Another bailout country in EU

It could only ever be a good idea or implementation if the playing field was equal and even... And it quite apparently was not...

All member countries should of had a uniforn tax system , uniform V.A.T system & a uniform health and social care system & not that I agree with it but a uniform monetary system , ie; the Euro..
Until all those things had been agreed upon and implemented by all Member States it was and is a half cocked idea that was doomed to fail....

Any good business plan has to have firm foundations otherwise it just crumbles at the first hurdle...

Regards..
 
mrGTB said:
I wish the UK was like Australia, they threaten to blow them up if they come any closer to shore. You have to love them for that one!
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Geeez, what rag did you read that gem in....

We do however lock em up and leave them on remote islands to stew for a few years before either graciously (snort) accepting their Asylum status.. or sending them back if not... we have little to be proud of in the way we treat potential refugees, but we do not threaten to blow them up... they do however on occassion blow their own leaky rust buckets up to ensure they are picked up by the Navy boats sent to intercept them, rather than being turned around.

I always love the hysteria over a few hundred poor souls who risk life/limb and give everything they own to the criminals who run the boats... when the reality is the vast majority of "illegals" arrive by plane every year.

I have little to add on the EU/Portugal saga, other than I am very glad I am not British, it would be rather peeving to say the least, the Brits seem to get very little if anything out of this Forced Marriage.
 
Dragonfly said:
I am very glad I am not British, it would be rather peeving to say the least, the Brits seem to get very little if anything out of this Forced Marriage.
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Oh yes we do get plenty out of it...

We get all the dross from Europe & Beyond wanting to come here and free load with their hands held out for free houses , cars , clothes , mobile phones and oodles of cash handouts all within hours of setting foot on dry land.. Yet someone like me who has never been off work sick in 40 years and has never applied for any state handouts would get nothing at all if I was incapable of work through no fault of my own...
The Duddly DooGooders in this country have got us genuine residents screwed big time....

Regards..
 
Digital Doctor said:
Greece
Ireland
Portugal

Who's Next ?
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I was reading that Spain is not doing good. My understanding is that EU is borrowing money to help its bankrupt members, who can't apply for loans on their own anymore, to stay afloat. When time comes to pay on those bonds (principal + interest), all EU members will have to contribute, right? Turkey is probably feeling pretty lucky now that she was denied EU membership considering Turkey's sizeable GDP growth (2010: Turkey's 8.9% vs EU's 1.4%).

What is really causing this EU mess? Pairing of unified currency (one Central Bank) and inefficient/corrupt national governments? What are guarantees that Greece, Ireland and Portugal won't get into the same trouble again? I mean these countries had enough time to figure things out since joining EU in 70's and 80's.
 
Dragonfly said:
but we do not threaten to blow them up...
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They used to get used as target practice actually by the Navy... before media became so mainstream and stupid phones with video... every muppet onboard is trying to get a claim to fame, so they don't do it any more, instead we have an island that is packed to the rafters.... Australian pun! Send them all back I say.

Most asylum seekers come by plane, not boat, and they have their papers. The crooks and thieves come by boat, trying to get entry into the country illegally, stating they have lost all their papers. Very few actually fall into this category, and the majority are shipped back to the country they came from, at our cost obviously. No papers, no delay trying to find out who they are... turn them around.
 
TheBoss said:
Oh yes we do get plenty out of it...

We get all the dross from Europe & Beyond wanting to come here and free load with their hands held out for free houses , cars , clothes , mobile phones and oodles of cash handouts all within hours of setting foot on dry land.. Yet someone like me who has never been off work sick in 40 years and has never applied for any state handouts would get nothing at all if I was incapable of work through no fault of my own...
The Duddly DooGooders in this country have got us genuine residents screwed big time....

Regards..
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Sounds familiar....
 
Digital Doctor said:
Greece
Ireland
Portugal

Who's Next ?
The USA? http://en.wikipedia.org/wiki/United_States_public_debt

Well, not likely bankrupt ... but How bad are the finances ?

american_flag_heart-571.gif

Time for the US to lead the world forward as the Land of the Free and the Home of the Brave !
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On Monday, S&P revised its U.S. credit outlook to negative from stable, in an effort to push President Barack Obama and members of Congress to slash the country's deficit or face the potential loss of the triple-A credit rating on U.S. debt.

S&P said there was a one-in-three chance it would eventually cut the rating, which would drive up the cost of borrowing and chip away at the status of the United States as the world's most powerful economy.

More bad news here
 
Actually Australia currently holds the title for the worlds most financial economy... Double edged sword though... they see all the financial policy which keeps the economy financially robust, then walk away saying its all too hard, but want the outcome nonetheless. Go work that one out! :coffee:

The US is broke... their printing money to promote stimulus, without the assets to back it, hence why the US$ is now worthless in comparison to most other countries. All wrong... the only way I see out for the US is to scrap all their war nonsense, downgrade their military assets and staffing, get an interest rate back on borrowing, and pump as much as they can off their foreign debt for 10 years, then change and turn it into the US economy.

