But its members face a long convalescence, made worse by the insistence that fiscal starvation is the right remedy for feeble patients.

THIS

Killing this patient would have severe consequences...

Meh, let them fail. We all know that the US manufacturing sector could easily export our goods to . . . ummmm . . . Bolivia?

meanwhile, the German unemployment rate fell to a 20 year low

/you know who else lowered German unemployment?

And now, out of left field, Ireland is putting the latest Euro treaty to a referendum. Never mind that Greece still can't clear that deal with its creditors and Portugal's bonds have spiked, if Ireland shoots down the latest treat (which establishes the bigger bailout fund permanently as well as subject all budgets to direct european oversight) that's going to kill any small hope that Europe can come together on any topic.

I really thought this was going to be an article about tampax cutting jobs

liverleef: But its members face a long convalescence, made worse by the insistence that fiscal starvation is the right remedy for feeble patients.

THIS

Errr. . . they got into this mess by spending far more money than they had for decades. The solution is then to spend far more money than they have for the foreseeable future?

They've been throwing money at the problem. It hasn't really helped. At some point you run out of money and no one will buy your useless debt. Then what?

That'll teach em to pull that austerity crap during a recession. Dumbasses!

So, basically, Europe is f*cked because they are overly dependent on private financing and don't have their own Fed.

Suck it, t-baggers...

p the boiler: I really thought this was going to be an article about tampax cutting jobs

Nah. If that was a case, the headline would involve the word bloodbath.

Oh, and also...anyone else starting to worry that WW3 could actually start in Europe? The Germans seem to be getting mighty pissed off...

I can`t like this

dumbobruni: meanwhile, the German unemployment rate fell to a 20 year low

/you know who else lowered German unemployment?

NYT Gets Germany's Unemployment Rate Wrong, Again

"People who report on Germany's economy should know that the unemployment rate reported by the government is not calculated the same way as the U.S. unemployment rate."

I don't know why people are so hot for Germany. Now I love me some Berlin boy butt more than most men. However, things are not as great as many wish.

Jimmy's getting angry: I "explain this" can`t "explain this" like this

Pretty sad when a news network's articles have to be written as the textual equivalent of a Speak'n'Spell.

20 Signs That Europe Is Plunging Into A Full-Blown Economic Depression (new window)

From that blog or whatever the hell it is...

German economy contracts as Europe debt crisis bites (new window)

"GERMANY'S economy contracted in the fourth quarter, putting it at risk of a shallow recession at a time when eurozone countries struggling with their debts are looking to the bloc's biggest economy to give the region a lift."

So the strongest economy of the EU contracted while the rest of its members did worst or much worst. True Germany looks good in comparison to the rest of the EU but without the EU trade zone exports Germanys looks would rapidly fade.

So all these articles are talking about the Eurozone, and then people comment about the EU. Not one and the same, obviously. But that raises the question: how is the UK economy doing? (both relatively and absolutley) I just wonder how much they are affected by this since they are in the EU but not in the Euro zone. I would guess they are affected more than the US but less than their Eurozone counterparts.

SacriliciousBeerSwiller: Oh, and also...anyone else starting to worry that WW3 could actually start in Europe? The Germans seem to be getting mighty pissed off...

If it starts, it will be because some banks and corporations see an opportunity to make some money.

I'm not gonna lie, Europe is a giant crap hole.

MrSteve007: We all know that the US manufacturing sector could easily export our goods to . . . ummmm . . . Bolivia?

Asia, actually, particularly China. Yes, we export a lot of goods to China.

Chinese factories use equipment built in America, Japan and Europe because they can't build to the same quality standards. The reason why you don't see the benefits is because industrial OEMs run very, very lean.

dumbobruni: meanwhile, the German unemployment rate fell to a 20 year low

/you know who else lowered German unemployment?

So New York did reasonably well while Detroit fell apart?

Good luck with the consequences of that one. This isn't like pulling the plug on your mom, subby. If you pull this plug, one I don't get any more, either.

RyansPrivates: So all these articles are talking about the Eurozone, and then people comment about the EU. Not one and the same, obviously. But that raises the question: how is the UK economy doing? (both relatively and absolutley) I just wonder how much they are affected by this since they are in the EU but not in the Euro zone. I would guess they are affected more than the US but less than their Eurozone counterparts.

Their growth rates are stagnant but their financial markets on the whole are doing better than the eurozone. Probably because they aren't as exposed to debt.

Negligible: And now, out of left field, Ireland is putting the latest Euro treaty to a referendum. Never mind that Greece still can't clear that deal with its creditors and Portugal's bonds have spiked, if Ireland shoots down the latest treat (which establishes the bigger bailout fund permanently as well as subject all budgets to direct european oversight) that's going to kill any small hope that Europe can come together on any topic.

