Spain is not defaulting. They are recovering. Their unemployment was worse 3 years ago. You have no friggin clue otherwise. Didn't yesterday. Didn't today. Won't tomorrow. My proof ? Greece will be the headlines for weeks and months to come. Spain has not been for over a year, and won't be anytime soon. Suck on that.
Lmao, so 22.7% in 2015 compared to 21% in 2012 is recovering? Damn, you have to dig deep to support austerity, lol!!!! Never have I heard someone saying 22% unemployment is a success story. That's comedy gold right there.
Hey. Akphi ...alphabet ... aka "Sherlock". You used the word "success". Not me. So tip your hat, or flip yourself off, whatever it is libs do when in front of the mirror trying to stay positive. Unemployment in Spain hit 26.94% in 2013. It is now 23.78. While it has gone up and down far beyond what we know in the US, it is lower now than its high point in the '90's as well. It is not about to default as Greece. Facts suck, eh ?
This is the face of success for the austerity crowd, lmao!!!! You can not write better comedy than this...
If only the Greek government spent more money, had more debt, and took more tax money out of the market, then they wouldn't be in the mess they are now.
What rot! Yeah, that 34 DAYS of time off in Germany just destroyed us! Along with enormous for pregnancy (for women AND men!), lots of sick days available, and about dozen other beneftis that Americans don't even exist! http://www.theguardian.com/politics...t-countries-live-unemployed-disabled-benefits
They just can't print money like we can.........as long as the U.S. Dollar is the world reserve currency.
More perceptive folk will realize the proper comparison is not between Germany and the US but between Germany and Greece. It's not the US that is being bailed out by Germany and the EU. Duh...
you don't have a freaken clue what the hell you talking about Greece didn't do any austerity they only cut about 10 billion euro over 3 years of over 120 billion euro budget that would be the same as throwing a thimble of water on a house fire and when it doesn't put the fire out claim "see I told you water doesn't put out fires"
You're right! Greece (and much of the rest of the EU has been living on central bankers'/IMF's "printed" money anyway. The banksters will simply print more money and life will go on. No... there's something else going on here -- a power play. But, why, exactly? The European Central Bank, the Fed, the Bank of England, et al, already run the economies of Europe and the United States, so what do they gain by crunching Greece now? What everbody seems to forget is that the whole Greek "debt" thing when compared to the scale of planetary economics is barely even visible! All this anxiety and brinksmanship is over a pissant $1.7 billion dollars. The Greeks have a total debt of, what, not quite $9 billion dollars? THAT IS NOTHING! Consider: the welfare-pustule American territory of Puerto Rico has made news by throwing its hands in the air and saying that it cannot pay its debt of $72 billion dollars! OK, now, that's "serious" money, but I haven't heard about people setting their hair on fire and running around in circles because of it! In any event, a similar course of action will be taken by the American arm of the international banking hegemony, the Fed -- just "print" more money and everybody will "kick the can", and life goes on. We've already been doing this strange, irresponsible (*)(*)(*)(*) for the past seven years, so why stop now? "Printing" money involves a hell of a lot less pain and effort than actually doing anything, so to hell with it! Abraham Maslow was right! We're all a bunch of lazy bastards who want to live well while doing little or nothing to earn it....
Puerto Rico has a per person share of the debt of $20,000 and they have thrown in the towel. The US itself, however, has a per person debt ration (share of the national debt) of more than $50,000. Yet we float blissfully among the rapids. Why? Because we have our own printing press. So, does debt matter when you can print up all the money you need? http://www.cato.org/blog/does-16-trillion-debt-matter-remedial-lesson-public-finance-economics-gop
Well, you're right, but remember -- Europe has its own printing press, called the European Central Bank, the evil-twin of the Federal Reserve combine in this country. It's kind of funny, really. If Germany really does write-off the comparatively small debt that Greece owes them and tosses them out of the euro, it'll probably set off a wave of anti-German sentiment among the beggar-nations of the EU, and there'll be drunken mobs burning old Swastika flags and raising hell about what a bunch of tyrants the Germans are. It's in fashion to do this kind of thing right now... here in the States, the mobs are making themselves feel good by going after old Confederate battle flags. Some people are so easily entertained.... But, what I want to know is this: where's the power play? The ECB and the IMF already completely run every economy of every country in the EU. Mario Draghi and Christine Lagarde are the REAL rulers of Europe, and they have all the power and all the control over the euro. What do they want from Greece that they don't already have? When you own somebody, body and soul, then you kick them out of the house instead of having them go on doing your bidding? Doesn't make sense! It's not the pissant $1.7 billion dollars... no, it's something else, but I don't know what it could be.
