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italy to fall

Xiler said:
If i remember right 35-40% of our exports are with European countries. If they have no money then thats you can pretty much write that off our exports.

Our exposure to the European debt is also significant as it would likely hamper growth and trigger another recession.
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Remember that not all of the European countries finances are in the same state. Germany isn't going to be affected in the same way as Greece or Italy. It's therefore not the case that all of the European exports will disappear over night.
 
what i find depressing is that 'nobody saw this coming' - yeah right.
it was obvious 10 years ago and its obvious now.
it amazes me that people think we are safe here - the exact same thing will happen here and all we will do is devalue the pound and inflate our way out of it - the public are screwed, they just don't realise it yet.
 
edscdk said:
I dont want to start any rumours but their steel imports are up 500% and despite all their heave manafacturing plants running 24/7 they have almost 0 exports....

3rd time lucky maybe?
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Germany and 0 exports are not items that belong in the same sentence at all.

http://online.wsj.com/article/SB10001424052970204190704577025222136081562.html

German exports rose 0.9% on a monthly basis in September to €91.3 billion ($125.78 billion), the highest level since records began in 1990, after rising by 3.2% in August, according to calendar- and seasonally adjusted data. Imports fell 0.8% to €76.1 billion, after dropping by 0.1% the previous month.
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http://www.nationmaster.com/graph/eco_exp-economy-exports

Germany in 2010 was second only to China in exports. Obviously they are busy building tanks and jets and have managed to conceal the planning, design, development and construction of them from the major world powers and their spies.


There will be no war between EU nations no matter what the financial situation.
 
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George Hincapie said:
Remember that not all of the European countries finances are in the same state. Germany isn't going to be affected in the same way as Greece or Italy. It's therefore not the case that all of the European exports will disappear over night.
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Yeah didnt mean it would all go over night but it crtainly wont help growth in the UK when other countries start following Greece and Italy, etc.
 
I don't see it as an issue, sooner or later the lefties will realise that no one is going to pay for their social reforms/pensions/healthcare/etc because finally we realise that it was all a fools errand and people have been taking the **** for far too long. Let the idiots riot all they want, when the situation corrects itself capitalism will be back on track and will not be manipulated by left wing panzies trying to buy votes for a free ride.
 
nero120 said:
I don't see it as an issue, sooner or later the lefties will realise that no one is going to pay for their social reforms/pensions/healthcare/etc because finally we realise that it was all a fools errand and people have been taking the **** for far too long. Let the idiots riot all they want, when the situation corrects itself capitalism will be back on track and will not be manipulated by left wing panzies trying to buy votes for a free ride.
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So you really have no thoughts on the matter? ;)
 
nero120 said:
I don't see it as an issue, sooner or later the lefties will realise that no one is going to pay for their social reforms/pensions/healthcare/etc because finally we realise that it was all a fools errand and people have been taking the **** for far too long. Let the idiots riot all they want, when the situation corrects itself capitalism will be back on track and will not be manipulated by left wing panzies trying to buy votes for a free ride.
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If i'm reading you right you want us to ditch the EU social programmes in favour of the more US based ones. The very ones that are bloated and don't serve the people anywhere near as well as the EU ones? The US healthcare system for example is rated at 26th best in the world. 70% of all personal bankruptcy filings in the US are due to healthcare bills and 60% of those were from people WHO HAD INSURANCE.

Social programmes can and do work just fine when managed properly.
 
Todge said:
There will be no war between EU nations no matter what the financial situation.
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No, but there's still enough flash points with close neighbors to spark a serious bust up if countries are pushed to hard. Greece and Turkey for starters.
kash786 said:
Caplitism does not ******* work!
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It does and has worked perfectly well for hundreds of years and still works to this day. What doesn't work is when you remove regulation and entrust too much in the hands of a greedy few. Governments are there at least in part to protects the people from negative elements of the capitalist system and they failed.
 
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Our system is built on growth, gdp growth to more precise. The days of expotentia growth are over we live in a finite world and the resources are becoming to scarce,costly for growth to continue at previous rate.
 
Resources aren't becoming scarce yet, not at levels that are unsustainable. We are adapting, it just takes time, you can't do it over night.

Quite what that has to do with the banking crisis though, I'm not sure.

I think the main problem is that politicians are politicians.
 
edscdk said:
I dont want to start any rumours but their steel imports are up 500% and despite all their heave manafacturing plants running 24/7 they have almost 0 exports....
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Why is there always a hilariously clear link between lack of knowledge and conspiracy theorists? Germany? Zero experts? You must be kidding? They are Europes industrial powerhouse. The entire world wants German products...
 
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