Euro economic picture pretty sad compared to U.S.

[Mursilis]

Originally posted by: ReiAyanami
yeah, the euro weenies economy sucks so much, i still can't figure how the Euro appreciated over 50% against the dollar (from .8 to 1.25:$1) in just a few years

their governments like to tax businesses out of existence but they are still doing a better job of balancing the budget than we are.

Well actually, they're not. Germany and France are both facing the same kind of financial crush we'll soon be facing - too many old people drawing benefits from the system, and too few workers paying into it. Gov't spending in the EU is already 48% of GDP (on average), and will surely climb rather than fall. Plus, economic growth in the Euro zone is barely half that of the U.S., so good luck growing out of debt, Europe. Here's a good summary of Europe's economic troubles, courtesy of Robert Samuelson.


The European Predicament

And this is the direction Kerrey wants to take us? No thanks.

 

[LordMagnusKain]

The US Unemployment rate is likely very close to Canada's, if the US used the same definition of "Unemployed". The US only Calculates for those looking for work, Canada and Europe Calculates according to whom is Employable.

that is a false statment.

 

[sandorski]

Originally posted by: LordMagnusKain

The US Unemployment rate is likely very close to Canada's, if the US used the same definition of "Unemployed". The US only Calculates for those looking for work, Canada and Europe Calculates according to whom is Employable.

that is a false statment.

Already covered. 😉

 

[freegeeks]

Originally posted by: XZeroII

Originally posted by: freegeeks

Originally posted by: AEB
I dont think they will be better, because they really cant act as independant bodies anymore. If one country makes a really bad move the value of the euro could fall all over. As to the question of why the euro is "worth" more is simply because there is a lot more US dollars in the world economy than the EURO. But i wager our dollar is still worth more in russia, conversion rate means little to most people, its the usefulness

yeah right

In july I'm going to Russia on vacation. The Russian organisation that takes care of my reservation doesn't want your stinking dollars anymore.

from their site


News:

January 8, 2004. - Price correction of 11-day tours. From now all prices are in Euro.
US Dollar purchasing power dramatically falls in Russia. Since March 2003 we considered Euro equal to US Dollar in most cases and accepted US$ payments accordingly, but now we can not ignore the process.

All prices and payments since January 1, 2004 are in Euros. Any other currency characters may be seen on the web site and in our correspondence by mistake only. Sorry for the possible confusion we are hunting for bugs in our templates but still have some misprints.

so far for your little theory

You: What's your point
Me: Just out of your grasp

LOL, is that the only thing you can say

AEB did a statement

I proved hem wrong!!!!

 

[RabidMongoose]

Originally posted by: freegeeks

Originally posted by: XZeroII

Originally posted by: freegeeks

Originally posted by: AEB
I dont think they will be better, because they really cant act as independant bodies anymore. If one country makes a really bad move the value of the euro could fall all over. As to the question of why the euro is "worth" more is simply because there is a lot more US dollars in the world economy than the EURO. But i wager our dollar is still worth more in russia, conversion rate means little to most people, its the usefulness

yeah right

In july I'm going to Russia on vacation. The Russian organisation that takes care of my reservation doesn't want your stinking dollars anymore.

from their site


News:

January 8, 2004. - Price correction of 11-day tours. From now all prices are in Euro.
US Dollar purchasing power dramatically falls in Russia. Since March 2003 we considered Euro equal to US Dollar in most cases and accepted US$ payments accordingly, but now we can not ignore the process.

All prices and payments since January 1, 2004 are in Euros. Any other currency characters may be seen on the web site and in our correspondence by mistake only. Sorry for the possible confusion we are hunting for bugs in our templates but still have some misprints.

so far for your little theory

You: What's your point
Me: Just out of your grasp

LOL, is that the only thing you can say

AEB did a statement

I proved hem wrong!!!!

I don't think that you understood what he's trying to say.

 

[freegeeks]

Originally posted by: RabidMongoose

Originally posted by: freegeeks

Originally posted by: XZeroII

Originally posted by: freegeeks

Originally posted by: AEB
I dont think they will be better, because they really cant act as independant bodies anymore. If one country makes a really bad move the value of the euro could fall all over. As to the question of why the euro is "worth" more is simply because there is a lot more US dollars in the world economy than the EURO. But i wager our dollar is still worth more in russia, conversion rate means little to most people, its the usefulness

yeah right

In july I'm going to Russia on vacation. The Russian organisation that takes care of my reservation doesn't want your stinking dollars anymore.

from their site


News:

January 8, 2004. - Price correction of 11-day tours. From now all prices are in Euro.
US Dollar purchasing power dramatically falls in Russia. Since March 2003 we considered Euro equal to US Dollar in most cases and accepted US$ payments accordingly, but now we can not ignore the process.

All prices and payments since January 1, 2004 are in Euros. Any other currency characters may be seen on the web site and in our correspondence by mistake only. Sorry for the possible confusion we are hunting for bugs in our templates but still have some misprints.

so far for your little theory

You: What's your point
Me: Just out of your grasp

LOL, is that the only thing you can say

AEB did a statement

I proved hem wrong!!!!

I don't think that you understood what he's trying to say.

that's also possible, my English sucks
for me its sounds negative against my statement but like I said I could be wrong

can you explain what he meant to say

thx

 

[LordMagnusKain]

Originally posted by: freegeeks
I couldn't care less about your little statistics as long as I have my 40 days of paid vacation!!!!

If you didn't have 40 days paid vacation mandatory you could get paid vacation based on what you are worth to your company, this would reduce unemployment and make the money you earn capable of getting a lot more for you.

You could have a higher overall standard of living, and you could save more, and need less, for retirement.

