Since Germany Deutsche Bank holds most of the $300 billion debt. it will be in a horrible position if Greece exits. $300 billion in itself in not a crippling blow for EU, but combine that with possible Spain, Italy, and France balking on their debt obligations, you have a perfect storm for the collapse of the EU. In my opinion Germany has to make big debt restructuring move to enable Greece to remain in EU. Greece on the other hand does not have to give an inch when it comes to NO austerity. Perhaps Greece can contribute some bail-in measures to keep Germany happy. There, a done deal... that should hold the EU together for the time being. With China sell off, what happens now in Europe can make or break US economy. Remember the collapse can happen in a flash... ALL BANKS CLOSED UNTIL FURTHER NOTICE. What to be smart and take your money out of the bank and retirement funds while you still have the chance.
Topic: Europe in Crisis - page 9. (Read 9384 times)
Some countries as Portugal werent able to join euro ,since the debit of the country were above the rule they made to others countrys belong toUE.When euro arrived at Portugal removing the escudo,it were amazing and people havent the darkness of it,conversion rate were 1 euro 2xold coin.Soo what we were paying before we join were lets say a ruffles costing 100 escudos with euro we were paying 200 escudos,soo these double into prices just speed up the financial problems that the country are facing.
There is report of independent european economist saying if EU zone will continue his financial policy EU will crash in 2017
Today Carl Hainz Juncker said if Schengen will fail Euro will crash,like a answer is we have to stop defend Schengen we need to focus to defend Euro
Both Schengen zone and Euro are to biggest EU project,Euro cant exist without Schengen
EU is not able to deal with refugee crisis, Caltalonia independence,terrorism,Ukraine and Russia,Greece,Italy
so looks like some crash on horizon
Today Carl Hainz Juncker said if Schengen will fail Euro will crash,like a answer is we have to stop defend Schengen we need to focus to defend Euro
Both Schengen zone and Euro are to biggest EU project,Euro cant exist without Schengen
EU is not able to deal with refugee crisis, Caltalonia independence,terrorism,Ukraine and Russia,Greece,Italy
so looks like some crash on horizon
The EU has to thank the NATO and US for that mess I think. Also the entire global economic system is one big Ponzi scheme so what we can expect after Euro collapse. We're in the beginning of the overall world not just economic collapse. It`s what I read and watch almost everywhere, Ukraine, Greece, Turkey, Emirats... When I try to predict outcome of all that I get a headache. I dont know who is smart enough to predict what can happen in near or far future.
You are too pessimstic. The EURO project was and is very succesfull. The mistake they made was they wanted to expand too fast and too soon.
In a doom scenario we will see some (poor) south european countries and a north european alliance with France and the UK will be preserved.
Else, the politic expansion, which is just rubbish (WTF has Turkey to do in the EU?) will come to an hold.
In a best case scenario greece, cyprus etc will be forced to leave since they don't meet the economic criteria to be a member of the EU + this expansion of adding new countries will be stopped.
In my opinion this is all for the best.
Maybe I`m pessimistic, but I`m not selfish like u. Tell me by your opinion for WHOM ALL IS THAT BEST what u talking about? And I dont wish to comment how Romania, Poland and and some other countries deserved to get in EU, and some other european countries didn`t get in.
I only agree with WTF will Turkey do in EU, but that only show what Brisel is doing and how much they care about EU citizens. Croatia come in Eu, Bulgaria also... If u tell me that Kosovo and Albania need to get in before Serbia then u reall dont know what u are talking about.
The problem with the idea of the euro is it did not take into account the economic strength of the original currencies eg the deutshmark was stronger than the drachma. Different countries had different interest and exchange rates. Now they are all the same so the weaker countries are causing economic problems eg the Greek bailout will only pay back previous loan and they will need another bailout in future.
Everything is blown bigger than it actually is. But if you'd see the how many of them there actually are.