No, it won't. They'll just ask the Irish to vote again (and again, and again), until they get the answer they want.

Most of Europe spends like drunken sailors for years and years and builds up great debts. The economy goes down so they spend more to save banks.

The economy starts to go down again and the debt is now out of control, so after a year of "austerity" which is total BS "austerity" the economy isn't thriving, the spenders want to spend again.

You know it takes time to clear out all of that debt.. especially if you never let any bondholder lose their investment and print more money to stop anybody from defaulting. That's not austerity.

This shiat will continue to go on here and there until we let some of these debt-laden banks and countries, etc go under.

More buttons are needed.

wutchamacallem: More buttons are needed.

I see what you want to do there.

SacriliciousBeerSwiller: Oh, and also...anyone else starting to worry that WW3 could actually start in Europe? The Germans seem to be getting mighty pissed off...

See, ever since Germany was a bunch of princedoms they got pushed around and bulled. For example, the papacy enjoyed an income stream from them. This built up national resentment, which is a, indirect cause of WWI and WWII. Those didn't pan out well for Germany, so they are now taking advantage to destabilize things economically. Some people just want to watch the world burn.

Sun Worshiping Dog Launcher: p the boiler: I really thought this was going to be an article about tampax cutting jobs

Nah. If that was a case, the headline would involve the word bloodbath.

Last year Germany sold tampons with bells on, but just for the Xmas period.

#10 The number of suicides in Greece rose by 40 percent in just one recent 12 month time period.

:-(

watson.t.hamster:
Errr. . . they got into this mess by spending far more money than they had for decades. The solution is then to spend far more money than they have for the foreseeable future?

They've been throwing money at the problem. It hasn't really helped. At some point you run out of money and no one will buy your useless debt. Then what?

Well, it's been working great for America for the past 40 years, right?

I wish Europe would just collapse already.

I finish my MBA in August, and would like to move from the public to the private sector.... but with my luck, I'd make a move, and the world economy would collapse the following week.

The thing to remember about the Fall of Rome is that Rome is still there.

Hassan Ben Sobr: The thing to remember about the Fall of Rome is that Rome is still there.


...after a hell of a lot of people got killed, raped, maimed etc.

Has the Business tab become even derpier in terms of headlines than the politics tab?

one of Ripley's Bad Guys: Hassan Ben Sobr: The thing to remember about the Fall of Rome is that Rome is still there.


...after a hell of a lot of people got killed, raped, maimed etc.

They should have stayed off the #64 bus.

whipbambucket: watson.t.hamster:
Errr. . . they got into this mess by spending far more money than they had for decades. The solution is then to spend far more money than they have for the foreseeable future?

They've been throwing money at the problem. It hasn't really helped. At some point you run out of money and no one will buy your useless debt. Then what?

Well, it's been working great for America for the past 40 years, right?

Not really and we're headed towards the same collapse. But our screw-ups don't negate their screw-ups.

Just like you can live on credit card debt just fine for a while but eventually they're going to repossess everything you own Greece and the rest have been living on debt just fine, for a while. Now that's over and they have to make some hard decisions. Unfortunately the voters' response was "nah, let's just keep doing the exact same things that got us in to this mess and something something it will then work out just fine!".

/we've also had an economy that historically has grown at a much faster rate than Greece's. That let's you get away with this sort of thing for a bit longer, although ultimately the end result is the same.

Hassan Ben Sobr: The thing to remember about the Fall of Rome is that Rome is still there.

And the Native Americans are still here.

But arguably they are in a greatly declined state.

Yes it's unlikely Greece and others will simply vanish from the face of the earth. But they will go through some very hard times.

watson.t.hamster: whipbambucket: watson.t.hamster:
Errr. . . they got into this mess by spending far more money than they had for decades. The solution is then to spend far more money than they have for the foreseeable future?

They've been throwing money at the problem. It hasn't really helped. At some point you run out of money and no one will buy your useless debt. Then what?

Well, it's been working great for America for the past 40 years, right?

Not really and we're headed towards the same collapse. But our screw-ups don't negate their screw-ups.

Just like you can live on credit card debt just fine for a while but eventually they're going to repossess everything you own Greece and the rest have been living on debt just fine, for a while. Now that's over and they have to make some hard decisions. Unfortunately the voters' response was "nah, let's just keep doing the exact same things that got us in to this mess and something something it will then work out just fine!".

/we've also had an economy that historically has grown at a much faster rate than Greece's. That let's you get away with this sort of thing for a bit longer, although ultimately the end result is the same.

I was being sarcastic... we're totally screwing the pooch too.

/approves
//it's costing too much