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Silvanel
Poland4733 Posts
Some city council deputy in Sevastopol (eastern Ukraine) actualy called for Russian military interevention (if we are to belive the news). If this is true he might have some problems after current crisis lols. It tells us a lot about how much Ukriane is polaryzed at the moment. Source (only in Polish sry) http://wiadomosci.onet.pl/swiat/list-do-putina-prosze-o-wprowadzenie-wojsk-rosyjskich-na-ukraine/rl9nb | ||
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mijagi182
Poland797 Posts
Actually im astonished, those events are not covered by a separate general thread. No Ukrainans on TL or hardly anybody gives a ...? | ||
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Saumure
France404 Posts
 ?edit: not happy if there are escalations ofc... | ||
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Sakoha
United Kingdom25 Posts
On December 02 2013 22:48 Saumure wrote: I am so happy for Ukraine! EU would have been a bad scenario for them. Did you know that the IMF forces countries to give up their gold ?edit: not happy if there are escalations ofc... Give up gold or give up gold standard? Because giving up gold is like... paying a fee to the IMF. While giving up the gold standard and transitioning allows for many 'creative' monetary operations such as monetization of the debt- which may be a appealing policy choice for a few of these near-defaulting eurozone countries. | ||
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mdb
Bulgaria4059 Posts
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Doublemint
Austria8643 Posts
On December 03 2013 00:12 mdb wrote: I understand all these people protesting, but EU wont bring any good for Ukraine. I really wish we (Bulgaria) could get out of this organization. I would really much appreciate it if you were to elaborate on this. I see it pretty much the other way around. | ||
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JonnyBNoHo
United States6277 Posts
S&P downgrades Netherlands’ credit rating The Netherlands has become the latest eurozone member to be stripped of its triple A credit rating by Standard & Poor’s, the credit rating agency, which cited weakening growth prospects for its decision to downgrade the country. “The downgrade reflects our opinion that the Netherlands’ growth prospects are now weaker than we had previously anticipated, and the real GDP per capita trend growth rate is persistently lower than that of peers,” said S&P in a statement. ... “We do not anticipate that real economic output will surpass 2008 levels before 2017, and believe that the strong contribution of net exports to growth has not been enough to offset a weak domestic economy,” said S&P. The economy is expected to contract 1 per cent this year, according to the European Commission forecast, more than double the projected eurozone contraction. “We’re a country where we have a strong structural base but we have a number of issues to deal with,” he told CNBC. “This confirms the need to push forward with some of the reforms.” He added that the government was making the labour market “more flexible” and the pension system “more sustainable” ... Link | ||
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BeaSteR
Sweden328 Posts
On December 03 2013 00:12 mdb wrote: I understand all these people protesting, but EU wont bring any good for Ukraine. I really wish we (Bulgaria) could get out of this organization. I agree. However choosing between Russian influence or the EU is like being caught between the devil and the deep blue sea. I really feel sad for the Ukrainian people living under such corruption. They should select a new government but it is hard to remove corruption if it is socially accepted even if you remove the rulers. The case of Greece shows that clearly. | ||
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Gorsameth
Netherlands21961 Posts
No doubt it matters for finance stuff and its a "big" deal but I haven't taken them seriously since the start of this crisis when it became obvious that ratings were mostly arbitrary. | ||
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mijagi182
Poland797 Posts
On December 02 2013 22:48 Saumure wrote: I am so happy for Ukraine! EU would have been a bad scenario for them. Did you know that the IMF forces countries to give up their gold ?edit: not happy if there are escalations ofc... Even if Ukraine chooses EU over Russia, it will be many years before it could become a member. Anyway, i have a feeling im responding to a troll post... | ||
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mijagi182
Poland797 Posts
On December 03 2013 00:23 Doublemint wrote: I would really much appreciate it if you were to elaborate on this. I see it pretty much the other way around. Probably, what he has in mind is that EU forces dozens of stupid regulations that harm developing countries more. | ||
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JonnyBNoHo
United States6277 Posts
On December 03 2013 02:32 Gorsameth wrote: No doubt it matters for finance stuff and its a "big" deal but I haven't taken them seriously since the start of this crisis when it became obvious that ratings were mostly arbitrary. Yeah, I don't think the downgrade itself is necessarily significant. It's still useful as a progress update and it could be important depending on how policy makers respond. Also, the S&P opinion "We do not anticipate that real economic output will surpass 2008 levels before 2017" was pretty shocking. | ||
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GoTuNk!
Chile4591 Posts
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Gorsameth
Netherlands21961 Posts
On December 03 2013 09:21 GoTuNk! wrote: As a finance student I think S&P and other rating agencies are a huge hoax? They make up huge mathematical models that do not predict anything and charge a fuckton of money for empty predictions? Like, when the US govt got downgraded, the markets mostly ignored it (which leads me to think I'm not the only that thinks like this?) When this crisis began the banks that fell/had to be saved were those with triple A ratings. The nations that (almost) went bankrupt had high ratings. It showed what a scam the ratings are since they don't reflect reality and if they don't reflect reality they are useless. | ||
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Skilledblob
Germany3392 Posts
On December 03 2013 09:21 GoTuNk! wrote: As a finance student I think S&P and other rating agencies are a huge hoax? They make up huge mathematical models that do not predict anything and charge a fuckton of money for empty predictions? Like, when the US govt got downgraded, the markets mostly ignored it (which leads me to think I'm not the only that thinks like this?) rating agencies are a hoax like you said. they are paid by the institutions that they are rating ( the banks ) | ||
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SilentchiLL
Germany1405 Posts
On December 03 2013 02:47 mijagi182 wrote: Probably, what he has in mind is that EU forces dozens of stupid regulations that harm developing countries more. I think the money the EU invests in those countries makes more than up for it though, estonia (and poland) would be good examples for that. | ||
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Danglars
United States12133 Posts
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Sub40APM
6336 Posts
On December 03 2013 00:12 mdb wrote: I understand all these people protesting, but EU wont bring any good for Ukraine. I really wish we (Bulgaria) could get out of this organization. Bulgarians are much better off now than they were pre-EU. You receive billions in dollars in transfers and you are allowed to work in better countries as legal residents. Ukraine could have become like Slovakia before they actually joined, a giant car factory and industrial zone where cheap Ukrainian labor could actually compete even with the Chinese. | ||
zatic
Zurich15355 Posts
Ukraine is literally dying off. It's one of the very few countries with a falling life expectancy. And it seems everyone who can leaves. I mean look at population chart here: http://en.wikipedia.org/wiki/Ukraine#Demographic_crisis | ||
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Yurie
11932 Posts
On December 03 2013 16:07 zatic wrote: Ukraine has problems that go far beyond those of other peripheral countries, and there is little reason to believe an association to either the EU or Russia is going to fix them. Ukraine is literally dying off. It's one of the very few countries with a falling life expectancy. And it seems everyone who can leaves. I mean look at population chart here: http://en.wikipedia.org/wiki/Ukraine#Demographic_crisis http://upload.wikimedia.org/wikipedia/commons/0/0f/Natural_Population_Growth_of_Ukraine.PNG I think that image shows the trends a bit better. Pretty much entire USSR time the trend was growing worse, to slowly starting to go upwards since 2006 or so. | ||
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