I don't really complain because I've personally never seen a refugee with my own eyes. Most likely because our nation isn't so polite with the refugees, meaning the social benefits aren't that great. But there are people who live in villages with 100+ population, and they want to place ten times as many refugees there, just because they have nowhere else to put them.
somewhat funny video about a villager trying to confront the Minister of Immigration in her own way. But in reality I get it why she is worrying that much to put on a show.
https://www.youtube.com/watch?v=xQWnhQ0Ksyo
Somewhat sadder video about the extent of this problem.
https://www.youtube.com/watch?v=44vzMNG2fZc
Like I've said, I have not personally seen a refugee with my own eyes. I don't have a problem with the refugees. But in 10-20 years time I guess I'm going to deal with immigrants on a daily basis.
I don't really complain because I've personally never seen a refugee with my own eyes. Most likely because our nation isn't so polite with the refugees, meaning the social benefits aren't that great. But there are people who live in villages with 100+ population, and they want to place ten times as many refugees there, just because they have nowhere else to put them.
somewhat funny video about a villager trying to confront the Minister of Immigration in her own way. But in reality I get it why she is worrying that much to put on a show.
https://www.youtube.com/watch?v=xQWnhQ0Ksyo
Somewhat sadder video about the extent of this problem.
https://www.youtube.com/watch?v=44vzMNG2fZc
Like I've said, I have not personally seen a refugee with my own eyes. I don't have a problem with the refugees. But in 10-20 years time I guess I'm going to deal with immigrants on a daily basis.
Well, USA and EU fucked up the entire region, now we see the consequences, mostly in Europe.
In WWII nobody wanted to receive Jews also and we all know how that went...
It will take a few decades to integrate the new workforce to our economy, if that happens at all. That's the biggest problem we face in the future. I'd like to think that the refugees don't just eat the nations social benefits and contribute just as much as the rest of us. I however fear that a lot of companies don't like the unskilled, uneducated people with a language barrier.
Everything is blown bigger than it actually is. But if you'd see the how many of them there actually are.
I don't really complain because I've personally never seen a refugee with my own eyes. Most likely because our nation isn't so polite with the refugees, meaning the social benefits aren't that great. But there are people who live in villages with 100+ population, and they want to place ten times as many refugees there, just because they have nowhere else to put them.
somewhat funny video about a villager trying to confront the Minister of Immigration in her own way. But in reality I get it why she is worrying that much to put on a show.
https://www.youtube.com/watch?v=xQWnhQ0Ksyo
Somewhat sadder video about the extent of this problem.
https://www.youtube.com/watch?v=44vzMNG2fZc
Like I've said, I have not personally seen a refugee with my own eyes. I don't have a problem with the refugees. But in 10-20 years time I guess I'm going to deal with immigrants on a daily basis.
I don't really complain because I've personally never seen a refugee with my own eyes. Most likely because our nation isn't so polite with the refugees, meaning the social benefits aren't that great. But there are people who live in villages with 100+ population, and they want to place ten times as many refugees there, just because they have nowhere else to put them.
somewhat funny video about a villager trying to confront the Minister of Immigration in her own way. But in reality I get it why she is worrying that much to put on a show.
https://www.youtube.com/watch?v=xQWnhQ0Ksyo
Somewhat sadder video about the extent of this problem.
https://www.youtube.com/watch?v=44vzMNG2fZc
Like I've said, I have not personally seen a refugee with my own eyes. I don't have a problem with the refugees. But in 10-20 years time I guess I'm going to deal with immigrants on a daily basis.
Well, USA and EU fucked up the entire region, now we see the consequences, mostly in Europe.
In WWII nobody wanted to receive Jews also and we all know how that went...
it may be only temporary, it may be influenced by several factors, the increase in unemployment or too many dollars spread so make terjadiya economic crisis in Europe, or maybe the problems of other countries
I don't think EU will crash. Does EU have many problems, yes it does. But which big country doesn't have them, the whole world is pretty much in crisis! US, China, Brazil, Russia, etc, all of these countries have huge problems just like EU does.
EU has made a mistake that it was growing to fast and countries were accepted that were never ready for EU! EU can maybe shrink to the 8-9 biggest and stronger members, but it will not collapse completely!
EU has made a mistake that it was growing to fast and countries were accepted that were never ready for EU! EU can maybe shrink to the 8-9 biggest and stronger members, but it will not collapse completely!