 

[freegeeks]

Originally posted by: LordMagnusKain

Originally posted by: freegeeks
I couldn't care less about your little statistics as long as I have my 40 days of paid vacation!!!!

If you didn't have 40 days paid vacation mandatory you could get paid vacation based on what you are worth to your company, this would reduce unemployment and make the money you earn capable of getting a lot more for you.

You could have a higher overall standard of living, and you could save more, and need less, for retirement.

I don't have mandatory 40 days of paid vacation. I actually have 27 days of paid vacation and the company gives 13 extra days (compensation etc...) because they think I'm worth it. Where I live there is a minimum of paid vacation by law (22 days) and it's up to the companies to decide if they want to give more

Who am I to say that I don't want the extra days they give me ...

I'm happy with my standard of living so working more just to have more is no option for me.

 

[DivideBYZero]

( /0 looks around at the standard of living in his country) Yep, not bad. Your point HeartSurgeon, you USWEENIE 😛

FYI: US, Japan, Germany, UK, France, China and Italy -these were the 7 biggest economies in july 2003, in that order.

4 out of the 7 are 'EuroWeenies'. Must be pretty bad here then. Tell you what HS, just promise never to visit, or care about Europe. Just settle down and enjoy your charmed life, k? It's not called a rat-race for nothing...

 

[heartsurgeon]

DivideBYZero

You are Brit, not Euroweenie, your economy is actual better than most as well.

USWEENIE

Actually, I am Yankee, and my President is Cowboy.

 

[AEB]

When you goto russia you will see how valuable the dollar is, they have to pretend, by law, that they only want the EURO or the Ruble but everyone wants the dollar. My brother went to russia and trust me they want USD

 

[RabidMongoose]

Originally posted by: freegeeks

Originally posted by: RabidMongoose

Originally posted by: freegeeks

Originally posted by: XZeroII

Originally posted by: freegeeks

Originally posted by: AEB
I dont think they will be better, because they really cant act as independant bodies anymore. If one country makes a really bad move the value of the euro could fall all over. As to the question of why the euro is "worth" more is simply because there is a lot more US dollars in the world economy than the EURO. But i wager our dollar is still worth more in russia, conversion rate means little to most people, its the usefulness

yeah right

In july I'm going to Russia on vacation. The Russian organisation that takes care of my reservation doesn't want your stinking dollars anymore.

from their site


News:

January 8, 2004. - Price correction of 11-day tours. From now all prices are in Euro.
US Dollar purchasing power dramatically falls in Russia. Since March 2003 we considered Euro equal to US Dollar in most cases and accepted US$ payments accordingly, but now we can not ignore the process.

All prices and payments since January 1, 2004 are in Euros. Any other currency characters may be seen on the web site and in our correspondence by mistake only. Sorry for the possible confusion we are hunting for bugs in our templates but still have some misprints.

so far for your little theory

You: What's your point
Me: Just out of your grasp

LOL, is that the only thing you can say

AEB did a statement

I proved hem wrong!!!!

I don't think that you understood what he's trying to say.

that's also possible, my English sucks
for me its sounds negative against my statement but like I said I could be wrong

can you explain what he meant to say

thx

I 'think' that he's trying to say that out on the 'streets' it's worth more. Not that I'm saying it's true or anything a I have no idea about Russia and this. It's kind of true about some other countries that I've visited (where the dollar was more favored and the conversion rate ignored), but that was before the Euro.

 

[freegeeks]

Originally posted by: RabidMongoose

Originally posted by: freegeeks

Originally posted by: RabidMongoose

Originally posted by: freegeeks

Originally posted by: XZeroII

Originally posted by: freegeeks

Originally posted by: AEB
I dont think they will be better, because they really cant act as independant bodies anymore. If one country makes a really bad move the value of the euro could fall all over. As to the question of why the euro is "worth" more is simply because there is a lot more US dollars in the world economy than the EURO. But i wager our dollar is still worth more in russia, conversion rate means little to most people, its the usefulness

yeah right

In july I'm going to Russia on vacation. The Russian organisation that takes care of my reservation doesn't want your stinking dollars anymore.

from their site


News:

January 8, 2004. - Price correction of 11-day tours. From now all prices are in Euro.
US Dollar purchasing power dramatically falls in Russia. Since March 2003 we considered Euro equal to US Dollar in most cases and accepted US$ payments accordingly, but now we can not ignore the process.

All prices and payments since January 1, 2004 are in Euros. Any other currency characters may be seen on the web site and in our correspondence by mistake only. Sorry for the possible confusion we are hunting for bugs in our templates but still have some misprints.

so far for your little theory

You: What's your point
Me: Just out of your grasp

LOL, is that the only thing you can say

AEB did a statement

I proved hem wrong!!!!

I don't think that you understood what he's trying to say.

that's also possible, my English sucks
for me its sounds negative against my statement but like I said I could be wrong

can you explain what he meant to say

thx

I 'think' that he's trying to say that out on the 'streets' it's worth more. Not that I'm saying it's true or anything a I have no idea about Russia and this. It's kind of true about some other countries that I've visited (where the dollar was more favored and the conversion rate ignored), but that was before the Euro.

ok, that seems plausible

thx for explaining

 

[freegeeks]

Originally posted by: AEB
When you goto russia you will see how valuable the dollar is, they have to pretend, by law, that they only want the EURO or the Ruble but everyone wants the dollar. My brother went to russia and trust me they want USD

I tell you if that is true or not when I'm back in july but I seriously doubt it

people in these countries want currency that gives them buying power and for the moment the euro is king

why would my russian travel agency only accept the euro for the moment??

can you explain that???

 

[AEB]

the government

EDIT: They aren't supposed to take USD because it ruins their economy more, but they do. (the shopkeers and such not nessicarily the travel agency)