Greece, and other EU nations, surrendered a good deal of their sovereignty to the feel good club they are in. Now Greece regrets it and I'm sure Germany regrets it also. A plan to combat US and Chinese market hegemony has gone ka-blewwy in their faces because every club has it's loose cannons and laggards. I don't see the sense in continuing to throw money down the Greek rat hole and Greece is too weak to change their ways. I see a lesson there for us.
Greece dug its own grave and the EU gave it the shovel to do so. Too bad German taxpayers had to fork over so much of their money before everyone realized this was a bad idea to begin with.
No, polly, the Greeks owe a hell of a lot more than that. According to this they owe $270 billion dollars. Take a look, http://www.usatoday.com/story/news/world/2015/06/30/greece-eurozone-austerity-referendum/29499441/ The rest of Europe would do well to get rid of this socialist basket case. But like you I also still think that they will come to some kind of "deal".
That has literally nothing to do with it. They can't print money because they are apart of the EU. The EU can print as much money as it wants regardless of not being the world reserve currency or not. But us being the reserve currency has literally nothing to do with why Greece can't print money. Greece is no different than say North Dakota when it comes to monetary systems.
That is the trillion dollar question. I have absolutely no clue why the EU wants to watch Greece fail. Makes absolutely no sense to me in the grand scheme of things. Even if you are Germany and don't want more money printed, you are basically cutting off demand coming from EU countries. But they went in to this thinking austerity would work, so I imagine they still believe that destroying the country is in its best interest, because now it can magically start producing again and working without borrowing money. Oh wait, you have an entire system that is dependent on debt, how can Greece possibly recover without more debt, haha. It makes no sense.
Well, you're right, it's even more money that they owe than I realized. The European Central Bank has sunk a lot of money in this economic black-hole already, but to a central-bank I still maintain that it doesn't make a hell of a lot of difference. The Fed, the ECB, the Bank of England -- whatever! They just flood the world with freshly-"printed" paper and everybody (including all the gamblers in the stock market casinos) are all as happy as dogs on a gut wagon. So, I still don't understand why the Germans (i.e., the European Central Bank) is making such a big stink over Greece. They need to just give Greece and anybody else that wants billions of euros all they want, and just keep on adding zeros to whatever the total is. Nobody CARES how big any country's debt is. Hell, here in the U. S., our debt has swelled to almost $18.3 TRILLION dollars, and our ratio of national debt to GDP is at least 106.5%. Look around you... does anybody act like they give a (*)(*)(*)(*)? Obviously, about to bust a gut with high anxiety....
This is just the most perfect example of austerity. It's absolutely hilarious, no offense to Greece. I don't see any difference between destroying your country through austerity than destroying it through printing too much money. At least when you print money you are trying to increase productivity rather than choosing to just destroy everything. The only thing anyone can say for a fact out of this matter, is austerity has not helped Greece regardless of what happened before they started the austerity policies. There's no way around that. - - - Updated - - - Yikes!!! Austerity looks brutal...
It's called a juxtaposition. U.S. NATIONAL DEBT CLOCK The Outstanding Public Debt as of 30 Jun 2015 at 09:57:22 PM GMT is: The estimated population of the United States is 320,888,225 so each citizen's share of this debt is $56,576.55. Do you plan on telling your children and grand children they will have to pay that back? You are right....unlike the United States who prints more money to pay it's debts Greece has no such luxury, neither does North Dakota. Should we lose the World Reserve Currency status, the U.S. will resemble the poverty seen in Germany in the 1930's. I care about the good people who will suffer when that happens.....and it WILL happen. I don't care about the people that think it can carry on in perpetuity and party like it's 1999. They will be in for a rude awakening. I am old and will pass on to the ever after long before it happens.
Are you afraid of large numbers or something? Do they scare you? Haha, I find it funny how you guys have the same argument that our grandparents told their children, yet no one ever has to "pay it back". The difference between you and intelligent people is they try to figure out why people are wrong... and once you do, you realize how ignorant it is to make comments like "telling your children they have to pay it back", lmao. No one will ever have to "pay back" the US debt.
Tell that to China when they want the state of Hawaii in exchange for what we owe them and are prepared to take it by force if necessary. Who pays then?
China will get paid whenever their treasuries mature. We have absolutely no worries being able to pay off our maturing debt. Any other fallacies you want to spout?
Funny how liberals think the answer to every money solution is either tax more or print more. Neither do anything to produce more. If the problem with Greece is that it consumes more than it produces, it needs to either consume less,or produce more. Money is just a median of exchange, not a consumable good.
