jdun said:
Greni said:
jdun said:
You will see how bad welfare states are soon enough when the Europeans goes 3rd world.
The Europeans are broke. So broke that they will probably go 3rd world. That's what happen when no one produce wealth and everybody spending money like drunken sailors.
I'm afraid that you have a wild misconception about what a 3rd world country actually is.
Also talking about "Europeans" as an indistinct whole makes me giggle.
It funny to see Europeans on Escapist that think they are so smart yet they don't know a damn thing.
When Europeans BEGS DEVELOPING and POOR countries for MONEY, what that tell us? When all the major European corporation deals in US dollars and only used Euro when they have to, what that tell us all? When smart Europeans decided to exchange Euro for dollars and get their money out of Europe what that tell us all?
The Europeans are broke because of their welfare state. They now have to beg for money to paid for their debts. The problem is no one is lending them any more money. Without money no welfare. Without money there is no service. Without money Europeans will enter 3rd world status.
Don't pretend you know more then I do.
Well that was a FABULOUS rant ol' chap, but I'm AFRAID that you are MISTAKEN on a few things in your POST I am quoting. Now I'll stop making fun of you randomly writing in all caps.
It funny to see Europeans on Escapist that think they are so smart yet they don't know a damn thing.
I'm not sure how to respond to that, or how that is even relevant. All I can say is "okay, I haven't noticed". Moving on.
When Europeans BEGS DEVELOPING and POOR countries for MONEY, what that tell us? When all the major European corporation deals in US dollars and only used Euro when they have to, what that tell us all? When smart Europeans decided to exchange Euro for dollars and get their money out of Europe what that tell us all?
A really poor way of making a point is bombarding facts without citing any sources. Which 'Europeans' (Countries? Companies? Individuals?) are begging which poor and developing countries for money? Which corporations only deal in the euro when they have to and in US currency otherwise? (And as a site-note: Not all European countries use the euro, Wikipedia has a good article)
The Europeans are broke because of their welfare state. They now have to beg for money to paid for their debts. The problem is no one is lending them any more money. Without money no welfare. Without money there is no service. Without money Europeans will enter 3rd world status.
Now to tell you straight up, I'm from Iceland. We don't use the euro. We were hit early and hard by the financial crisis but the fact that we are a welfare state, and a pretty rigorous at that, had absolutely nothing to do with our crash. The main reason was foreign expansion by companies and (mainly) banking branches to (again mainly) Britain and the Netherlands but not enough money to back it all up. Furthermore during investigation on the matter there were quite a lot of lobbying fat cats revealed to be getting rather greedy in our times of luxury. Evading tax and using all the tricks to basically get richer by dirty means.
And to tell you the truth, we seem to be recovering rather quickly. We evaded going on the European Union yacht when it seemed reasonable and sure enough that turned out to be little more than painted cardboard and started to sink.
I can't obviously tell you how our neighbours are doing firsthand but from where I'm sitting it seems to be nowhere near as drastic as you might think. Now get off your USAmerican high horse, as it seems to be shrinking with every year, (glass houses and all that) and join us in reality. It's actually quite nice.