Daily Economy Thread

[Woolfsmck 2,763]

The EU will be way more fixed if you get rid of France,Italy,Greece and Spain.

[KingOfSpain 10,010]

The EU will be way more fixed if you get rid of France,Italy,Greece and Spain.

If France, Spain and Italy leave the EU, the whole western economy would collapse. Do you know what have you even said? 

 

These three countries together are the 33% of EU's GDP.

 

Greece is not relevant tbh, but it would be healthier for EU's economy to help them than throwing them out, because then, the union would be admitting that itself is a failure.

 

Real problems now are Greece, Portugal and Cyprus (small countries). Spain is on its way to recovery and although Italy and France (maybe Belgium too) seem stagnant, they're far from sinking. 

[Economy 52,844]

If France, Spain and Italy leave the EU, the whole western economy would collapse. Do you know what have you even said?

These three countries together are the 33% of EU's GDP.

Greece is not relevant tbh, but it would be healthier for EU's economy to help them than throwing them out, because then, the union would be admitting that itself is a failure.

Real problems now are Greece, Portugal and Cyprus (small countries). Spain is on its way to recovery and although Italy and France (maybe Belgium too) seem stagnant, they're far from sinking.

Portugal unlike Greece and France hasnt resisted the changes it was asked to make

Portugals deficit is way reduced and export growth and manufacturing is rebounding well giving foundation for further future growth in other sectors. And they expect stronger growth this year and the uear after

If anything im concerned about France. They are large but they seem to be weaknening rather than making progress

[Luc 4,776]

The EU will be way more fixed if you get rid of France,Italy,Greece and Spain.

Spain had some of the best finances pre-crisis. Their banks messed up, not them. A problem however is that the economizations they put hurt the economy too much getting in a vicious circle with more and more unemployment. I actually feel bad for them because it's the banks and big trading partners that got them into problems mostly.

You're saying the EU, but you mean the Eurozone. Big difference.

France just has a bad government atm. Italy was unlucky to have a populist government for so long. Greece is just a huge mess.

They should enforce their 60% debt and 3% annual debt fines. They never gave them out. The crisis is for a huge part because Greece and Italy spent way more than they had, and got no sanction for it.

[Luc 4,776]

Portugal unlike Greece and France hasnt resisted the changes it was asked to make

Portugals deficit is way reduced and export growth and manufacturing is rebounding well giving foundation for further future growth in other sectors. And they expect stronger growth this year and the uear after

If anything im concerned about France. They are large but they seem to be weaknening rather than making progress

The rest of the Eurozone is making progress, so export will probably rise giving them more job growth and potentially ending the crisis. That's how I hope it'll go, no way France will get its ass out of the crisis itself with their own government.

If France, Spain and Italy leave the EU, the whole western economy would collapse. Do you know what have you even said? 

 

These three countries together are the 33% of EU's GDP.

 

Greece is not relevant tbh, but it would be healthier for EU's economy to help them than throwing them out, because then, the union would be admitting that itself is a failure.

 

Real problems now are Greece, Portugal and Cyprus (small countries). Spain is on its way to recovery and although Italy and France (maybe Belgium too) seem stagnant, they're far from sinking. 

Change Portugal to Slovenia and I'll agree.

[Economy 52,844]

The rest of the Eurozone is making progress, so export will probably rise giving them more job growth and potentially ending the crisis. That's how I hope it'll go, no way France will get its ass out of the crisis itself with their own government.

 

 

i think its important to remember much of the slow growth has been because of cuts and austerity. The private sector has grown, but because of budget cuts, the GDP figures shrink

 

Now that austerity will begin to ease i think the EU will pick up. Low oil prices should also help since Europe imports almost all its oil, its a big savings for the economy

 

That being said a lot of changes still need to be done in many Countries

 

France in particular worries me because they are the second largest Euro user and 3rd largest economy in EU after Germany and Britain and they seem to be going backwards instead of forward

 

Britain recently surpassed Frances economy not because Britain is booming but because France is stagnating

[Luc 4,776]

i think its important to remember much of the slow growth has been because of cuts and austerity. The private sector has grown, but because of budget cuts, the GDP figures shrink

 

Now that austerity will begin to ease i think the EU will pick up. Low oil prices should also help since Europe imports almost all its oil, its a big savings for the economy

 

That being said a lot of changes still need to be done in many Countries

 

France in particular worries me because they are the second largest Euro user and 3rd largest economy in EU after Germany and Britain and they seem to be going backwards instead of forward

 

Britain recently surpassed Frances economy not because Britain is booming but because France is stagnating

It's funny, because Italy and France went for more economic growth by investing more and cutting taxes, while the rest of Europe is doing much better now with all of its cuts.

