ChatterBank2 mins ago
Will tge right succeed in fixing another Socialist mess?
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The Spanish have ousted the Socialists so the centre right are stuck with imposing austerity measures whilst no doubt the lefties snipe from the side. Will tgey succeed or will Spain be the final nail in tge eurozone coffin?
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Brenden - the Coffers were empty because the Labour party had to pou tens of billions of pounds into the banks to stop them all failing and everybody losing their savings and houses.
Empty coffers = greedy bankers
This is evidenced by the fact that this is a worldwide issue and happened in country's with right wing administrations like Italy ang the US too
But you keep telling yourself the fairy stories from the press if it makes you happy
Empty coffers = greedy bankers
This is evidenced by the fact that this is a worldwide issue and happened in country's with right wing administrations like Italy ang the US too
But you keep telling yourself the fairy stories from the press if it makes you happy
It seems to be The Germans and French have got what they wanted, ousted leaders of Greece, Italy, and now Spain has also gone the same way, so does this mean democracy is alive and well, or like before with the Irish, vote yes otherwise you get nothing, and are left out in the cold. Which is what Britain keeps on being bombarded with. I wonder if we were to sign up to the Euro, and it was Cameron's signature on the document would that be his career over. I hate the idea of a United States of Europe, and can see this as Germany's aim all along. EEC was the right way, trade, and closer ties, but not what we now have.
JTP, yet more bias, surprised you haven't mentioned you work for that big American corporation again, and that the Americans want to do business with Europe, not Britain. Same old story, and that all the blame goes to the current administration, whilst not believing for one minute that the last one played a part in the mess we are in.
yes i do. It's not difficult to see how it works much more in France/Germany favour to have different leaders of those countries. Ones who are more Europhile than Eurosceptics. Believe what you like, i don't like/trust what is happening within Europe. One size doesn't fit all, and if taxation, and benefit systems, and whatever they can dream up next are conjoined can see that being a complete disaster.
Socialist Messes...
When the recent borders fisasco blew up, figures referring to "the last two years" were those under consideration. Since two years took matters back into a time when Labour were in power, some Tory dumbo immediately jumped on the "let's blame THEM" bandwagon. What never seems to have crossed his tiny little right-wing mind is that the coalition has been in power now for over 18 months...ie three quarters of the relevant period! Accordingly, if Labour did mess immigration up, the Tories and their hangers-on have simply compounded the problems. SNAFU!
When the recent borders fisasco blew up, figures referring to "the last two years" were those under consideration. Since two years took matters back into a time when Labour were in power, some Tory dumbo immediately jumped on the "let's blame THEM" bandwagon. What never seems to have crossed his tiny little right-wing mind is that the coalition has been in power now for over 18 months...ie three quarters of the relevant period! Accordingly, if Labour did mess immigration up, the Tories and their hangers-on have simply compounded the problems. SNAFU!
“the Coffers were empty because the Labour party had to pou tens of billions of pounds into the banks to stop them all failing...” Partially (and somewhat selectively) true, jake.
Certainly the coffers have been severely depleted since 2008 because the government saw fit to pour billions into failing banks (instead of simply reimbursing retail clients under the FSA protection scheme, making provision for responsible businesses who may have lost money and letting the banks go to the wall).
However, the coffers were scarcely bursting at the seams before then. Between 1999 and 2008 government debt doubled from around £250bn to a little over £500bn just before the banking crisis took hold. During that time, so we were repeatedly told, the country had enjoyed one of the longest periods of sustained growth since the world began. If public sector debt doubles during a period of such rapture, the only surprising thing is that it has been contained as low as it has since everything went belly up. However, let’s not allow the facts to spoil the party!
This is not a party issue, nor is it a “Right vs Left” issue. It has progressed way beyong the childish antics of politicians. Neither of the main parties (or political wings) in the UK has any idea how to cope with this problem. All the major governments in Europe are fannying around, tinkering at the edges, unable to agree a way forward. They all (the UK included) need to get their acts together. In particular prevarication amongst the Eurozone members has left that hapless currency standing on the trap door ready for the hangman to pull the lever. I have no particular affection for the single currency. I believed when it was launched that it was a flawed project that would end in tears. Recent events have done nothing to change my mins. But I would rather see it survive and prosper than remain on the gallows because this continuing cycle of “crisis” and “rescue package” is causing immeasurable harm to the rest of the world.
I imagine the new “Right Wing” (!) government in Spain will fare no better than its predecessor.
Certainly the coffers have been severely depleted since 2008 because the government saw fit to pour billions into failing banks (instead of simply reimbursing retail clients under the FSA protection scheme, making provision for responsible businesses who may have lost money and letting the banks go to the wall).
However, the coffers were scarcely bursting at the seams before then. Between 1999 and 2008 government debt doubled from around £250bn to a little over £500bn just before the banking crisis took hold. During that time, so we were repeatedly told, the country had enjoyed one of the longest periods of sustained growth since the world began. If public sector debt doubles during a period of such rapture, the only surprising thing is that it has been contained as low as it has since everything went belly up. However, let’s not allow the facts to spoil the party!
This is not a party issue, nor is it a “Right vs Left” issue. It has progressed way beyong the childish antics of politicians. Neither of the main parties (or political wings) in the UK has any idea how to cope with this problem. All the major governments in Europe are fannying around, tinkering at the edges, unable to agree a way forward. They all (the UK included) need to get their acts together. In particular prevarication amongst the Eurozone members has left that hapless currency standing on the trap door ready for the hangman to pull the lever. I have no particular affection for the single currency. I believed when it was launched that it was a flawed project that would end in tears. Recent events have done nothing to change my mins. But I would rather see it survive and prosper than remain on the gallows because this continuing cycle of “crisis” and “rescue package” is causing immeasurable harm to the rest of the world.
