Is the Eurozone heading back into recession.

[geared 319]

At least you are in employment, it's more difficult in other countries in the Eurozone.

Italy has slipped back into recession and France is closely following.

 

We may get dragged down with the rest of them still, our economy's are so closely related that when one go's down it has a negative impact on the rest.

[Anna B 1,414]

That's the point, it may as well be if people are not seeing the benefit from it in their pay packets, yet paying more in bills and food and travel.

 

Exactly.

 

Industry and commerce might be doing OK (tho' I doubt it) but if that's not passed on in Tax revenue and to the workers we get the situation where the rich just get richer and the poor get poorer...

 

Oh wait a minute, that's what's happening isn't it......

[tzijlstra 11]

Yes, the Eurozone is heading back into recession, no it isn't unexpected. The world is rapidly turning away from Europe and, as we see on the news daily, some very important near markets are increasingly volatile. the Eurozone as a whole is being dragged down by socialist sentiments in France and other countries that simply can't afford to have socialist sentiments anymore. In the mean time the exporting countries are losing their market to more competitive countries and increasingly we (as Europeans) are being marginalised.

[poppet2 13]

Yes, the Eurozone is heading back into recession, no it isn't unexpected. The world is rapidly turning away from Europe and, as we see on the news daily, some very important near markets are increasingly volatile. the Eurozone as a whole is being dragged down by socialist sentiments in France and other countries that simply can't afford to have socialist sentiments anymore. In the mean time the exporting countries are losing their market to more competitive countries and increasingly we (as Europeans) are being marginalised.

 

What socialist sentiments? All I can see is the rich getting richer and none of the prosperity being passed down. If people don't have proper wages, then they can't afford to spend.

[wellyman 10]

What socialist sentiments? All I can see is the rich getting richer and none of the prosperity being passed down. If people don't have proper wages, then they can't afford to spend.

 

I think I'd rather be where we are with falling unemployment and strong growth that where the French are with rececission and high unemployment following a couple of years under that left wing idiot of theirs.

 

http://www.telegraph.co.uk/finance/economics/11036043/Top-of-the-world-UK-economy-winning-global-growth-race.html

[Anna B 1,414]

Yes, the Eurozone is heading back into recession, no it isn't unexpected. The world is rapidly turning away from Europe and, as we see on the news daily, some very important near markets are increasingly volatile. the Eurozone as a whole is being dragged down by socialist sentiments in France and other countries that simply can't afford to have socialist sentiments anymore. In the mean time the exporting countries are losing their market to more competitive countries and increasingly we (as Europeans) are being marginalised.

 

In times of need, socialism is more important than ever, or would you rather see people starving in the street?

 

The sooner we get out of Europe the better.

 

All this misery caused by the bankers yet still they haven't been called to account. As Poppet says the rich are getting richer, and heaven help those left behind. That's Capitalism for you.

[tzijlstra 11]

What socialist sentiments? All I can see is the rich getting richer and none of the prosperity being passed down. If people don't have proper wages, then they can't afford to spend.

 

Good, let the people realise that they need to work to get proper wages. You believe in the balance being tipped towards those that own, I believe it is being tipped towards those that expect. Just to illustrate that: we can't afford the NHS any more in ten years time, how are YOU going to solve that?

 

In times of need, socialism is more important than ever, or would you rather see people starving in the street?

 

The sooner we get out of Europe the better.

 

All this misery caused by the bankers yet still they haven't been called to account. As Poppet says the rich are getting richer, and heaven help those left behind. That's Capitalism for you.

 

Getting out of Europe would be the biggest mistake the UK can make. It will go well for a while and then reality will hit home. Tell me Anna, do you think Scotland will do better outside of the United Kingdom? Now amplify that with them being out of the EU as well.

 

Salmond wouldn't even consider that move, trust me, yet the short-sighted Daily Mail/UKIP voting readers think it is the only solution to all their imaginary problems.

 

The real problem, as above, is that we can't afford our socialist state any more. Someone has to pay for it. I prefer those someone's to be people who, like me and my wife, put in money into the system and get a fair deal in return, rather than seeing people on the street. Good thing is, nobody has to be on the street, all they have to do is actually work and contribute, like the millions of immigrants from the EU coming to these shores do.

[poppet2 13]

Good, let the people realise that they need to work to get proper wages. You believe in the balance being tipped towards those that own, I believe it is being tipped towards those that expect. Just to illustrate that: we can't afford the NHS any more in ten years time.

 

The real problem, as above, is that we can't afford our socialist state any more. Someone has to pay for it. I prefer those someone's to be people who, like me and my wife, put in money into the system and get a fair deal in return, rather than seeing people on the street. Good thing is, nobody has to be on the street, all they have to do is actually work and contribute, like the millions of immigrants from the EU coming to these shores do.

 

No, the real problem is that we are loosing billions in tax from the richest and largest corporations that choose not to pay tax. It's called greed. But that's all right by you I suppose.

[Se7enhills 10]

The top 1% of earners pay nearly a third of all income tax...

The rich really do pay for the rest of us.

[Anna B 1,414]

The top 1% of earners pay nearly a third of all income tax...

The rich really do pay for the rest of us.

 

They pay a lot of tax because they really are obscenely wealthy in ways we can't even imagine. Don't they own 80% of the world's wealth or something?

 

If they all paid 20% - 30% tax up front like the rest of us, we could afford all the things we need.

We have to pay it, why shouldn't they?

[Obelix 11]

They pay a lot of tax because they really are obscenely wealthy in ways we can't even imagine. Don't they own 80% of the world's wealth or something?

 

If they all paid 20% - 30% tax up front like the rest of us, we could afford all the things we need.

We have to pay it, why shouldn't they?

 

What makes you think they don't Anna? Real reasons please, none of the handwaving and saying it must be so just because everyone says it is so..

[Mecky 10]

It seems the UK is doing rather better than the Eurozone. Germany's economy is shrinking. France has flatlined all year. The Eurozone is on the brink of recession.

 

http://www.wsws.org/en/articles/2014/08/15/euro-a15.html

 

I think the UK is enjoying growth beyond the forcasts at the moment.

 

Not sure about the Eurozone but last week they, can't remember if it was the CBI, ONS or MAC, who were ready with the excuse that the UK might dip because it can't find enough skilled people. The apologists are already hard at it it seems.

 

Yesterday, the ONS quango tried to claim the the UK economy had grown by 3.2%. Not bad to say the economy hardly ever changes as claimed by some people on here. And here's somebody else who's obviously getting it wrong by saying the UK economic forecast is growth.

 

Headline: "UK economic growth revised up to 3.2%," but the first paragraph says, "The UK ECONOMY GREW by 3.2% in the second quarter compared with the same period last year, slightly higher than the original 3.1% estimate."

 

Then of course, what do people expect with the election next year?

 

---------- Post added 16-08-2014 at 06:50 ----------

 

What makes you think they don't Anna? Real reasons please, none of the handwaving and saying it must be so just because everyone says it is so..

 

So if they do, where is all the money going, since borrowing is up and so is the defecit, yet public services are being cut?