Subpage under development, new version coming soon!
Subject: »PIIGS - economics problems
problem is that these countries had the biggest benefits from european financement.
no, it killed us.
money from north (private and public) boost our inflaction and has financed mortgage debt bubbles
. their growth was based not by their effort, but by european public investments.
Not really. In fact Germany's growth is based on a competitive war done against us, using their lower inflaction to gain 0.5%/1% EVERY YEAR on southern countries.
italy, a little bit less, but... enough.
we had public sector in pair with Berlusconi.. (it sound ridiculous but its true)
balance of payments in active..
This is not a financial or public debt crisis.
It is an ECONOMICAL (private sector) one. Media talking about public debt and public spending are only making propaganda!
now they are the source of the european ruin.
the source of ruin is the EURO.
Euro is not only a coin..
it is a system of government based on external constraints, that allows countries gov's to ask austerity and cuts becausa "Europe ask us".
but in reality it get in a war* between countries to gain competitivity one on the other , how?
cutting labour rights, cutting public spending, cutting welfare state.
Germany did it before (and did it strongly) and it reduced its inflaction (worst salaries, no higher salaries = less inflaction) and boosted its industrial competitiveness compared to the other countries.
So they gained soon a balance of payments increase related to us.
*=obviously in EU treaties there is no place for this commercial war, this treaties talk about collaboratione and coordination, but in reality nobody is allowed to discuss economic choices of other countries.. especially germans choices that are killing an entire continent..
read here if you want to know something more about: external constraints
(edited)
no, it killed us.
money from north (private and public) boost our inflaction and has financed mortgage debt bubbles
. their growth was based not by their effort, but by european public investments.
Not really. In fact Germany's growth is based on a competitive war done against us, using their lower inflaction to gain 0.5%/1% EVERY YEAR on southern countries.
italy, a little bit less, but... enough.
we had public sector in pair with Berlusconi.. (it sound ridiculous but its true)
balance of payments in active..
This is not a financial or public debt crisis.
It is an ECONOMICAL (private sector) one. Media talking about public debt and public spending are only making propaganda!
now they are the source of the european ruin.
the source of ruin is the EURO.
Euro is not only a coin..
it is a system of government based on external constraints, that allows countries gov's to ask austerity and cuts becausa "Europe ask us".
but in reality it get in a war* between countries to gain competitivity one on the other , how?
cutting labour rights, cutting public spending, cutting welfare state.
Germany did it before (and did it strongly) and it reduced its inflaction (worst salaries, no higher salaries = less inflaction) and boosted its industrial competitiveness compared to the other countries.
So they gained soon a balance of payments increase related to us.
*=obviously in EU treaties there is no place for this commercial war, this treaties talk about collaboratione and coordination, but in reality nobody is allowed to discuss economic choices of other countries.. especially germans choices that are killing an entire continent..
read here if you want to know something more about: external constraints
(edited)
EU had a lot of luxury social programs which was running by debts or out of economics strength
this is false.
It's not the social programs itslef that were unsubstinable.
Its the conomic crisis that make them unsubstinable.
(ec. crisis-> less tax income and more social spending-> public deficit)
And the conomic crisis come from euro's consequences in europe.
But the solution is not to cut (I think every one should understand it) becuase it will kill the sick patient..
this is false.
It's not the social programs itslef that were unsubstinable.
Its the conomic crisis that make them unsubstinable.
(ec. crisis-> less tax income and more social spending-> public deficit)
And the conomic crisis come from euro's consequences in europe.
But the solution is not to cut (I think every one should understand it) becuase it will kill the sick patient..
I believe unemployment rates are still relatively low in Scandinavia, no? And social welfare might have been cut down a little, it's still very high compared with Eastern and Southern Europe.
If you think you're in trouble, travel and see the world.
If you think you're in trouble, travel and see the world.
Im not saying we dont have very nice social and health welfare still (and educational, safety(police) and elder care), im neither saying that we are going bankrupt or cant handle it on our own... but im just saying that this crisis has also made it marks on our system, which it sounded like it hadnt on the comment on that Scandinavia stayed out of trouble.... 5 years ago people could get a job with a little less qualifications then needed and it was easy to get an job here, now if you apply for a job in the supermarket there are 100+ applicants for sitting behind the cash register simply cause of the lack of jobs.... and it cant go on forever, then our working insurance (labour unions) will start to be drained for money, and the lower tax-income will give a lot more cutdowns.... but i agree, that we have the most resources still and are still very blessed... :) for now...
in italy, the biggest problem is caused by the fact that the good money/financements you have was invested in empty buildings(cappanoni vuoti) for speculations, not in production developement.
i agree with you that the public debt issue is mostly propaganda.
with the euro, in italy everyting that is regarding services for alimentation and fun(restaurants, bars, disco... so on) had a good period - all prices doubled in few years, meanwhile the industrial production went down. so, a lot of small antrepreneurs get wealthy and the company workers get poor. at the end, the antrepreneurs remained with out clients.
also, elder people in italy, who have seen/lived the period before the Marshall plan, are less surprised than the young, who know only the prosperity times.
i agree with you that the public debt issue is mostly propaganda.
with the euro, in italy everyting that is regarding services for alimentation and fun(restaurants, bars, disco... so on) had a good period - all prices doubled in few years, meanwhile the industrial production went down. so, a lot of small antrepreneurs get wealthy and the company workers get poor. at the end, the antrepreneurs remained with out clients.
also, elder people in italy, who have seen/lived the period before the Marshall plan, are less surprised than the young, who know only the prosperity times.