April 9 (Bloomberg) — James Galbraith, a professor аt thе University οf Texas, talks wіth Bloomberg’s Francine Lacqua аbουt hіѕ “bіggеѕt fеаr” fοr thе European economy. Galbraith, speaking іn Cambridge, England, аlѕο discusses US household debt аnd thе outlook fοr аn economic recovery. Copyright Bloomberg 2010 Greece greek default imf hedge funds pigs European union eu euro central bank financial crisis emf bailout loans Europe unemployment spain portugal italy Ireland deficit budget james galbraith g20 recovery υѕ household consumer debt economic collapse recession stimulus
@shaider77 LOL
@Hashishin13 freedom seem to be the problem, according to this elitist, slavery the solution. His advise is a fice year plan for us little tax slaves to follow. So the bailout backed speculation can continue. Work harder you stupid slave.
evil elitist: Dump the debt of the Greek rulers on the back of the tax slaves of Germany and France. “There seems to be no regulation”. What question is that? The slave’s lives are regulated to the hilt, the rulers regulate the complete product of my life and income.
And he ends up with a . . . . . . five year plan. No doubt made by wise men, for little tax slaves to follow. Like in the Sovjet Union. Great, thank you
@badsign1980 lol. . . i have a chinese made laptop too:)
stupid chinese laptop is fucked sorry for mistakes
dont need to be a genius to see that the countrys that are closer to the financial centre that is london and belgium germany are strong or old steelk producing countrys, and the countrys thatb are far geog. like mine ireland south italy, even north like iceland, countrys like norway and scandinavian arent because of oil, and also becuse they are connected to denamark and so to germany and auto industry
well dave. . . from canada. . . if usa sinks, so does canada, with its shitty goods witch are bought 90% by the usa. . . see were all connected there arent real boarders anymore just stronger parts with jobs and industry and worser ones. . . what the hell do you think canada is?
Nobody learned it’s lesson form the various defaults of Argentina.
Yea its the free market’s fault that government bankers printed to much fiat currency, sure that makes sense.
No-One give a shit of us (Ireland). Wait until the UK/US default then the shit hits the fan.
@407buddy Do you realize how fucking stupid you are?
@MercenarySlick Slick your becoming rather unbecoming, you’re either wacked or still have your head up your ass, either way your too pathetic to continue this conversation, have a nice life. . . Over and Out.
@407buddy You have no facts. You have zero evidence for your position, just some crazy conspiracy website and your own twisted opinions.
There is not a single metric by which the European Union could be considered to be outperforming the US economically. They have higher unemployment, higher external debt relative to GDP, and lower economic growth on average. The only country not in the shitter is Germany, and the reason for that is that US economic recovery means more German exports to USA.
@MercenarySlick No need to be derogatory chump, facts are facts, emotion don’t cut it. They have the “European way” just like we have the “American way”, so why the big deal,. . . eh. ! ps: the EU is the second largest net importer of US goods (Canada is first).
@407buddy You’re a dumb fucking cunt, you know that right? Typical Eurotrash.
Europe is doing worse than the US, in every single conceivable aspect. But Europeans are the most hypocritical people on the planet. You love pretending things are worse in the US because of your deep down jealousy of the US. You need to feel superior when you’re actually inferior in every way. You also need the US as a scapegoat so you can avoid dealing with your own problems and keep pride in your shithole.
@MercenarySlick Nope, the EU knows how to count and besides a lot more transparent and credible then the US Gov issued data/numbers.
@407buddy Wow you’re dumb. If that’s the case than Eurozone unemployment must be 30%.
@MercenarySlick Gov data numbers are cooked, not credible and not to be trusted. ShadowStats reports US unemployment hovering around 22%
@407buddy Shut the fuck up you ignorant little monkey.
US unemployment rate: 9. 6%
Euro area unemployment rate: 10. 1%
Europeans also are in deeper debt than the US.
External debt as % of GDP:
US: 98. 4%
Euro area average: 197. 5%
@MercenarySlick DO your homework and your facts straight before you comment cowboy.
@407buddy Brainwashed idiot, more people are unemployed in Europe. Europe is way, way worse off than the US in every single measurement of economic performance.
Is James a Protestant?
@younitehumanity The French and Germans have a competitive industrie. There is no creation of value in selling stocks, running CallCenter. . . Sometime somebody will also have to produce the goods which we need to the life. it is a fact that the dream of the service? society is fading away. Without a producing and? processing industry countries are not survivable.
@younitehumanity we’re living in crazy times
Before the EU came into effect. . . those countries used to print their own money and people were pretty well off compared today. Now the money printing has been “centralized”. This is all done by design folks. No country gives their power away unless they have something planned. Brace yourself for a world in Chaos. When people lose everything. . . they lose it. 3 Miles from where I lived a 19 y. o. kid got robbed and shot last Thursday by someone being desperate. More Killings are expected.