Question Greek Economy

[Mad Cyril]

Do any of you economist types know what this is going to do to the price of doner meat?

 

[Davros]

Do any of you economist types know what this is going to do to the price of doner meat?

I believe the price will fall, as the amount of pulped greek politician flooding the market will increase to a level where supply exceeds demand

 

[osymandus]

Do any of you economist types know what this is going to do to the price of doner meat?

Egdad no , we could end up with cheap forgeries from Cyprus, Turkey or Jaywick !!!

Davros: Actually no , the centralised economy gives the poor countries a better ability to build up , hence less economic migrants ;). Why leave your country if its in a pretty good shape and you can get a job and the products you want ? Ok its a little idealistic , and it requires more work (which can be sold to the "rich" nations as consultancy contracts).
What you need really is Norway and Switzerland to join the euro , now that would stabalise it . 5 -10 years after that parts of Russia.

 

[SARF]

Norway and Swizerland arnt stupid enough to join.. a single currency works well if you have a f airly level playing field in terms of tax and mobility of labour.. also labour laws need to be very similar.. Europe has none of these and has put the cart before the horse .. the 'Federal govment needs to have much more power then it does now as well.. all the euro has done has locked in germanys industrial competitiveness for a decade within Europe.. the italians and spanish cant compete without their regular 2 er cent deprication against the old deutche mark .. We shoudl go nowhere near it, our hugh debt, property owning service based economy reactsdifferntly to intrest rate settings than germany or france.. it would cause all sorts of problems.. you could has a currency union with germany, holland, begium, austria denmark and at a push france ..

 

[osymandus]

Norway and Swizerland arnt stupid enough to join.. a single currency works well if you have a f airly level playing field in terms of tax and mobility of labour.. also labour laws need to be very similar.. Europe has none of these and has put the cart before the horse .. the 'Federal govment needs to have much more power then it does now as well.. all the euro has done has locked in germanys industrial competitiveness for a decade within Europe.. the italians and spanish cant compete without their regular 2 er cent deprication against the old deutche mark .. We shoudl go nowhere near it, our hugh debt, property owning service based economy reactsdifferntly to intrest rate settings than germany or france.. it would cause all sorts of problems.. you could has a currency union with germany, holland, begium, austria denmark and at a push france ..

And there's teh point our economy wasnt based on that even 30 years ago . Its not the idea that is bad but the economics model and the cricumstances. YEs i agree that of course each country has a specialised manufacturing/service etc it can bring about and bases its finaces on , but this is teh issue when you have two countries providing the same services it seems as if one monopolises the entire market and go hang the other one (mabye its captialisum with out limits thats at fault or short sightedness or what ever). Its the trick isnt it is this really about a fedural state (as humanity loves its empires) or is it about a balance of workable ideas across mutual similar (not identical or to become clones of each other ) states copying what multinational companies , but in a national model ??

Norway might if they could have more control ;) , but Switzerland never would really as its far to lucrative to remain outside.

 

[Bob Cratchitt]

I thought part of the problem with Greece is that going into the Euro made it easier to borrow money, unfortunately their government went on a debt-funded spending spree and when the downturn hit, not only did they find themselves having to spend more on benefits and recouped less from taxes. Greece's economic problems meant lenders started charging higher interest rates to lend it money. So it was struggling pay back the deficit and thus the need of the bail out.

The main reason why the countries are helping out as they see if Greece pulls out of the Euro others may follow suit and thus it would undermine the currency and could lead to it's break up. Of course at present there is no legal system to enable countries to leave but i am sure the major Euro interests do not want to even chance this happening.

 

[SARF]

the trouble with governmnt meddling at any level is that it distorts markets and causes unforeseen problems elsewhere.. attempting to control natural economic forces accross a continent as diverse and as economically enourmous as europe will not work.. unless you want a europe where its all much of a muchness like america land.. eventually europe will merge into a mega state.. the countires i mentioned above are fairly similar ecomically and pre euro happpily accepted each others currencies as they hardly changed in value against each other, year after year after year.. perfect for a currency union..similar social outlook, similar wealth ,similar industries and generally fairly fluent in each others languages.. these things take decades of peaceful trade, you can shoe horn a load od disparate things as fluid as economies and societys together with a single currency, its destined for disaster.. when it comes it will be worse as politician will refuse to see the inevitable and throw billions of taxpayers loot after their flawed unworkable dream, same as we did in the ERM debacle ..

 

[Mad Cyril]

I like to think I hold modern progressive views on Europe but I have to admit the Euro notes look a bit dull.

The bridges and archways depicted on the notes are completely fictional - presumably because the Wermacht and Luftwaffe left very few real examples standing.

Lets face it - that wasn't the first time the Germans have caused trouble and probably won't be the last.

 

[Bob Cratchitt]

I am always surprised that they never used some Hindu symbols, as these have been popular in the past.

 

[osymandus]

I am always surprised that they never used some Hindu symbols, as these have been popular in the past.

Ganesha is the god of fortune as well

 

[Yorkshire Blue]

the trouble with governmnt meddling at any level is that it distorts markets and causes unforeseen problems elsewhere.. attempting to control natural economic forces accross a continent as diverse and as economically enourmous as europe will not work.. unless you want a europe where its all much of a muchness like america land.. eventually europe will merge into a mega state.. the countires i mentioned above are fairly similar ecomically and pre euro happpily accepted each others currencies as they hardly changed in value against each other, year after year after year.. perfect for a currency union..similar social outlook, similar wealth ,similar industries and generally fairly fluent in each others languages.. these things take decades of peaceful trade, you can shoe horn a load od disparate things as fluid as economies and societys together with a single currency, its destined for disaster.. when it comes it will be worse as politician will refuse to see the inevitable and throw billions of taxpayers loot after their flawed unworkable dream, same as we did in the ERM debacle ..

Should we not divorce ourselves from Cornwall and Scotland and the North as well?

 

[SARF]

Should we not divorce ourselves from Cornwall and Scotland and the North as well?

after careful consideration.. yes.. we should join the north european bloc.. but keep cornwall for the surfing ..

 

[osymandus]

after careful consideration.. yes.. we should join the north european bloc.. but keep cornwall for the surfing ..

Oh they wouldnt stand for that , they have enough global tourist they dont need us . Plus teh important tax on scrumpy and Cornish pasties could wipe as out :(

 

[Tangled up in Blue]

the trouble with governmnt meddling at any level is that it distorts markets and causes unforeseen problems elsewhere.. attempting to control natural economic forces accross a continent as diverse and as economically enourmous as europe will not work.. unless you want a europe where its all much of a muchness like america land.. eventually europe will merge into a mega state.. the countires i mentioned above are fairly similar ecomically and pre euro happpily accepted each others currencies as they hardly changed in value against each other, year after year after year.. perfect for a currency union..similar social outlook, similar wealth ,similar industries and generally fairly fluent in each others languages.. these things take decades of peaceful trade, you can shoe horn a load od disparate things as fluid as economies and societys together with a single currency, its destined for disaster.. when it comes it will be worse as politician will refuse to see the inevitable and throw billions of taxpayers loot after their flawed unworkable dream, same as we did in the ERM debacle ..

Like the UK Goverment's bail out of the banks for example? :unsure: