http://www.guardian.co.uk/business/story/0,3604,957218,00.html Heart of eurozone skips a beat as Germany slips into recession I don't get it. Germany is in a recession and they are HIKING TAXES? What the hell? This makes the U.S. economy looks like it is booming. As usual.
they are rasing taxes because they that will get the goverment the money in the short run that it recieved when the economy was doing well. To bad it won't last. http://www.economist.com/agenda/displayStory.cfm?story_id=1785331 They have the left special intrest rising taxes. The country can't even control its own monetary policy. Thats really sad.
Everyone knows you drop taxes in a recession. Or to stave off recession. Or when you're booming. Or when... Kyoto. Why are the Europeans adopting Kyoto when other lazy fucks that turn out 20% of the world's air pollution but have 4% of the population are doing sod all? Tis a strange world.
Oh the joy, the utter joy, of being outside the European Single Currency, being able to operate a moneary and fiscal policy for your own benefit instead of having one imposed on you by Brussels that is supposed to benefit the entire continent of Europe. To all you 'Euro' supporters out there, Ha, Ha, Ha, 'told you so, told you so, the Euro sucks, and you have all got it wrong. As for Kyoto, well just because the US won't play ball does not mean that the rest of us should not make an effort.
now guess Originally posted by Jerrek I don't get it. Germany is in a recession and they are HIKING TAXES? What the hell? This makes the U.S. economy looks like it is booming. As usual. first to say that we aren´t in a recession ;a recession is NO GROWTH for two quarters ,and this is not the case HIKING TAXES ? what´s wrong with that ? this money is for our "free healthcare" ,they take the money from the smokers Please Register or Log in to view the hidden image! (some want also higher taxes for alcohol ) a package cigarettes will cost at the end of this year 4€ ,not 3€ ! but don´t worry boys ,our mercedes´and porsche´s and bmw´s and audi´s and vw´s will keep our finances "alive"
Please, don't comment on things you know nothing about. http://www.dw-world.de/english/0,3367,1429_W_868852,00.html "There's been more bad news for the German economy. Officially it is now in recession after the Federal Statistics Office announced on Thursday that for the second consecutive quarter Germany's gross domestic product had dropped. It fell by 0.2 percent in the first quarter of this year and 0.03 percent in the last quarter of 2002. Recession is defined as two consecutive quarters of negative growth. To make matters worse, Finance Minister Hans Eichel is facing a larger-than-expected tax shortfall. He said tax revenue for this year would be 8.7 billion euros lower than forecast. Over the next three years the shortfall is expected to total 126 billion euros." Hmm, well, you guys are sure doing an excellent job of killing the economy and doing everything in your power to stagnate growth.
Those damn brusselonians. We'd get rid of the euro like that (*snaps fingers*) but we cannot defeat that damn brusselonian army and their superior ray-gun technology..... Please Register or Log in to view the hidden image! BTW, isn't there something about how it's not wise for those in glass houses to throw stones Jerrek? (I take it you are american...)
Originally posted by Jerrek Please, don't comment on things you know nothing about. uhmm....i admit that i didn´t knew that (writing too much in sciforums) (i just took a look at the tv and no channel shows it.....!? i´ll have to do some research) Hmm, well, you guys are sure doing an excellent job of killing the economy and doing everything in your power to stagnate growth. killing the tobacco industry ,maybe Please Register or Log in to view the hidden image!
hehe jerrek ,you have mixed some things Please Register or Log in to view the hidden image! i´m really sorry that i´m not capable to explain you the matter in english......... study german economics a bit ,then you´ll know what i mean Please Register or Log in to view the hidden image! ah ,i forgot ,american economy is doing very well .....Please Register or Log in to view the hidden image! you are a daydreamer ,aren´t you ? edit;i´ll try before you cry you say my goverment wants to increase personal income tax ,right ? so you think everybody has to pay more now ,right ? wrong ,some have to pay more ,some have to pay less !!! i´ll hope you understand it now
Re: now guess first to say that we aren´t in a recession ;a recession is NO GROWTH for two quarters ,and this is not the case According to the Financial times today this IS the case. [ but don´t worry boys ,our mercedes´and porsche´s and bmw´s and audi´s and vw´s will keep our finances "alive" [/B][/QUOTE] If they don't you can always re invent the 'Trabant'
Isn't it possible that these ultra capitalist countries, Germany, Japan and even the US have exhuasted their growth? I mean the USSR did in the 70's they began to follow the same trends that our current capitalist states have been experiancing. How much bigger can the German economy grow? I think that is a question people don't ask enough.
This is a global economic set back... e.g. the Netherlands could have never fought it by playing around with the guilder without the risk of massive inflation. Instead, we have the Euro, which is a much more powerfull tool. The interests of Germany, France and the other Eurozone countries are similar: boosting both internal and external trade. Together, with the Euro, this goal can be more easily obtained than with a disorganized orchestra of local currencies. The jury is still out on this one and the UK is not doing too well either. One assurance, if the eurozone is going down, UK is going to follow. It's economically tied to the continent. If not us, who else is going to invest is those silly British car brands or book their weekend parties in London?
Kiddo, do you know what capitalist means? It is on the opposite, o-p-p-o-s-i-t-e side of the specrum to socialism. Germany is one of those ultra socialist countries, not capitalist. Japan is very simliar. Don't confuse socialism with capitalism. U.S.S.R was a capitalist state? Neither is the United States, but both the United Kingdom and the United States actually had growth compared to the rest of Europe, so don't tell us the jury is still out on this one.
The whole world is in the hole as far as economies go. Lucky me that the US is actually in the shallow end of the pit. Even if our economy goes down as long as we go down slower than everybody else things are peachy. We keep our role on top of the world.
Yes, but the blame shifted from Kyoto to the Euro. I for one do not want to blame either, although they did have their effects i am sure. the Netherlands and Germany are large exporters, i know that at least the former has a considerable trade surplus... when the rest of the world is slowing down a bit, the blow is extra hard for those countries who have based their economies on a good export climate. The high value of the Euro towards the dollar is not helping us in this respect, but the currency in itself is not proven to be the main cause for the dropping growth of these countries. Whether the Euro will be a success or utter failure, we can only tell after a decade or so when the dust of this crisis has settled. That's why, in my opinion, the jury is still out on this one.
I consider Germany and Japan very capitalistic, mind you they have nice welfare safety nets, they still act in a very capitalistic way. But I think like the USSR (which wasn't communist really) the country has a limit kiddo, and look at Japan shouldn't it be growing with 0% interest rates? Why is deflation being heard in the halls of Frankfurt or Washinton? Isn't the begining of the end of profits and the slow decline just like the USSR? And please don't talk to me is such a tone, I am just 4 years younger than you kiddo. Capitalism like communism never happened kay!
Silly British car brands, let's see, Jaguar, Lotus, Aston Martin, Land Rover, all owned and invested in by the major US car firms while Holland builds the Mitsubishi Charisma, mmm, let me think, no, sorry , you've lost me there.Please Register or Log in to view the hidden image!
