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And the EU story was not a debt ridden falsehood when? Kinda old news.Bullshit.
It's not the main reason, but it's one of the reasons.
NATO requirement for defense spending is 2% of GDP allthough only 6 countries achieve that level.
Greece upgraded its military intensively in the 90's, many of it financed by debt.
Here is Greece's actual defense spending throughout the years covered by budget:
Google - öffentliche Daten
i figured out we the eoro sucks as a monetary unit, it's because europe sucks. they have been living a lie of socialism hypocracy. in there lazy way, they can't even manage the relatively easy life they have when things are going well. they sponge off of us, living a secure safe existence without having to contribute much of anything. but that's not good enough, they have to work an easy life shift, then retire at forty five and sit in the sun and drink wine and eat good cheese (american cheese) "america is bad, but they will defend us" when things get tough, fuck you europe, and swistzerland, and the college students in england trying to be like europe. do some work.
Hm...in what respect the US today do not form a deficit ridden dream ?
realize it:
Every penny you spend at the very moment are the savings of the Chinese (well, nearly every penny).
So, as I do not know what I would do. if my savings would be are minimized by my debtor on a large scale.
So, we Europeans might or might not get our stuff together, but lot of our deficit went into infrastructure and not in consumption. And, never forget, that for our deficit we get a health-insurance worth the name, university education still at low costs, unemployment insurance etc.
What have you got for your deficit ?
regards
ze germanguy
i figured out we the eoro sucks as a monetary unit, it's because europe sucks. they have been living a lie of socialism hypocracy. in there lazy way, they can't even manage the relatively easy life they have when things are going well. they sponge off of us, living a secure safe existence without having to contribute much of anything. but that's not good enough, they have to work an easy life shift, then retire at forty five and sit in the sun and drink wine and eat good cheese (american cheese) "america is bad, but they will defend us" when things get tough, fuck you europe, and swistzerland, and the college students in england trying to be like europe. do some work.
Wrong, much of the pre-unification poverty and unemployment remains, as for consumption that too would be incorrect as the EU economy is inefficient, especially due to its agricultural and industry subsidies and it's closed market. If you want an example of a non-failure, visit China, Singapore or South Korea. As for "university education at lost costs" and "free healthcare", that is a fiction, the EU has high taxes to pay for that and a failing welfare state (population decline coupled with an aging population), so that is why your EU is in a deficit and in debt.Hm...in what respect the US today do not form a deficit ridden dream ?
realize it:
Every penny you spend at the very moment are the savings of the Chinese (well, nearly every penny).
So, as I do not know what I would do. if my savings would be are minimized by my debtor on a large scale.
So, we Europeans might or might not get our stuff together, but lot of our deficit went into infrastructure and not in consumption. And, never forget, that for our deficit we get a health-insurance worth the name, university education still at low costs, unemployment insurance etc.
What have you got for your deficit ?
regards
ze germanguy
Good post and I agree.
The EU has divided the territory of its 27 members in 271 regions, between them the EU calculates regions which deserve funding in cohesion policy as they lack the development level of better regions.
Greece may be fiscally bankrupt, but they have nice highways, harbor ports and bridges. Between 2007-2013 they will receive additional 20.4 Billion € in cohesion policy from the EU budget.
http://ec.europa.eu/regional_policy/sources/docgener/informat/country2009/el_en.pdf
Germany meanwhile has built-up a misgoverned area (East-Germany) into a whole new country with top-notch infrastructure, partly even better then in West-Germany. Plus all the investments in renewable energy and many more.