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EU to Propose Fines for Uncompetitive Euro-Region Economies, Official Says




firefighter

Well-known member
Joined
Sep 21, 2010
Messages
334
This is the EU using the economic crisis to try to influence sovereign policy.

This business of "sending the budget to the EU for approval" (as happened at the last budget) is pathetic and smacks of Brian Cowen unable to lead.
 

The Field Marshal

Well-known member
Joined
Aug 27, 2009
Messages
44,349

The Field Marshal

Well-known member
Joined
Aug 27, 2009
Messages
44,349
This is the EU using the economic crisis to try to influence sovereign policy.

This business of "sending the budget to the EU for approval" (as happened at the last budget) is pathetic and smacks of Brian Cowen unable to lead.
All options re any national pollcy on the Euro or a national currency are now dead.

Unless you propose we set up our own currency?

Is this machine gun Endas next daft proposal?
 

Sariel

Well-known member
Joined
May 21, 2010
Messages
318
The large imbalances were caused by Germany holding down domestic wages and shunting the problems that caused onto other euro zone countries. They were not able to buy the currencies of these countries to give it an export advantage like they used to do with the deutschemark so they held wages down instead fuelling bubbles in the periphery.

The idea to impose asymmetric sanctions on countries with excess private sector capital inflows is positively insane, if it is not accompanied by policies that also address the deep persistent current account surpluses, which have nothing to do with good policy. Germany wants all countries that use the euro to have a current account surplus, that’s insane and impossible unless we started to trade with Venus.

It’s like California suing Kansas because Kansas runs a current account deficit with California i.e. imports more than it exports. I'd love to see the current account imbalances in the U.S. And besides it’s another example of the fallacy of composition. It’s a beggar thy neighbour policy were nobody can get an advantage because there all doing the same thing the world over. It will result in higher unemployment, lower growth and lower profits; we tied ourselves to a corpse.
:|:|
 

The Field Marshal

Well-known member
Joined
Aug 27, 2009
Messages
44,349
The large imbalances were caused by Germany holding down domestic wages and shunting the problems that caused onto other euro zone countries. They were not able to buy the currencies of these countries to give it an export advantage like they used to do with the deutschemark so they held wages down instead fuelling bubbles in the periphery.

The idea to impose asymmetric sanctions on countries with excess private sector capital inflows is positively insane, if it is not accompanied by policies that also address the deep persistent current account surpluses, which have nothing to do with good policy. Germany wants all countries that use the euro to have a current account surplus, that’s insane and impossible unless we started to trade with Venus.

It’s like California suing Kansas because Kansas runs a current account deficit with California i.e. imports more than it exports. I'd love to see the current account imbalances in the U.S. And besides it’s another example of the fallacy of composition. It’s a beggar thy neighbour policy were nobody can get an advantage because there all doing the same thing the world over. It will result in higher unemployment, lower growth and lower profits; we tied ourselves to a corpse.
:|:|
If you believe the euro has corpsed please present your evidence immediately.

Otherwise send all hands on deck at once to ensure Ireland remains on high alert to give unqualified support to the only organ pumping blood around Irelands wounded economy.

....
 
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