Follow @PoliticsIE
 
 
 
Results 1 to 6 of 6

Thread: EU to Propose Fines for Uncompetitive Euro-Region Economies, Official Says

  1. #1
    Politics.ie Member richie268's Avatar
    Join Date
    Sep 2007
    Posts
    2,140
    Mentioned
    0 Post(s)

    Default EU to Propose Fines for Uncompetitive Euro-Region Economies, Official Says

    EU to Propose Fines for Uncompetitive Euro-Region Economies, Official Says
    It appears that there is no end to this and the likes of this undoubtedly affects markets and so on.

    EU to Propose Fines for Uncompetitive Euro-Region Economies, Official Says - Bloomberg.
    It is not the Irish media we need to fear.........

  2. #2
    Politics.ie Member
    Join Date
    Sep 2010
    Posts
    334
    Mentioned
    0 Post(s)

    Default

    This is the EU using the economic crisis to try to influence sovereign policy.

    This business of "sending the budget to the EU for approval" (as happened at the last budget) is pathetic and smacks of Brian Cowen unable to lead.

  3. #3
    Politics.ie Member The Field Marshal's Avatar
    Join Date
    Aug 2009
    Location
    The Imperial Throne
    Posts
    44,291
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by richie268 View Post
    EU to Propose Fines for Uncompetitive Euro-Region Economies, Official Says
    It appears that there is no end to this and the likes of this undoubtedly affects markets and so on.

    EU to Propose Fines for Uncompetitive Euro-Region Economies, Official Says - Bloomberg.
    It is not the Irish media we need to fear.........
    If Ireland wants to remain in the Eurozone she must back these proposals 100%.

    Since there is no choice its a done deal.

  4. #4
    Politics.ie Member The Field Marshal's Avatar
    Join Date
    Aug 2009
    Location
    The Imperial Throne
    Posts
    44,291
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by firefighter View Post
    This is the EU using the economic crisis to try to influence sovereign policy.

    This business of "sending the budget to the EU for approval" (as happened at the last budget) is pathetic and smacks of Brian Cowen unable to lead.
    All options re any national pollcy on the Euro or a national currency are now dead.

    Unless you propose we set up our own currency?

    Is this machine gun Endas next daft proposal?

  5. #5
    Politics.ie Member
    Join Date
    May 2010
    Posts
    318
    Mentioned
    0 Post(s)

    Default

    The large imbalances were caused by Germany holding down domestic wages and shunting the problems that caused onto other euro zone countries. They were not able to buy the currencies of these countries to give it an export advantage like they used to do with the deutschemark so they held wages down instead fuelling bubbles in the periphery.

    The idea to impose asymmetric sanctions on countries with excess private sector capital inflows is positively insane, if it is not accompanied by policies that also address the deep persistent current account surpluses, which have nothing to do with good policy. Germany wants all countries that use the euro to have a current account surplus, thatís insane and impossible unless we started to trade with Venus.

    Itís like California suing Kansas because Kansas runs a current account deficit with California i.e. imports more than it exports. I'd love to see the current account imbalances in the U.S. And besides itís another example of the fallacy of composition. Itís a beggar thy neighbour policy were nobody can get an advantage because there all doing the same thing the world over. It will result in higher unemployment, lower growth and lower profits; we tied ourselves to a corpse.

  6. #6
    Politics.ie Member The Field Marshal's Avatar
    Join Date
    Aug 2009
    Location
    The Imperial Throne
    Posts
    44,291
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by Sariel View Post
    The large imbalances were caused by Germany holding down domestic wages and shunting the problems that caused onto other euro zone countries. They were not able to buy the currencies of these countries to give it an export advantage like they used to do with the deutschemark so they held wages down instead fuelling bubbles in the periphery.

    The idea to impose asymmetric sanctions on countries with excess private sector capital inflows is positively insane, if it is not accompanied by policies that also address the deep persistent current account surpluses, which have nothing to do with good policy. Germany wants all countries that use the euro to have a current account surplus, that’s insane and impossible unless we started to trade with Venus.

    It’s like California suing Kansas because Kansas runs a current account deficit with California i.e. imports more than it exports. I'd love to see the current account imbalances in the U.S. And besides it’s another example of the fallacy of composition. It’s a beggar thy neighbour policy were nobody can get an advantage because there all doing the same thing the world over. It will result in higher unemployment, lower growth and lower profits; we tied ourselves to a corpse.
    If you believe the euro has corpsed please present your evidence immediately.

    Otherwise send all hands on deck at once to ensure Ireland remains on high alert to give unqualified support to the only organ pumping blood around Irelands wounded economy.

    ....
    Last edited by The Field Marshal; 28th September 2010 at 05:47 PM.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •