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The problem in the EU is not with socialism per se, it's just that several countries in the EU cannot produce enough to support their current living standards. The problem is compounded more by the fact their currencies are tied to what arguably is the most efficient and productive economy in the world, Germany.
Bernie Sanders is also listed on the right. And Sarah Palin is left of John McCain.
Uh huh.
Is Bernie Sanders calling for the government to control the means of production in the economy? Supporting social programs and regulations doesn't mean your on the left. Bernie Sanders is a moderate compared to an actual socialist.
The problem in the EU is not with socialism per se, it's just that several countries in the EU cannot produce enough to support their current living standards. The problem is compounded more by the fact their currencies are tied to what arguably is the most efficient and productive economy in the world, Germany.
Socialism is part of the problem.
The government is too big. The government is playing distributor instead of capitalism.
The problem in the EU is not with socialism per se, it's just that several countries in the EU cannot produce enough to support their current living standards. The problem is compounded more by the fact their currencies are tied to what arguably is the most efficient and productive economy in the world, Germany.
That has almost nothing to do with it. The problem is monetary union and each countries individual problem is that they no longer have control of their currency. Argentina was in way worse shape than Greece. They let their currency devalue and now they are doing much better.
The problem in the EU is not with socialism per se, it's just that several countries in the EU cannot produce enough to support their current living standards. The problem is compounded more by the fact their currencies are tied to what arguably is the most efficient and productive economy in the world, Germany.
Yes, this is a much better understanding of the issue. Pay attention "All American NYC"!
This is the first serious test for EU & Euro and it will be interesting to see how they resolve it. As far as I am aware Finland has been the only member country which has demanded and received collateral for the bail-out money they have handed out.
Never said they did. 16 do use it. Finland is one of them. Also note how I said 90%.
So, when you said "90% of EU is Euro", you meant that 90% of the members use Euro as their currency? OK. It sounded like you thought that EU and Euro are pretty much the same thing.
I have euros and I haven't traded them in yet. I think that whatever happens the Euro will continue to be more valuable than our currency and will increase in value once Europe stabilizes through austerity measures. That is, unless Europe decides to go back to the idiotic policy of spending its way out of debt.
I have euros and I haven't traded them in yet. I think that whatever happens the Euro will continue to be more valuable than our currency and will increase in value once Europe stabilizes through austerity measures. That is, unless Europe decides to go back to the idiotic policy of spending its way out of debt.
Angela Merkel will never let that happen.
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