Austerity is a dirty word in Europe but what next?

May 7, 2012 Full story: Boston Herald 14

The day after Francois Hollande rode to power in France on a slogan of "change now" the conversation in Europe is already different: Austerity has become a dirty word.

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“It's Time to Defeat Terrorism ”

Since: May 11

NYC

#1 May 7, 2012
While Obama continues to spend borrowed money from China like a drunken sailor in the bars of the White House and showing to the world that he cannot care less about tomorrow for the American people and their young generation, his best supporter in spreading money Sarkozy was booted out . France is divided and elected new president Hollande who will not follow Sarkozy going blind after Obama’s disastrous doctrine that pushed Mozlem brothers’ expansion in the world. Sarkozy was the puppet of Obama who pushed the world to New World Order, which proved to be its worst economical crisis in the recent century. Aiming at support Obama doctrine against Israel, Sarkozy proved his hatred to Israel and love for the Iranian regime and his terrorist organizations when he talked about PM Netanyahu whom he called liar. Sarkozy could not stand PM Netanyahu because of Israel demanded the right to defend the Jews from new holocaust by the Iranian regime that Obama and Sarkozy allowed to rush to the nukes. Obama pushed America to its worst economy and Sarkozy pushed France to its worst recession that threatens the stability of the European Union that is collapsing. Sarkozy went blind after Obama in his aircraft attack on the Libyan people, destroying Libya and killing more than 50,000 Libyans only to follow the new world order of Obama that used the UN to attack a sovereign country with lies and deceit. Sarkozy failed to stop the violence of the Mozlem Brothers of France and the strengthening of the Hamas and al Qaida terrorist organizations that attacked the Jews in France. Good riddance Sarkozy!
Robert

Hollywood, FL

#2 May 7, 2012
Yea lets see how that works for them, they borrowed to much and their economy slowed down and would not grow. They get put on a budget and revolted at it, did not like having to live within its means and pay back the money they borrowed. So now they throw the politicians out who allowed such a thing, just wait till the new guy gets in and sees the checkbook.

What can a politician give a people who are shouting we want growth, we want growth.

The Greeks, well they were enabled. If you look at the Greeks they have a history of overspending then defaulting on debt and starting all over. What fools the Europeans were to ever let them in on the Euro. They did it to themselves, they had a plan where they got bailed out but they had to cut back on spending and pay things back over three years. They could not take it, the belt tightening. So they threw out the politicians who gave them the plan, what you can't get through their thick skulls is that what they risk now is instead of going through this over 3 years when they default they will go through the same amount of pain in three weeks.

Why do they do this, because every time they defaulted we and others forgave their debt so they could get back on their feet. Then they just use that chance to do it all over again. What needs to happen is when they default this time the rest of the world needs to say it sucks to be you and walk away. What ever comes out of that will be able to stand on its own two feet.
harvey

Columbus, OH

#3 May 7, 2012
Austerity was what elected Hollande and what's thrown Greece into confusion politically. It's been unpopular for quite some time now, actually, and with good reason.

It doesn't work, and takes the burden of recovery off the banksters and puts it squarely on the backs of the people. And that's WRONG.
harvey

Columbus, OH

#4 May 7, 2012
Jeff Brightone wrote:
While Obama continues to spend borrowed money from China like a drunken sailor in the bars of the White House and showing to the world that he cannot care less about tomorrow for the American people and their young generation, his best supporter in spreading money Sarkozy was booted out . France is divided and elected new president Hollande who will not follow Sarkozy going blind after Obama’s disastrous doctrine that pushed Mozlem brothers’ expansion in the world. Sarkozy was the puppet of Obama who pushed the world to New World Order, which proved to be its worst economical crisis in the recent century. Aiming at support Obama doctrine against Israel, Sarkozy proved his hatred to Israel and love for the Iranian regime and his terrorist organizations when he talked about PM Netanyahu whom he called liar. Sarkozy could not stand PM Netanyahu because of Israel demanded the right to defend the Jews from new holocaust by the Iranian regime that Obama and Sarkozy allowed to rush to the nukes. Obama pushed America to its worst economy and Sarkozy pushed France to its worst recession that threatens the stability of the European Union that is collapsing. Sarkozy went blind after Obama in his aircraft attack on the Libyan people, destroying Libya and killing more than 50,000 Libyans only to follow the new world order of Obama that used the UN to attack a sovereign country with lies and deceit. Sarkozy failed to stop the violence of the Mozlem Brothers of France and the strengthening of the Hamas and al Qaida terrorist organizations that attacked the Jews in France. Good riddance Sarkozy!
As usual, Jeffy's rant is full of vicious, dishonest attacks on Obama and support for the Zionist state. Although also as usual, it's funny.:)
harvey

