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Todays world economy relies on debt and debt only. Even though Germany, France, Great Britain and Italy do have heavy industry they all suffer from huge debts.
I will not say anything about the US. They have already been bankrupt once in their history, looks like its either war or bankrupcy all over again for them. Japan is not looking good either.
So, its pretty clear to some, that world economy relies on the generation of debt of countries to banks in the case of US the debt of US to the Reserve Federal Bank. Further down, country economy relies to the debt produced by taxpayers.
Its nearly difficult or impossible to pay out the one and only source thats producing paper money, when they simultaneously produce it and loan it as is the case with the Federal Reserve Bank.
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Yeah people are evading taxation, but thats nothing new, nor is it something special when You consider VAT. People would be evading it even if it was constructed in different way or was much lower. Thats just the way it is. Monay not paid to government is money saved. Its happening all over the world (yeah even in US  ) VAT was designed this way to make it difficult to evade, and its working pretty well. Its not perfect obviously, but hell what is.
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On March 01 2010 15:27 TanGeng wrote:
Hell the British pound hangs more precariously in the balance.
Europe might go to hell in a hand basket. But it cannot be doubted that the Mediterranean countries are all basket cases. I think Greece will learn its lessons though. It is the socialist government adopting the austere measures to bring their public debt under control.
Painful but worse would be bailing Italy and Portugal and watching Spain disintegrate into three or four countries. Spain still might disintegrate into multiple countries regardless.
Maybe if this bastards of Goldman Sachs didn't speculate against entire countries they are supposed to help, they wouldn't have so many problems.
Why the hell would Italy or Portugal disintegrate? Doesn't make any sense. Even in Spain despite this Catalan nationalism, there is just no chance at all that the country split in two.
The only State which is in danger because of separatist nationalist in Europ in Belgium, but even there, I don't believe it can really happen.
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Sanya12364 Posts
On March 08 2010 05:11 Biff The Understudy wrote:Show nested quote +On March 01 2010 15:27 TanGeng wrote:
Hell the British pound hangs more precariously in the balance.
Europe might go to hell in a hand basket. But it cannot be doubted that the Mediterranean countries are all basket cases. I think Greece will learn its lessons though. It is the socialist government adopting the austere measures to bring their public debt under control.
Painful but worse would be bailing Italy and Portugal and watching Spain disintegrate into three or four countries. Spain still might disintegrate into multiple countries regardless. Maybe if this bastards of Goldman Sachs didn't speculate against entire countries they are supposed to help, they wouldn't have so many problems. Why the hell would Italy or Portugal disintegrate? Doesn't make any sense. Even in Spain despite this Catalan nationalism, there is just no chance at all that the country split in two. The only State which is in danger because of separatist nationalist in Europ in Belgium, but even there, I don't believe it can really happen.
about Portugal and Italy - read more carefully and check your grammar.
about Spain - if the central authority fails to hold up its end of the bargain, a country will fall apart and it usually falls apart faster than anyone can imagine. The ones you can see coming a mile away like Belgium will get resolved. The ones that takes everyone by surprise happen quickly - see Soviet Union.
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On March 08 2010 06:29 TanGeng wrote:Show nested quote +On March 08 2010 05:11 Biff The Understudy wrote:On March 01 2010 15:27 TanGeng wrote:
Hell the British pound hangs more precariously in the balance.
Europe might go to hell in a hand basket. But it cannot be doubted that the Mediterranean countries are all basket cases. I think Greece will learn its lessons though. It is the socialist government adopting the austere measures to bring their public debt under control.
Painful but worse would be bailing Italy and Portugal and watching Spain disintegrate into three or four countries. Spain still might disintegrate into multiple countries regardless. Maybe if this bastards of Goldman Sachs didn't speculate against entire countries they are supposed to help, they wouldn't have so many problems. Why the hell would Italy or Portugal disintegrate? Doesn't make any sense. Even in Spain despite this Catalan nationalism, there is just no chance at all that the country split in two. The only State which is in danger because of separatist nationalist in Europ in Belgium, but even there, I don't believe it can really happen. about Portugal and Italy - read more carefully and check your grammar. about Spain - if the central authority fails to hold up its end of the bargain, a country will fall apart and it usually falls apart faster than anyone can imagine. The ones you can see coming a mile away like Belgium will get resolved. The ones that takes everyone by surprise happen quickly - see Soviet Union.
