Comments on: An ‘atomic bomb’ is hovering over France’s economy http://blogs.reuters.com/anatole-kaletsky/2014/10/10/an-atomic-bomb-is-hovering-over-frances-economy/ Sat, 03 Jan 2015 16:42:55 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: George286 http://blogs.reuters.com/anatole-kaletsky/2014/10/10/an-atomic-bomb-is-hovering-over-frances-economy/#comment-2315 Fri, 17 Oct 2014 05:09:18 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=1448#comment-2315 The EU’s basic problem is their pursuit of austerity in response to recession, a dangerous and dis-proven strategy. The US used some stimulus and a large measure of quantatative easing and they are in much better shape, with a larger debt but they are now in a position to pay it down, without the institutional unemployment many countries in Europe face. Much like during the Great Depression, they will balance their budgets and live with high unemployment unless something fortuitously happens to ramp up their economies, it could go on for a decade, Spain and Italy will limp along.

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By: Mac20nine http://blogs.reuters.com/anatole-kaletsky/2014/10/10/an-atomic-bomb-is-hovering-over-frances-economy/#comment-2314 Thu, 16 Oct 2014 23:15:37 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=1448#comment-2314 Factoidz: Speak for yourself, scuzzb*tt. Like millions of deranged economic fundamentalists you sound like you have all the answers. Why it’s all those lazy, uneducated, unwashed poor that are devouring our: taxes/savings/way of life. Euro issue aside, ‘most’ issues do not stem from what you ascribe.

Plenty want to and are making an effort but when vested interests pour dendrite killing propaganda into little fearful minds all you get is regurgitated Ayn Rand-isms such as ‘hey, there’d be no accidents if we all just got rid of traffic lights and stop signs.’ Riiiiight. Who’s calling the shots in this day and age? The poor? I think not. Sure many are a drag on the economy but don’t throw out the baby with the bathwater.
Plenty are working to get out of what, in many case, the economy dumped on them. Many are desperately searching for work. Don’t kid yourself that everyone on the dole, anywhere, is a taker.

As an example re: the Euro, Greece wasn’t screwed over until politicians overextended. Not what the people voted for by Gosh. Chalk it up to all those poor if it shoos away your fears. Germany vs. France is a perfect example of the whole Euro dichotomy. France reportedly graduates more engineers than any country in Europe, but their mixed up policies waste the talent. They’re leaving for the UK and US. France will someday wake up to reality/a political revolution. Meanwhile, Germany has generous policies yet they are the model of the continent. I think more has to do with Labor issues than simplistic answers about welfare, etc. Lastly, lets not exaggerate too much. Some may aspire to only a 15 euro/hr job selling cheese. Others may deserve 20/hr as a cheese hawker if the locale supports it.

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By: Jessica_Tufts http://blogs.reuters.com/anatole-kaletsky/2014/10/10/an-atomic-bomb-is-hovering-over-frances-economy/#comment-2311 Thu, 16 Oct 2014 19:17:14 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=1448#comment-2311 “Hollande has stated repeatedly that France will refuse any demands from Brussels for more cuts.”

I suspect that, like the U.S. deficit, it won’t even require genuine budget cuts to bring the French deficit under control; it would merely require smaller budget increases.

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By: ih8npr http://blogs.reuters.com/anatole-kaletsky/2014/10/10/an-atomic-bomb-is-hovering-over-frances-economy/#comment-2309 Thu, 16 Oct 2014 16:37:06 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=1448#comment-2309 >degree in something useful like computer science

In the US,that’s the one of the last degrees folks should be looking at.

Ageism(over the hill at 40),H1B’s flooding the market depressing wages for IT workers and major corporations like Apple and Google conspiring to artificially push their workers wages lower by agreeing not to recruit each others employees.

Yeah,let me rack up a $200K student loan for that.

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By: Factoidz http://blogs.reuters.com/anatole-kaletsky/2014/10/10/an-atomic-bomb-is-hovering-over-frances-economy/#comment-2306 Thu, 16 Oct 2014 14:09:42 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=1448#comment-2306 This Euro issue and most issues stem from the basic human nature traits of the lazy living off the not-lazy.

Look at how many skilled jobs are unfilled- yet people whine that there are no opportunities. When you tell them to get a student loan, earn a degree in something useful like computer science, they don’t want to make the effort. They want instead a 20 euro an hour job selling cheese.

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By: Alisdair http://blogs.reuters.com/anatole-kaletsky/2014/10/10/an-atomic-bomb-is-hovering-over-frances-economy/#comment-2301 Mon, 13 Oct 2014 18:17:06 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=1448#comment-2301 A good explanation of how stupid the whole EU structure is.

Essentially, it’s perfectly possible for countries to ignore all the rules, as long as they don’t look as if they are ignoring all the rules and they avoid actually making any serious reforms, as long as it looks like they are trying.

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By: euro-yank http://blogs.reuters.com/anatole-kaletsky/2014/10/10/an-atomic-bomb-is-hovering-over-frances-economy/#comment-2299 Mon, 13 Oct 2014 06:20:59 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=1448#comment-2299 I snickered at the comment that “… both Berlin and Brussels must avoid humiliating Hollande.” He’s done enough self-humiliation to not need to worry about the EU’s political machinations.

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By: john202 http://blogs.reuters.com/anatole-kaletsky/2014/10/10/an-atomic-bomb-is-hovering-over-frances-economy/#comment-2297 Sun, 12 Oct 2014 07:13:10 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=1448#comment-2297 Wow..After reading this article ‘Machiavellian’ comes to mind.

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