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I think there are various reasons for unemployment in the EU (might apply to the US and Japan as well):
automation and globalisation, TVs, computers and the like, none of this is manufactured anymore in the EU as far as I know.
rigid laws concerning dismissal protection plus high additional cost of work, it's easier in Germany to get divorced than to fire an employee in certain cases, don't know if this is sound
stagnant domestic demand, most people have everything they need
I think there are various reasons for unemployment in the EU (might apply to the US and Japan as well):
automation and globalisation, TVs, computers and the like, none of this is manufactured anymore in the EU as far as I know.
rigid laws concerning dismissal protection plus high additional cost of work, it's easier in Germany to get divorced than to fire an employee in certain cases, don't know if this is sound
stagnant domestic demand, most people have everything they need
Infact employment rate are much higher in every European country than in the USA...for every age group..
So your comment doesn t make sense at all...
Where's all the money coming from to make French workers so happy?
I've read that unemployment is high among the Muslims living in the housing projects.
Where's all the money coming from to make French workers so happy?
I've read that unemployment is high among the Muslims living in the housing projects.
Infact employment rate are much higher in every European country than in the USA...for every age group..
So your comment doesn t make sense at all...
What do you mean? I do not know the figures of the US but I have never claimed that they are higher than in the EU, the US has all that Google and Apple stuff that the EU does not have; none the less I wouldn't wonder if the US faces similar problems as the EU in general in terms of automation and jobs transferred to China or elsewhere.
Quote:
Originally Posted by J.Thomas
What
I thought Germans have flexible employment laws
A lot of regular staff has been substituted by leased laborers ("thanks" to the Social Democrats), they are easy to hire and fire but people who have been working in a company for a long time, are quite difficult to fire.
because of Germany and their racist gross austerity monetary policy
they don't want eurobond
they don't wanna print money and giving them to the poor to spend or buy houses, like Americans did
they wanna make banks loan only to people who doesn' need money
this tower of babel is tearin apart
That's the best answer so far.
Germans and some other surplus eurozone countries (netherlands? Finland?) seem to think it's a moral sin or somehing for any geographical entity to run a deficit and that eveyone should be in surplus. The question they will not answer is that for some entity to be in surplus, another must be in deficit and that entity should be supported in its ability to generate the wealth that will keep the core region of europe in surplus. People who oppose the 'transfer union', or the political rebalancing of surpluses rather than using the financial system to remediate them at interest, border on being at best unneighbourly and at worst, cruel.
Here in Canada - an outpost of anglo-saxon moralizing- all you hear is how the germans are working their fingers to the bone while the lazy layabout Greeks, Irish, Portuguese, and italians are a bunch of scroungers. Some of the comments I've read in the articles on the eurozone woes are as stupid as they are hilarious.
Europe over-all today is running a substantial deficit with the rest of the world of north of $350 billion US dollars, exporting unemployment and deflation because of this absurd idea. I recall reading many years ago of the system that John Maynard Keynes proposed at the end of the war to contain these ruinous excesses in either surplus or deficit by taxing them at the IMF level. Of course, the american guy nixed that proposal as he felt it preposterous that the then newly vanquished european powers should be given any say on how the US would dispose of its then substantial trade surplus. But keyne's concept was sound then and even more valid now in an era of low worldwide growth.
Most of the Latin Mediterranean countries are very unhappy as to what has happened to them with all the austerity measures. Their economies are in ruin. This ruin has been going on since the collapse of 2008 with no end in sight.
Eventually the EU will fold or weaken, thereby allowing each country the freedom to have their own currency and the freedom to trade with whomever they please. These countries will eventually will start leaning towards the east that is, more extensive economic ties with Russia and China.
Actually it is already beginning to happen. https://www.sott.net/article/320510-...-at-SPIEF-2016 China makes a big play to buy a strategic Greek port - Fortune
Germans and some other surplus eurozone countries (netherlands? Finland?) seem to think it's a moral sin or somehing for any geographical entity to run a deficit and that eveyone should be in surplus. The question they will not answer is that for some entity to be in surplus, another must be in deficit and that entity should be supported in its ability to generate the wealth that will keep the core region of europe in surplus. People who oppose the 'transfer union', or the political rebalancing of surpluses rather than using the financial system to remediate them at interest, border on being at best unneighbourly and at worst, cruel.
Don't forget that the Euro was forced upon the German people! It was France that demanded that Germany gives up the Deutsche Mark in order to accept the re-unification; without Euro, the southern countries (including) France would be better off. Why should the German people transfer money to the south (which they already do)?
Don't forget that the Euro was forced upon the German people! It was France that demanded that Germany gives up the Deutsche Mark in order to accept the re-unification; without Euro, the southern countries (including) France would be better off. Why should the German people transfer money to the south (which they already do)?
Uh, no they don't transfer money to the south.
And you're wrong Germany pressed France to Euro!
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