Man, this thread is like that one alley in your town you ALWAYS try to stay away from.
Man, this thread is like that one alley in your town you ALWAYS try to stay away from.
Oh, you mean young people between 15-24 years old? Do you realize that they count people in schools as well when they do these statistics? That means that a 17-year old boy studying in high school is considered "unemployed". These youth unemployment rates are absolutely horrid and paints a darker picture than it actually is.
It's such a simple yes or no question. So what, you can't find a job as a CS engineer? How the fuck do you succeed with that?Also my personal life is non of your business.
She tried to put pressure on Berlusconi to leave office by witholding IMF aid from Italy and she refused to introduce Euro zone bonds that would have calmed the Markets in 2011.
This lead to record high unemployment and recession in Southern Europe. She is a power hungry politician who screwed over most of Europe to save German banks.
Berlusconi leaving his office is a positive thing for me. He should stay in the retirement home he works at.
Can you blame Merkel for enforcing her and Germany's interests? Die Linke says it: Deutschland ist nicht das Sozialamt Europas.
She didn't screw over South European economies, it's not her fault, no matter how often you accuse her of it.
http://www.bbc.com/news/business-16290598
The Euro was flawed from the start. It created a self inflating bubble that bursted in 2008. Germany is as much to blame as Spain and Italy, but only the south had to pay the price.So what really caused the crisis?There was a big build-up of debts in Spain and Italy before 2008, but it had nothing to do with governments. Instead it was the private sector - companies and mortgage borrowers - who were taking out loans. Interest rates had fallen to unprecedented lows in southern European countries when they joined the euro. And that encouraged a debt-fuelled boom.
Good news for Germany...All that debt helped finance more and more imports by Spain, Italy and even France. Meanwhile, Germany became an export power-house after the eurozone was set up in 1999, selling far more to the rest of the world (including southern Europeans) than it was buying as imports. That meant Germany was earning a lot of surplus cash on its exports. And guess what - most of that cash ended up being lent to southern Europe.
...bad news for southern EuropeBut debts are only part of the problem in Italy and Spain. During the boom years, wages rose and rose in the south (and in France). But German unions agreed to hold their wages steady. So Italian and Spanish workers now face a huge competitive price disadvantage. Indeed, this loss of competitiveness is the main reason why southern Europeans have been finding it so much harder to export than Germany.
That's nothing new, there is a nice series about it from BBC Television (so not really biased). Conclusion was that the northern EU countries profited more from the EU than the southern ones. Especially Germany is profiting most. Will try to find the BBC series about it.
Again:
Bad economic policies on southern Europe's part... and it hasn't even anything to do with the euro, the southern economies would've slided into a crisis anyhow. Not just because of poor economic policies, but because of the 2008 crisis. German's lendings has made the impact of those poor economic decisions less hurtful....bad news for southern EuropeBut debts are only part of the problem in Italy and Spain. During the boom years, wages rose and rose in the south (and in France). But German unions agreed to hold their wages steady. So Italian and Spanish workers now face a huge competitive price disadvantage. Indeed, this loss of competitiveness is the main reason why southern Europeans have been finding it so much harder to export than Germany.