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Subject: »PIIGS - economics problems
2nd times I watch this video and still definately good
Belgian long term intrest rate at 5,50% now. Raised 0,25% in one hour.
we still talking about PIIGS?
Belgium’s credit rating was cut two steps by Moody’s Investors Service
welcome to the club...
Whose next target of speculetors??
Belgium’s credit rating was cut two steps by Moody’s Investors Service
welcome to the club...
Whose next target of speculetors??
We expected that (although we expected one downgrade, not two). But still, our financial situation is far better than the PIIGS. Luckily for us. But our future doesn't look very bright.
Do you like raising limit of age for going to pension ??
Slovaks have nice joke for that. I will translate it:
Oh, f..., I have night shift tommorrow !!
Slovaks have nice joke for that. I will translate it:
Oh, f..., I have night shift tommorrow !!
That is not really an issue to look for where the PIGS are. The Problem is to interpret the bar chart. You always have to be extremely careful and fully understand it. (I most certainly do not understand it fully as well, like women. But I kinda have an idea)
Do not misunderstand me, the overall tax rate in Europe is higher than in the US. But why is that so?
One main reason is:
That the quality of health care, child care, the outpay of pensions, money for senior care, the money spend for university education, paid sick, parental leave and so on is not part of the Tax percentage rate for the US and pretty much everyone outside Europe. That is also all a part of that.
Furthermore the debt of private households in the US is higher than in the Eurozone (not writing about GB intentionally), that has to have a reason. By the way while under Obama the total tax revenue as percentage to GDP increased, the private debts decreased slightly. It is not possible to make assumptions here but if I had the full informations I would love to look into it.
There is more to interpret this chart, but I just wanted to show one part.
I am not choosing sides here, i am just trying to clarify that someone has to pay shit, one way or the other.
So, got to do some other awesome shit.
sorry for edit, forgot half my awesome words.
(edited)
Do not misunderstand me, the overall tax rate in Europe is higher than in the US. But why is that so?
One main reason is:
That the quality of health care, child care, the outpay of pensions, money for senior care, the money spend for university education, paid sick, parental leave and so on is not part of the Tax percentage rate for the US and pretty much everyone outside Europe. That is also all a part of that.
Furthermore the debt of private households in the US is higher than in the Eurozone (not writing about GB intentionally), that has to have a reason. By the way while under Obama the total tax revenue as percentage to GDP increased, the private debts decreased slightly. It is not possible to make assumptions here but if I had the full informations I would love to look into it.
There is more to interpret this chart, but I just wanted to show one part.
I am not choosing sides here, i am just trying to clarify that someone has to pay shit, one way or the other.
So, got to do some other awesome shit.
sorry for edit, forgot half my awesome words.
(edited)