Columbus, OH

#5 May 7, 2012
Robert wrote:
Yea lets see how that works for them, they borrowed to much and their economy slowed down and would not grow. They get put on a budget and revolted at it, did not like having to live within its means and pay back the money they borrowed. So now they throw the politicians out who allowed such a thing, just wait till the new guy gets in and sees the checkbook.
What can a politician give a people who are shouting we want growth, we want growth.
The Greeks, well they were enabled. If you look at the Greeks they have a history of overspending then defaulting on debt and starting all over. What fools the Europeans were to ever let them in on the Euro. They did it to themselves, they had a plan where they got bailed out but they had to cut back on spending and pay things back over three years. They could not take it, the belt tightening. So they threw out the politicians who gave them the plan, what you can't get through their thick skulls is that what they risk now is instead of going through this over 3 years when they default they will go through the same amount of pain in three weeks.
Why do they do this, because every time they defaulted we and others forgave their debt so they could get back on their feet. Then they just use that chance to do it all over again. What needs to happen is when they default this time the rest of the world needs to say it sucks to be you and walk away. What ever comes out of that will be able to stand on its own two feet.
Neoliberal nonsense. Their economies "slowed down" due to a U.S.-caused recession, idiot. They aren't speeding UP again because of these idiotic austerity policies, which as any intelligent economic SHOULD know will simply continue to stall Europe's economy instead of stimulating it.

The thick skull here is all yours.
Robert

Hollywood, FL

#6 May 7, 2012
harvey wrote:
<quoted text>
Neoliberal nonsense. Their economies "slowed down" due to a U.S.-caused recession, idiot. They aren't speeding UP again because of these idiotic austerity policies, which as any intelligent economic SHOULD know will simply continue to stall Europe's economy instead of stimulating it.
The thick skull here is all yours.
Their debt to GDP ratio crossed the 100% mark in 2005 I am sure you are right, the 2007 recession caused that. Give me a break.

Since: Nov 08

Cologne- Germany

#7 May 7, 2012
India should follow austerity to feed the people and not entangle in global barbaric commercial politics.
Germany should stop preaching sermons about the noble economic..........

How about curtailing the nasty; ugly;showy, elected servants minimum wage?
Ramafuchs

Since: Nov 08

Cologne- Germany

#8 May 7, 2012
Need based minimum wage
is
a despicable epithet in Germany.
harvey

Columbus, OH

#9 May 8, 2012
Robert wrote:
<quoted text>
Their debt to GDP ratio crossed the 100% mark in 2005 I am sure you are right, the 2007 recession caused that. Give me a break.
ARe you talking about the Greeks, or Europe? YOu ARE aware that Greece is the exception in Europe, a totally dysfunctional economy, right?

If you only mean the Greeks, you're probably right, and they DO need reform badly.

“Kiss Me You Fool!”

Since: Jan 08

Atlanta via Brooklyn NY

#10 May 8, 2012
And to think, the reich-wingnuts and tea-baggers want to do the same in the States.
harvey

Columbus, OH

#11 May 8, 2012
OneRyder wrote:
And to think, the reich-wingnuts and tea-baggers want to do the same in the States.
We were fortunate that, when the recession hit, Dems were in charge in Congress and then elected a President, too. Otherwise, it could've been really ugly.
Robert

Hollywood, FL

#12 May 8, 2012
harvey wrote:
<quoted text>
ARe you talking about the Greeks, or Europe? YOu ARE aware that Greece is the exception in Europe, a totally dysfunctional economy, right?
If you only mean the Greeks, you're probably right, and they DO need reform badly.
Greece, they should never been allowed in as a Euro country in the first place.
harvey

Columbus, OH

#13 May 8, 2012
Robert wrote:
<quoted text>
Greece, they should never been allowed in as a Euro country in the first place.
Probably not, given their shaky economic history.
Nick the Greek

Swaffham Prior, UK

#14 May 8, 2012
Mediterenean Union...this is the Way to go!

Greece and France should re-invigorate the discussion on the setting-up of a Mediterenean Union.

It would be beneficial to the Nordic country's, they would no longer be burdened with having to pay for the lazy Southern-Europeans.

Fritz Jurgen and Gunther could then dominate a Nordic Union, plus the Slavic country's.

The Mediteranean Union would initially include Greece France Cyprus Israel Spain Italy Malta Portugal...with the possibility of others joining in later.

The EU proven to be too Germanic in it's outlook!

Merkel kept the spotlight on Greece for so long, she ruined a whole Nation...for the sake of keeping the Euro at unprecidented low levels, thus benefiting the German economy through cheap Manufactured exports to China and elswhere.

The German model for running the EU economy is weighted in favour of the Nordic Germanic country's...they deserve their own Union, we know that now!

Greece and France...Mediterenean Union here we come.

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