It shall be interesting to see how this election will influence the delicate balance of the financial situations in the Eurozone. We shall see.
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Dr.G.
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"The man who does not read good books has no advantage over the man who can't read these books." Mark Twain
It shall be interesting to see how this election will influence the delicate balance of the financial situations in the Eurozone. We shall see.
I have no doubt it will exacerbate the problem.
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I have a feeling that you might be correct on this point, Macfury. We shall see.
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Dr.G.
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"The man who does not read good books has no advantage over the man who can't read these books." Mark Twain
Hollande had said during the campaign that his first order of business would be to talk to Merkel and push for pro-growth measures in the EuroZone austerity plan. That plus the Greek vote today, where voters backed two parties that also want to reopen the plan, will certainly have repercussions.
Hollande had said during the campaign that his first order of business would be to talk to Merkel and push for pro-growth measures in the EuroZone austerity plan. That plus the Greek vote today, where voters backed two parties that also want to reopen the plan, will certainly have repercussions.
An interesting time in Europe these days...
CM, "interesting" ............. and very scary. Again, we shall see. Paix, mon ami.
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Dr.G.
14" G4 iBook
15" MacBook Pro (July, 2009)
Paix
"The man who does not read good books has no advantage over the man who can't read these books." Mark Twain
Hollande had said during the campaign that his first order of business would be to talk to Merkel and push for pro-growth measures in the EuroZone austerity plan. That plus the Greek vote today, where voters backed two parties that also want to reopen the plan, will certainly have repercussions.
An interesting time in Europe these days...
"Pro-growth" is code for pro tax-and-spend. More of the same that got Europe into hot water and helped to kill the value of the Euro. Bravo!
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austerity measures are being blamed for the UK's double dip recession, so i think Europe is damned if they do, and damed if they don't.
If government austerity (and austerity is a relative term in Europe) is blamed for a recession, it's pretty clear that the real problem is a fundamentally weak economy. Borrowing money from China to pump up economic activity only creates a bubble of false prosperity. You can make the bubble larger until it explodes--when nobody else is willing to lend the country money, or when printing more money results in runaway inflation--or begin deflating it.
Keynesian economics involves using money saved up in times of prosperity to prime the pumps during a weak economy. It never prescribed wholesale borrowing to keep an economy afloat for a decade.
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"Pro-growth" is code for pro tax-and-spend. More of the same that got Europe into hot water and helped to kill the value of the Euro. Bravo!
Actually 'twas buying a lot of expensive weaponry and mortgaging the farm to do it. Sadly a route also favoured by the harper Regime. The proposed solution of putting all the seniors out to sea on rafts or icebergs is what is truly despicable and yes scary.
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