Financial Crisis in Europe

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   marwan asmarposted 12 years ago

   Do you think Europe is in the middle of a financial crisis, can it solve that and would such problems impact the United States?

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      kirsibposted 12 years agoin reply to this

      Europe follows US and of course they affect each other. I'm originally from Finland and they are in major trouble right now. So yes Europe is in the middle of financial crisis

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      iwanbudhiartaposted 12 years agoin reply to this

      Since Europe and US is in the financial crisis, why dont we look for another save country to invest and develop our wealthy? An emerging country such as Indonesia is one of the best option for today.

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   Hollie Thomasposted 12 years ago

   Yes, they are definitely in the midst of a financial crisis, and when the polititians pull their heads out of the sand they'll realize it's not going to go away.

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      paradigmsearchposted 12 years agoin reply to this

      It's not the sand that they have to pull their heads out of...

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         Hollie Thomasposted 12 years agoin reply to this

         

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   saffeyposted 12 years ago

   Without doubt the whole of Europe is in a finacial crisis.  Here in the U.k inflation is up, spending is down and employment is up!  Greece is looking for its second bail out from Germany, which has helped the stock markets claw back a few points not many.  If Spain or Italy default on their loan payments ( which they both very nearly have) no one else in Europe has any money to bail them out. In effect that will be the of the single currency and I'm sure the whole of europe will again be in recession...That of course will affect the U.S.

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   Hollie Thomasposted 12 years ago

   In my humble opinion, Europe, just like America, cannot afford bankster bailouts.

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      earnestshubposted 12 years agoin reply to this

      What I find amusing, is that the banks will have to take a bigger hit if any of the countries mentioned defaults, so the greedy bastards are cutting their own throats by not lowering the interest rate to a level that can be sustained by GDP. Greece and Italy certainly need to lift their game before that can happen at the moment, but basically I don't believe that the countries and banks backing the loans can afford them to fail.

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         recommend1posted 12 years agoin reply to this

         Of course, the banks now are just another 'means of control'.  The only people who lose money if the banks fail is the general population, the super rich are immune to any crash because their wealth is not the money but the means of making money.

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            paradigmsearchposted 12 years agoin reply to this

            imho, that is an extremely astute statement.

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   recommend1posted 12 years ago

   There has been a financial crisis involving the whole western economic model since 1900.   We are so used to thinking in media terms about it that we believe it is 'our' financial crisis - when in fact it just a side effect of the total greed and corruption that drives the western system.  We have even been fooled into admiring those few people, 5% of the population, who take more money for themselves than all the rest of us put together.  We even get fools arguing that this tiny minority should not pay tax or otherwise contribute to the society that they feed on.

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      RookerySpoonerposted 12 years agoin reply to this

      And it is often the poorest in society, which defend the right of the richest to hang onto their money, instead of demanding a good standard of living for themselves.  The class system is so engrained in most of us, that it seems very hard to think in any other way.  This seems particularly the case in the US, where the class system seems at its strongest.  People believe that if the rich can keep most of their money, that it will filter down to all of us in society, whereas in fact they just use it to buy bigger yachts.

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         Hollie Thomasposted 12 years agoin reply to this

         The class system is so engrained in most of us, that it seems very hard to think in any other way
         
         What did Marx say again about how we are as constructed as citizens?

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   2uesdayposted 12 years ago

   Europe knows it is in the middle of a financial crisis, we hear about it every day. Some of us can even recall the first signs of it.

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   RookerySpoonerposted 12 years ago

   Maybe we should consider selling Europe to China, which has bought up large parts of Africa.  As much of the industry in Europe is now owned by China, maybe they might be interested in buying Europe as a job lot.

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