Luckily unemployment isn't that huge in these two countries, they could get out of the crisis much easilier than Spain and Greece.

[Economy 52,844]

It's funny, because Italy and France went for more economic growth by investing more and cutting taxes, while the rest of Europe is doing much better now with all of its cuts.

Luckily unemployment isn't that huge in these two countries, they could get out of the crisis much easilier than Spain and Greece.

France just last year did some crazy tax of 75% for income over $1 Million

Their over-all taxes remain high, France is uncompetitive and they are missing their budget targets

And their socialist Government (im assuming Holland is still prime minister) has a hard time accepting changes to make France more competitive

This reminds me of Canada back in the 60s, 70s 80s and 90s when we were so socialist and uncompetitive and we even had a useless currency

Not impressed with France :coffee:

[Luc 4,776]

France just last year did some crazy tax of 75% for income over $1 Million

Their over-all taxes remain high, France is uncompetitive and they are missing their budget taxes

And their socialist Government (im assuming Holland is still prime minister) has a hard time accepting changes to make France more competitive

This reminds me of Canada back in the 60s, 70s 80s and 90s when we were so socialist and uncompetitive and we even had a useless currency

Not impressed with France

And now this terrorist attack will make it worse. Socialism > populism, imo.

 

the 75% tax for 1 million+ incomes isn't the reason for their slow economic progress tbh. It's the debt that isn't declining, the deflation, the increasing unemployment, etc.

 

France has no oil or gas, like Canada. They just gotta get out of their lazy asses and reform. The socialist investing-is-better-than-cutting didn't work. They'll need to reform instead of whining about others all the time.

[Luc 4,776]

http://greece.greekreporter.com/2015/01/04/new-opinion-poll-shows-greek-citizens-want-syriza-samaras-and-euro/

"Furthermore, 74.2% of Greeks answered “yes†or “probably yes†on whether Greece should stay in the Eurozone “at all costs.†This figure has increased significantly compared to the previous survey (May 2013) when it was moving at around 63.5%."

 

And yet the biggest anti-EU party (not even considering the communist and neo-nazi party) has more than 30% of the votes in the same poll. How can people be stupid enough to vote for SYRIZA if they want to stay in the EU?

[Economy 52,844]

And now this terrorist attack will make it worse. Socialism > populism, imo.

the 75% tax for 1 million+ incomes isn't the reason for their slow economic progress tbh. It's the debt that isn't declining, the deflation, the increasing unemployment, etc.

France has no oil or gas, like Canada. They just gotta get out of their lazy asses and reform. The socialist investing-is-better-than-cutting didn't work. They'll need to reform instead of whining about others all the time.

i didnt say that was the reason their economy faltered. Its just that u said theye lowered their taxes

And my point was that if they introduced that crazy 75% tax on income ober $1 million their views on taxes obviously need some major refinements on their tax views

PS: i meant to say France was missing their budget targets not taxes :rip:

[Woolfsmck 2,763]

So, Spain and Italy are okay....France is messed up. And Greece is a lost caause...?

[Woolfsmck 2,763]

i didnt say that was the reason their economy faltered. Its just that u said theye lowered their taxes

And my point was that if they introduced that crazy 75% tax on income ober $1 million their views on taxes obviously need some major refinements on their tax views

PS: i meant to say France was missing their budget targets not taxes

france regulation on new business and taxes on revenue make it a very unattractive investment objective for anyone ,,,, hence they aren't growing ...if not deflating from their own policies. Increasing taxes takes away private capital which is the core of any economic system.

[Economy 52,844]

france regulation on new business and taxes on revenue make it a very unattractive investment objective for anyone ,,,, hence they aren't growing ...if not deflating from their own policies. Increasing taxes takes away private capital which is the core of any economic system.

Yes

 

http://business.financialpost.com/2015/01/07/ontarios-magical-economy-isnt-working/

 

Ontario just dropped in competitiveness rankings relative to the rest of Canada because of over-regulation and higher taxes

 

And manufacturers dont like the 8% increase in hydro because of the green energy innitiative costs. I never would of guessed that

[Luc 4,776]

The Philippines could be the next tiger country tbh. They have a big population, low wages, but they're very close to China (they could potentially have a very big port), they have low wages and the low oil price is very beneficial for them. Now to improve infrastructure and be ablr to prevent damage from natural disasters and they could be the next tiger country.

France is doing bettrr than Italy and Spain, but their recent economic growth is just a little too low, seems like Hollande's 'we should invest instead of cut so we get more economic growth!' didn't work after all, the only thing they got from him is more taxes and a higher debt.

How is Le Pen's economic policy? And Sarkozy's?