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no I mean the project of euro.
this project was meant to rule labour rights in central and periferical european cuntries and to make a commercial war from Germany and its satellites to periferical economies.
That's the only result it can lead.
Remember that before EuropeanExchangeRateMechanism , back in 1979, Italy and Spain ask for an authomatic mehanism of compensation for tha advantages that it tooks to northern economies. Germany and France denied it.
What happened then? Then happened that economies that are structurally more inflactive and less competitive, needed to break out from ERM..
But after ERM we invented EURO, one monetary system for all.. but still the problem is there.
now we had 20 years of germany that keeps its inflaction very low, not caring about the fact that this may cause a commercial war versus other countries (how they did? keeping its worker salaries down)
what germany (and its satellite states) gained? a great market for their goods, but most of it:
a market for their capitals, they could invest in higher performing markets (PIIGS markets) without the risk of monetary fluctuations. And they did, but lets take a look to what it happened to those economies...
At the beginning new money took investiments and development (versus PRIVATE debts). But soon came inflaction (obvioulsy if you import money) and those countries cannot re-gain their competitivity with monetary instrumencts (not devaluation, not exchange rate leverage)..
so they fastly lost competitivity and with it they lost workers and income.
So fast as it happened, the PRIVATE debts got PUBLIC * (*=this is a complex explanation, I will jump over it, but if you like I can explain it, I will only use an example: all the statal "helps" to banks we saw in those years..).
So the countries found themselves with a recession and a growing debt.
(Recession= less income from taxation, Growing debt= need for more money)
What they need? Devaluation, for sure.
But they can't, they are in Germany's EURO. nor inflaction, nor devaluation..
And so.. what happen?
It happen that the only other thing it can be done is to turn off labour rights, cut public spending (and with it public services), and make the working class poor.
But it (obvioulsy!!!) get your recession worst.. and in facts.. we are in a terrible recession!
And now what is happening?
- citizens start to understand, and protest. (strikes and violence, as I was saying!)
- capital lenders from northern countries (and from elseware!) understand that it can last long, so they tried to take their money back. (harder to find money for public AND for privates= worster recession)
- weaker economies go bailout (greece), greater are in real danger (italy, spain, but even france)
What it will happen next?
two ways:
1. Germany and its satellites gives money in "help" (but in reality for compensation of an unfair commercial war last 20 years).
2. Euro break. periferical countries devaluate their own "new" currency, Germany and its satellite recession (harder to sell to more competitive markets than you, harder to find markets for your investiments, very poor internal market).
I think we (Italy) need to get out from euro, but our government is an expression of german gov, so we will do what Germany needs, and Germany need to pay for us, so I think germany (and belgium, sweden, nederland, norway, austria, cech rep., etc etc) will give us just the minimum to keep us alive.
The "funniest" part of it, is that worker class people of BOTH sides will pay for it.
I can't be more detailed than this here. this is still an online manager forum! :D
(and exscuse me for my english, you know, our public schools needed some cut, for public spending cuts.. :P )
this project was meant to rule labour rights in central and periferical european cuntries and to make a commercial war from Germany and its satellites to periferical economies.
That's the only result it can lead.
Remember that before EuropeanExchangeRateMechanism , back in 1979, Italy and Spain ask for an authomatic mehanism of compensation for tha advantages that it tooks to northern economies. Germany and France denied it.
What happened then? Then happened that economies that are structurally more inflactive and less competitive, needed to break out from ERM..
But after ERM we invented EURO, one monetary system for all.. but still the problem is there.
now we had 20 years of germany that keeps its inflaction very low, not caring about the fact that this may cause a commercial war versus other countries (how they did? keeping its worker salaries down)
what germany (and its satellite states) gained? a great market for their goods, but most of it:
a market for their capitals, they could invest in higher performing markets (PIIGS markets) without the risk of monetary fluctuations. And they did, but lets take a look to what it happened to those economies...
At the beginning new money took investiments and development (versus PRIVATE debts). But soon came inflaction (obvioulsy if you import money) and those countries cannot re-gain their competitivity with monetary instrumencts (not devaluation, not exchange rate leverage)..
so they fastly lost competitivity and with it they lost workers and income.
So fast as it happened, the PRIVATE debts got PUBLIC * (*=this is a complex explanation, I will jump over it, but if you like I can explain it, I will only use an example: all the statal "helps" to banks we saw in those years..).
So the countries found themselves with a recession and a growing debt.
(Recession= less income from taxation, Growing debt= need for more money)
What they need? Devaluation, for sure.
