- NEW!
by TheGrimReefer on November 23rd, 2011
Where is tuscany located?
by Answerbag Staff on November 9th, 2010
| 1 person likes this
what are all or most of the international countries in europe
by yappers on April 6th, 2012
| 1 person likes this
i burried the body now what
by masterofdeath on April 12th, 2012
| 3 people like this
How many ecosystems does France have?
by Answerbag Staff on August 23rd, 2010
| 1 person likes this
How wide is the Neuschwanstein Castle?
by Answerbag Staff on August 18th, 2010
| 1 person likes this
You're reading Are the English socialists or is that something Europe has embraced?
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!
Comments
I imagine a brilliant economist in the right position saw this one coming, the UK has smart people.
by to the SNAKE PIT! on November 23rd, 2011
I'm not sure it took a lot of brilliance.
Any economist not a socialist and/or on the govt payroll should have seen the inevitable failure of the euro and also realized that you don't solve a debt crisis with more debt!
by TheGrimReefer on November 24th, 2011
Very true, doesnt work for any house hold, why would it work for a nations economy.
by to the SNAKE PIT! on November 24th, 2011
Not so,we still have to prop up the Euro by way of further contributions to the IMF. Our people are not so smart, were in the mess too just like you and them are.Were under a lot of austere measures to get us back on the right road.We even have all the non-essential street lighting off overnight,social services are at an all time low,all to do with the world economic crisis..
by Tel UK- Licensed to fish! on November 25th, 2011
Right, it's not all good news, but with the austerity measures and with the fact that you're not in the Euro, you're doing better than a lot of the Euro countries. You risk recession while they risk collapse. You can still sell bonds!
Had spending and social services been bumped up to an all time high (ie like the US), things would be far worse.
Europe is going to get flushed. Even the Eurobonds/"stability bonds" idea won't save it now... europe-wide bonds backed by a country that can't even sell their own?
by TheGrimReefer on November 25th, 2011
You can still only sell bonds if you can find a buyer....
by Tel UK- Licensed to fish! on November 25th, 2011
Yeah but the UK can find a buyer, at below 2%, even when their inflation is far above that rate!
Other euro nations are forced to sell at 7+%, or in the case of Germany, simply can't sell any at 2 - 2.5% (and won't sell any at higher). The UK isn't dealing with failed bond auctions. The UK could still go down, but the other guys are more likely to.
by TheGrimReefer on November 25th, 2011
If the ship sinks were all in it.........
by Tel UK- Licensed to fish! on November 25th, 2011