howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
courtesy of the telegraph
The eurozone unemployment rate crept up to 10.8pc in February, from 10.7pc in January, according to European Union statistics office Eurostat. This means more than 17m people are now out of work in the single currency area.
Across the EU, the unemployment rate was 10.2pc in February, compared with 10.1pc in January.
The statistics also illustrated the growing divide between the eurozone's northern and southern states. Unemployment in Greece jumped more than one percentage point to 21pc in December, with youth unemployment creeping above 50pc, to 50.4pc.
Spain's unemployment rate also rose to 23.6pc, from 23.3pc in January, while jobless rates in Germany, the Netherlands and Finland continued to fall. More than half of Spain's under-25s are now out of work, according to Eurostat.
Spain is undergoing painful reforms in an attempt to keep its budget deficit down. On Friday, the country unveiled €27bn of spending cuts and tax increases in a budget branded the "most austere" in its democratic history.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
This is interesting Howard and demonstrates what I have been saying about how the Eurozone has been operating shifting wealth from weaker countries to the stronger countries. Germany in particular benefits from how the weaker countries hold down the Euro while the weaker countries suffer more from the Euro being too high for them. This is about more than the budget deficits, though they are a serious problem, the Euro is at the centre of it all and the deficits can be partly dealt with by quitting the Euro.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
barry
a further problem is that there are no plans for growth in spain and greece where half of under 25's are unemployed.
the chances of serious social unrest in both countries are very high, particularly in greece where the young tend to be more revolutionary.
a return to military rule in greece is a strong possibility.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
I agree Howard. They are facing a serious problem and the first step to dealing with it is to get out of the Euro, maybe even the EU and take charge of their own fiscal and monetary policies. Spain has been in the doldrums for a lot of years now going back to 2007 at least.
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
bon chance to the euro zone.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
more no chance than bon chance brian, the hot countries are suffering for being in the euro and the cold countries whilst booming are shelling out money to the the less well off.
the gap can only get wider.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
howard,thats more hope than no hope,so bon chance.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
A return to the rule of the colonels in Greece would be a severe blow to the EU Politburo.
The colonels are right wing, the Politburo is left-wing, as much a communist centralist system as one could imagine.
The return to the colonels in Greece could then spark off a return to the Generalissimo in Spain.
With Col. Dave about to put back Thurloe at the Post Office to read emails before they are delivered, perhaps freedom of protest will see a crack down, using the economic plight created by the EU as a pretext.
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
The Chinese and the Indians are in work, the west is out of work,
It's all about one-way trade.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
things could change, china and india are dependant on demand from us in europe.
generally speaking there is less money to spend on their exports which could hit their booming economies badly.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Whenever possible I boycott imported products when British made is available.
Closing down British industry and manufacturing far and wide abroad, to then import the products, had to do with private owners earning more on low-cost labour and sending the British to sign on.
So once you sign on, you have to buy the cheaper imported products.
All a vicious circle, the outcome of which is a fully bankrupt economy and society.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
alex,one little drawback.it may say made in england,there it might made in europe.the bad news is they are the same company.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Brian, the company can be any company, but the made in... always means the country where the product was produced.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
then there was no english,welch,scotish or irish companys left.all have uprouted to cheaper enployment countrys.
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
Are own government is still borrowing money on the markets to pay benefit to keep the system spinning
Until we have a sell it hear manufacture it hear policy this will carry on until the system crashes.
So bring back your factorys Mr. dieson and pay your taxes in the uk if you won't to keep selling you Hoovers in the uk
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Alex, suppose you are making and selling brooms. The brush heads come from Bangladesh, the handles come from good Canadian larch. All the work is done abroad except screwing the heads to the handles, which you do in the back of your hardware shop at the time of sale. As long as you sell them as a unit, you can legally call the finished article British Made.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
this reminds me of the classic "fools and horses " sketch with trigger and his broom.
18 new heads and 12 new handles.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
what sa good programme howard
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