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On June 29 2010 21:28 Subversive wrote:Show nested quote +On June 29 2010 21:06 Velr wrote:
1. iceland
2. greece
3. spain, portugal and probably ireland.
But germany + france are able to keep the Euro afloat for a relly long time.
But if you compare the whole of europe to the US, the US has probably the shit end of the stick.
In switzerland i noticed nearly nothing, just our currency is getting too strong. Yeah Australia has really dodged the worst of this as well. Don't know who voted Aus. Our unemployment keeps dropping, our trade is strong and we've made almost a 100% recovery. Only our deficit has increased, which compared to the US and Europe is nothing anyway.
Unemployment figures are a bit misleading, from what i know a significant portion of people are unemployed but are going thru gov paid schooling. which under technicalities makes them not unemployed.
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obviously europe and the US, but these categories are too vague. those countries whose economic progress in the years prior to the crisis had been built mostly on speculation about rising house prices and the like have been hit the hardest, specifically spain, ireland, california and the vegas region. other countries hit hard are those who were the weakest link in the refinancing chain, like greece. the tightening of credit lending guidelines hit those hardest who had the least credit worthiness, like iceland and greece.
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what exacly happens that makes your life worse with than normal in this recession ?
Here in Brazil we have seen no recession, I wouldnt even be able to identify one
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I can definitely say it's Latvia from EU countries followed by Spain and Greece.
And as a country overall, imho, Russia is really a long way to go to get to anything close to countries like Canada, Germany, Netherlands, etc.
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This weeks shipment of beaver pelts was ransacked by the Iroquois . We got word the peggy got the small pox and her and her baby died. She was too old to be havin kids anyway at the age of 24.
Canada?.....
120 years ago..?
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Out of curiosity, what are the majority of the politicians like within the EU? Specifically, Germany, France, Spain, and Greece?
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On June 29 2010 09:09 Jerubaal wrote:Show nested quote +On June 29 2010 08:59 Destro wrote:
ok who voted for canada, seriously now... Moose Investing has dropped nearly 30% in the last year.
G20!!!
But seriously as far as I'm concerned Canada is nearly on top for global C02 emissions.
It's hard to say "this country is more in trouble" because realistic I think every country / region has a lot of problems.
For the recession I think Europe has big problems :/
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On June 29 2010 11:09 fabiano wrote:
I dont know anyone who was actually affected by the recession
Me neither to be honest.
People who spend their money in a responsible way and aren't taking out insane loans to pay for something as redundant as a second couch will most likely be perfectly fine.
It is kind of sickening to see people complaining about the recession while at the same time just ignoring the fact that our recession is still a thousand times better than a good year in 3rd world countries.
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On June 29 2010 22:29 D10 wrote:
what exacly happens that makes your life worse with than normal in this recession ?
Here in Brazil we have seen no recession, I wouldnt even be able to identify one
It is mostly about unemployment. Firms cut jobs and it is really hard to find a new one.
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On June 29 2010 23:45 [UoN]Sentinel wrote:
Out of curiosity, what are the majority of the politicians like within the EU? Specifically, Germany, France, Spain, and Greece?
I think it may be hard to get an objective answer about this but here's my opinion on the politicians in Greece:
Last government was probably the crappiest we've had in the last decades. They caused a lot of scandals by stealing/abusing public wealth (like from the health care system etc) and worst of all they forged the country's financial reports which caused banks to stop trusting Greece, increase the spreads, refuse new loans etc. Even though the situation in Greece has it's roots in economic problems that started many years ago (Greece has basically no heavy industry what so ever and very few exports, mainly just tourism) they probably made it much much worse.
Current government is called the "socialist" party but are basically a little less right and more center wing than the previous one (and hopefully less corrupt as well).
The problem is that they were elected right as the crisis started so they haven't had a chance to really show what they can do. Right now Greece's financial policy is completely controlled by the European Union as a requisite in order to get any help from them. So all this government has been doing is following the Eu's commands, trying to improve the country's standing in the eyes of financial institutions and basically trying not to go bankrupt 
Only time can show if they handle the economy well but to me they seem like decently able people so there may be hope.
Please take this with a pinch of salt since I have no deep knowledge about economics, it's just from what I read in newspapers and stuff.
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Africa, while the direct effects of the recession are probably less than EU or US, but the vastly reduced focus on Africa means their problems are being addressed even less than usual by the developed world. So the opportunity cost of the recession for them is the possible improvement in their standard of living, which matters just as much as the more obvious explicit costs experienced in the EU.
The fact that the opportunity cost for Africa is more people with AIDs or starving compared to the European problem of people having to live on the dole, means that the effect of the recession on Africa is worst when one considers all effects.
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On June 29 2010 12:29 MangoTango wrote:
Wow, nobody thinks that Africa has the most problems? People are frakking starving there, people. Also, AIDS and warlords and endemic tropical disease and religious persecution and all of that.
The recession probably hasn't changed that very much.
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Greece -> EU -> Europe
Pretty easy choice.
America is doing okay, despite what people think.
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On June 29 2010 11:25 exeexe wrote:Show nested quote +On June 29 2010 11:09 fabiano wrote:
I dont know anyone who was actually affected by the recession LOL open your eyes.
i see, your eyes are open
wear no disguise for me
come into the open....sing (sorry that song is just too addicting)
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The recession is actually making people worldwide happier - since everyone's having problems, there's nobody to envy.
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As whole its really no contest. Africa was crap and is still crap. No change. Certain countries in Europe are effected heavily but others are not. The US went from the world leader to possibly going to collapse. Huge shift.
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Lol Australia wasn't effected by the GFC. We were effected by our own government being stupid
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On June 29 2010 23:45 [UoN]Sentinel wrote:
Out of curiosity, what are the majority of the politicians like within the EU? Specifically, Germany, France, Spain, and Greece?
In comparison to American politics, the typical European liberal is a great deal more liberal than the standard American liberal (i.e., American liberals consider national health care to be an important issue, whereas European liberals and conservatives alike don't really question the idea or principle behind it). Likewise, some European conservatives are considerably more conservative than their American "counterparts". This is due to a number of factors, several of which are the proportional representation system that many European nations employ, allowing for more diverse and specific political parties compared to American (and British) plurality systems, which tend to favor more general political parties whose divisions are based primarily on socio-economic policies.
To illustrate, Europe has parties like the PVV which hold real political power, whereas it would be unlikely for such a party to gain widespread support in the United States due to the structural system of the electoral process. Up to debate, of course.
In a nutshell, true European liberals would be considered hardcore liberals in American politics. Recent trends in European elections (Britain, Germany, Netherlands, etc) show an upsurge in conservative-orientated voters, partially as a gut reaction to "failed" liberal economic policies, immigration issues (which are much more controversial in Europe than in America), and other factors.
I haven't had the time to keep wholly abreast of the politics in Spain or Greece, however.
As for the OP, the EU/US are the obvious answers in terms of clearly seen economic loss. However, and this is largely going off bits and pieces of knowledge with no real research by myself about it, I would say that Africa is probably the worst off due to the withdrawal of external aid and monetary assistance, thereby hampering development and aid. I haven't any facts to support this and don't have time to get reliable sources, but it's probably fairly accurate.
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lol, eu is doing fine. its 1 or two countrys thats haveing issues. and all that has to be done is other countrys pay the bill, witch their very much capable off. and even the richest countrys in eu isnt apart of the socalled "EU" region whatever its called. so US def has the most problem these days and prob will in the future aswell. their drama queens (no offence.)
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EPT
