Steve_American wrote:Yes, that is true.
But, until I see him use google, or better, see the results in his iphone, he is just some guy in a bar contradicting what the sportscaster told me this morning. Why should I [I mean "I"] believe him?
If he wants to contradict me he ought to provide some evidence using his google thing.
If the burden of proof is on the 1st speaker for every fact he says then his sentences will be very long because he has to prove every fact. In thie specific case I used in the OP, I testified that my source was a youtube video by a professional economics professor. The reply was, "Authorities don't out weigh my IIRC memory of what is true." And the person still has not used the google to prove me wrong. And this person has admitted in the last day or 2 that he/she was wrong about 2 things of how the EU rules work.
You can pretend that there is no evidence by ignoring all the links provided to you but that is not a very honest thing to do:
Steven_American wrote:Also, you claimed that I claimed that the crisis [GFC/2008?] was caused by something in the EU or EZ. I do not think I did. Show me. I know the GFC/2008 was caused by the banks in America. So, I doubt that I ever claimed anything different from American banks were the cause.
Here, take a look:
Steven_American wrote:Since 2008, Europe lost economic activity the equivalent of Spain’s entire GDP … Spain’s GDP is about $US1.3 trillion and the country employs about 19 million people, to give you an idea of just how much is “missing.” While it is not directly the case that there would be an extra 19 million jobs in Europe if governments here had been more fiscally supportive, that is nonetheless the scale of the issue we’re talking about.
The cause of these losses goes right to the architecture of the monetary union and the way the European Commission enforces it:
Of course yours or Mitchell's argument has been completely deconstructed and trashed. a)The Commission did not even have the extra powers back in 2008 or in its lead up, powers it received in 2013 to impose anything on anyone, even when she did receive these extra powers in 2013 she
followed the procedure of the Council giving her the go-ahead instead of acting on its own. I stated
with good reason that the Commission cannot act on its own without getting the mandate from the Council(national governments) and provided proof to that effect. Rugoz showed that due to the reverse qualified majority voting that was adopted in 2013, the Commission can move forward without necessarily requiring Council mandate, but in practise she never made use of that and sought Council approval. b) It was not the Commission's fault the crisis states went bankrupt and prostrated themselves before the banks, in fact it is exactly the opposite for if the crisis states had followed the commission's recommendations to not have national debt over 60% of their GDP they would not have gone bankrupt.
c) It was not the Commission's business to figure out solutions, it was the Council's(national Prime Minister's) &
the Euroroup's (national Finance Ministers) business as we all witnessed live before our eyes. It was the neoliberal national governments of the EU countries that agreed and then imposed the austerity, not the Commission.
I submit this link as more evidence ---
As of 2017, "Germany stands firm against EU bank deposit guarantee plan"
https://www.ft.com/content/58c9a172-ae7 ... 21c713abf4
I am not even sure of what is that supposed to mean especially when the FT article cannot be opened and even more especially when there is already an
EU bank deposit guarantee scheme since 2009(for 50k) and 2010(for 100k). My guess is that Germany stands against
further amendments to the existing EU bank deposit guarantee scheme, because the southern countries want to increase its scope.
Lastly people who admit their mistakes instantly are far more trust-worthy than people who close their eyes and ears and try to come up with whatever insult they can find to undermine the fact that they have been proven wrong.
EN EL ED EM ON
...take your common sense with you, and leave your prejudices behind...