The Vultures Fly Again And Again

[camberiu]

Farage is a joke. I am not going to waste my time watching a video with this idiot speaking. Weren't you one of those opposing populism? Nigel Farage is text book right wing populism.

Populism is to defend a monetary union without a fiscal one.
Populism is to say that Greece, Finland, Portugal and Germany can all have the same interest rates.
Populism is to use tax payer money to bail out private European banks who were dumb enough to lend money to the PIIGS.
Populism is to defend Europeans bombing Syria and Libya.

Mr. Farage was against all those things. Your politicians ARE for all those things.

"When things become serious, you have to lie"
-[background=rgb(243, 244, 246)]Jean-Claude Juncker, Prime Minister of Luxemburg[/background]

 

[germano]

Populism is to defend a monetary union without a fiscal one.
Populism is to say that Greece, Finland, Portugal and Germany can all have the same interest rates.
Populism is to use tax payer money to bail out private European banks who were dumb enough to lend money to the PIIGS.
Populism is to defend Europeans bombing Syria and Libya.

Mr. Farage was against all those things. Your politicians were for all those things.

Oh my ... how do you know who "my" politicians are. If you are referring the to the government of my home country - let me assure you that the members of the current center-right government are not "my" politicians. I don't like them and I have never in my life voted for them. Besides - they were actually against bombing of Libya. And the bank bailout was definitely not a populist policy - as the vast majority of people in the country are against those policies (socializing private losses etc).
Regarding the interest rate: the current center-right government still opposes Eurobonds. Eurobonds would not be popular among voters (even among opposition center-left voters). So a policy introducing Eurobonds (and therefore establishing the same interest rate for the Euro-Countries) would definitely not be a populist policy for the Merkel government - quite the opposite.

 

[camberiu]

I did not mean "your" as, "you voted for them". I was talking about the politicians that are representing you (having voted for them or not) in Brussels. And yes, all of those are populist policies for the whole of Europe. The whole concept that "the Euro can survive", "we can all have a single currency and a single interest rate" and that "countries have been bailed out" is all populism. No country has been "bailed out", as the European parliament politicians claim. The only ones "bailed out" were the banks. The Euro has not 'turned the corner", as your politicians (no matter if you voted for them or not) in Brussels claim. Things are actually getting worse in Italy, Spain, Greece and Portugal. It is all populism.
The only one brave enough to tell the truth instead of repeating populist slogans is the "right wing nut", as you put it.

here is the "right wing nut" on Libya. What a lunatic....

 

[germano]

I did not mean "your" as, "you voted for them". I was talking about the politicians that are representing you (having voted for them or not) in Brussels. And yes, all of those are populist policies for the whole of Europe. The whole concept that "the Euro can survive", "we can all have a single currency and a single interest rate" and that "countries have been bailed out" is all populism. No country has been "bailed out", as the European parliament politicians claim. The only ones "bailed out" were the banks. The Euro has not 'turned the corner", as your politicians (no matter if you voted for them or not) in Brussels claim. Things are actually getting worse in Italy, Spain, Greece and Portugal. It is all populism.
The only one brave enough to tell the truth instead of repeating populist slogans is the "right wing nut", as you put it.

here is the "right wing nut" on Libya. What a lunatic....

As I said the German government was against the bombing of Libya. And the four policies you mentioned are everything else than populist (in Germany and various other EU countries). Rest assured that it is definetely not popular in Germany to pay higher interest on bonds because of other European countries. It would be populist to demand a policy to get rid of the Euro and bring the old currency "Deutsche Mark" back. The old currency was very stable and promising to bring it back would be quite popular among voters.
Also the politicians in Brussels are not the ones making monetary or fiscal decisions. The EU has is a multitiered legislature and decisions regarding bonds, Euro etc. are made by the member countries' legislatures not by the EU parliament in Brussels.

 

[John.St]

... BTW, Portugal's debt to GDP ratio JUST passed the 130% barrier, despite all the "austerity". ...

The good news is that Portugal made an unexpectedly dramatic exit from recession, GDP grew 1.1 percent in the second quarter of 2013 after 10 consecutive quarters of contraction.
http://elpais.com/el...624_014629.html

 

[internationalguy]

The good news is that Portugal made an unexpectedly dramatic exit from recession, GDP grew 1.1 percent in the second quarter of 2013 after 10 consecutive quarters of contraction.
http://elpais.com/el...624_014629.html

I wouldn't get too excited about gdp growing 1.1% considering that the debt to GDP ratio is way past the point of no return. There is no way a debt can be paid off after that point. They're not the only ones btw.

 

[camberiu]

I wouldn't get too excited about gdp growing 1.1% considering that the debt to GDP ratio is way past the point of no return. There is no way a debt can be paid off after that point. They're not the only ones btw.

Not only has its past the point of no return, but it is still growing. The Portuguese DEFICIT is 4.5% of GDP. So, their unplayable debt is still ballooning. Same story apply to all other PIIGS. The fact that the Euro cannot possible work is not a political issue, but a mathematical one. Unless Germany decides to take a major kick on the teeth "for the team", and absorb those debts, the only way out is for those countries to default and leave the Euro.

 

[ghost]

But they have the Troika. Which should go well in Argentina. http://www.npr.org/blogs/parallels/2013/09/16/222089003/with-a-card-game-the-portuguese-get-back-at-their-creditors?ft=1&f=1001

 

[germano]

Argentina ... with similar problems as Spain and Italy. Where did most Argentinean families originally come from?

 

[Dublin2BuenosAires]

Argentina ... with similar problems as Spain and Italy. Where did most Argentinean families originally come from?

Convenient to leave out greece, portugal and ireland....

Of course, there are no Germans in Argentina, oh...hang on.

Europes problems revolve around an ill advised currency union with debt rules that where conveniently ignored upon entry & during it's lifecycle. Not uniquely a Spanish and Italian problem.

Very simplistic thinking.