Eurozone in trouble?
Discussion
So it appears that France, Germany, Netherlands and Finland are doing quite well, and the PIIGs are in deep trouble, especially Greece.
Greece may need to be bailed out by some of the others (and by us to the tune of £7bn if the Mail is to be believed).
Can we expect the pound to strengthen (presuming our economy recovers well - post election)? What's going to happen?
Greece may need to be bailed out by some of the others (and by us to the tune of £7bn if the Mail is to be believed).
Can we expect the pound to strengthen (presuming our economy recovers well - post election)? What's going to happen?
The Eurozone is fine, don't worry about it. It's more important that we are a huge federal community, celebrating diversity and inclusion from a position of equality.
Recession isn't in the Social Democrat theory book, so it's irrelevant. I'm sure Germany, France and the UK will be willing to help the other part of the EU community so that they can celebrate inclusion of what remains of our wealth.
In order that the Social Democrat big picture applies, we must believe in the EU project as much as we do our gods/global warming. By that means only may our community be equal, inclusive and diverse
/blair mode
Why hasn't this hit the media hugely? The PIIGS are in the s
t and no-one is helping them. The EU project isn't working, despite everyone getting dragged along with German success.
The only way we can help them is via a more direct redistribution of wealth. Let's face it, in this inclusive, diversive liberal community, who are you to judge whether they, other human beings are less deserving than you?
Seriously, it's about time we realised that social democracy, or any other watered down socialist agenda doesn't work and got on with being prosperous, rather than trying to micromanage everything?
Anyway, it's unsustainable and will come to bits at some point. The question is, how skint will we be when it does?
The EU was always about redistribution of wealth and it's quite easy to see where it goes, apart from socialist politics. It's almost as if we've replaced capitalist pigs with just......pigs.
Recession isn't in the Social Democrat theory book, so it's irrelevant. I'm sure Germany, France and the UK will be willing to help the other part of the EU community so that they can celebrate inclusion of what remains of our wealth.
In order that the Social Democrat big picture applies, we must believe in the EU project as much as we do our gods/global warming. By that means only may our community be equal, inclusive and diverse
/blair mode
Why hasn't this hit the media hugely? The PIIGS are in the s
t and no-one is helping them. The EU project isn't working, despite everyone getting dragged along with German success. The only way we can help them is via a more direct redistribution of wealth. Let's face it, in this inclusive, diversive liberal community, who are you to judge whether they, other human beings are less deserving than you?
Seriously, it's about time we realised that social democracy, or any other watered down socialist agenda doesn't work and got on with being prosperous, rather than trying to micromanage everything?
Anyway, it's unsustainable and will come to bits at some point. The question is, how skint will we be when it does?
The EU was always about redistribution of wealth and it's quite easy to see where it goes, apart from socialist politics. It's almost as if we've replaced capitalist pigs with just......pigs.
More on the Greece and wider situation:
Greece may need to be bailed out by its partners in the European Union or even be compelled to leave the single currency bloc
Greece may need to be bailed out by its partners in the European Union or even be compelled to leave the single currency bloc
Puggit said:
(and by us to the tune of £7bn if the Mail is to be believed).
now you see what you did there? If its in the mail and its our fault, the bail out will be about 27p.However, Greece is f
ked. Spain too.5% of loans are defaulted, possibly rising to 8%. Thats very worrying.....
RichBurley said:
Indeed, a few days before that the Democracy Forum was relishing the prospect or euromeltdown but it hasn't happened yet.http://www.democracyforum.co.uk/economy/56298-evan...
I see it like this....
German, French and GB Europhiles think it's for the greater good and that greater good can be afforded with other people's money.
Everyone else is in on it for the take.
A combination of German success and external investment has made the Euro very strong. This is crippling everyone who exports/holidays. The N-S divide is most certainly stressed very much towards breaking point.
I see it like a big German ship with the rest of the bloc tangled around it's propellor. It's good for no-one.
The success of the EU experiment is politically vital from a communitarian soc-dem perspective and will not be allowed to fail, no matter how screwed up it gets. If one of the cogs comes out, the whole thing will go tits up.
You might as well have 2 eurozones, a N and a S one. Obviously, there would be a serious inequality, so the N could be taxed for those living in the S to keep their self-esteem
German, French and GB Europhiles think it's for the greater good and that greater good can be afforded with other people's money.
Everyone else is in on it for the take.
A combination of German success and external investment has made the Euro very strong. This is crippling everyone who exports/holidays. The N-S divide is most certainly stressed very much towards breaking point.
I see it like a big German ship with the rest of the bloc tangled around it's propellor. It's good for no-one.
The success of the EU experiment is politically vital from a communitarian soc-dem perspective and will not be allowed to fail, no matter how screwed up it gets. If one of the cogs comes out, the whole thing will go tits up.
You might as well have 2 eurozones, a N and a S one. Obviously, there would be a serious inequality, so the N could be taxed for those living in the S to keep their self-esteem
turbobloke said:
More on the Greece and wider situation:
Thanks for that. For me, the significant paragraph was>>>
Although rates are not expected to move for now, the bank could face a difficult year because unemployment rates are diverging sharply in the euro zone, with the Netherlands at 3.9 percent and Spain at 19.4 percent. That could make it harder to find one interest rate low enough to spur growth in the laggard countries while containing inflation in countries that are growing more rapidly.
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