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PostWhy is the EU Insolvent? (Carmen Negrin, France, 11/14/18 4:11 am)
In response to John Heelan (November 13th), the EU has unemployment, yes but with an income. It's expensive too, but what would have happened to Greece or Spain if not for Europe?
The UK does owe a lot millions to the EU. And taxes are spent on something useful, albeit with a few exceptions.
JE comments: Great question: what would have happened to Greece and Spain without the EU bailouts? Euroskeptics might respond that the EU was the cause of their financial crises, in that both countries could otherwise have devalued their way out of the mess.
A question we've never addressed on WAIS: is there any serious talk in Brussels about belt-tightening? For bureaucratic behemoths, this is the hardest thing of all to do.