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Thread: EU Parliament Declares Pensions Unsustainable (Excluding Themselves of Course)

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    Default EU Parliament Declares Pensions Unsustainable (Excluding Themselves of Course)

    EU Parliament Declares Pensions Unsustainable (Excluding Themselves of Course)

    Ageing Europe warned of 'unsustainable' pensions
    http://news.bbc.co.uk/2/hi/europe/10545280.stm

    "the steep rise in old-age dependency ratios could be largely avoided if people would work longer"

    "considerable barriers to cross-border activity" in the area of pensions. Discriminatory tax rules are among the obstacles that many pensioners face when they move to another EU country

    -----------------------------------------------------------------------------

    I would imagine that a lot of people reading this have been dreaming of early-retirement... finally packing in that dreary job at maybe age 60, or 65. Maybe buying a little cottage in the French countryside and making the most of those golden years...

    Well think again!

    And of course we can safely presume that EU bureaucrats will make sure they retire... pretty much whenever they bloody well please!

    Vote yes for jobs!
    Vote yes for the economy!
    [couldn't resist]

    Meanwhile, trends forecaster Gerald Celente is predicting that the Eurozone will self destruct within the next few years...

    [ame=http://www.youtube.com/watch?v=L1H2TUiuCuc]YouTube - Gerald Celente: We're Going into The Greatest Depression and WW 3 - Alex Jones Tv 1/2[/ame]

    [ame=http://www.youtube.com/watch?v=GbxxwnT1JHc]YouTube - Gerald Celente: We're Going into The Greatest Depression and WW 3 - Alex Jones Tv 2/2[/ame]
    'Climate-Gate' Scandal Should Be Wake-Up Call For Press, Politicians http://www.investors.com/NewsAndAnal...aspx?id=513542

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    Politics.ie Member The Caped Cod's Avatar
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    I'm sure it has nothing to do with individual countries raiding their pensions schemes to bailout dodgy banks. And no doubt too, all pension contributions would be reimboursed....
    "Authority that cannot be questioned is tyranny and I will not accept tyranny, any tyranny, even that of heaven."
    - Terry Pratchett

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    Quote Originally Posted by Mouroux View Post
    EU Parliament Declares Pensions Unsustainable (Excluding Themselves of Course)

    Ageing Europe warned of 'unsustainable' pensions
    BBC News - Ageing Europe warned of 'unsustainable' pensions
    Did you actually read the news report you quote?

    It doesn't mention the European Parliament at all, much less "Excluding Themselves of Course".

    A basic literacy test for posters on this site would be really welcome.

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    Saw the " phasing out " of pensions coming ten years ago.Hence I no longer have one.Hence I have a lot more cash to spend on other needed things in the here n now.It's no surprise that in the US 401ks wil now likely be force-directed to invest in failing banks. Bye Bye savings.

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    Quote Originally Posted by Passer-by View Post
    Did you actually read the news report you quote?

    It doesn't mention the European Parliament at all, much less "Excluding Themselves of Course".

    A basic literacy test for posters on this site would be really welcome.
    You're correct of course... I should have said 'EU bureaucrats' instead of 'EU Parliament'. I have a tiny suspicion however, that one scratches the others back and vice versa... :mrgreen:
    'Climate-Gate' Scandal Should Be Wake-Up Call For Press, Politicians http://www.investors.com/NewsAndAnal...aspx?id=513542

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    Politics.ie Member WTTR's Avatar
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    Loaded too early
    No warning can save a people determined to grow suddenly rich. - Lord Overstone.
    Hadn't met any Irish people that were afraid of anything - Christine Lagarde. 2008.

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    Politics.ie Member WTTR's Avatar
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    Red face NO EXPLOSIAN, NO NEWS or no care!

    Some people realised that youthful Ireland could be in danger, especially at a period when we were having greater co-operation with an ageing EU. Every effort that a concerned citizen could make to light a lamp to warn our bankers, politicians, public administrators to highlight the storm that we were headed into, especially from the erroneous and miscalculated goal of loading our youth with ever increasing mortgages, was made.

    This was penned in the aftermath of 9/11
    MAYO LESSONS FOR IRELAND, EU 15 COUNTRIES AND THE WESTERN WORLD.

