The EU thread

[ProDeathblow]

Originally Posted by kamina777

edited

lots of idiots in cities as well

Originally Posted by Pad Frank

In Greece's case i think Golden Dawn was voted so much because Greeks believed that this way they will punish the system. I heard many times ''Let Golden Dawn to enter the parliament to beat the crap out of some politicians'' which is obviously wrong as well. It's the country's judging system that should punish those politicians. I refuse to believe that 400,000+ Greeks believe that beating and killing immigrants is a solution.

Plus if you look the map carefully you'll see that most of these countries don't face such serious economical problems, especially the Scandinavian ones.

all european countries face a crisis (except germany i think). the scandinavian countries have always had strong nationalist parties. don't forget that they didn't face the same devastation as the rest of europe did in ww2 cause they either allied with the nazis or didn't resist at all

[Pad Frank]

Originally Posted by suitchi

nationalism doesn't necessarily come with racism

You probably confuse nationalism and patriotism.
Nationalism pretty much always comes with racism.

Originally Posted by ProDeathblow

lots of idiots in cities as well


all european countries face a crisis (except germany i think). the scandinavian countries have always had strong nationalist parties. don't forget that they didn't face the same devastation as the rest of europe did in ww2 cause they either allied with the nazis or didn't resist at all

Well that's not so accurate.
Countries like Austria, Finland, Netherlands and few others didn't get affected by the whole European crisis. No austerity measures or anything of that short for them. The problem with these countries (maybe with only exception Germany) is that their economy can go from good to pretty bad anytime due to the unstable situation here in Europe. However even if we accept that they face economical problems as well these movements appeared there long before the crisis.

That's pretty true :O

[Mr Zero]

Strange coincidence how most old Axis powers don't seem to be having much of an issue when even France and UK are heavily exposed.
Obviously joking, btw. >.>

[Pad Frank]

Banking ''slaughter'' from Moody's.
Last night the credit ratings agency Moody's has downgraded 15 global banks and financial institutions. Explaining the decision for the downgrade, Moody's global banking managing director Greg Bauer highlighted the banks' exposure to volatility in the world's financial markets.He said that all of the banks affected by the downgrades had "significant exposure to the volatility and risk of outsized losses".

According to Moody's those banks and financial institutions are :

Barclays (Britain), Citigroup (USA), Credit Suisse Group AG (Switzerland), HSBC Holdings (Britain), Morgan Stanley (USA), Royal Bank of Scotland Group
(Britain), BNP Paribas (France), Citibank (USA), Credit Agricole (France), Royal Bank of Canada (Canada), Societe Generale (France) και UBS AG (Switzerland).

Deutsche Bank of Germany was also one of those banks that got downgraded surprising Germany that got it's first big ''slap'' ever since the whole economical crisis started.

The other institutions that have been downgraded are Goldman Sachs and JP Morgan Chase.

[kannazuki]

Interesting. Can't say they didn't deserve it...

[Pad Frank]

A very interesting article about the whole European crisis and it's consequences was published in a popular economic American newspaper (they don't say the name of the newspaper) that caused a big uproar internationally. The article presents the whole situation in Greece and how this whole policy that many countries follow will be devastating for both the European and the worldwide economy.

Specifically they asked Marc Mazawer, a British historian that specialize in Greek and Balkan history and works in university of Columbia USA his opinion about the whole situation in Greece and Europe and he said that ''once again Greece is fighting in the first row in a ''war'' for the world's future''. He also highlighted the importance of Greece in Europe's latest history by referring to the revolution of 1821 that triggered a European revolution against monarchy and made the people of Europe realize that freedom is above safety and that democracy will dominate over tyranny. The strong resist of Greece against the Nazis, then the fight the Greek people gave against their dictatorship and finally their involve in the Balkan wars.

He also added that Europe's today form is partly thanks to Greece that joined EEC (1981) and brought an air of democratization firstly in the Southern part of Europe (fall of dictatorship in Iberian Peninsula) and later (1989) in the whole Eastern Europe. Those events lead EU to transform from a small club of rich countries to a united democratic place with common market, currency and institutions making EU a superpower in international level.

The article close by presenting the results from Troika's, IMF's and Europe's safety plan in Greece and marks that Europe's future depends on how they will handle the situation in the ''weak'' by the crisis countries. They also referred to the domino effect and how destructive it will be not only for the European economy but for the whole world as well as to the fact that if the whole policy continues things will turn out very bad for everyone by saying that even if the plan works in numbers it would be a failure because the social unity would be destroyed.

[Pad Frank]

Been away the past few days and didn't have the time to post the latest news.
Anyway here there are the two most important news the past two days :

A Euro deal from Brussels

European leaders in Brussels managed to exceed expectations, which had been set extremely low. But their terse statement leaves a lot of unanswered questions - especially when it comes to how and whether the eurozone's rescue funds will be used to bring down the cost of borrowing for countries like Spain and Italy.

Chancellor Angela Merkel has been called Frau Nein - an unbending leader of Germany, unwilling to risk her taxpayers' money in defence of the euro.

In a long Brussels night, she made significant concessions.

The Italians and Spanish - with French backing - forced her into a corner. They warned her that they could no longer continue with the high borrowing costs they were facing.

The Spanish Prime Minister, Mariano Rajoy, spoke of Spanish institutions that could not raise finance. The two countries were not prepared to leave Brussels without measures to reduce their borrowing costs. They threatened to delay agreement on a pact for growth.

The first concession was to allow the eurozone's main bailout fund to help banks directly. The money will no longer have to go via a national government, as the current rules dictate.
However, only last week in Rome the German chancellor had been quite clear - she could never agree to money going to banks directly, because she could not be certain she would get her money back. Last night her objections melted away.

It was also agreed that the European Stability Mechanism (the zone's permanent bailout fund that will start operating in July) could buy government bonds and drive down a country's borrowing costs.

And

EU ban on Iranian oil

The European Union members (27 countries) stopped buying oil from Iran since 1 July in order to target the country's main source of income because they are against Iran's nuclear plans.

Even though Tehran rushed to announce that they are absolutely ready to face this boycott from EU numbers show the opposite. According to the ministry of economics the imports between EU and Iran was the 1/5 of the countries economy.

Now everyone waits to see how Tehran will react the next months.

[kamina777]

Originally Posted by Pad Frank

EU ban on Iranian oil

The European Union members (27 countries) stopped buying oil from Iran since 1 July in order to target the country's main source of income because they are against Iran's nuclear plans.

Even though Tehran rushed to announce that they are absolutely ready to face this boycott from EU numbers show the opposite. According to the ministry of economics the imports between EU and Iran was the 1/5 of the countries economy.

Now everyone waits to see how Tehran will react the next months.

I hope this shitty decision won't increase the oil price :/

[Pad Frank]

There were fears that this decision will increase the price of the oil but according to EU there won't be a problem because they will buy oil from Saudi Arabia.

[Mr Zero]

And what happens of the Saudi Arabian King decides to make more profit? :O