari, the Venezuelan near bankruptcy, the Zimbabwean violence, the cancellation of top Gear and countless other woes.

They may not have caused it, but in Italy they (the EU) are certainly in the way of them bailing out their own banks.

Conrad

mwpt wrote: »

Yeah, it was the EU wot done it. I heard the EU was responsible for the the train crash near Bari, the Venezuelan near bankruptcy, the Zimbabwean violence, the cancellation of top Gear and countless other woes.

If they'd stuck to a common market, a trading bloc, nations would be far better placed to deal with economic challenges. You saw how rapidly Iceland went from total disaster to thriving again.

That's the take home point.

I hope the EU (not Europe) falls apart, it's a relic.

mwpt

Conrad wrote: »

If they'd stuck to a common market, a trading bloc, nations would be far better placed to deal with economic challenges. You saw how rapidly Iceland went from total disaster to thriving again.

That's the take home point.

For me the take home point is that you blame the EU for anything that occurs within the region of the EU.

You are conflating unrelated issues. Could you explain, even just a short blurb, how Iceland's decision not to bail out it's banks relates to "If they'd stuck to a common market, a trading bloc, nations would be far better placed to deal with economic challenges"?

I'd appreciate it if you stuck to cause and effect in a logical step manner, rather than continuing to throw out soundbites.

TrickyTree83

mwpt wrote: »

For me the take home point is that you blame the EU for anything that occurs within the region of the EU.

You are conflating unrelated issues. Could you explain, even just a short blurb, how Iceland's decision not to bail out it's banks relates to "If they'd stuck to a common market, a trading bloc, nations would be far better placed to deal with economic challenges"?

I'd appreciate it if you stuck to cause and effect in a logical step manner, rather than continuing to throw out soundbites.

What about my point?

https://next.ft.com/content/c753b5d0-474d-11e6-8d68-72e9211e86ab

The EU are absolutely standing in the way of a satisfactory resolution to the Italian banking crisis.

EU rules do appear to be square pegs in round holes sometimes, causing situations like this. In times gone by they've just circumvented their own rules which means they were not created correctly in the first place.

Edit: I understand some may not be able to see the FT article, here's another.

https://www.theguardian.com/world/2016/jul/11/the-next-eu-crisis-in-the-italian-banks-needs-to-be-addressed

cells

Conrad wrote: »

If they'd stuck to a common market, a trading bloc, nations would be far better placed to deal with economic challenges. You saw how rapidly Iceland went from total disaster to thriving again.

That's the take home point.

I hope the EU (not Europe) falls apart, it's a relic.

You've repeated Iceland multiple times but its not comparable for many reasons one is that in 2008 they finally finished and opened up a huge aluminium smelter and hudropower plant. So large that if England had the same per capita the hydro plant would be big enough to power the whole of England and Germany combined and the smelter would make england the largest manufacturer of aluminum even !!!!!! than China.

BACKFRMTHEEDGE

Garethgrew wrote: »

Listen to marks voice and cringe at the end of this video

https://youtu.be/-9WRhRsxrEg

Good Link. Thanks.

Crashy_Time

TrickyTree83 wrote: »

They may not have caused it, but in Italy they (the EU) are certainly in the way of them bailing out their own banks.

EU drone on TV just now said that the Italian banking crisis will be dealt with "Within Italy".

CLAPTON

mwpt wrote: »

Yeah, it was the EU wot done it. I heard the EU was responsible for the the train crash near Bari, the Venezuelan near bankruptcy, the Zimbabwean violence, the cancellation of top Gear and countless other woes.

why do the remain cap continue to tell unthruths.