Europe is not a country, they made the euro so they could be a union. One of the biggest problems that they have is Greece, that country alone puts the Euro in a lot of debt and problems for every single country in the EU
Greece is not the only one. Portugal, Italy, Ireland and Spain are in a very bad shape. That's why if the things really end up going south, I think that one of the solutions would be to keep the biggest economic power countries in the EU while the others would drop out of the union.
Second solution is that everything falls apart. I don't really see the third one!
Was there ever a time when there was no 'crisis'?
I don't really complain because I've personally never seen a refugee with my own eyes. Most likely because our nation isn't so polite with the refugees, meaning the social benefits aren't that great. But there are people who live in villages with 100+ population, and they want to place ten times as many refugees there, just because they have nowhere else to put them.
somewhat funny video about a villager trying to confront the Minister of Immigration in her own way. But in reality I get it why she is worrying that much to put on a show.
https://www.youtube.com/watch?v=xQWnhQ0Ksyo
Somewhat sadder video about the extent of this problem.
https://www.youtube.com/watch?v=44vzMNG2fZc
Like I've said, I have not personally seen a refugee with my own eyes. I don't have a problem with the refugees. But in 10-20 years time I guess I'm going to deal with immigrants on a daily basis.
I don't think EU will crash. Does EU have many problems, yes it does. But which big country doesn't have them, the whole world is pretty much in crisis! US, China, Brazil, Russia, etc, all of these countries have huge problems just like EU does.
EU has made a mistake that it was growing to fast and countries were accepted that were never ready for EU! EU can maybe shrink to the 8-9 biggest and stronger members, but it will not collapse completely!
EU has made a mistake that it was growing to fast and countries were accepted that were never ready for EU! EU can maybe shrink to the 8-9 biggest and stronger members, but it will not collapse completely!
Europe is not a country, they made the euro so they could be a union. One of the biggest problems that they have is Greece, that country alone puts the Euro in a lot of debt and problems for every single country in the EU
Greece is not the only one. Portugal, Italy, Ireland and Spain are in a very bad shape. That's why if the things really end up going south, I think that one of the solutions would be to keep the biggest economic power countries in the EU while the others would drop out of the union.
Second solution is that everything falls apart. I don't really see the third one!
Was there ever a time when there was no 'crisis'?
Maybe now Europa is in crisis, but I bet over a few years than the economy will be good like other years.
As long Bitcoin is increasing I don't mind.
As long Bitcoin is increasing I don't mind.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
im sure if europe really in crisis, they will exchange their euro to bitcoin and make bitcoin price go up like greek do,it have both positive and negative side, but besides it i hope it won't happen
Lol if only it was that easy. A lot of countries would have to adapt into this. It's suprising when you find out how many people don't even know what bitcoin is.
If they talk about crisis and thought it will be a crash in the price of something, that would never happen when Euro can be printed at will to support the price of anything, like what happened in US, you just need to print 5x more money to deal with a large sell-off of house
So, as long as people believe in Euro's value, there will be no crash of anything's price.
However, a crash might come from the value of Euro itself, e.g. everything's price goes up 10 times every month, but that will be triggered by a confidence collapse of Euro, which most of the european people regard as the most trustworthy currency, so it will not happen in near future. Just look at Greece, they even sacrifice freedom and take strict austerity measure to make sure they can borrow Euro, so in their eyes Euro is the king, and this king can be created at will by ECB
What might trigger the people's confidence collapse of Euro or Dollar might be a stronger competing currency like bitcoin, so I guess FED/ECB will try hard to keep bitcoin as an investment vehicle, not widely used currency, similar to what China is doing right now
So, as long as people believe in Euro's value, there will be no crash of anything's price.
