J Stadium/Allianz (76 Viewers)

Juventino[RUS]

Senior Member
Mar 9, 2006
29,039
A bunch of unelected bureaucrats (mostly the European commission) in Brussels running the whole thing while trampling on the democracies of the nation-states (like in Greece, in Italy with Monti).They are attempting to create a federal Europe whatever the social cost, they don't care at all about the situations in Greece, Spain, Italy, Portugal, and other countries. Those guys remind me of the Politburo.

I think it would be best for everyone if they broke the whole thing as soon as possible.
Nah, what countries like Spain, Greece, Portugal can give to EU? what they produce? Olives and tourism, huh?
 

Buy on AliExpress.com
Jul 1, 2010
26,352
Juventino[RUS];4185977 said:
Nah, what countries like Spain, Greece, Portugal can give to EU? what they produce? Olives and tourism, huh?
That's the point, the Mediterranean countries are economically incompatible with Northern Europe. They shouldn't be in a fiscal union together, let alone a political union.
 

Juventino[RUS]

Senior Member
Mar 9, 2006
29,039
That's the point, the Mediterranean countries are economically incompatible with Northern Europe. They shouldn't be in a fiscal union together, let alone a political union.
Plus countries who are yet use their own currency don't have any problems with the debt - Switzerland, Poland, Czech
Long-term interest rates of eurozone countries since 1993
 
Jul 1, 2010
26,352
Juventino[RUS];4185982 said:
Plus countries whom are yet using their own currency don't have any problems with debt - Switzerland, Poland, Czech
Long-term interest rates of eurozone countries since 1993
http://upload.wikimedia.org/wikipedia/commons/thumb/e/ea/Long-term_interest_rates_of_eurozone_countries_since_1993.png/800px-Long-term_interest_rates_of_eurozone_countries_since_1993.png[/IMG[/QUOTE]
Well, I'm pretty certain that countries like Greece and Italy would still have massive problems with their debts if they were not in the eurozone but because of the euro they cannot devalue their currency to trade their way back to prosperity.

The Italians, Greeks, Spanish and others absolutely need to go back to the Lira, Drachma, Spanish dollar, etc.
 

Juventino[RUS]

Senior Member
Mar 9, 2006
29,039
Well, I'm pretty certain that countries like Greece and Italy would still have massive problems with their debts if they were not in the eurozone but because of the euro they cannot devalue their currency to trade their way back to prosperity.

The Italians, Greeks, Spanish and others absolutely need to go back to the Lira, Drachma, Spanish dollar, etc.
That's what i meant - keep ur own currency and use euro only to trade with the other countries
 

JuveJay

Senior Signor
Moderator
Mar 6, 2007
74,895
Juventino[RUS];4185982 said:
Plus countries who are yet use their own currency don't have any problems with the debt - Switzerland, Poland, Czech Rep
UK does. Basically the smaller EU nations who stayed with their own currency did better.
 

Vlad

In Allegri We Trust
May 23, 2011
24,000
A mixture of things, but spending your way out of debt always works.
That's what Keynes advocated. Government spending as a way to increase output. Here's an interesting video for everyone who wants to learn more. Hudson seems boring at first but makes great points.

 

JuveJay

Senior Signor
Moderator
Mar 6, 2007
74,895
I was of course being sarcastic, short term it can have benefits, but governments shouldn't be thinking along those lines.

This was their remaining bastion of leftism, when really they are now centre.
 

Vlad

In Allegri We Trust
May 23, 2011
24,000
I was of course being sarcastic, short term it can have benefits, but governments shouldn't be thinking along those lines.

This was their remaining bastion of leftism, when really they are now centre.
Than you're closer to Mishkin with fiscal policy ineffectiveness in a long term. I'm somewhere in between. Government should spend but as long as it's not frequently and the only way of increasing production. Combination of fiscal along with monetary measures ussually worked but as European countries are restricted in that matter they can't do much without others approving it.
 

Lion

King of Tuz
Jan 24, 2007
36,185
That's what Keynes advocated. Government spending as a way to increase output. Here's an interesting video for
That is basic economics. the problem is politics hinder that sort of thing

implementation of such policies takes year, if ever to be considered. plus you got opposition parties voting against said notions just for the sake of being the opposition.
 

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