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Comments (9) (Please sign in to comment)
Night-Gaunt49 said, 7 months ago
Europe is making the same mistakes they made in the 1930’s.
Radish
said, 7 months ago
And the repubs want us to do the same.
Robert Landers said, 7 months ago
I make no claim to being an economist, but to me at least common sense would indicate that at least the problem with the economy of Greece is a molehill to the European Union and not a mountain as so many American investors seem to think it is.
The total GNP of The European is approaching some $18 trillion, and the total GNP of Greece is approaching some $300 billion. So the total (that is everything Greece earns) is less than 0.5% of the total of the European Union. This would be similar to comparing the GNP’s of the USA with that of its less successful states. Heck, it is even miniscule when compared to the GNP’s of such states as California, Texas, and New York.
And debt payment levels are certainly lees funds than total GNP levels. So, just what is the big problem here?
omQ R said, 7 months ago
What?! Pardon?! From the Euro, you say?! OMG! Portugal, Greece, Poland & Cyprus have withdrawn!
From the Euro!…vision.
(the more savvy amongst you would have noticed that Poland still has the złoty)
Sadly, all 4 won’t be competing this year. Portugal has cited that it is concerned it could not afford to win the contest (the winner hosts the following year’s contest and thus winning is a huge financial burden). Never-mind the fact Portugal has never won it and never been placed higher than 6th. :-|
It just won’t be the same this year, :(
Ms. Ima said, 7 months ago
@Night-Gaunt49
Socialism is the mistake Europe keeps making.
Night-Gaunt49 said, 7 months ago
@Ms. Ima
Socialism isn’t the problem here, it is Capitalism messing things up from their Federal banks. Once they arrest those criminals and put them on trial and if guilty put away for long stretches and then remake the banks so it won’t happen again like Iceland. We need to do it too.
Michyle Glen said, 7 months ago
Socialism nor Capitalism is the problem, its political shortsightedness, every politician is focused on his own little wallet and making sure its filled first. Look here, the GOP is fighting to keep Bush’s tax cuts because they are in the 1% that will have to pay higher taxes. Most of those idiots haven’t ever balanced a checkbook. But they definetly know what side of the mattress thier intrests lie.
MortyForTyrant said, 7 months ago
@Night-Gaunt49
Yeah, their “mistake” was to be on the same planet when the U.S. of A. collapsed due to greed and arrogance…
MortyForTyrant said, 7 months ago
Ever seen something called “truck trial”? I don’t know if it’s even done in the U.S. but it’s an interesting motor-sport over here in Europe. You have to move a heavy truck through rough terrain, usually a quarry or similar, following an exact path and not touching any of the markers along the way. When you see these guys maneuvering a 20 ton truck within 1/3 of an inch you get a totally new understanding of “precision”…