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Author Topic: European Commission President Jose Manuel Barroso  (Read 1902 times)
falcon
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« on: June 19, 2012, 15:13:43 PM »

Anybody see the BBC today this man had the guts to point the finger of blame at the US and speculators or thats the way I heard it you can hear it at the BBC news site
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« on: June 19, 2012, 15:13:43 PM »

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Tetley
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« Reply #1 on: June 19, 2012, 15:28:15 PM »

Anybody see the BBC today this man had the guts to point the finger of blame at the US and speculators or thats the way I heard it you can hear it at the BBC news site

Yes i saw it,certainly gave as good as he got.
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« Reply #1 on: June 19, 2012, 15:28:15 PM »

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falcon
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« Reply #2 on: June 19, 2012, 15:50:08 PM »

Frightening we agree on something
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« Reply #2 on: June 19, 2012, 15:50:08 PM »

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Tetley
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« Reply #3 on: June 19, 2012, 15:53:56 PM »

Frightening we agree on something

fear not Falcon us trade unionists must stick together  ;D (AUEW 1980 to 1989 )
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« Reply #3 on: June 19, 2012, 15:53:56 PM »

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falcon
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« Reply #4 on: June 19, 2012, 16:05:05 PM »

I see you have got a new keyboard or new fingers!
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« Reply #4 on: June 19, 2012, 16:05:05 PM »

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rt21
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« Reply #5 on: June 19, 2012, 20:51:08 PM »

Whilst it is true that the current crisis originated in the U.S. it would be wrong to blame the current problems in Europe entirely on the U.S.

The problems experienced in Europe are mostly down to a flawed monetary concept called the Euro. The truth is that Greece was living beyond its means for many years all funded by cheap euro loans. It has accumulated debts that it has no hope of paying back. Spain drew in a lot of cheap euro funds that created a housing bubble. When the bubble burst the construction industry collapsed creating high unemployment, a run on the banks and a significant increase in the Spanish deficit. I could go on.

The euro was ill thought out and was a political concept rather than an economic one. At some stage the fault lines in the Eurozone were bound to surface. The sub prime problems in the U.S. simply brought forward a crisis that sooner or later was bound to happen anyway


Richard
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« Reply #5 on: June 19, 2012, 20:51:08 PM »

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