    The people who compose statistics must be some of the most confused individuals in existence today. Imagine the gatherer of the following:

    ---------------------------------1964------------------------1998

    Total Population EU--------325,958,742--------------374,582,945

    Total Births EU----------------6,247,832-----------------3,999,557

    There were 56% more births throughout Europe in 1964 than in 1998. When you realise that immigrants usually have more children than the local population, one can be forgiven that there must be something wrong with the social/economic policies pursued by European Governments! Europe is increasingly an old society and it is getting much more evident. People who put their faith on the long term European Economy and the EURO are living in the clouds! There are few signs emanating from Europe that any other policy other than monetary (completely useless) to reverse this downward trend is even being considered. This increasingly unbalanced society will pull down any robust small society that comes under its influence!

    Imagine furnishing these statistics to European Governments and then witnessing the frightening spectacle of nothing being done about it, and worse still, International broadsheets/newspapers/TV Channels, not having the remotest interest. NO EXPLOSIAN, NO NEWS or no care!

    Early European Thought
    The social group was seen by its members as an intergenerational affair, with the family and the ancestors playing an important role in the self-concept of the individual in most early European societies, as in virtually all early societies that achieved an advanced culture. Life does not begin, nor does it end, with the individual.

    Fustel de Coulanges in 1864 in his classic study of ancient Greek and Roman culture............. etc taken from the editorial Mayo Association Yearbook 2002
    In fact, a year earlier the editor tried to put numbers and expenditure on the woeful demographic figures. The country was swarming with economists, accountants, bankers, people that would understand these figures
    EC-------------------------EURO value will continue to fall!!!!!!
    Fall in Birth rate per annum since 1965 (Eurostat)--------------2m

    Average per annum over past 35 years--------------------------1m

    Total fall in indigenous numbers ---------------------------------35m

    Consumer spend per person per annum---------------------£10,000

    Total yearly drop in Consumer Spend £350b rising to £700b

    In addition to funding for a much greater number of pensioners.

    = A COMPLETE MONETARY/SOCIAL DISASTER!!!!!!!!!!!!!!!!!!!!
    Figures taken from the Mayo Association Yearbook 2001
    These figures at the time was sent to all politicians, scores of financial institutions, economic departments of 3rd Level Colleges, headquarters of political parties both North and South of the border, relevant government departments. Also with these warnings was the following calling card Paul Henry - The Watcher | Pictures from Achill 24/7, to further hammer in the urgency for a national rethink on the direction we were headed.

    Does anybody think that our Educational System needs an almighty over haul? I guess the writer that pointed out that the King (the great EU project) was not wearing any clothes as above, would expect to be stared back with the customary "are you stark raving mad?" expression in retort to this question.
    Last edited by WTTR; 5th December 2011 at 04:52 PM.
    No warning can save a people determined to grow suddenly rich. - Lord Overstone.
    Hadn't met any Irish people that were afraid of anything - Christine Lagarde. 2008.

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    Politics.ie Member DeGaulle 2.0's Avatar
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    I don't understand the Mayo reference - is it the collapse in the population of Mayo from 388,000 (1841 census) to 123,000 (current population) that is being referred to?
    Vive le Québec libre ! Ag beathú na dtochardán ón mbliain 2007.

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    And the same concerned guardians of europe held on to their duty free entitlements as I recall .
    Its only a chat, we ain't the world council.

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    Politics.ie Member WTTR's Avatar
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    Quote Originally Posted by DeGaulle 2.0 View Post
    I don't understand the Mayo reference - is it the collapse in the population of Mayo from 388,000 (1841 census) to 123,000 (current population) that is being referred to?
    Hi! Yes! the above was mentioned. But here are a few quotes from the Mayo Association Yearbook 2002 which might be more relevant to your question.

    He pointed out that it was the idea of common descent from the same ancestral forebears the idea of belonging to a specific community of families, and of sharing the same, hopefully eternal, thread of life that held the freemen of the Greek city-state together. As long as the lineage survived, the ancestors lived on in the minds and bodies of their descendants; death was only final when the entire nation was eliminated.

