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European Unemployment By Country: Youth Unemployment In Greece, Spain Remains Over 50%
Eurostat reported moments ago that European CPI came in flat in March, as expected, and up a fraction from a modest -0.1% print last month, driven entirely by an ongoing 5.8% drop in energy prices, while food, services and goods all posted modest increases in the past month.
To some this was another indication that the deflation in the Eurozone is ending. Of course, if that is the case, it is risk negative and EUR positive because in addition to yesterday's first positive loan creation print in 3 years, the ECB's QE may not even need to last until September of 2016 before European inflation comes back with a bang.
On the other hand, looking at the other Eurostat release today, showing that European unemployment remained flat at 11.3%, despite expectations of a modest decline to 11.2%, with Italy's 13% print leading the rise in unemployment up from 12.7%, and far worse than the 12.6% expected, and suddenly the end to Draghi's QE does not look that imminent. This follows the March unemployment print which not only missed consensus but was worse than the highest estimate.
European unemployment broken down by country:
But the scariest data, once again, is revealed in the table of European youth unemployment. Here we see that both Spain and Greece now share the same youth unemployment figure of 50.1%, while Italy has reversed its recent improving trend, and is now at 43.1% and rising.
For anyone asking why Europe's politicians are terrified at the anti "austerity" wave that is just over the horizon, the table above should have all the answers.
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Tylers up early today!
What's that about?
Must be a euro Tyler, 10.38 a.m. here in Blighty (11.38 in Europe.
Since when have he had a EUR Tyler?
Is this Ghordo Moonlighting?
If Ghorod is moonlighting, I would encourage you to make a Zerohedge.de and translate everything. If you want to wake up the Germans en masse, illustrate how bankrupt they actually are and heads will start rolling immeately.
It surprises me that the AfD hasn't adopted this strategy.
I see I should have adopted the nick of Gordias, instead of Ghordius. No, I don't think there is an EUR Tyler, but I do think there is at least one London-based Tyler
Germans to wake up?! I don't think it would be wise. Which kind of Germans do you wish to "wake up"? honest, non-sarc question
note the CDU Minister currently under pressure because it's getting out that some German intelligence services were aiding our dear American and British cousins' intelligence services to spy on the EU Commission and the TTIP delegation of the EU. naughty, naughty
AfD? sorry, imho there is little "awakening" to be expected from that side. if you find sensible, realistic policies in their manifestos, please do explain them to me
Why wouldn't that be wise?
By "waking up" I mean groups of people wanting Germany to do what is in the best interest of Germany, and not always in the best interest of the Anglo-American empire, or the EU.
If you could get a solid 5-10% of the population here that demands Germany do whats best for them & damn everyone else -- I think it would be an earth quake in the world system.
The AfD's most sensible part of its manifesto is leaving the EUR in an organized manner. Its the best possible solution available right now.
Yeah but it didn't work out too well the last time Germany did what's best for them and damn everyone else.
If only Germany had decided in the 1930's to be the manufacturing powerhouse they became after the war....
But there still would have been Stalin. So who knows how it would be now if Germany didn't do what it did back then.
You are confusing 1) doing what is in your best interest, and 2) having a complete psychopath become a dictator and get 8,000,000 of your own citizens killed off.
They are really similar to one another, so I can understand your confusion.
You're the one who's confused here.
:-|
I think there's a Euro-Tyler. I catch just a whiff of it in the writing sometimes.
Either that or there's insomniac-Tylier.
I'll go with insomnia... I think I slept all of 3 hours.
Punch in the following phrase into a search window "insomnia on the rise"...
Standard Disclaimer: If you aren't reading this, you probably aren't one of the nearly 50% of Americans who struggles with insomnia.
I like being able to get about six hours of productive work done before the ZH distraction gets up and running for the day. Any Euro Tylers should to go back to sleeping in.
