| ▲ | techpression 8 hours ago | |
Equal in that hey suffer together? When even the SEK outperforms the EUR in times of distress you know it’s incredibly bad. Is it better that all of Europe sinks, maybe, but I’m happy I’m not losing my job because of pension plans in France or financial neglect in Greece, and I’m sure they would say the same if roles were reversed. And to be clear, it’s not about the people, but how governing is done. The same boat is actually a good metaphor, you tend to want many smaller ones and not one big, risk of losing everything vs something (to a point). | ||
| ▲ | embedding-shape 8 hours ago | parent | next [-] | |
> Equal in that hey suffer together? Yes, quite literally "hey lets suffer together", this is what we've signed up to, and want. Good for everyone and bad for everyone, we're linked and this helps us focus more on helping each other, rather than just focusing on ourselves. > The same boat is actually a good metaphor, you tend to want many smaller ones and not one big, risk of losing everything vs something (to a point). Yeah, that's probably the two mindsets that differ here. EU was created with the goal of "better one big boat than many small", because we've tried the "many small boats" approach for millennials, and somehow we in Europe always end up starting wars against each other. We've had (more or less) continent-wide peace now, for a good while (maybe the longest it's ever been? Not sure), and probably because of the reason that we're more connected now, instead of sitting alone in our tiny boats. | ||
| ▲ | hshdhdhj4444 7 hours ago | parent | prev | next [-] | |
> When even the SEK outperforms the EUR in times of distress you know it’s incredibly bad. Currencies aren’t an asset. They don’t “outperform”. If the Yuan had “outperformed” the Chinese economic system would have collapsed. | ||
| ▲ | robin_reala 7 hours ago | parent | prev [-] | |
The SEK has been underperforming the Euro for years (see the massive dip against the DKK which is Euro-pegged). | ||