Seventeen nations have not slipped into 'recession'."Holly Cow Batman" Seventeen EU Nations slip back into recession.
Get ready boys and girl. Things are going to get a lot tougher in the good old USA.
The markets are quickly slipping down, down, down.
PROOF THaT AUSTERITY WORKS!!!!!!!!!!!!!!"Holly Cow Batman" Seventeen EU Nations slip back into recession.
Get ready boys and girl. Things are going to get a lot tougher in the good old USA.
The markets are quickly slipping down, down, down.
Bad news!!!!..."Holly Cow Batman" Seventeen EU Nations slip back into recession.
Get ready boys and girl. Things are going to get a lot tougher in the good old USA.
The markets are quickly slipping down, down, down.
The only "Austerity" is in Greece and Spain, which only make up 2 of the more than 20 EU countries. So its really not proof of anything, at all.PROOF THaT AUSTERITY WORKS!!!!!!!!!!!!!!
No it isn't.The EU isn't in recession just the majority of the countries that make up the EU.
Growth must be more than inflation if there is to be any actual real growth. Inflation is MUCH MUCH higher than .2%.
The EU is in recession, in fact it is just like the USA in that it has been in recession since 2007.
We have hardcore austerity AND we have growth too.The only "Austerity" is in Greece and Spain, which only make up 2 of the more than 20 EU countries. So its really not proof of anything, at all.
We have hardcore austerity AND we have growth too.
Cheesus clearly hasn't a clue about Europe, its pretty simple to see.
So we've GDP growth even tho we're cutting our deficit by 3% of GDP per year?Also tax receipts are ahead of target on the 5 main tax categories. Also over 80% of our national debt is because we bailed out our banks ourselves, with no assistance from the Eurozone. Our bond rates keep dropping and we've a positive outlook from two of the major ratings agencies. You once again prove you know NOTHING about economics.Ireland Economy 2012: Goodbody today published its Irish Economic Outlook for 2012, identifying six key issues to watch out for in the coming twelve months. The brokers expect GDP (gross domestic product) growth of 0.7% (previously 1.2%), but GNP (gross national product -- mainly excluding profits of the multinational sector) is expected to decline by 0.8% (previously +0.7%), while domestic demand will contract by 2.6%. It is estimated that the debt/GDP ratio will rise to 124% in 2014.
So we've GDP growth even tho we're cutting our deficit by 3% of GDP per year?Also tax receipts are ahead of target on the 5 main tax categories. Also over 80% of our national debt is because we bailed out our banks ourselves, with no assistance from the Eurozone. Our bond rates keep dropping and we've a positive outlook from two of the major ratings agencies. You once again prove you know NOTHING about economics.
We have hardcore austerity AND we have growth too.
Cheesus clearly hasn't a clue about Europe, its pretty simple to see.
Ireland Economy 2012: Goodbody
today published its Irish Economic Outlook for 2012, identifying six key issues
to watch out for in the coming twelve months. The brokers expect GDP (gross
domestic product) growth of 0.7% (previously 1.2%), but GNP (gross national
product -- mainly excluding profits of the multinational sector) is expected to
decline by 0.8% (previously +0.7%), while domestic demand will contract by 2.6%.
It is estimated that the debt/GDP ratio will rise to 124% in 2014.
Ireland's banking crisis took yet another turn for the worse Thursday.
The government said its latest effort to purge lenders that gorged themselves on inflated property loans during the bubble will set taxpayers back 24 billion euros ($34 billion).
The announcement by finance minister Michael Noonan brings the tab for public support of the country's banks to $99 billion. That's a staggering 40% of annual economic output. A comparable figure in the United States would run above $5 trillion.
That explains Noonan's comment Thursday that the previous government's September 2008 decision to stand behind the teetering Irish banks "will go down in history as the blackest day in Ireland since the Civil War broke out."
And you wonder why we got a bad credit rating?The State has pumped about 62 billion into the financial system since Irelands banking crisis began in 2008, the equivalent of about a quarter of the States gross domestic product last year.
According to the report, the fiscal cost (which includes bank recapitalisations and asset purchases) of Irelands banking crisis amounted to 41 per cent of GDP.
The authors said fiscal costs had reached such a high level in Ireland because of the relatively large size of the States banking system, which amounts to multiples of GDP.
The crisis, which is ongoing, has pushed Irelands debt up by 73 per cent of GDP, while the output loss amounts to 106 per cent of GDP.
Your ever increasing national debt and inflation say otherwise.Our economy is growing
Yours is stagnate and slipping backwards
stones
glass houses
Find out in the next couple of weeksYour ever increasing national debt and inflation say otherwise.
With such a large and varied economy you's should've stormed out of this recession, especially considering you have your own currency to play with.
So what's the plan? Another round of borrowing with like 0.2% budget cuts?
That's sustainable![]()
Eh, that's bullshit bro.Find out in the next couple of weeks
Hope for something good
We are probably propping up your welfare countries economy
Harrekin you're arguing with an idiot. The Obama nut huggers are like the rats to the pied piper. It doesn't matter that everyone in the world say Obama is an incompetent leader and we're about to nose dive off a fiscal cliff, they're all wrong! He's gonna save us!Eh, that's bullshit bro.
If anything the uncertainty from your country complete LACK of a plan is what's helping cause the shit-ripples over here.
Our economy is fundamentally sound and we've a HUGE trade surplus and won't have any deficit spending from 2015 on...
Yet the supposed largest and most powerful economy in the world will have to go back to the Chinese (again) to bail it out...we've gotten our shit together, now maybe you sort out yours?
Or you could just be happy with your Obamaphone and keep your head in the ground.
Let me put it this way for Cheesus...Harrekin you're arguing with an idiot. The Obama nut huggers are like the rats to the pied piper. It doesn't matter that everyone in the world say Obama is an incompetent leader and we're about to nose dive off a fiscal cliff, they're all wrong! He's gonna save us!
Obama has this in hand don't worry, we will cut 500 billion by spending 1.2 trillion.Let me put it this way for Cheesus...
If your household earns 20 grand in a year and spends 25, you'd have to reduce spending.
Anyone who thinks sticking it on the credit card, with no budget and just the hope that your bills will magically drop/pay will magically go up is retarded.
Yet he thinks my household, which had to pay off its son's debts (the banks) then reduced their deficit at a sustainable level over a number of weeks (years) till we get to a balanced budget is the stupid one.
Ask Germany how they just (easily) rode out the WHOLE recession, I bet youll find it wasn't deficit spending![]()