I imagine the new “Right Wing” (!) government in Spain will fare no better than its predecessor.
/// when Labour were in power, some Tory dumbo immediately jumped on the "let's blame THEM" bandwagon. ///
/// What never seems to have crossed his tiny little right-wing mind ///
Typical expletives we have come to expect from some Left-Wing 'intellectuals'
Wasn't it Brown who made the controversial decision to sell Britain's gold reserves, which cost us the taxpayer £7-10 billion
http://i.telegraph.co...brown-go_1602795c.jpg
It seems that Quizmonster has aimed his expletives at the wrong party.
/// What never seems to have crossed his tiny little right-wing mind ///
Typical expletives we have come to expect from some Left-Wing 'intellectuals'
Wasn't it Brown who made the controversial decision to sell Britain's gold reserves, which cost us the taxpayer £7-10 billion
http://i.telegraph.co...brown-go_1602795c.jpg
It seems that Quizmonster has aimed his expletives at the wrong party.
blame game is a good one, however how do we go forward from here seeing how much doo doo were are in.
Brown had advice to go in, adopt the Euro, most of his cohorts wanted to, but he didn't, and for that we should be eternally grateful.
Industry in Britain had been hog tied by Unions for so long. They had their uses, and no one disputes that they were needed in the olden days, when workers were low paid, and rights weren't something many had. But they went beyond the remit, and proceeded to almost bring the country to it's knees, by endless strikes. We didn't get the nickname the sick man of Europe for nothing. I could say I know, because i lived through those times, but what would be the point.
Brown had advice to go in, adopt the Euro, most of his cohorts wanted to, but he didn't, and for that we should be eternally grateful.
Industry in Britain had been hog tied by Unions for so long. They had their uses, and no one disputes that they were needed in the olden days, when workers were low paid, and rights weren't something many had. But they went beyond the remit, and proceeded to almost bring the country to it's knees, by endless strikes. We didn't get the nickname the sick man of Europe for nothing. I could say I know, because i lived through those times, but what would be the point.
Whatmeworry - your parents must be rich then. My grandparents were miners tied to a private company, risking thier lives and living in poverty - The labour party allowed the working class to stop doffing caps to thier "bettors" get an education and have access to health care that was denied them.
As for this question ,yet again, I can only agree with New Judge political differences should be set aside for the duration, unfortunatley vested interests are doing more harm than good.
As for this question ,yet again, I can only agree with New Judge political differences should be set aside for the duration, unfortunatley vested interests are doing more harm than good.
-- answer removed --
Steve agree the problem is and I say this with out bias. Economists can't agree, business can't agree.
George Osbourn has chosen a path and both economists and business say he's got it wrong.
Throw out the Labour bleating and the left wing hand ringing. If right wing organaisations say its not the right way what hope do we have?
George Osbourn has chosen a path and both economists and business say he's got it wrong.
Throw out the Labour bleating and the left wing hand ringing. If right wing organaisations say its not the right way what hope do we have?
Apologies if this amusing solution to the 'debt crisis' has been posted before.
<<
It is a slow day in the little Greek Village.
The rain is beating down and the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit.
A rich German tourist, name of Merkel, is driving through the village, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner she wants to inspect the rooms upstairs in order to pick one to spend the night.
The owner gives her some keys and, as soon as she has walked upstairs, grabs the €100 note and runs next door to pay his debt to the butcher.
The butcher takes the €100 note and runs down the street to repay his debt to the pig farmer.
The pig farmer takes the €100 note and heads off to pay his bill at the supplier of feed and fuel.
The guy at the Farmers' Co-op takes the €100 note and runs to pay his drinks bill at the taverna. The publican slips the money along to the local prostitute drinking at the bar, who has also been facing hard times and has had to offer him "services" on credit.
The hooker then rushes to the hotel and pays off her room bill to the hotel owner with the €100 note.
The hotel proprietor then places the €100 note back on the counter so the rich traveller will not suspect anything. At that moment the traveller comes down the stairs, picks up the €100 note, states that the rooms are not satisfactory, pockets the money, and leaves town.
No one produced anything. No one earned anything. However, the whole village is now out of debt and looking to the future with renewed optimism. And that, gentle readers, is how the bailout package works.
>>
<<
It is a slow day in the little Greek Village.
The rain is beating down and the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit.
A rich German tourist, name of Merkel, is driving through the village, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner she wants to inspect the rooms upstairs in order to pick one to spend the night.
The owner gives her some keys and, as soon as she has walked upstairs, grabs the €100 note and runs next door to pay his debt to the butcher.
The butcher takes the €100 note and runs down the street to repay his debt to the pig farmer.
The pig farmer takes the €100 note and heads off to pay his bill at the supplier of feed and fuel.
The guy at the Farmers' Co-op takes the €100 note and runs to pay his drinks bill at the taverna. The publican slips the money along to the local prostitute drinking at the bar, who has also been facing hard times and has had to offer him "services" on credit.
The hooker then rushes to the hotel and pays off her room bill to the hotel owner with the €100 note.
The hotel proprietor then places the €100 note back on the counter so the rich traveller will not suspect anything. At that moment the traveller comes down the stairs, picks up the €100 note, states that the rooms are not satisfactory, pockets the money, and leaves town.
No one produced anything. No one earned anything. However, the whole village is now out of debt and looking to the future with renewed optimism. And that, gentle readers, is how the bailout package works.
>>
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