Originally posted by The Spartan
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Iceland committed to joining the Euro
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Originally posted by DodgyAgent View PostOf course! They are not stupid are they. By imposing the Euro they have wiped out cost competition from "lower cost" EU countries and they have kept exchange rates disproportionately low, thus maintaining price competitiveness of their products.
Their banks have lent Eurozone consumers vast amounts of money to buy German products.While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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Originally posted by doodab View PostI'm not convinced by this thesis. German banks are relatively small and certainly not responsible for all the irresponsible lending that has taken place, or even a particularly significant chunk of it, and their manufacturing is competitive because unlike a lot of "lower cost" places they have managed to contain wage inflation. That has less to do with the € and more to do with the fact they simply haven't had the sort of credit bubble that many of the other eurozone countries had IMO. The end result is that Germany is one of the "lower cost" EU countries.Let us not forget EU open doors immigration benefits IT contractors more than anyoneComment
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Originally posted by The Spartan View PostWhat I don't understand is the Greeks, they're trying to pass austerity measures so they can get more money and people are striking and objecting. Won't that mean that the country will go down the pan?
disgusting country
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(>'.'<)
("")("") Born to Drink. Forced to WorkComment
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Originally posted by DimPrawn View Post
How very dare you!Originally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten.Comment
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