Most the world’s substantial economic growth isn’t in Europe at all today. It’s in Asia. Parts of Europe will grow rapidly, like Poland, but other parts have been and remain stagnant. Their problems are structural in nature, and are not being dealt with neither fiscally or with social reforms. There is complacency with the status quo, and the high unemployment, low growth rates; modest gains in productivity etc. are no new phenomena to a nation like Germany which has been in this lingering stagnating rut for over a DECADE. (For example: http://www.spiegel.de/img/0,1020,498041,00.gif – not a good source but something I could find in a quick search)
In fact, the only thing that even drove their economy to this modest upward trend is a booming economy in the US, S. Korea, Japan, and Australia, where demand for German import products are high. God help them if this export bubble busts because their internal market is as broke as ever.
Let's think about this: as the German economy plummets and the French are not to far behind, the rest of the world hardly even takes notice anymore and keeps moving up. What does that tell you about their relative importance on the world stage economically?
All your major forecasts (guys that do this for a living) are at best indicating modest growth rates in Germany, France etc. You’re real growth in Europe is in places like Poland, Hungary, Czech Rep. In case this genius hasn’t noticed, 2% and less growth is hardly something amazing and that’s what they are proud of because at least it isn’t .2 like a few years past (with a decimal in front of the two).
Most the world’s substantial economic growth isn’t in Europe at all today. It’s in Asia. Parts of Europe will grow rapidly, like Poland, but other parts have been and remain stagnant. Their problems are structural in nature, and are not being dealt with neither fiscally or with social reforms. There is complacency with the status quo, and the high unemployment, low growth rates; modest gains in productivity etc. are no new phenomena to a nation like Germany which has been in this lingering stagnating rut for over a DECADE. (For example: http://www.spiegel.de/img/0,1020,498041,00.gif – not a good source but something I could find in a quick search)
In fact, the only thing that even drove their economy to this modest upward trend is a booming economy in the US, S. Korea, Japan, and Australia, where demand for German import products are high. God help them if this export bubble busts because their internal market is as broke as ever.
Let’s think about this: as the German economy plummets and the French are not to far behind, the rest of the world hardly even takes notice anymore and keeps moving up. What does that tell you about their relative importance on the world stage economically?
This guy is mumble jumbeling stuff together- France and Germany still have huge unemployment rates, and they’ve had them for a long time. Moreover, they are not going away. You’ve got to love idiots like this though. Let’s take the economic growth rate of Poland, the per capita income of Switzerland, the life expectancy of Norway, and what do you get? Utopia for the American socialist. That isn’t reality. Reality is that not only France has over 8% unemployment, so do Germany and Germany is 80 million people, the most populous in Europe: http://www.destatis.de/jetspeed/portal/cms/Sites/destatis/Internet/EN/Graphics/LabourMarket/Diagrams/ErwerbErwerbslos,templateId=renderPrint.psml
Whatever -
More MSM garbage for the masses.