The US has a $14 trillion threshold on debt, and are at $17 trillion and growing, not decreasing... growing debt. US opposition parties solution! Wait for it.... increase the threshold limit, so it looks better and will hopefully curb any decision to downgrade the countries credit rating. Wow... seriously, this is the financial policy from the country who are currently in more hot water than any other country for foreign debt. Go politicians... morons!
 
SilverCircle said:
And even more here.

Looks like Greece is really screwed with its debt. Despite all the financial help (about 110 billion euros), it doesn't look like they'll be able to recover.
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>>>Several German government politicians have conceded in private that, in the words of one, “Greece might not make it through the summer” <<<

Ouch. Interesting read. Thanks.
 
Anthony Parsons said:
Actually Australia currently holds the title for the worlds most financial economy... Double edged sword though... they see all the financial policy which keeps the economy financially robust, then walk away saying its all too hard, but want the outcome nonetheless. Go work that one out! :coffee:

The US is broke... their printing money to promote stimulus, without the assets to back it, hence why the US$ is now worthless in comparison to most other countries. All wrong... the only way I see out for the US is to scrap all their war nonsense, downgrade their military assets and staffing, get an interest rate back on borrowing, and pump as much as they can off their foreign debt for 10 years, then change and turn it into the US economy.

The US has a $14 trillion threshold on debt, and are at $17 trillion and growing, not decreasing... growing debt. US opposition parties solution! Wait for it.... increase the threshold limit, so it looks better and will hopefully curb any decision to downgrade the countries credit rating. Wow... seriously, this is the financial policy from the country who are currently in more hot water than any other country for foreign debt. Go politicians... morons!
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and it's only getting worse.
 
eu just requested sweden to pay more of the member fee and one of the swedish parliament denied that. Seems eu is trying to suck more moeny from the member countries.
 
maidos said:
eu just requested sweden to pay more of the member fee and one of the swedish parliament denied that. Seems eu is trying to suck more moeny from the member countries.
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Yup. They attempted to increase their budgets, when all member states are forced to slim down. Holland is attempting to save billions a year, but the numbnuts in the EU parliament are so far out of touch with the countries they should be representing they never got that message.

Where all the money goes to, you ask? Why, dancing projects in Africa, of course. And let's not forget the double housing in both Brussels and Strasbourg. No worries, I'll just happily go to work knowing that around noon on Wednesday, I'll finally start working for myself, rather than the government's coffers.

Oh wait. Forgot about the VAT.
 
Anthony Parsons said:
Actually Australia currently holds the title for the worlds most financial economy... Double edged sword though... they see all the financial policy which keeps the economy financially robust, then walk away saying its all too hard, but want the outcome nonetheless. Go work that one out! :coffee:

The US is broke... their printing money to promote stimulus, without the assets to back it, hence why the US$ is now worthless in comparison to most other countries. All wrong... the only way I see out for the US is to scrap all their war nonsense, downgrade their military assets and staffing, get an interest rate back on borrowing, and pump as much as they can off their foreign debt for 10 years, then change and turn it into the US economy.

The US has a $14 trillion threshold on debt, and are at $17 trillion and growing, not decreasing... growing debt. US opposition parties solution! Wait for it.... increase the threshold limit, so it looks better and will hopefully curb any decision to downgrade the countries credit rating. Wow... seriously, this is the financial policy from the country who are currently in more hot water than any other country for foreign debt. Go politicians... morons!
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First, U.S. needs to bring back manufacturing and redefine "Free Trade". China should be required to let market determine/adjust the exchange rate of its currency, yuan. Phoock...even European Union is chronically sucking blood out of the U.S. [http://www.census.gov/foreign-trade/balance/c0003.html]. Second, U.S. needs to start drilling and minimize its oil dependency from foreign nations. It will pump money back to the U.S. economy on a grand scale. Third, maybe it's time to get on gold standard again limiting government's ability to just print paper money?
 
The US government doesn't print money...the Federal Reserve Bank prints and coins money and regulates the value thereof. The majority of the national debt in this country comes from the federal reserve loaning us money and us paying interest on that principle...to solve that you would need to give the power to coin money back to congress and not let a bank determine these factors.
 
kyrgyz said:
First, U.S. needs to bring back manufacturing and redefine "Free Trade".
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Couldn't agree more.... last I heard, the stats for US service based employment was 45% or thereabouts... which is just a nightmare, considering service based employment doesn't create wealth... manufacturing creates employment and wealth.
 
Anthony Parsons said:
Couldn't agree more.... last I heard, the stats for US service based employment was 45% or thereabouts... which is just a nightmare, considering service based employment doesn't create wealth... manufacturing creates employment and wealth.
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Methinks U.S. is turning into a poster example of how not to manage a country. An anecdote to learn from:

Father and his little son are walking one afternoon. On the way back home they see two dogs copulating in the park.

Son asks: -"Daddy, what are they doing?". His question goes unanswered. After a while child repeats it.

Finally father answers: - "Um... How to explain it to you.....You know one dog got relaxed, another one took advantage of it...... Do you understand what I mean?"

Son replies: -" Yeah, daddy, I understand"

After a while the father starts wondering what his son really made out of it; and asks: -" What did you understand, son?"

Boy answers: -"Never relax and get ****** like that dog "

It's about time for U.S. to wake up from getting ...... :mad:
 
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