But they can't, they are in Germany's EURO. nor inflaction, nor devaluation..
And so.. what happen?
It happen that the only other thing it can be done is to turn off labour rights, cut public spending (and with it public services), and make the working class poor.
But it (obvioulsy!!!) get your recession worst.. and in facts.. we are in a terrible recession!
And now what is happening?
- citizens start to understand, and protest. (strikes and violence, as I was saying!)
- capital lenders from northern countries (and from elseware!) understand that it can last long, so they tried to take their money back. (harder to find money for public AND for privates= worster recession)
- weaker economies go bailout (greece), greater are in real danger (italy, spain, but even france)
What it will happen next?
two ways:
1. Germany and its satellites gives money in "help" (but in reality for compensation of an unfair commercial war last 20 years).
2. Euro break. periferical countries devaluate their own "new" currency, Germany and its satellite recession (harder to sell to more competitive markets than you, harder to find markets for your investiments, very poor internal market).
I think we (Italy) need to get out from euro, but our government is an expression of german gov, so we will do what Germany needs, and Germany need to pay for us, so I think germany (and belgium, sweden, nederland, norway, austria, cech rep., etc etc) will give us just the minimum to keep us alive.
The "funniest" part of it, is that worker class people of BOTH sides will pay for it.
I can't be more detailed than this here. this is still an online manager forum! :D
(and exscuse me for my english, you know, our public schools needed some cut, for public spending cuts.. :P )
jews are just doing with the palestinians the same thing that nazis did with him during the world war two.
the diference is: they preffer bombs and guns than gas.
the diference is: they preffer bombs and guns than gas.
Long live the uneducated people of the world.
Don't worry, you'll find someone who think equal you to talk about. Better than be smart and polite.
BTW, we can talk about this with no problem imo. Just respect the persons and talk about the idea. Israel do not need give this treatment to palestinians, they deserve live like us. That's the first reason why that region is always in 'semi-war' in my opinion. Until nobody recue we will see it happen more and more, and palestinians not have much to do than just sit down inside of his camps.
(edited)
BTW, we can talk about this with no problem imo. Just respect the persons and talk about the idea. Israel do not need give this treatment to palestinians, they deserve live like us. That's the first reason why that region is always in 'semi-war' in my opinion. Until nobody recue we will see it happen more and more, and palestinians not have much to do than just sit down inside of his camps.
(edited)
lets keep people talk
again, i said that hundreds of roquets are falling in the israel civillians (tel aviv too) and israel is attacking only armys base of hammas.
again, i said that hundreds of roquets are falling in the israel civillians (tel aviv too) and israel is attacking only armys base of hammas.
BTW, we can talk about this with no problem imo. Just respect the persons and talk about the idea.
Comparing Israel with the Nazi's is not a good starter. Not at all.
I am not interested in a discussion with biased people like you.
Comparing Israel with the Nazi's is not a good starter. Not at all.
I am not interested in a discussion with biased people like you.
Ok. That's my opinion about what is happening there. You don't need consent, answer indeed. Just respect each other.
What is the problem in middle east ?
http://www.youtube.com/watch?feature=player_embedded&v=nEzvhvOcWEs
(edited)
http://www.youtube.com/watch?feature=player_embedded&v=nEzvhvOcWEs
(edited)
Without saying anything about the trial itself (I respect the decision of The Hague), this will probably not improve the relations between Serbia and the European Union. And I hope that if a Serbian enters this topic, you can keep it civil.
I am sorry but I don´t care at all today about the political implications of this verdict. Political implications made these absurd accusations possible in the first place. Today I only care about celebrating that these 2 innocent men are finally free after being kept for 7 and 9 years in prison for doing their best to defend their country in a very difficult situation. They were commanding an unprofessional army gathered mostly from volunteers that didn´t pass their military training. Any experienced officer will tell you that they did a great job and that´s all there is to say about it.
Well, forgive me that I'm not discussing Yugoslav matters with people from former Yugoslavia. It's way too sensitive, and most of you guys (Croats, Serbs, Bosniaks, ...) lack any form of objectivity on the issuet. (Which I don't blame you, so don't feel offended. I'm just done with discussing Yugoslav matters with former Yugoslavs, just like I'm done discussing the Israel issue with Israeli's or Palestines.)
And apart from the fact if he committed crimes or not, I would never ever consider a general of the army my hero. Never.
And apart from the fact if he committed crimes or not, I would never ever consider a general of the army my hero. Never.
well, some people consider michael jackson their hero :D