Eurozone: Crisis or not?

[Brother None]

How has taking more and more of the peoples money in taxation worked out for europe so far? lol

Dude. I can understand if you missed the memo, but you're at least a decade too late to look down on Europe from the US. Your country has declined so fast and hard under its bankrupt economic, socio-economic and democratic systems. The EU is so pretty successful by comparison.

 

[TheGM]

How has taking more and more of the peoples money in taxation worked out for europe so far? lol

Dude. I can understand if you missed the memo, but you're at least a decade too late to look down on Europe from the US. Your country has declined so fast and hard under its bankrupt economic, socio-economic and democratic systems. The EU is so pretty successful by comparison.

Just say Republican President and Congress. Republicans just hate the economy. I mean they REALLY hate surpluses almost has much as they hate choice.

 

[Ilosar]

Emulating europe has pretty much screwed us, except for the fact that we have the worlds dominate naval force, so the rest of the world is forced to use our currency as the global standard.

Exactly how has the US emulated Europe? Social security and ''welfare''? Don't play the fool, US had that since before most of Europe. Wanting their economy to grow too much, incorporating deficient states if need be? Nope, in fact the US have gone a bit more protectionists if anything since the crisis. As for being the dominant force, true (until China takes over the role, at least) but that's not the same thing as having a woefully deficient socio-economic policy supporting what almost amounts to an oligarchy of impossibly rich and well-connected people lording over millions of poor people eating only because the ''welfare'' system decried by so many pundits exist, while the rest gladly accepts to be reamed up the arse by both governmen and corporations if it means they pay less taxes than their neightboors.

Thanks for providing the exact reason why the EU is screwed. There is no such thing as free. Someone had to contribute their income to provide the non-contributor with "free" medical care. The EU's problem is there are a lot more willing to take while providing nothing of value in return.

Funny you should phrase it like that, 'cause Canada has a very similar ''problem'' (and again, the system existed wayyyy before the current crisis), as well as cheap education (the horror!). Same with Australia, and several of the most successful American and African countries basically any State with a strong social security. Why is Europe as a whole being singled out? There ARE deficient economies, such as Greece, Portugal and Spain to a lesser extent, but they are a fraction of Europe; France, Germany, Swiss, Sweden, Denmark, Norway, all have very strong social security, and remain economic powerhouses despite this. The rest are just so-so, for the most part, such as Ireland IIRC. Singling out welfare dodges the problem; it's far, far larger.

 

[plaidchuck]

There have been chicken littles screaming for years about the imminent downfall of the euro or the EU, even though most of their countries books are in better order than the US.

In the US however some people like the above poster heard "socialist" once and thinks the EU is some sort of soviet union and says "that's why they'll fail! nothing is free!" while spouting some "truisms" like "don't spend what you don't have". Yes, lets do that, POOF there goes everyone's mortgage and millions of families are homeless. Guess economics aint that simple eh?

 

[Joelzania]

Hey, at least I can break my leg and get it repaired for free!

Thanks for providing the exact reason why the EU is screwed. There is no such thing as free. Someone had to contribute their income to provide the non-contributor with "free" medical care. The EU's problem is there are a lot more willing to take while providing nothing of value in return.

Joelzania's idea that he is entitled to free things and that medical care is free is the sort of ignorance that will lead to the EU's downfall.

So, you didn't see the joke? You honestly thought that that was an actual opinion on the National Health Service in britain?

 

[Jebus]

IMHO, there's nothing wrong with the welfare system itself - taxation just needs to be more evenly distributed.
And, as always, there should be more scrutiny towards those who abuse the system. They're a minority, though, fortunately.

 

[alec]

And, as always, there should be more scrutiny towards those who abuse the system. They're a minority, though, fortunately.

9 Then Jebus asked him, “What is your name?” “My name is alec,” he replied, “for we are many.” 10 And he begged Jebus again and again not to send them out of the area.

 

[donperkan]

Joelzania's idea that he is entitled to free things and that medical care is free is the sort of ignorance that will lead to the EU's downfall.

It's sad that you think you have no right to medical help if you can't afford it. I know it's not free but i will gladly give up a precentage of my salary so that a compleet stranger can ease his pain.

The ocean that separates us is really big.

 

[DammitBoy]

Joelzania's idea that he is entitled to free things and that medical care is free is the sort of ignorance that will lead to the EU's downfall.

It's sad that you think you have no right to medical help if you can't afford it.

Please point out where I stated any such thing.

 

[donperkan]

So you think our healthcare is fine. Ok then, my bad.

Also straw man, i had to look up that. Thats what i love about you americans. You got names for everything.

Tell me how do you call that feeling when you get up and suddenly you get dizzy, happens often when you get really high?

 

[DammitBoy]

So you think our healthcare is fine. Ok then, my bad.

No, I didn't say that either. Reading isn't your strong suit, is it?

(back on topic +69)

ANZ Bank chief executive Mike Smith says European wholesale funding markets for banks have effectively frozen as financial markets panic amid ongoing instability in the eurozone.

And so it begins to unravel...

 

[Mad Max RW]

At this point anybody who believes the EU isn't collapsing is in denial.

 

[TheGM]

But if the EU collapses it is going to make all those games and books where in the future, the EU invades America(for never really well defined reasons anyway) look silly.

 

[The_Noob]

WWIII is coming.

 

[Crni Vuk]

But if the EU collapses it is going to make all those games and books where in the future, the EU invades America(for never really well defined reasons anyway) look silly.

before the third Reich Germany colapsed as well.

What did I said >_>?

WWIII is coming.

actually you are quite close to ... history. To say that.

Most of the time when the world was in a situation like now where someone (a huge nation) had great issues or the banks took over everything (in some way) the earth went in to some kind of war. Very very simplified I know. The nuclear weapons changed here a lot. And people even if for the wrong reasons made ... at least some different decisions. - not because they love peace so much but because losing a nuclear war is probably a one-way-trip. And we know that nuclear wars dont know any winners.

 

[TheGM]

And we know that nuclear wars dont know any winners.

Tell that to Lord Xenu.

 

[Jebus]

If Germany invades us again, I'm siding with them this time. In the spirit of the Good ol' Holy Roman Empire, times were much simpler back then...
Crni, can you then adopt me as your personal domestic forced-labourer?

 

[Crni Vuk]

Dude, I am serbian. We will both labour then.

 

[Jebus]

Serbians labour now?

Man, the world is changing so fast my head is spinning.