How to Join Member's Area Private Library Search Today's Topics p Login
Main Forums Discussion Tech Talk Mature Content Archives
   Nav Win
 Discussion
 The Alley
 Four Trillion Euros
 1 2 3 4
Follow us on Facebook

 Moderated by: Ron   (Admins )

 
User Options
Format for Better Printing EMail to a Friend Not Available
Admin Print Send ECard
Passions in Poetry

Four Trillion Euros

 Post A Reply Post New Topic   Go to the Next Oldest/Previous Topic Return to Topic Page Go to the Next Newest Topic 
Huan Yi
Member Ascendant
since 10-12-2004
Posts 6334
Waukegan


0 posted 10-01-2011 09:27 AM       View Profile for Huan Yi   Email Huan Yi   Edit/Delete Message      Find Poems  View IP for Huan Yi

.


Will someone explain in simple terms
where the EU plans to come up with
four trillion euros.

“The plan is, in fact, for EFSF to operate like the Federal Reserve and simply print trillions of euros and hand them to the banks."

http://birdflu666.wordpress.com/2011/09/24/efsf-needs-to-be-4-trillion-euros-say   s-daniel-gros/


Is that it?

“The real cause of the eurozone and US debt crisis is our privatised money system.”

What does that mean?  


.
Huan Yi
Member Ascendant
since 10-12-2004
Posts 6334
Waukegan


1 posted 10-11-2011 06:49 PM       View Profile for Huan Yi   Email Huan Yi   Edit/Delete Message      Find Poems  View IP for Huan Yi

.


"There's a lot of talk at the moment about solidarity, that Slovakia must show solidarity with other countries," Mr Sulik told foreign journalists last week.

"The average pension in Slovakia is less than 400 euros (£350). The average pension in Greece is 1,400 euros (£1,200) - three, four times higher," Mr Sulik said.

"It's impossible to explain to a Slovak pensioner that he or she has to contribute - in the form of higher VAT for example - towards Greek pensions. Or towards Italian MPs' salaries, the highest MPs' salaries in Europe," he added.

"That's not solidarity. That's a perverse concept of solidarity," he explained.”

http://www.bbc.co.uk/news/world-europe-15266300


I’ve seen this expressed another way:  why should Germans have to work into their 70’s
so Greeks can retire at 50.


.
Huan Yi
Member Ascendant
since 10-12-2004
Posts 6334
Waukegan


2 posted 11-01-2011 05:19 PM       View Profile for Huan Yi   Email Huan Yi   Edit/Delete Message      Find Poems  View IP for Huan Yi

.

“Greece's government is holding an emergency meeting following a day of turmoil triggered by PM George Papandreou's announcement of a referendum on the proposed EU bailout.”

http://www.bbc.co.uk/news/world-europe-15538809


Given today's news
I'm a little sick of Greece.

They cooked their books to get
into the EU, to stay in, and
get other people's money to
have the good life.  The EU worked
up a deal where they got a 50%
forgiveness of past debts, and more
of other people's money.  And now
the latest drama.


Why can't the EU just walk away
and wish Greece luck?


Let’s put it another way;
what short of Athens demanding
human sacrifices to their dead gods
could get the EU to walk away from Greece?


.


[This message has been edited by Huan Yi (11-01-2011 06:42 PM).]

Huan Yi
Member Ascendant
since 10-12-2004
Posts 6334
Waukegan


3 posted 11-01-2011 11:43 PM       View Profile for Huan Yi   Email Huan Yi   Edit/Delete Message      Find Poems  View IP for Huan Yi

.
“Why is Greece in trouble?


Greece has been living beyond its means in recent years, and its rising level of debt has placed a huge strain on the country's economy.

The Greek government borrowed heavily and went on something of a spending spree after it adopted the euro.

Public spending soared and public sector wages practically doubled in the past decade.

However, as the money flowed out of the government's coffers, tax income was hit because of widespread tax evasion."

http://www.bbc.co.uk/news/business-13798000

.
Grinch
Member Elite
since 12-31-2005
Posts 2710
Whoville


4 posted 12-03-2011 08:53 PM       View Profile for Grinch   Email Grinch   Edit/Delete Message      Find Poems  View IP for Grinch


quote:
“The real cause of the eurozone and US debt crisis is our privatised money system.”

What does that mean?


A privatised money system is one where private banks create money.

.
 
 Post A Reply Post New Topic   Go to the Next Oldest/Previous Topic Return to Topic Page Go to the Next Newest Topic 
All times are ET (US) Top
  User Options
>> Discussion >> The Alley >> Four Trillion Euros Format for Better Printing EMail to a Friend Not Available
Print Send ECard

 

pipTalk Home Page | Main Poetry Forums

How to Join | Member's Area / Help | Private Library | Search | Contact Us | Today's Topics | Login
Discussion | Tech Talk | Archives | Sanctuary



© Passions in Poetry and netpoets.com 1998-2013
All Poetry and Prose is copyrighted by the individual authors