Comments on: Euro zone should beware the “F” word Mon, 18 Apr 2016 14:55:08 +0000 hourly 1 By: Synthia Bonenberger Thu, 09 Oct 2014 11:32:07 +0000 Simply want to say your article is as astonishing. The clarity in your post is simply cool and i can assume you’re an expert on this subject. Fine with your permission let me to grab your feed to keep updated with forthcoming post. Thanks a million and please keep up the gratifying work.

By: Mastafing Thu, 12 Apr 2012 18:00:36 +0000 Here in the US the middle class faces the same fate. The virtual elimination of our manufacturing base has decimated not only the solid paying jobs and benefits they bring. It’s also destroying something I believe to be of even greater importance to our once great Republic. Belief. Belief that the people we elect to represent us in the halls of Congress would never sell their countrymen out for 30 pieces of silver. Belief in the general decency of their brethren who own these companies they work for, small and large, that they would never become our Judas, choosing larger profit margins over their own country. A belief, that is at the heart and soul of anything good America has ever represented. The belief that even with all of our flaws and shameful missteps, that when it really matters most, our brothers in the positions of power would stand on the side of the righteous and never yield. That belief, is everything in America. Without it, all of the bloodshed by our Founding Fathers and countrymen to gain our rightful independence from tyranny, will have been for naught. Our Constitution, amongst the most divinely inspired and just words mankind has ever put to parchment, betrayed by those who swore a sacred oath to uphold and defend her. Sold out to global banksters and corporate elites in bed with our Executive, Legislative and Judicial representatives, here and abroad. Men devoid of conscience. Sociopath puppet masters who actually believe it is their destiny and right to rule us serfs under a New World Order. The deconstruction of freewill principles and the wealth of nations has been decades in the making. The acceleration of their move to one world government is so palpable, that even those who lack the detailed knowledge or education in such matters can sense that we are all but done for as a free people. Without those beliefs secured in their hearts and minds, America is all but guaranteed to become a part of the totalitarian state we’re being sold to. A job is just that, a job. The reason for America’s stunning success in gaining our Independence from England, was their/our belief. Having a truly just cause worthy of sacrificing your life for if necessary. The British were the greatest military force the world had ever known, defeated by a group of educated rebels and a rag tag army of outgunned, outnumbered, farmers and expats with little to no training or combat experience in comparison. The Brits served a tyrant, a King who owned them as if chattel. The American Patriot’s they faced had tasted the notion of true freedom, after having suffered under the boot heel of a tyrant King and his henchmen. This is why England was defeated. These Patriot’s believed in a just, noble cause and sacrificed dearly for it. What were the Brits fighting for? Promotion in rank? Titles? Land? Fear of angering their King? What they had was just a job, no belief that was just or noble. I see the change in my country destroying the faith in our beliefs, our own elected leaders speaking as if Patriot’s while governing as tyrants. Jobs and industry are important for all nations, but we’ve got much deeper problems the world over than a high unemployment rate……We’re losing our freedom.

By: skeptic Mon, 09 Apr 2012 20:17:14 +0000 The main problem stemming from the formation of the Eurozone is that it requires the wages of the poorer economies to perennially move downwards to match their eternally lower productivity year on year decade on decade.

However it is well known that wages are sticky even in a recession see tfb_00-02_wages.htm
Hence there is no practical mechanism having the same effect as devaluing individual currencies to cater for country’s lower growth rates once a common currency is formed.

The only get-out would be a full fiscal union where the rich regions eternally give largesse to the poor regions to keep their heads above water. Try selling that concept to the German public.

By: topmutt Sat, 07 Apr 2012 21:35:23 +0000 Yeah right – anyone is going to listen to commentators from the self-righteous criminally and socially bankrupt Anglo Saxon countries?

By: piaf Fri, 06 Apr 2012 08:52:15 +0000 Adam Smith: In Italy, I see more things coming from Germany than from China. If I go to Sardegna, I use Moby Lines (German). When I go to Auchan (French), I buy food like “biscotti” and “mozzarella” from Germany (very good and cheaper than the Italian option, even though I live in Italy ?!) My local macellaio (butcher) carries pretty much German beef. Again, cheaper than the Italian comparative. This also applies to clothing, shoes, cooking utensils, light fixtures, plumbing supplies….. Germany is Europe’s China.

By: Hinch Wed, 04 Apr 2012 15:46:34 +0000 I thought the “F” word was going to be “Fed”

By: AdamSmith Tue, 03 Apr 2012 17:39:46 +0000 No, what Europe needs is to bring back manufacturing by imposing a protective tariff.

The young people in Europe have no jobs. And if you walk into any supermarket there, it’s easy to see why.

All the goods in the supermarket are made in China!

Europe needs to wake up. Their survival is at stake. The doctrine of “free trade” has benefited multinational corporations immensely, but has murdered, destroyed the European middle class.

Europe needs an immediate 25% tariff on all imported goods from outside Europe, manufactured or agricultural. The tariff must be a clean and simple 25% so that it can’t be corrupted away in the shadows.

If such a tariff were imposed, jobs for European youth would spring up like new grass after a rain. And the huge proceeds of the tariff could be used to balance the budget.

Tariffs work. And they are the easiest of all taxes to administer, and the least susceptible to corruption. Tariffs are good for citizens but multinational corporations hate them.

By: PseudoTurtle Mon, 02 Apr 2012 16:21:59 +0000 Are you serious?

You state “What is needed is a vigorous programme of long-term structural reforms such as freeing up labour markets and introducing more competition into services industries.”

For one thing the markets don’t operate on a “long-term” basis, so this won’t work right up front. Second, “structural reforms” have hardly begun and that is why people are rioting in protest.

Thus, it should be obvious that there is no time to make any long-term changes under the present circumstances.

The eurozone needs to face reality and begin on a plan for the most amicable “divorce” possible before it becomes impossible to do so.

For an in-depth analysis, see Bloomberg’s article today, “Euro Was Flawed at Birth and Should Break Apart Now”.  /euro-was-flawed-at-birth-and-should-br eak-apart-now.html