Really? If all countries in the EU were as economically responsible as Germany, there would be no European crisis. There is a reason Germany is the one they are all begging for money.
Really? If all countries in the EU were as economically responsible as Germany, there would be no European crisis. There is a reason Germany is the one they are all begging for money.
Germany is the first country in Europe that get out of 2008 economic crisis. Ant they are "greenest" country in the Europe.
Really? If all countries in the EU were as economically responsible as Germany, there would be no European crisis. There is a reason Germany is the one they are all begging for money.
Really? If all countries in the EU were as economically responsible as Germany, there would be no European crisis. There is a reason Germany is the one they are all begging for money.
Yet when they had to, they went over the 3% debt limit.
Euro interest rates were kept low because Germany/France wanted them low,
when other countries wanted them raised.
Exactly, Brits are an odd bunch never understood why they habitually point fingers at others as shit like this happens.:
In short, the Bank of England instructed Barclay's to lie about their borrowing rate. Meaning, the lower the rate, the more you look stable to the outside world and your shareholders. They just straight-up lied to everyone.
This story is moving fast - The people responsible are being fired (aka resigning) and it looks like the serious fraud office are going to press charges.
There is a bit of a rebellion going on in the UK at the moment against this sort of thing.
We have had the attitude here that people in positions of power know best and they are only doing it for our own good, even if it looks bad at the time. That seems to be changing.
so if they didn't go over the 3% where would Italy and Spain be now?
If the interest rates had gone up the way should, Spain's biggest problem, 'property prices' wouldn't have happened. they should have been double what they were to slow the market.
That's the trouble with a set euro rate, but then the government should do what they do in hongkong and set a maximum % you are allowed to borrow against a property, a great way of cooling the property market.
If the interest rates had gone up the way should, Spain's biggest problem, 'property prices' wouldn't have happened. they should have been double what they were to slow the market.
That's the trouble with a set euro rate, but then the government should do what they do in hongkong and set a maximum % you are allowed to borrow against a property, a great way of cooling the property market.
I thought HK had the highest property prices in the world?
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