why the euro sucks

[editec]

Trollish nonsense.

 

[hipeter924]

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

And the EU story was not a debt ridden falsehood when? Kinda old news.

 

[germanguy]

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

 

[L.K.Eder]

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.

worth two laughing yellow guys:



ah, shit. have one more:

 

[ekrem]

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.

 

[roomy]

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.

You should finish School, pay particular attention in English lessons, you fucking plank.

 

[hipeter924]

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.

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.

 

[germanguy]

As usual, I would say, that things are far more complicated than you and I think.

First we should not forget, that the idea to unify Europe came after the horrors of WWII.

The unification was therefore mostly driven by the idea of freedom and individual liberty.

The EU is highly sensitive about the free market (inside the union !). Germany i.e. will have to cut of it´s subsidies for the coal mines and the so-called "Landesbanken" are an endangered species as well (state owned banks, generally wholesalers and mostly very hard hit by the financial crisis). So, as lot of european countries which susidize industries are getting ttrouble withe the commission.

Agriculture is a different thing, I would agree, but here the US are probably on the same level.
I do agree as well with the high taxes, but I would hesitate to say, that the taxes in the US are far lower. Our tax system is much different than yours, so this might not be comparable to yours.

Still, we get quite a good healthcare system for our money.

Now the comparision to i.e. China:
The VR is now industrialized in a time, which took Europe and the US 100 years. The growth rate is comparable.

But it might still happen, that in some years the 1-child policy will backfire, as todays workers are going in retirement and not enough will be there to replace them. That´s why the chinese are so sensitive about their little treasure of Dollars. These are their savings.

So, I think, that we have problems in the EU, but they are manageable, as the basis is there.

With the US I am more doubtful. The problems the US economy has are far bigger, as the industrial base is already nearly gone.
The US might still get back on track, as the population is younger and therefore not shrinking, but this will be a matter of 10-20 years.

So, the US and the Eu will have problems, but they are manageable.
Do not let yourself be blinded by ideology (social welfare = bad). For us it works, might work for you, but that is the decision of the Americans.

Never forget, that there are regions in the US which literally look like a third - world country after a civil war. This is not existing in the Union. Even the poorest area in South Italy looks better than parts of Detroit.

regards
ze germanguy

 

[MajinLink]

The euro is still one the strongest world currencies. I think the euro's vaule can go up and down more than any other, however it does solve a lot of headaches for traveling europeans.