Subject: »PIIGS - economics problems

they know the best whats going happen in a near future, thats because Merkozy doesn´t look for a long term stabilizing mechanism...western European countries are going to be Islamic in next 15 years...

I will be happy if it is only the end of EU and euro..
but it's not so simple!

Without euro we're completely weaponless against speculation and globalization.
Euro didn't worked, but it was the strongest weapon against them, it failed probably because of its strenght feared too muche some powerful people.

A big market, with a strong coin, ruled democratically in a globalized world..
it will surely lead to a moralization of business and labor market in the entire wordl.. if it work for a reasonable time.

.western European countries are going to be Islamic in next 15 years...


over my dead body! :P

I think that euro has problems just because not everybody take it with all resposibility and some just want abuse euro for own purpose. This is valid for individuals but also for countries.

Imho it will take two/three times longer, but I agree...

I agree. There are countries with euro that never should get that... like Italy, Portugal or Greece.

But what Hungary did with exchange rate and foreign loans are totally unaaceptable for country which maybe want euro, not even for member of EU and international court will act in this case :)

I know that Orbán and Matolcsy are idiots. I'm quite sure they don't want euro, and I'm almost sure they want to leave the EU too...

Without euro we're completely weaponless against speculation and globalization.

This is shitty argumentation for people lived for years in Eurozone...globalization process is normal development of mankind, but I give you one example. Czech republic solved crisis in their country without € better than Slovakia with €...no one speculated with their currency because of well prepared national bank, right office-government decisions and good financial laws...their currency is now stronger than anytime in history...
(edited)

I feel sorry for an ordinary citizens of your country...your politics tricked you in whole line...I don´t see any responsible solving of your situation...hard times are going to your country, but worse thing is, that this going to affect simple citizen, not that fat pigs in parliament (very similar to our country)...

globalization process is normal development of mankind, but I give you one example. Czech republic solved crisis in their country without € better than Slovakia with €..

my opinion; this is because chez, having their own coin, can made devaluations on their coin while crisis is there, and well if you´re economist you know about monetarist politics etc.. ( i feel lazy to explain it large)

but in euro we have an strong coin, wich can be good for Germany or France, but for Spain per example, in crisis times it means a lot of unemplyment : spanish economy needs inflation and a soft coin for having few unemployment -philip´s curve theory- , so i guess probably the same problem with slovakia ( i mean not about employment but about you dont choose your monetary policy neither )

I know well what going on in monetary policy...there is no chance to maintain such a wide monetary union (different economics) with one currency because of different condition of GDP growth...let see whats happen in Mexico 1993-1995 or Argentina 2001...the ECB didn´t take anything from this lessons...

to my previous sentencies:
.western European countries are going to be Islamic in next 15 years...
over my dead body! :P

don´t worry mate, I consider Spain into souther European countries :)))

Inflation is bad, always. Inflation is stealing/robbing people.

thats not true...inflation is good for export and export can maintain jobs for people during crisis...

+1. thats it

@rumpil:

inflation not as sth "good" of course, but a bit of it can help having less unemployment

No, it is cheating people. You can help to your Exchange rate or devaluate or make government support for exporter, inflation is just modern tool for cheating.