that "damn everyone else" part... it's fine for Americans asking that, then geostrategically the US is akin to a far, far away island except for borders with Mexico and Canada
Germany... is smack in the middle of a complex set of neighbours
As for Italy, it was born out of nationalism in the struggles for domination between France and Austria, with Russia and Britain complicating things
for the German "elites" of the last two generations, the situation is clear: never again war among europeans. and the German electorate is still cheering this stance
and this means a close alliance with France and Italy, with the BeNeLux thrown in. and those Six are still the core of the "EU thing". an alliance of interests
as such, structured in a way that others can join, participate, feel confortable with it
note on this very blog how readily Germany is taken as the "Bad Guy" that has to be bashed down. think very carefully of what kind of new european balance your request would really imply
your "Anglo-American Empire"... is not going away. it's demands and points of view neither. you yourself are a champion of some of those point of views, and they have some merit
Poland, or the Nordics, are also to be taken in consideration, as well as all the Easterners and Southerners. it's not only my POV, it is that of the German majority, as well
yes, Germany is accomodating in many ways. but you live in it: do you see terrible things happening because of it?
as for the D-Mark: anchored to the EUR or - as a good "Anglo-American" would ask for - free floating in the markets? if the latter, did you note the bets that the Masters Of The Universe are willing to talk about in regard to the German Bund? Leveraged 100 times, courtesy of megabanks/FED?
If those guys are willing to stare down "Dirty Harry" Super-Mario with his immense ECB firepower, do you think they would be impressed by a BundesBank going alone? In short: would a D-Mark be a fair and sensible fiat currency, or would it be a playball of a bunch of casino "financial market" grandees in NY and London? the same guys that are playing with gold and silver?
Germany
Has hitched a towbar to China and Russia
They are looking 360 degrees
biggest investor in Germany in 2014 was none other than China
trains that run from Germany through Russia and into China, and how those trains are jointly owned by Germany and Russia
China’s large investment in Germany, it suggests a Russian/Chinese/German alliance
This relationship is continuing to grow as they develop more transportation lines to Germany
What I am saying is that I would give very high odds that Germany is going to end up in the Eastern camp because that’s where their future lies.
Quotes by: Stephen Leeb
are you well versed with the story of the Berlin-Baghdad Railway?
You mean the one that started WW ONE?
Yeup.
Fucking British were scared to death to lose their would supremacy and they started a massive war to prevent it. Now their bastard child the US, whose culture is materially based off the British thought process is reaching the end of the line, and I fully expect it to start a massive fucking war to try and preserve its power.
Lets see if the Germans want to make the same a third time in 100 years?
I always found the "never again war in Europe" thing especially funny given the current situation with the Russians.
If you think about it -- it more or less blows the "EU is for peace in Europe" schtick out of the water.
This is where the double speak from Brussels and yourself starts.
1) Germany should put a much bigger emphasis on defusing the situation with the Russians than appeasing the Americans or British. You will point the Merkel Hollandale visit and say they are trying, but the sanctions still stand, Germany as well as France has sent its military to the Baltics for no other reason than to poke the Bear & there is an endless droning about Russian aggression.
2) If you want to be honest about WWII (aka the moral justification for the EU as we know it) -- the actions of WWII that devistated Western Europe was the Blitz, the British and Americans bombing Belgian, Dutch and German cities into nothing, and the allied advance starting in July of 1944. Before then, most of Western Europe was pretty much intact & left alone. Where there was total warfare that destroyed everything in sight was to the east between the Germans & Russians. Shoot, even Warsaw escaped the initial aggression almost unscathed. What levelled Warsaw was the Russian retreat, and then thereafter the Nazi retreat. Thus, if Europe is to make sure there is "never a war again in Europe" -- it *HAS TO* include the Russians, not poke them constantly.
3) While the electorate is still cheering this practice, they also cheer for arming the Ukies, sanctioning the Russians, and while they might prevent another war between Germany and France -- they might get a war with the Russians. Last time the war with the Russians is what destroyed and divided Europe -- not Europeans fighting one another.
4) While we are at it -- the Italians never really fought the Germans in WWII, thus the "Italians are an integral part of the European blah blah blah" is nothing but bullshit. You know it, although it offends your sense of "European Unity." Same goes for the Spanish.
Lastly, the DM held its own for decades against the USD. Was it a peer currency? No. But it was larger than the Pound or the Franc, and it became a magnet of strength and stability. The EUR has tried to take its place, but more or less resembles a German/Italian love child who drank too much Drain-O as a kid. If you honestly think the EUR has been good for Germany, I have annual growth rates and this thing called "opportunity cost" that would tend to disagree with you.
But hey -- never let facts get in the way of EU flag waiving.
Fuck the EU, Fuck the EUR, Fuck the stupid flag, and fuck the anthem.
so some simple words in between: 1) POLAND, and the rest of the Easterners; 2) Yes. Is Germany, or France, or Italy "poking at the bear"? Note that all the diplomats of those three countries have constantly to defend themselves as not being too Russia-friendly. Note that the EU exchanged the chief Diplo-Honcho from a Brit to an Italian, which had to defend her "Russia-friendliness"
3) Who is arming the Ukrainians? Note that a lot of those who cheer for "Novorussya"... also say that Ukraine has no right to exist, as a nation
4) how can I respond to that without including your personal views, and so making the answer a personal one? Neither Bismarck nor Goethe nor Adenauer nor Kohl nor Merkel nor any German I know would agree with you, and so do I
the EUR? is not the EU. nor is today's USD what it was before 1971, or, more relevantly, what it is since 2001
further down I get accused by NoDebt that I "light candles to the altar of aggregated demand". here, you talk about "If you honestly think the EUR has been good for Germany, I have annual growth rates and this thing called "opportunity cost" that would tend to disagree with you". in this context, where does this view put you?
Working backwards --
Appendix) You can have growth in a world without monetary expansion and Neo-Keynesian voodoo. It has to deal with competetion and comes at the expense of someone else. You have 100€ in the entire world. It is impossible to make more. There are two countries, A & B. Country A has a trade surplus of 5 and Country B has a trade deficit of 5. In 10 years Country A has 100€ and Country B zero. Thus, growth in country A, up to a point. It would be awesome to live in country A, and be really shitty to live in country B.
4) I'd be really eager to see Bismarck & Goethe's thoughts on Italian intervention in WWII.
3) Right now, the US is arming them, and the EU and US got this whole shit show started.
21) So let the Polish poke the Russians all they want. The Germans poking the Russians not only does nothing to help Germany, it actually hurts Germany. Shoot, Tusk is the Polish version of Dick Cheny with a better heart. If he could invade Russia and be successful he would have done it yesterday.
Lastly, she has to defend herself for being "Russian friendly" because she said that sanctions were not in Italy's economic insterests (which is true) and the Anglo-American whore media jumped on her because she wasn't riding a 4 wheeler topless shooting the gun from Dirty Harry into the air shouting USA USA USA while rubber her tits with cheese in a can & demanding Russia be nuked tomorrow.
Using the controlled media's crap as a barometer to determine who and who isn't Russia friendly is just lazy trolling on your part and you know it.
No one gives a rats arse about figures from the past we live now not 50 years ago.
And news flash for you, NO Russian I know " feels that Ukraine has no right to exist " but face it Ghordius, the EU's grubby figures and the Tribal Cable pulling your strings are all over those shit Banderites in Ukraine and sooner or later it's going to come right back at you. Spring is coming and so is the next round of fighting ..Bank on it.
I'm looking forward to the Ukies trying another multi-pronged assault into the Eastern territories again. The Eastern Peoples need more weapons, and I sure would enjoy seeing a Russian flag flying from a Humvee. I'd laugh.
Ghordius should be thankful that Putin is in charge and making soft moves, some heads in the Kremlin and DUMA think that the time for action is long past. Needless suffering across all Europe for scum that cares nothing for ordinary people.
If the Ukies try this nonsense again, I wonder how much more "patient" Putin would be before showing the world what the Russian version of a Blitzkrieg looks like.
no Russian I know feels this way. but news flash for you, this is the "official theme" brought forward. meanwhile, I note a very partisan "those shit Banderites in Ukraine"
you seem to be full of fury for "what the EU is doing to Russia". how much are you into... details?
I note a very partisan "those shit Banderites in Ukraine"
Very partisan Ghordius >> http://fortruss.blogspot.com.au/2015/04/ukrainian-neo-nazis-from-azov-ba...
You don't claim these 'people' as friends do you ?
The 'Official Line' is to stop fighting talk and find a solution that suites all parties and what the EU is doing to Russia is far less than what they doing to themselves. 12 months ago we all had a pretty thing going, not perfect I'll admit, but at least the trade we engaged in was of benefit to all :-) How's that working out for EU people today ?
I'll say confidently that, at the moment, EU has less toes on their feet than Russia.
Detailed enough for you. ?
no. I am asking about "what the EU has done to Russia" and you answer with a video of thugs burning a Novorussyian alive
meanwhile, you ask if I claim these "people" as friends. to which I answer no, of course not
are we still talking about trade? and the EU and Russia?
are we even talking about millions of Ukrainians? or these "people"?
besides, do "Russian-EU Trade tensions" influence the ongoing war in Ukraine? how much? compared to weapon deliveries, for example?
never again war among europeans
Got that bunker finished ? Spring is in the air.
" No I don't think there is EUR tyler " . Wrong ghord . Tyler is Bulgarian and Bulgaria is an European nation . Forgot it perhaps .
that's my fault. I look at things in the way european continentals do: you are the way you think, talk and act. in short, culture
so someone of Bulgarian origin that grows up in let's say NY, and acts and talks like a New Yorker might be ethnically and originally a Bulgarian, but it's still a New Yorker, in our eyes
in the same way I recently met two "Vietnamese" girls, one from Paris, the other from Berlin
the one speaking German, acting like a German, thinking like a German, specifically like a Berliner (or Brandenburger)
the other speaking French, acting like a French, thinking like a French, specifically a Parisian
so for us the one is a Berliner and the other is a Parisian, both of Vietnamese origin, yes, but completely irrelevant for the purpose of discussing anything, or getting along with them
this in contrast with the example of a third generation New Yorker that says "I'm a Scotsman", or "I am an Irishman", but does not think the way those do, and might get some nasty culture shocks if he travels back to his Old Country
so yes, one of the Tylers might be of Bulgarian origin. but is he a Bulgarian for our way of looking at the thing? hell, the very way he might think about the EUR is a relevant difference, in that
Funny how you look to culture when it suits you, and when its does (aka Monetary Cultures) you say it doesn't exist.
A tad inconsistent my cool-aid drinking friend?
I claim history on my side, while reminding that cultures shift and change. Your historical view is strongly influenced by the 20th Century, I tend to make broader comparisons
I claim that your "Monetary Cultures" theory is easily falsifiable - which is good - and easily debunked. Example: Greece. Note how Greeks still prefer a harder to a softer currency, from their point of view
on the other side, I claim that you think you are a proponent of a harder-then-the-EUR currency... while you cite growth, or "missed growth" as a reason for Germany to exit the EUR
as a reminder, it's those "who light candles to the altar of aggregate demand" that are usually the proponents of soft currencies
meanwhile... you do skip over my argument of the current state of the financial markets, don't you? what is the D-Mark's fate if some Masters of the Universe can take 10'000x leveraged bets on it?
a lot of ZH's articles are about broken markets, aren't they? and the role of the FED in tandem with the megabanks (funnily, some Tylers do still like the mega-hegde-funds, though)
I'll work backwards again --
In the 51 years of the DMarks existance it was shacken like a rat once in the 50s. Thereafter it got too powerful, too many other people have vested interests in the life & stabililty of the DMark and left it alone. The PIIGS+France got the shit beat out of them constantly. To think that somehow a new DMark or Neuro would have the stability of a Llira is ridiculous. Quit living in "without the EUR life will be horrible" fantasyland.
I am a fan of hard and strong currencies. Think about it -- if having a weak currency was the key to economic success -- Zimbabwe would be the wealthiest nation on the planet. It isn't however, its a POS. One of the strongest currencies in the world right now the CHF as well as the Nordic Kroner also belong to some of the wealthiest countries in the world. Anyone who advocates for a weak currency is an idiot.
You can have a hard currency in a growing economy quite easily. See the DM from 48-99. The currency strengthened the entire time all the while growth was increasing along with the strengthening of the currency.
To assert that the way people collectivly look at money isn't part of a culture is so beyond ridiculous, I have a hard time you even believe what you are writing.
I assert, for example, that the experience of the Weimar Hyperinflation changed the "monetary culture" of the Germans themselves
further, I applaud your efforts, and that you did pick up one instance where the DM was getting into external troubles
the CHF was firmly anchored to the EUR until recently, remember? anchors and monetary area sizes, both are relevant...
... as well as monetary allies. which leads me to how the EUR was finally born: when even the BuBa had to agree with it's closest monetary allies... BankItalia and the Banque of France
all in all, it's very simple: a gold standard would be a solution to all this. now, who is against that? answer: neither the Banque of France nor the BundesBank nor BankItalia, and note their aggregated hoard of the evil relic from ancient times
and so we have the "next best thing", and "try to do the best out of it". imho you are barking up the wrong tree, but that's only an opinion
meanwhile... currency wars ongoing
The CHF was anchored to the EUR for 3 years -- not eternity. It was anchored to the EUR to keep it weak -- not preserve its strength.
Bad example on your part.
I don't think so. You seem to think that a currency become better the harder it gets. IMHO history shows that if a currency becomes too hard, it get's rejected by it's currency zone
you seem to think that moar of a good thing is better. I think in terms of price stability
why? because I am an entrepreneur. my favourite currencies are the stable ones, which facilitate price calculation. on which I depend
you, on the other side, seem to want something that goes "WOOSH!" up like a rocket. not my view of a good monetary servant of the real economy, more something of a good bet for casino market speculation
so in my view, the CHF went into hiding so that it could continue to exist. as a currency serving an economy that produces something. which leads me back to the price lists I get from Switzerland: all in EUR
" No I don't think there is EUR tyler " . Wrong ghord . Tyler is Bulgarian and Bulgaria is an European nation . Forgot it perhaps .
You know people go missing from this place for a reason, Mr. Unforgivable Sin, yours is coming shortly, you seem a tad anxious about missing out, and when I teach the boss, I expect to be well compensated.
8
Wait till the robots arrive thats's when the fun really starts!
Yeah...Tyler's got laid earlier than usual.
What's your excuse? Pullin' the pud this time of day in Europe is a No-No.
Or are you just 'bangin' head' as usual....time-zone égalt?
btw, Cheers & Greetings from Sweden
Save the SAABs!
They're an endangered species.
My excuse is she kicked me outta bed again for banging her twin sister next to me.
Oh if only I had that problem again!
And what's YOUR excuse living in a country filled with absolutely beautiful horny blonde women!?
Of course they do know how to use a golf club when they get angry...
Kul (svenska/swedish).....for am.slang COOL.
Kulor, with an R means, BALLS in swedish.....can even mean MONEY too.
;)
You got balls/kulor Headbanger.
Double-or Nothing is always.....a good bet....bed....2-for-the-price-of-1.
Anyway, I've owned 2 SAAB:s....great in winter weather driving.
But, they fuckin' rust...& even leak.
Saab was a great car with super-innovations before motherfuckin' GM got involved.
The fuckin' yankee GM MF's....stold all of the unique designs....like the turbo.....& fucked the swedes royaly.
Typical 'yankee screw job'. Flash-some-Cash...&...fuck the natives. That's like 30 years ago...when it 'worked'.
Now the usdollar is .....soon fucked......
"/:{:$: Better Days are Here Again.....(chorus/repeat)......".
Agree! GM fucked SAAB over.
I find it amnazing that almost every car manufacturere is basically making SAABs today as they're all front wheel drive !
Except BMW & Mercedes still making RWD for the most part.
Even Volvo makes "SAABs" now!
Anybody who would have said that 40 years ago would have been called a lunatic.
Who wouldn't want a car that has the ignition switch where the cup holder should be?
.....great to know, you know, somethin' about SAAB's Headbanger.
Kudos.
The tech-trip, with computers & cars owe alot to Sweden, actually.
Swedes did, & do, fantastic innovations......by......necessity.
I'm old...& know a few things.
Innovation comes from.....free intellect.
Regardless what 1 reads & hears.....dynamo exists/existed here in Sweden since the, let's call it the '50's.
China, took over, around 10-15 years ago, after the nwo-khazarian us mafia started their....takeover.....stealing everything with A......"Fist Full of Dollars[clint eastwood]"....shoot-out.....with -(minus) value petrodollars.
Personally, I'm lookin' forward to the 'COLLAPSE' there in the usOFa.
Stealing 'Intellectual Rights' is/has been the #1....perpertration......THEFT.
Bye-Bye 'merikkka.....a new World, without the con-, is comin'.
...the MF's from the IMF-EU Commission-WallSt/CIA bankers really have fixed the chess board for a large annihilation.
Too many kids-teenagers runnin' around in the World.....wipe 'em out in the coming WWIII scenario.
I see alcohol and ciggies are holding up Euro inflation figures.