However, a crash might come from the value of Euro itself, e.g. everything's price goes up 10 times every month, but that will be triggered by a confidence collapse of Euro, which most of the european people regard as the most trustworthy currency, so it will not happen in near future. Just look at Greece, they even sacrifice freedom and take strict austerity measure to make sure they can borrow Euro, so in their eyes Euro is the king, and this king can be created at will by ECB
What might trigger the people's confidence collapse of Euro or Dollar might be a stronger competing currency like bitcoin, so I guess FED/ECB will try hard to keep bitcoin as an investment vehicle, not widely used currency, similar to what China is doing right now
I don't think EU will crash. Does EU have many problems, yes it does. But which big country doesn't have them, the whole world is pretty much in crisis! US, China, Brazil, Russia, etc, all of these countries have huge problems just like EU does.
EU has made a mistake that it was growing to fast and countries were accepted that were never ready for EU! EU can maybe shrink to the 8-9 biggest and stronger members, but it will not collapse completely!
EU has made a mistake that it was growing to fast and countries were accepted that were never ready for EU! EU can maybe shrink to the 8-9 biggest and stronger members, but it will not collapse completely!
Europe is not a country, they made the euro so they could be a union. One of the biggest problems that they have is Greece, that country alone puts the Euro in a lot of debt and problems for every single country in the EU
Greece is not the only one. Portugal, Italy, Ireland and Spain are in a very bad shape. That's why if the things really end up going south, I think that one of the solutions would be to keep the biggest economic power countries in the EU while the others would drop out of the union.
Second solution is that everything falls apart. I don't really see the third one!
EU reaches $3bn deal with Turkey to curb refugee crisis
Just another way in which the EU is going down the wrong track. Seems like a desperate political move from an unelected commission trying to solve the refugee problem. Not sure how they think they can combat it better by opening up the borders to more people?
EU reaches $3bn deal with Turkey to curb refugee crisis
Ankara promised cash and closer ties with EU in return for handling the flow of refugees into Europe on its territory.
http://www.aljazeera.com/news/2015/11/eu-seeks-deal-turkey-curb-refugee-crisis-151129152134803.html
what do you think about this friend ?
Ankara promised cash and closer ties with EU in return for handling the flow of refugees into Europe on its territory.
http://www.aljazeera.com/news/2015/11/eu-seeks-deal-turkey-curb-refugee-crisis-151129152134803.html
what do you think about this friend ?
More austerity, more selling off of countries' properties to global cartels ... I think there is still a long ways to go until we see a full-on collapse of Europe. It seems to be done in stages, stripping one country at a time of it's independence.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
im sure if europe really in crisis, they will exchange their euro to bitcoin and make bitcoin price go up like greek do,it have both positive and negative side, but besides it i hope it won't happen
im sure if europe really in crisis, they will exchange their euro to bitcoin and make bitcoin price go up like greek do,it have both positive and negative side, but besides it i hope it won't happen
Lol if only it was that easy. A lot of countries would have to adapt into this. It's suprising when you find out how many people don't even know what bitcoin is.
I don't think EU will crash. Does EU have many problems, yes it does. But which big country doesn't have them, the whole world is pretty much in crisis! US, China, Brazil, Russia, etc, all of these countries have huge problems just like EU does.
EU has made a mistake that it was growing to fast and countries were accepted that were never ready for EU! EU can maybe shrink to the 8-9 biggest and stronger members, but it will not collapse completely!
EU has made a mistake that it was growing to fast and countries were accepted that were never ready for EU! EU can maybe shrink to the 8-9 biggest and stronger members, but it will not collapse completely!
Europe is not a country, they made the euro so they could be a union. One of the biggest problems that they have is Greece, that country alone puts the Euro in a lot of debt and problems for every single country in the EU
The EU kept a lot of these smaller countries from collapse for years now and the stronger nations are carrying the smaller ones. The immigrants is just a small bump in the road, and with or without them, terrorism will still have existed.
One thing is certain, the current economic system will not be able to drag these smaller countries forever and they will eventually fall. ^hmf^
They might even drag these bigger countries down, when they do. As we have seen with the bailouts being given to Greece, even though they know the inevitable will happen in the future.
One thing is certain, the current economic system will not be able to drag these smaller countries forever and they will eventually fall. ^hmf^
They might even drag these bigger countries down, when they do. As we have seen with the bailouts being given to Greece, even though they know the inevitable will happen in the future.
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