Novel coronavirus (COVID-19) resources and discussion thread (Discussion guidelines in OP)

Astandahl

Banned
Oct 28, 2017
4,749
Germany's unwillingness to commit to massive stimulus is baffling. They're basically pushing Europe into another recession. Even Trump, evil geriatric that he is, understands that governments need to pushing liquidity in the system right now.
Italian economy minister had to write a letter to Bruxelles in order to ask for 7 billions promising more austerity after the end of the current "situation".Now Italy has only spent 25 billions while USA have promised unlimited funds to sustain firms , Germany 750 billions , Spain 200, France more than 300...
Eurobonds are an old idea that failed several times. They have many opponents. None of this is surprising.
Which again shows how the EU is just a worthless agglomerate of stupid rules that don't make any sense. EU needs massive stimulus right now because this shit isn't gonna end soon.
 

shadowkat

Member
Oct 25, 2017
1,740
What the fuck is he blathering about? You want to place soldiers on our border because of steel????? Because we're trying to avoid tariffs?? NOW, during a pandemic you want this ? Surely there are more important things to deal with RIGHT NOW?
 

mnz

Member
Oct 25, 2017
8,720
Germany's unwillingness to commit to massive stimulus is baffling. They're basically pushing Europe into another recession. Even Trump, evil geriatric that he is, understands that governments need to pushing liquidity in the system right now.
Germany and the federal states have done that, though. They are just against European bonds.

Here's one of the reasons:


There're systems already in place and all of europe must stand behind the idea to do more than that. Austria seems to not want to do more right now.
They love to just say "Merkel" lol
Half of Europe is against it.
 

fragamemnon

Member
Nov 30, 2017
980
The EU didn't learn its lesson from 2008, ffs.

Economics in a crisis: when line goes down money printer goes brrr. The alternative is years of puttering growth that some members can sustain and others get dunked by.
 

GYODX

Member
Oct 27, 2017
1,174
Our company's president tested positive on his second COVID-19 test.

He'd tested negative after his first test, even though he was symptomatic.

Out of an abundance of caution, we're now treating all diagnoses of COVID-19 as if they were positive cases, even in the absence of a positive test result.
 

Wag

Member
Nov 3, 2017
7,064
The restaurant business is a delicate business.

Its a very tough business.

They may not be the same restaurant or the same ownership but they’ll all be back.
 

Astandahl

Banned
Oct 28, 2017
4,749
The ESM is a JOKE. First there are absolutely not enough resources to sustain the economy in a situation like this one and on top of that you are forced to respect stricts limits after you use it ( = AUSTERITY AND DEBT RESTRUCTURE --> Greece like disaster ) .

The ECB can create all the euros they want and thus they can buy unlimited bonds so the ESM is totally useless.
 
Jan 31, 2018
630
Why the hell wasn't this addressed in that massive bill they just passed?
Around the country, nurses like Jones and Carter—who are fighting the epidemic with little protective gear and at great risk to themselves—are being booted from their homes by property owners who fear they may bring the new coronavirus home with them.

In interviews with The Daily Beast, multiple nurses described potential landlords backing out of rental agreements, Airbnb hosts denying their requests, and current proprietors turning them out on the street. The Daily Beast is using pseudonyms or not identifying some of them because they are still in negotiations with their landlords.

“Honestly, I have never felt scared to be a nurse until this happened,” said one nurse in New Hampshire. “We love what we do, we just want to be able to do it without worrying about where we will lay our heads.
 

Kyougar

Member
Nov 3, 2017
4,644
Promoting Germany’s current CFR is flat out false and misleading and incredibly dangerous. It’s giving people a false sense of security and it will in actuality it will rise significantly. Now due to Germany’s better handling of the situation it should be significantly lower than like Italy but you cannot promote a low CFR when people haven’t even recovered yet. It can take weeks for people to die. Honestly I’m not for sure why we keep asking about it in this thread. There is zero evidence that suggests the CFR could be anymore remotely near Germany’s current number.
no-one is promoting Germanies CFR.
The people here try to fight against the propaganda, conspiracy theory, and misinformation that Germany is lying about their numbers.
 

ejoshua

Member
Oct 27, 2017
474
“What would you say to a restaurant owner that is losing their business?”
“It will be back under someone else using a different name, don’t worry.”
 