What a recovery!
it's food, alcohol and tobacco
Oh thank Christ food is getting more expensive!
just noting that food is somewhere around 85% of that category. me, I'm not a fan of "inflation because inflation is a good sign"
for classical economists, inflation is a sign of "overheating". for the damn Neo-Keynesian Cargo Cultists, that kind of fever is a sign of good health, to the point that they ask central banks to induce fever, I mean inflation as such. the usual "taking symptoms for root causes" idiocy
sometimes I feel like I'm the last Mohican, here. I mean the last Austrian School proponent on this blog
I don't think most people here don't know the difference between Austrian & this new bastardized Neo-Keynesian economic theories.
You're an interesting mixture of thought processes Ghordo.
Ooh, ooh! Me, me! I do! I do! Pick me!
Ghordo, if your an Austrian apostle, then I'm the King of France. Be honest now, late at night, when nobody's watching you break out the candles and worship at the altar of aggregate demand, just like the rest of them. You know you do.
He a stooge trying to think of his next act.
I see myself as a disciple of Carl Menger. The Austrian School sees him as the founder, which is fine for me. Having said that, most economic thought are approximations, simplifications
Humans are more complicated then theories, imho. But yes, I am available for challenges on what I write here on this blog. Do you have a challenge? ;-)
I, for my part, challenge NoDebt to find anything I ever wrote on ZH that that comes even near the "altar of aggregate demand"
Wait, wait, I got this. I challenge you to grow a sense of humor. Or at least put fresh batteries in your satire detector.
Why do dogs bark? Why do birds fly? For the same reason I can't help but have fun with committed socialists. It's just a reaction I have. I can't help myself. And don't try to tell me you're not a socialist because that one won't fly.
I symphatize with socialists. Hell, I even symphatize with fascists, communists, anarchists of any stripe, in short with all criticism coming from the... edges
why? because the best criticism comes from there. extremists are extremely valuable in finding out what the heck is happeing, and who is hurting
and socialists are very good in showing who is hurting. there are a lot of reasons to listen to socialists
which is not the same as being one. or thinking that socialists have good solutions to the problems they are very good at pointing at
In fact, I'm the quintessential centrist. My political ground is the Middle Ground, "where things can be done"
and this, of course, means I get attacked from all sides. that's the price for it
So you follow your god and i'll follow mine, as i said before, you will be proved to be on the wrong side of nature my friend. The solution for a few citizens will come from a God you don't believe in.
LoL, that's funny shit.
He's an accident waiting to happen.
Are U allowed to say, "Mohican"?
It's not a shortage of food surely, what happened to all the surplus, all that stuff not now going to Russia. ;-)
'Ghordius
Vote up! 1
Vote down! -1
it's food, alcohol and tobacco '.................................
___________________________________________________
..............Gordie, you're normally on top-of-things.
U forgot that whores & coke are now 'included' in the GDP, among others, the peddies in the UK.
Blow & Blow....united [k].
"For anyone asking why Europe's politicians are terrified at the anti "austerity" wave that is just over the horizon, the table above should have all the answers."
there is little causal/direct link between the "anti-austerity" movements and the youth unemployment in the southern european countries
ah, I bang my head too often on this particular ZH "recurring meme", which would look differently on the charts if they would go back to the 80's, or would take in account the socio-economical structure of those young unemployeds, mostly living in very traditional extended family settings, and often working, just not officially
mhhh... so Tyler is expecting a mild inflation to come in the eurozone, thanks to Q€? now that would be "good news", and one reason to stop this idiotic manouver which has the chief scope of "shutting some people up" and increase the monetary firepower of the national banks of the eurosystem. we'll see
I'm certain, if superimposed upon that graph, were a chart of good jobs drawn up, there would be a line from northwest to southeast.
The clear fact from all the folderol about Unemployment, is this: Production of goods and services can no longer be used to measure one's place in the world, either for income or prestige.
Those in government at the top already are aware that unless the government creates jobs of some real utility----worldwide---- poverty will flourish.
The growth of government is assured and at some point they will begin the task of creating tens of millions of jobs in Infrastructure, the utility grid, a comprehensive energy program to eventually replace oil and other fossil fuels.
They are likely waiting to do so until the people are past desperate in sufficient numbers that they cry out for the government to help them. A power ploy if ever there was one.
That no POTUS till the present will come right out and use his/her office to force congress to authorize the machinery needed to make this a top priority, using the FED to print the money to get this done, to turn the FED's single purpose thus far to assure the progeny of a bunch of New York Jews their wealth for generations beyond measure, back to the people and their self worth.
