ROTFLOL... It wasn't a change of subjects, it was drawing a parallel.
No you were being hyper partisan and this thread should be moved elsewhere since it is against BN rules.
Again, another socialist focuses on trivialities but misses the big picture in an attempt to score a point.
And yet another American "conservative" thinking the word socialist can be put on anyone that they disagree with. I am no socialist that is for sure.
You scored alright, a goal in your own net.
No you did by taking an European story and making it into a hyper-partisan attack on the Obama administration for something your own people had a huge portion of blame for.
Hype? Really? Is that you speaking Zapatero?
No it is based on facts and not wishful thinking from anti-Europeans like you. You do know that Spain (just as an example) has a less of s deficit than the US and much lower debt right? That the Spanish deficit is falling while the US is rising?
The fact Greece, Ireland have tanked means nothing?
Greece tanked yes because of many things, including using US owned financial institutions to hide debt and the lied about it.
Ireland did not per say. The Irish had their deficit going down and everything under control until their conservative politicians decided to guarantee all debt in all Irish banks. That the private owned Irish banks had expanded like crazy over the last decade with no one from the conservative Irish government even blinking an eye (much like the Icelandic issue btw) drove the Irish into the pit they are in now. The end result is that the left wing parties will gain power very soon.. ironic no?
Italy is a financial powerhouse?
One of the biggest economies in the world yes. It is not far off being bigger than the UK economy. The Italian economy has never been the big problem, it has been the political instability in the country... but you should know that since you are such an expert.
Portugal and Spain have their houses in order?
Define it.. something you anti-Europeans seem to never do.
Spain's "house" is in order and getting better. For some reason the markets are focusing on Spanish banks, when most of the debt in the Spanish housing boom was built up by non Spaniards... go figure. Most Spaniards were priced out of the market long ago. And those banks that were in trouble (far far far far far less than American banks btw) were dealt with early. The Spanish economy was also in surplus before the crisis.. but I guess that fact is beyond your comprehension. Yes Spain has 20% unemployment, but that figure is always a figure you have to take with a grain of salt. Even during the boom years the Spanish unemployment numbers barely went under 10%. Not that it is not hurting here, I dont deny that.
As for Portugal's, their banking industry is fine and solid. It is its government's who are the problem and always has been. Be despite that, their debt load last I looked was not much higher than that of the US and Germany.. and their deficit was far lower than that of the US.
And Germany is the whore you go to for a fix for all this? You're wearing her out.
So now you calling Germans for whores?
But I like it nonetheless, for the Germans and the gift from Bismark is coming back to haunt them. Now they are starting to sober up and realize socialism isn't fun and doesn't work when it's your wealth. Stealing from the wealthy to pay for those who didn't take care of their own damn house. Must be bitter.
You seriously need to read up on facts.. I know it is hard for you conservative types. German's have always been fiscal conservative when it comes to governing since the years of hyperinflation. Their biggest fear is inflation and they plan their whole economic policy around it. And such a policy includes not having too much debt.. despite Germany having more debt than say Spain..
It'd be damn hilarious if it weren't so serious.
Now for the remainder of the show... the
C O N N E C T - T H E - D O T S portion...
From the Slim-Shady EU... we present...
The EU Non-Stress, Stress Tests.
So, a Rupert Murdoch owned American newspaper suddenly is unbiased in how it reports things? The European stress tests were far more incompasing than the American.. so are you saying your banks are worse off than the Europeans? I would love to know where this rumour first started, since it has spread like wildfire and very few media outlets even remotely taking a critical look at it. First time I heard it was on CNBC USA, when some American mentioned it.. wonder why..........
