Nitey nitey Spainpain junkies
You cannot win this argument.
Certainly not on a serious level.....
the question of whether the Euro survives or not will not decided on a website!
The propaganda war being fought through the internet is of greater concern to me because most of the mainstream media have not yet realized that the debate is formulated HERE on websites like P.ie and no doubt other equivalents across the continent.
I like a good conspiracy theory like the next man but what is happeneing to the "discussion" is more interesting than the discussion itself.
Who controls the news?
BBC NEWS | Business | ECB moves to help banking sector
Of course the poison originates all around the world, particularly with the US subprime mortgage sector. But the ECB is the most guilty Central Bank of them all.
As I said before the Euro would work with a gold standard and no central bank propping up diseased banks and with free movement of capital but suitably thrifty and relatively scarce.
Derivatives would be contained within the realm they had been for the best part of 2,000 years, trading on futures with physical money.
I don't think discussion boards really set the agenda. They tend to follow events broken elsewhere, and are more for blowing off steam. To that extent it seems to me that they are largely negative.
I think Lisbon 2 demonstrated that. There was much heat on P.ie. But the Yes vote was resounding. And the ratification aftermath was further proof of the deep-rooted negativity at large on the forum. Every stroke of Vaclav Klaus's moustache had P.ie Eurosceptics in paroxysms in anticipation of a ratification failure that never came. I fear it's going to be the same with the Stability Treaty Referendum. And (dare I say it! ) with the stabilisation of the Eurozone!!
Fair and square, but its the broad brush strokes that the internet paints that I find interesting.
I don't pay a lot of attention to individual comments but I do tend to watch "trends".....
"Trending issues" influence people and that is becoming Internet (media) fact, I believe.
say it often enough and it becomes truth...(Goebbels, perhaps?)
this is probably not the forum for it but its an interesting enough phenomena to warrant further attention....
OK Doom Pornstars. This morning we had
EUR Italian Purchasing Manager Index Manufacturing (APR)
EUR French Purchasing Manager Index Manufacturing (APR F)
EUR German Unemployment Change (APR)
EUR German Purchasing Manager Index Manufacturing (APR F)
EUR German Unemployment Rate s.a. (APR)
EUR Euro-Zone Purchasing Manager Index Manufacturing (APR F)
EUR Italy Unemployment Rate (SA) [MAR P]
Not great news this morning.
Spain needs to restructure its debt now.
News HeadlinesSpain should be restructuring its debt right now, Matthew Lynn, founder of Strategy Economics, told CNBC's "European Closing Bell," suggesting a 50 percent haircut on Spanish sovereign debt holdings now in order to get the country back on track.
“The problem in Spain is that they’re just following exactly the same path as Greece – which is to insist on austerity; to make cuts; to push through structural reform, and hope that the structural reform comes through in time to generate enough growth to get the economy moving again,” Lynn said.
“But it didn’t work in Greece. It hasn’t worked in Ireland or Portugal. And it won’t work for Spain,” he added.
The trouble is that austerity measures destroy the ability to stabilize
Last edited by sport02; 2nd May 2012 at 10:13 AM.
And here's the Treble from the Irish Times with a rabbit punch from France as Spain enters "Depression"...
Italy's unemployment rate rose more than economists forecast in March to the highest point since 2000 as companies failed to hire amid signs of a deepening recession in the euro region's third-largest economy.
Italian unemployment at 12-year high - The Irish Times - Wed, May 02, 2012
Euro region manufacturing shrank for a ninth month in April, adding to signs an economic slump in the region is getting worse.
Euro region manufacturing slumps - The Irish Times - Wed, May 02, 2012
Annual profits at the UK parent of the Argos and Hombase chains fell by 60 per cent as consumer electronic and kitchen sales declined.
Profits at Argos down by 57% - The Irish Times - Wed, May 02, 2012
(Euro area: new high unemployment rate, at 10.9% in March)!!!