    It has to be said that society, as we know it, is in almost unstoppable decline; we are on the verge of losing our culture, beliefs all in the name of individualism as opposed to what is best for the community. European culture is being erased from existence. The stage is fast approaching when the decline will be accelerated as a result of the aging of the community and its following weakness in defending itself from more youthful neighbours. Similar to County Mayo during the Twentieth Century, Europe will suffer from the loss of its young men and women. This loss will not come from emigration, as in County Mayo’s case, but from the fact that they were never born!
    And

    Co Mayo left without young political clout!
    Now, the above situation is well known to readers of previous Mayo Association Yearbooks. In order to advance our thoughts, it might be prudent to contrast the success of Mayo people when they went abroad with the poor record of the home county in attracting investment throughout the 20th Century. Why was it that some of the moneys that were sent as emigrant’s remittances and non-resident savings to bank branches in Mayo could not be utilised to advance the standard of living for those left at home? Why was it that other regions of Ireland got preferential recognition from the powers that be in Leinster House? To this day, Mayo banks are net deposit takers! The irony here is that not even money talks when it comes to dealings with Mayo.

    This evolving situation can’t have been a deliberate policy by the occupants of Leinster House. It is said that emigration sucked out a greater share of the young achievers, go-getters from Co Mayo and left too few shrewd political minds at home. This is not right and is a gross over simplification of the situation. There was no pressing need to keep a young workforce in jobs and no need for follow-on investment by Leinster House. The people left behind were more proportionately made up of dependants, young children and old. These would be less likely to protest and most easily placated by a small grant for some local social amenity, school, dole, pension entitlements etc., rather than capital assistance for the encouragement of investment and enterprise. This could be borne out by the fact that today Mayo has the least developed infrastructure of any area in Ireland. The electricity; road access; unutilised airport facilities (we have the farcical situation that Mayo emigrants and tourists contribute greatly to the pile up on the M50, the circle line round Dublin, on their way to and from Dublin Airport); harbours are all below par for the country as a whole.

    The bald fact is that Co Mayo did not have the political clout that an electorate of young men and women would give it in getting parity of treatment throughout the 20th Century from Leinster House.
    And now, our well educated political and government administrative apparatus is allowing our youth to yet again emigrate in their tens of thousands; and in the meantime we have accumulated massive debt.

    A dog does not hoard sausage.

    Going into debt is fun at the beginning. The fun stops when one sits atop the debt and must pay the interest. In the past, the topic could be pushed aside by pointing to the wealthy future generations. But this is no longer an option. Firstly, since 1995 Germany is the country with the lowest growth rate anywhere. Where then is the future wealth to come from? Secondly, the future generations are shrinking due to the Germans’ low birth rates. There is probably no country in the world in which the number of births relative to the population is as low as in Germany. The baby-boomers that were born in 1964 are now forty years old. Not many people are coming after them. Even the age cohort of the thirty-year olds is 40% smaller, and the following age cohorts will continue to shrink. No, the idea that future generations will help us out of the mess is ridiculous. We ourselves are the “wealthy future generations” of whom the politicians of the past were speaking. It is us who will have to pay the bill.

    Interest on the public debt amounts to more than 68 billion euro this year, although interest rates are as low today as never before. When interest rates normalise again, the interest burden will rise by half and exceed 100 billion euro. Even today, the interest burden is higher than the net borrowing of 65 billion euro permitted by the Stability and Growth Pact.

    Hans-Werner Sinn
    Professor of Economics and Public Finance
    President of the Ifo Institute http://www.johnfhiggins.eu/Shrinking%20Europe.html
    What we are doing now is to look for somebody to blame; that is the continuance of our barbaric way. We must have a scapegoat! This whole upheaval is against the tenets of an educated civilised people; a repulse of the advantages of studying history; a complete disregard for the professional principles that underline banking, auditing, politics, economics; a complete lack of respect for our young generation in landing the ones that will now stay at home with the burden of repayments on massive mortgages and State Debt.

    What subject is given little interest and is the least taught in our schools; and if one professes an acknowledgement of it: he/she is barred from taking up public positions in this great European Union of ours; and has frightened the majority of our public representatives from standing up and defending its doctrine etc? Hint - why was the Italian Buttiglione nominated by his country to be an EU Commissioner, but rejected by the European parliament? http://www.politics.ie/foreign-affai...ml#post2629090
    Last edited by WTTR; 9th July 2010 at 05:23 PM.
    No warning can save a people determined to grow suddenly rich. - Lord Overstone.
    Hadn't met any Irish people that were afraid of anything - Christine Lagarde. 2008.

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