Frankfurter

Member
Oct 27, 2017
606
Germany's unwillingness to commit to massive stimulus is baffling. They're basically pushing Europe into another recession. Even Trump, evil geriatric that he is, understands that governments need to pushing liquidity in the system right now.
What are you talking about? Germany is already commited to a massive stimulus. It just passed additional expenses of sth. like 150 billion Euros for 2020 - not counting the hundreds of billions of cheap/free loans for companies.
 

SerAardvark

Member
Oct 25, 2017
499
Did he mean it or he tried to say "it's attributed to the testing"? Don't know which one is worse.
Sort of both. He seemed to be both saying it was down to how many tests we've done while then proceeding to brag about how amazing our testing is and again bragging about how our testing is better than South Korea's.
 

RocknRola

Member
Oct 25, 2017
8,525
Portugal
Imagine giving a national press conference about Covid-19 and your only concern is the elections at the end of the year. That's literally Trump right now.
 

eonden

Member
Oct 25, 2017
6,448
What are you talking about? Germany is already commited to a massive stimulus. It just passed additional expenses of sth. like 150 billion Euros for 2020 - not counting the hundreds of billions of cheap/free loans for companies.
It should be more like:
"Germany and Northern European countries unwillingness to share part of the burden from Southern European countries". Either Europe does Eurobonos, or they are sentencing Southern Europe to a constant cycle of austerity that will continue wrecking their economy, as the currency is overvalued for them and makes them less competitive.
 

RolandGunner

Member
Oct 30, 2017
4,099
Germany and the federal states have done that, though. They are just against European bonds.


They love to just say "Merkel" lol
Half of Europe is against it.
I’m far from an expert in EU economics but Germany saving itself and letting the smaller countries burn is just going to create another lost decade, and make everyone weaker. People won’t stand for another long period of declining or stagnant wages.
 

jett

Community Resettler
Member
Oct 25, 2017
22,471
Is it dangerous to walk my dog outside? Can the virus get stuck on sidewalks and then on his paws or something?
 

Joni

Member
Oct 27, 2017
6,318
If Germany stands alone, it can be convinced. The chance is way more likely Germany is representing the opinion of the usual suspects around it.
And in Europe, you're not going to convince everyone in one meeting. it is going to take diplomats like Charles Michel to get everyone aligned. So anything they say now is just PR.
 

Naru

Member
May 11, 2019
781
"We have to go back! I say it so often because I want you guys to eventually report it. We have to go back!"
 

Frankfurter

Member
Oct 27, 2017
606
It should be more like:
"Germany and Northern European countries unwillingness to share part of the burden from Southern European countries". Either Europe does Eurobonos, or they are sentencing Southern Europe to a constant cycle of austerity that will continue wrecking their economy, as the currency is overvalued for them and makes them less competitive.
Yields on 10y bonds on Italy are in the ~1% range, Spain ~0.5%. Eurobonds or the lack thereof are of ~zero damage to Spain and Italy.
 

Ignacious

Member
Dec 17, 2017
102

Kyougar

Member
Nov 3, 2017
4,644
Germany's unwillingness to commit to massive stimulus is baffling. They're basically pushing Europe into another recession. Even Trump, evil geriatric that he is, understands that governments need to pushing liquidity in the system right now.
unlimited Eurobonds without a fiscal Union is suicide.

You may see Germany, Austria, Netherland, Finland, etc. blocking Eurobonds. But the other side of the coin is, that Spain, Italy, Greece, etc. are blocking fiscal responsibility and oversight mechanisms.
A country could double its debt with Eurobonds and the EU could do nothing.

The failure to make Eurobonds is not the problem. The failure to make a fiscal union is.
 

mnz

Member
Oct 25, 2017
8,720
I’m far from an expert in EU economics but Germany saving itself and letting the smaller countries burn is just going to create another lost decade, and make everyone weaker. People won’t stand for another long period of declining or stagnant wages.
Don't fall into the trap thinking this is just Germany. The idea of sharing bond risks with Italy would probably get the Dutch government voted out, it's extremely unpopular in a lot of places.
 

KingSnake

Member
Oct 25, 2017
9,905
If Germany stands alone, it can be convinced. The chance is way more likely Germany is representing the opinion of the usual suspects around it.
And in Europe, you're not going to convince everyone in one meeting. it is going to take diplomats like Charles Michel to get everyone aligned. So anything they say now is just PR.
The issue with this kind of PR is that the first reaction sticks in the public memory. Like with the masks, no matter how much help you send after the people will remember that you first tried to block it. And that's bad PR for EU which seems to be their main speciality at this point.