So, there have been scare reports in the Economist that the Euro might crash in a few weeks if a grand action plan ( unlimited liquidity for longer durations by the ECB), or if all euro-zone debt above 60% of each country's GDP is mutualised, setting aside a tranche of tax revenue to pay it off over the next 25 years (Germany's Council of Economic Experts' plan).
Is it worth it to save the Euro if even Spain and Italy are drowning in this muddy quagmire? And even if the deal works out, it most probably entails political pressure to change from Germany, which could infuriate people.
Well I'm waiting for the Euro to crash so I can go to France earlier and spend 2 weeks feeling rich with my pitiful US Dollar. Last time I went it cost me a fortune because for every Euro, I had to spend $1.46 or something like that. It was a costly vacation.
Well I'm waiting for the Euro to crash so I can go to France earlier and spend 2 weeks feeling rich with my pitiful US Dollar. Last time I went it cost me a fortune because for every Euro, I had to spend $1.46 or something like that. It was a costly vacation.
If it crashes, chances are, the dollar will be pulled down as well, not to mention causing prices of consumer goods to shoot up. We're talking a huge crash here, that might wipe out all that has been painstakingly built up over decades.
Yeah, I live in England and the economy is in a state of crisis. I'm not sure the pound's as strong either, but seeing as how we import off the EU, not sure that we can last much longer. Apparently, we're heavily in debt. I'm pretty sure that the entire planet is in an economic crisis, not just the EU. it's gone down from 4 pounds to the dollar to 1.5 pounds to the dollar. Euro Crisis is pretty much affecting everyone in the EU includin England.
Yeah particularly China. They're ahead of America now...
It would take five to twenty years for America to be overtaken, depending on whether you compare with purchasing power parity (Which takes into account exchange rate) or GDP.
It would take five to twenty years for America to be overtaken, depending on whether you compare with purchasing power parity (Which takes into account exchange rate) or GDP.
No I mean technology and GDP growth rate. Not GDP.
Nope. America is still one of the top dogs for technology. We have yet to see a genius like Zuckerberg or a Silicon Valley in China. China still has a lot of catching up to do.
Nope. America is still one of the top dogs for technology. We have yet to see a genius like Zuckerberg or a Silicon Valley in China. China still has a lot of catching up to do.
But we are deviating.
Maybe I mean engineering. China is building some pretty serious buildings to combat overpopulation. It's not working...
Who do you think they sell the masses of goods they produce too? If you lose your buyers you have no money.
Wrong i you have no buyers , you dont make more money. Still their currencies will b stronger than EU and USA.(In worse case) Simply roles will b switched b/w continents.
