Lazy idiots. In 2008, I went to the UK for a month for work, and visited my Dad's village for a few days to see some relatives I hadn't seen for over 20 years.
Quite often the word "σύνταξη" was used in conversation - the freakin' pension.
I guess I should be grateful that my folks moved to Australia all those years ago...
From the article: "The core problem is near-zero economic growth, high unemployment and governments unwilling to take painful steps to get people to work more and longer.
Simon Tilford, an economist at the Center for European Reform think tank, warned that EU governments so far haven't come up with anything "game changing."
"What Europe needs is a growth pact because without growth, public finances aren't going to be sustainable," Tilford said. "The bond markets are going to be forcing them to make those kind of changes."
Even EU president Van Rompuy warned that the bloc risks irrelevance and the end of its expensive welfare programs if it can't speed up economic growth, forecast to expand by just 1 percent this year.
"With 1 percent growth we can't finance our social model any more. With 1 percent structural growth we can't play a role in the world," he told the World Economic Forum in Brussels. "We need to double the economic growth potential that we now have."
Can this be the beginning of the death of the welfare state?
A few reflections on Europe's financial woes. This short video is absolutely worth watching. Clarke and Dawes ask the million dollar questions ABC News (Australian Broadcasting Corporation)
5 comments:
Why not invest.
From the picture, it looks like they have a sizable workforce that is full of energy.
Maybe if you opened up a glazing business. From the article, it looks like there are plenty of new and potential customers.
A blog post you could relate to.
Basically it's about "teamwork," and the importance of "truth."
http://www.maxbarry.com/2009/11/24/news.html
Lazy idiots. In 2008, I went to the UK for a month for work, and visited my Dad's village for a few days to see some relatives I hadn't seen for over 20 years.
Quite often the word "σύνταξη" was used in conversation - the freakin' pension.
I guess I should be grateful that my folks moved to Australia all those years ago...
Not just Greece, but most if not all of Europe.
http://finance.yahoo.com/news/Trilliondollar-euro-rescue-apf-644989406.html?x=0&sec=topStories&pos=3&asset=&ccode=
From the article:
"The core problem is near-zero economic growth, high unemployment and governments unwilling to take painful steps to get people to work more and longer.
Simon Tilford, an economist at the Center for European Reform think tank, warned that EU governments so far haven't come up with anything "game changing."
"What Europe needs is a growth pact because without growth, public finances aren't going to be sustainable," Tilford said. "The bond markets are going to be forcing them to make those kind of changes."
Even EU president Van Rompuy warned that the bloc risks irrelevance and the end of its expensive welfare programs if it can't speed up economic growth, forecast to expand by just 1 percent this year.
"With 1 percent growth we can't finance our social model any more. With 1 percent structural growth we can't play a role in the world," he told the World Economic Forum in Brussels. "We need to double the economic growth potential that we now have."
Can this be the beginning of the death of the welfare state?
A few reflections on Europe's financial woes. This short video is absolutely worth watching. Clarke and Dawes ask the million dollar questions ABC News (Australian Broadcasting Corporation)
Link:
http://www.youtube.com/watch?v=thSTpGnWEAs
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