europoooooor

Economist hot takes

> Europeans have no idea what “medical bankruptcy” is. Oh, and no EU leader has ever launched their own cryptocurrency.

Economist hot takes

> Europeans have no idea what “medical bankruptcy” is. Oh, and no EU leader has ever launched their own cryptocurrency.

https://archive.ph/0D1Ov

dev + founder | @vibesengineering.eth prev: @onsenbot @herocast

“The boring processes of rule by consensus can slow the EU to a crawl: it took four days and four nights of haggling to agree on the bloc’s latest seven-year budget, in 2020.”

I like how that’s supposed to be a flaw.

a “seven-year budget”?

they had to do one better over the “5-year economy plans” communists used to do back in the day.

i guess central planning never went away, the only thing that changed was the label and the source of these plans.

✳︎ design engineer → @ponder 
✳︎ explorer of humanism • petrolhead/gearhead
✳︎ React/SwiftUI
✳︎ bento.me/matthew

Do you propose that the EU should just keep a stack of cash and yolo some spending every day?

I think The Economist referred to this, so calling it a “budget” may be misleading. It’s something that influences the annual budget, not the budget per se.

I think The Economist referred to this, so calling it a “budget” may be misleading. It’s something that influences the annual budget, not the budget per se. 
https://en.wikipedia.org/wiki/Multiannual_Financial_Framework

why jump straight to extremes? every government around the world approves annual budgets, because THINGS ACTUALLY CHANGE a lot within a any given timeframe. seven years is a big chunk of time.

all you need is to look at the last five years, and figure out whether things stayed predictable or they kept changing

i guess the all-knowing EU can read 7 years into the future