For my grammar, I am extremely sorry not to be English or American. That's a bit the problem with earth, there are people who actually don't come from there. Annoying.
Didn't understand the sentence, sorry. Spain won't disintegrate, there is just no way, anybody who knows European politic would tell you that. Soviet Union is a so different case it's like saying "a country can disintegrate really fast, look at Roman Empire".
Situation in Belgium is completely different than in Spain with Catalunia and Basque country because there are 50/50 Flamish and Wallons. The same way, you can't compare the problem of Corse with France with Belgium.
Plus, there is European Union, and believe me, it changes everything.
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French finance minister Christine Lagarde infuriated Berlin earlier this week by suggesting that Germanys relentlesss wage squeeze was making it impossible for Club Med (Paris: FR0000121568 - news) states to claw back lost competitiveness within monetary union, forcing them into a deflation policy that must ultimately rebound against everybody.
"Clearly Germany has done an awfully good job in the last 10 years or so improving competitiveness. When you look at unit labour costs, they have done a tremendous job in that respect. Im not sure it is a sustainable model for the long term and for the whole of the group. Clearly we need better convergence. While we need to make an effort, it takes two to tango," she told the Financial Times. Mrs Lagarde said yesterday that Germany should cut consumption tax to lift imports and help do its part to narrow the North-South gap.
http://uk.finance.yahoo.com/news/angela-merkel-defies-imf-and-france-as-anger-rises-over-german-export-surplus-tele-505764776efa.html?x=0
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Read: Germany has become too competitive. She needs to become less competitive so we can compete with her.
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Germany has always been too competitive =P
Blame it all on Prussia.
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So I guess this means Germany, nor France are going to bail out Greece?
And that Germany and France are back to being mad at one another?
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On March 22 2010 05:39 {CC}StealthBlue wrote:
And that Germany and France are back to being mad at one another?
Nah just the ill-advised dwarf and his ministers.
He got pretty much raped for the regional elections this week btw 
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This thread is quality. Seriously, and I'm not meaning to offend with this, but this 1 internet thread has destroyed any image I had of the USA being a majority of hicks who think "Little 'ol Europe is just south of Dakota".
I'm from England, I guess I should be used to worldwide stereotypes - I say, cup of tea old bean and all that... The world is a fucking immensely awesome place, I love learning about what has happened on our planet throughout history. We're all just a flash in the pan really, I think we should worry less about NEED MORE MINERALS (Money) and just go out and take/fuck/eat what we want haha.
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BRUSSELS — Desperate to halt the Greek debt crisis that has hammered the euro, fellow eurozone governments tossed it a financial lifeline Sunday, saying they would make euro30 billion in loans available this year alone – if Athens asks for the money.
The International Monetary Fund stands ready to chip in another euro10 billion, said Olli Rehn, the EU monetary affairs chief.
Source
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lol when I saw this thread my first thought was Patch 8 is coming out! Thanks for destroying my hopes 
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Zurich15359 Posts
There go my hard earned tax Euros...
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free bags of money always solve everything
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I even saw the news that Greece is having alot of problems with there economy they don' t know what would they do and its not just the problem for Greece only it is also effecting whole europes economy because they use Euro currency too so ts really hard for them to make their economy better accept U.K they have different economy and also they different currency. first or in order to make there economy fine right now not only the U.S Dollar is facing the Euro because U.S economy is getting down Canadian economy is going up so the Canadian Dollar would be more stronger than the U.S Dollar and Canadian Dollar is also well facing the Euro and Canadian economy is going well and getting strong and there Dollar is also getting very strong.
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On April 12 2010 03:18 zatic wrote:
There go my hard earned tax Euros...
Don't worry, you just became the Greek government's banker. No risk in that.
I will not personally complain. The Canadian dollar has gained 15 cents on the Euro since the beginning of this crisis.
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stupid fucking people need to STOP SPENDING MONEY THAT YOU DONT HAVE
just like over here in america,all these stupid fucking businesses promoting poor financial decisions. and stupid people thinking its ok to waste money on shit they dont need and cant afford
"NO CREDIT? NO PROBLEM! WELL LET YOU BUY FROM US EVEN IF YOU DONT HAVE MONEY, THAT WAY YOU CAN GAIN THOUSANDS AND THOUSANDS OF DOLLARS IN DEBT! THATS SMART RIGHT?"
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EPT
