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Thread: Europe’s economy is reeling and unemployment could remain high for years...

  1. #21
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    Re: Europe’s economy is reeling and unemployment could remain high for years...

    Quote Originally Posted by zimmer View Post
    You mean facing financial reality... cutting up the credit card is a problem? You think the solution is to keep piling up debt on the card and passing it to the next generation to pay?

    That's responsible.
    Oh I agree, but not during a time when the private sector is contracting or not growing much to counter act the cutting. Everything has its time. What many right wing European governments are doing is suicide in the short run at a minimum if not at the medium run as well. Even the Germans are seeing that demanding deep cuts to public budgets in Spain, Italy, Greece, Ireland, and elsewhere is not solving the overall problem of the economy and in fact is making things much worse and it is spreading to Germany it self.

    We need labor reforms which will lead to jobs and growth and THEN we can deal much easier with our supposed debt problems. The only way we can get out of this, is by growing the private sector and preventing the private sector goes nuts on greed yet again like it did the last decade. We dont want to bail out the banks yet again or other industries because they cant keep their greedmeter in check.

    I fully understand that many labor laws in many European countries are brain-dead and need to be reformed... will they is another matter. In Spain the right wing has full power and they have yet to push through new reforms on top of those that were already in place.. it aint enough.

    Unions need to get real, but so do the private sector. Unions need to accept that wage cuts and pension reforms are needed, but the private sector has to accept that they cant get their own way either. Slavery is not legal.

    And having companies like Apple getting away with paying next to no taxes has to stop. Profit on goods sold in a country should have taxes paid on that profit in that country.. not moved around to get the best tax deal. It is immoral and frankly a good part of the problem in both the US and Europe.

    There are many other issues of course, but they do not include universal healthcare or our pension systems. They do include lack of competition in certain areas of Europe (Italy comes to mind) and in certain industries (Big Pharama) and they need to be solved. Cutting red tape and making it easier to start business and run business must be done but also the protection of the worker and their rights must be upheld.

    Now cutting the public purse drastically so that the budget goes in surplus (in theory) during a suffering economy... does not work and never has.. it only makes the problems much worse. That is what Romney wanted to do. That is what is going to happen with the fiscal cliff, a cliff that the American right is going ape**** about right now and trying to prevent as long as they can keep their massive military spending.

    Time and time again through history when a country has tried to cut the public sector to reduce debt or/and deficit in a down economy the end result has been to extend the down economy for a very long time. It is the snowball effect basically.
    PeteEU

  2. #22
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    Re: Europe’s economy is reeling and unemployment could remain high for years...

    [QUOTE]
    Quote Originally Posted by PeteEU View Post
    Oh I agree, but not during a time when the private sector is contracting or not growing much to counter act the cutting. Everything has its time. What many right wing European governments are doing is suicide in the short run at a minimum if not at the medium run as well. Even the Germans are seeing that demanding deep cuts to public budgets in Spain, Italy, Greece, Ireland, and elsewhere is not solving the overall problem of the economy and in fact is making things much worse and it is spreading to Germany it self.
    Why not cut government to the bone along with regulations & taxes... and grow out of the storm?
    It works... Socialists just have to realize their supposed solutions don't work.
    Let the free market set prices instead of artificially inflating them and having business leave for more fertile shores.
    Bust unions and their idiotic demands and "right"s.

    When I hear my German friends complain about funding Greece... I laugh in their faces. Then I say... what?
    What is the problem?
    This is merely the Sozialmarktwirtschaft on an EU wide scale.
    Greece is the poor downtrodden segment of society oppressed by the wealthier states (though they've farked themselves like all socialist EU states)
    It is your responsibility to pay for them and let them do with your money as they wish.
    Why so greedy? Heartless?
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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