Subject: »NEWS AROUND THE WORLD

maybe both like I am :-DD

#11 It is being projected that Italy will need a major EU bailout within six months.
couple of sad facts :-(

http://www.zerohedge.com/news/2013-07-10/11-signs-italy-descending-full-blown-economic-depression


#1 The unemployment rate in Italy has risen to 12.2 percent. That is the highest that it has been in more than 35 years.

#2 The youth unemployment rate in Italy is sitting at 38.5 percent, and in southern Italy it recently hit the 50 percent mark.

#3 An average of 134 retail outlets are shutting down in Italy every single day. Overall, approximately 224,000 retail establishments have closed since 2008.

#4 Italy's economy has now been contracting for seven quarters in a row.

#5 It is being projected that Italy's GDP will shrink by 1.8 percent this year.

#6 Industrial production in Italy has declined for 15 months in a row. It has now fallen to its lowest level in about 25 years.

#7 Overall, factory output in Italy has fallen by about one-fourth since 2008.

#8 In May, automobile sales in Italy were down 8 percent compared to one year earlier.

#9 The number of people that are considered to be "seriously deprived" in Italy has doubled over the past two years.

#10 Italy now has a debt to GDP ratio of 130 percent.

#11 It is being projected that Italy will need a major EU bailout within six months.

At this point, Italy is flat broke.

and so?
what's new?
This is what I said 2 years ago..


stupid eurocrats killing million people lifes..

the point is short time mention in first bold sentence :-D
and this is not about eurocrats, this is about problems in italian economy...

start reading carefully what you posted.

i dont have time... so if I am wrong sorry, I am at work and too busy... I just want piss you off little :-DD

but I love you :-D

Look, on this, a lot of countries should get an example from Hungary :-)


http://www.portfolio.hu/en/economy/hungary_cbank_chief_matolcsy_wants_local_imf_office_closed.26345.html

Hungary debt:
http://www.tradingeconomics.com/hungary/government-debt-to-gdpl


I hear that there is bad situation and some economy problems as everywhere, but they will pay back all borrowed money and last year we can see decreasing debt !!! Very good and very nice to hear such a news.
(edited)

Wait for a while, Matolcsy says, Hungary will likely repay the debt. :)

But yes, Fidesz governments usually care about national budget and debt, indeed. Not just this one, the previous (1998-2002) Orbán government also did decently.

The problem is, they're not very business friendly, and it also discourages growth. For example they impose high taxes on banking system, overwrite previously written private contracts with the bank's debtors, and they even brake their own words usually. So foreign banks try to avoid all the risks, some of them even try to leave Hungary (but they're stuck here). It's impossible now for a small enterprise to get credit, instead they owe each other with more and more amounts, and they can't plan ahead. So government itself tries to give loans to the SMEs, but we don't know yet, how exactly it'll happen.

As we can see government tries to raise it's influence on strategically important sectors, like banking sector, and same goes with some others, like energy services or maybe even telecommunications. There's an interesting experiment going on here in Hungary, the government tries to transform our economy into state capitalism, we just don't see how it's going to work, and when will we see growth.

Our other choice would be the Socialists. They're much more liberal and market friendly. However they don't care much about national budget, so they like to increase national debt rapidly. Also they're corrupt as hell, just like Fidesz.

If only we wouldn't have politicians... :)

every country has the politician that deserves (and this is valid also for Italy).

But having not politicians means to have a king..
I think it will be worst!!

But having not politicians means to have a king..

Your most retarded statement ever, although there is some fierce competition!

the government tries to transform our economy into state capitalism, we just don't see how it's going to work, and when will we see growth.

That is true. But one thing si the way how can state repay debt and another thing is the plan and public commitment that they will do this. This second part I like.
I agree that the way you mention can hurt your economy, but I dont care especially if problems is HU economy can help to SVK economy ;-)
(but svk-hu business relationship is not support this my idea very well :-D )

every country has the politician that deserves

Now you're talking like a libertarian. :)

But having not politicians means to have a king..

Yes, that's a funny sentence, indeed. :D
(Also a hint: I was not entirely serious.)
(edited)

(but svk-hu business relationship is not support this my idea very well :-D )

Hmm... maybe not. :)

Now you're talking like a libertarian. :)

I don't understand why you think I'm not.
A true libertarian, not an ideological-blinded one!

Yes, that's a funny sentence, indeed. :D

It's obviously a semplification. it means that when you are ruled by people you can't even elect.. you're ruled by someone that has no motivation to please you!

quite ugly accident in the Spain :-(

http://www.zerohedge.com/news/2013-07-25/instant-tragic-spanish-train-crash-caught-cctv-camera

180 km hour on a zone limites to 80 km hour

judge has now the black box to know the reason of this high speed, if techich fail, human mistake or what


worst train accident in years here

RIP
(edited)