Originally posted by Agent_USA_Supporter
funny how the news media networks dont talk spain or italy? why just greece?

Because Italy and Spain's deficit/debt problems pale in comparison to the UK or Japan.. And networks only report what sells.. Why would they report problems in Italy and Spain when there are none?

Greece was being reprimanded big time because it lied about its deficits and debts to get into the EUROZONE in the first place..


You say that the EURO will still collapse..

I say the EU have just used this problem to implement more Top Down Federal Economic Governance on its States therefore taking more of our Sovereignty..


The deal to stabilize Greece was always going to be finalized.. Do you honestly think 16 of the worlds wealthiest countries in the worlds wealthiest economy in the worlds biggest single currency zone were going to let it collapse because of a country that makes up 2% of its GDP?

Or that it is going to allow Spain or Italy to damage it further by not forcing them to pull back their deficits by a mere 5% each?

While the markets may have caused issues with its value.. for Europeans, the EURO is better off low against the dollar in these times in order to stimulate growth..

Reality check here.. The EU is not actually in recession.. Not since October last year.. Only some areas are bad..

So Why Then Have an Global Meltdown subsection forum if you think that way?


You do know that GDP numbers can be manipulated dont you?


I guess if Eupore isnt in a recession then america isnt in a recession either.

Things in eupore wont be better, thing will get worse its fine if you dont believe me, i have seen the so far worse here in north america, funny how you claim eupore isnt in a recession.

You remind of those good news people but in reality only bad news will follow suit afterwords.

[edit on 26-3-2010 by Agent_USA_Supporter]

[edit on 26-3-2010 by Agent_USA_Supporter]

Originally posted by Agent_USA_Supporter
So Why Then Have an Global Meltdown subsection forum if you think that way?

The logic behind that statement is flawed on so many levels I can't even get my head around it lol..

We are still talking about why media isn't reporting Italy and Spain defaulting yea??

You do know that GDP numbers can be manipulated dont you?

Yes, the speculative financial markets do so all the time.. But the EUROZONE markets are a lot more regulated than the US ones.. Especially UBER-Controlling economies like France and Germany.. So it's harder for GDP growth figures to be manipulated..

Anyway.. i don't understand your point..? What are you trying to get at?

I guess if Eupore isnt in a recession then america isnt in a recession either.

Things in eupore wont be better, thing will get worse its fine if you dont believe me, i have seen the so far worse here in north america, funny how you claim eupore isnt in a recession.

I said the figures say so.. And they do. However, unemployment levels are still rising overall.. as in the US.

Of course things aren't great here, I'm the first person to admit it. I am currently in Ireland where its very tight at the moment..

But not great in relation to where? China? Where growth is explosive? The average person earns more in a month in Ireland than in a year in China... We live like Kings in comparison..

Japan? They have had a decade of stagnation, rising unemployment and poverty...

The US? While the US markets lost almost 25% of their wealth in the crash.. EU markets lost only 6%.. In relation to growth.. we're in the exact same boat except the US markets are freer which allows for quicker growth and bigger busts... So the US financial system will keep pulling profits but that will take a long time to trickle through..

The whole of the EU is under pressure and I know things will get tighter but that doesn't mean the whole thing will collapse.. Complex economies in Europe have been around for thousands of years and have never completely fell apart..

Why now? And why would EU states let the EURO collapse? Possible create a two tier EURO but collapse?? If the EURO collapses, it takes the EU with it and 21% of the Global market... That means, bye bye Global Economy..

Even the "New World Order" heads couldn't handle something that catastrophic.


[edit on 26/3/10 by Dermo]