The politicians who use what power they have, and the lobbyists begin the work of a P R onslaught to obtain government funding for the corporations they shill for, to begin the construction, utility, and energy programs essential for the future, are going to be regarded as saviors.
One wonders why not one of them will step forward, with a majority of votes behind them, and get this done.
Are you talking US or EU ,, you mention POTUS ?
They are likely waiting to do so until the people are past desperate in sufficient numbers that they cry out for the government to help them
Already happening in the EU, so far no answers from the top to help the bottom though. Also no shortage of opprtunities for investment in some places though, I'm looking at offers in Latvia that round up to 100 million euro, 20 milion for port improvment in Riga alone.
>They are likely waiting to do so until the people are past desperate in sufficient numbers that they cry out for the government to help them
I have a completely different take on this. What better way to rebuild a country's infrastructure than by having a populace willing to work for pennies on the dollar and a hot meal? Of course, here in the US, they completely screwed this up by not letting things fail, and issuing EBT cards to mask the ongoing depression/recession. Another mistake that goes along with this is you have a whole generation of completely unskilled individuals.
:/ -
Training too will profit from the eventual move to get the workers skilled in the work that needs doing. The money paid to the new workers should be high enough after taxes to make working at good jobs attractive to most people who desperately need the money, or are motivated to do more than subsist.
I think most people need to work simply for something to do with their time, otherwise they will go nuts. Sure there are millions who who want nothing more than getting by, but there are tens of millions who want more out of life than that, and are willing to work for it.
U.S. mainly but any country that can print itas own currency has an advantage. That's one reason the Euro is too centralized to accomplish this in EU.
It takes nearly a generastion for the big jefes to be lined up to profit from the work that needs done, whose ox is gored, who gets the contracts, and all the bribery, extortion, and other crimes committed to get the lion's share of the money.
Youth unemplyment in Greece is in reality over 80% given that the wages paid to youth are not enough to rent a place or raise a family. The youth are forced to live at home and off their parents to make ends meet and quite often are not paid for two or three months.
But Greece is not the only example of this situation. It is a world wide phenomenon.
it's also an old phenomenon, in the South of Europe. to the point that in some places, the New Way Of Life of getting early an own place and setting up a nuclear family very early... never really caught on
as a reminder, this has also a lot to do with the housing industry, and how many subsidies it gets, directly and indirectly through special tax treatment and special banking arrangements
calculate, for example, how much the American setup costed, in the last 50 years, including Fanny Mae and Freddy Mac
then have a look at housing in the other English-speaking countries, from the UK to Canada to Down Under
"My Home Is My Castle" was one of the most expensive socio-cultural-fiscal-banking exercises of central planning ever done... and the majority of English-speakers still don't realize it
You are so Booker T I don't even want to wake you UP.
Ghordius, "My home Is My Castle" may be used nowadays relating to the paper value of a piece of real estate, but in England it used to have a much older and more important meaning:
"An Englishman's Home is His Castle"
A man's home was a refuge from interference by The State. Nowadays, any number of gov arraratchiks have a legal right to enter your home to check up on what you're doing, eg: are you using too much butter on your toast in the morning etc.
smacker, +1, yes, fully agree. nice to read from you again. too bad renters had historically less protection from both state and landlords
Thanks, I've been in Curitiba-Paraná, Brazil for a while.
I think by "renters" you refer to what we call Leaseholders in Britain. These are people who buy a property on a long lease (typically) an apartment. They think they've bought the apartment but in law they have bought a Lease to use it for a specified period (typically 99 years). They are financially crucified by their Landlords and the Managing Agents employed to maintain the building etc. I have long said that the concept of Leasehold should be abolished and all Leasehold property converted into Joint Freehold like everywhere else in the world. But since large parts of London are owned by high-ranking-royalty-connected Landlords there isn't much chance of that happening.
Always lying with the same statistics...
At least in Germany the unemployment rate is above 10%, but due to "excluding 3 million people by definition" you got something below 5%, as requested.
I dont understand the STUPIDITY of this statistic
I thught "youths" were supposed to be in school or taking worthless university degrees one after another until they are 30.
So if they are in school WHAT'S THE FUCKING SHOCK ONLY 50% ARE EMPLYED ?
What consumes me is that by now with the crisis I was expecting already the streets lined with 18-20 year old beautiful girls willing to take your load for 10-20 euros (Like in 3rd world)
WHERE ARE THEY ?