Redbaron Posted May 14, 2012 Report Share Posted May 14, 2012 The current problems also make it harder for them to entice England to join doesn't it? Pretty sure the UK is part of the EU - they just haven't taken the Euro on board. Link to comment Share on other sites More sharing options...
Steve Posted May 14, 2012 Author Report Share Posted May 14, 2012 Pretty sure the UK is part of the EU - they just haven't taken the Euro on board. Meant the currency. Sorry. Many eastern europeans and such have been making their way to England for the last several years via their being part of the EU now. Don't see the UK abandoning the pound and the ones who were against have a lot of ammo now. In hindsight, a bad or good idea that England didn't give up its currency? Link to comment Share on other sites More sharing options...
Dexi Posted May 14, 2012 Report Share Posted May 14, 2012 Good that we still have the £ - it allows more flexibility ie. can be devalued to make exports more competetive.Also allows QE by the B of E which should stimulate the economy ( although not much effect so far )If the UK had gone with the Euro we might be in the same mess that Portugal,Spain etc. find themselves in with soaring yields on govt. debt.Its about time the Euro beaurocrats admitted the whole single currency has been an experiment that has failed Link to comment Share on other sites More sharing options...
Redbaron Posted May 14, 2012 Report Share Posted May 14, 2012 I'm definately no expert in global economics, but AFAIK those that are - say keeping the pound was a good thing, and even predicted it would be a good thing when the whole Euro idea started way back. Link to comment Share on other sites More sharing options...
Steve Posted May 16, 2012 Author Report Share Posted May 16, 2012 Seems the new French president is not as into austerity as the German chancelor. Europe is a mess. Asia seems to be the region that may take over as the ecnonomically strongest region. China and Korea are doing much better than north America and Europe it seems and although Japan has been stagnant for a couple decades now they are still a powerful nation economically. Asia has the 2nd and 3rd largest economies and Korea is in the top 20. Vietnam is an emerging 'little Tiger', the Philipines are also a well kept secret. I saw a CNN show about how much it has grown during this world recession. Its taking a lot of the customer service, call center jobs that India is enjoying. Many Filipinos speak unaccented north American english. Link to comment Share on other sites More sharing options...
Guest lazyphil Posted May 16, 2012 Report Share Posted May 16, 2012 Seems the new French president is not as into austerity as the German chancelor. Europe is a mess. Asia seems to be the region that may take over as the ecnonomically strongest region. China and Korea are doing much better than north America and Europe it seems and although Japan has been stagnant for a couple decades now they are still a powerful nation economically. Asia has the 2nd and 3rd largest economies and Korea is in the top 20. Vietnam is an emerging 'little Tiger', the Philipines are also a well kept secret. I saw a CNN show about how much it has grown during this world recession. Its taking a lot of the customer service, call center jobs that India is enjoying. Many Filipinos speak unaccented north American english. i heard interviews with some portugese are moving to angola looking for work!! Link to comment Share on other sites More sharing options...
Dexi Posted May 16, 2012 Report Share Posted May 16, 2012 Wages have gone up by 500 % in China in the last few years Maybe the years of double digit growth are over Link to comment Share on other sites More sharing options...
Steve Posted May 16, 2012 Author Report Share Posted May 16, 2012 There is no way China can sustain their growth rate. Which is fine. They will suffer recessions. That is normal. America suffered a couple very, very bad economic collapses before we surpassed the UK as the world's biggest GNP at the turn of the last century. There were some very bad panics and the national bank system almost went under once if it weren't for a 12th hour save from a JP Morgan orchestrated bailout. Its the worlds 2nd biggest economy. Its not going away. Japan spent 20 years with a stagnant economy and remained the number 2 economy the whole time, missing out on most of the '90s boom in the interim. Asia has a lot of upside potential. Not much upside in Europe. America has a few cards to play like infrastructure but our politics or rather the influence on our politicians will keep us from progressing. We will need another sector boom like the '90s. Someone will have to come up with the next boom industry. Link to comment Share on other sites More sharing options...
kamui Posted May 16, 2012 Report Share Posted May 16, 2012 Seems the new French president is not as into austerity as the German chancelor. Europe is a mess. Asia seems to be the region that may take over as the ecnonomically strongest region. China and Korea are doing much better than north America and Europe it seems and although Japan has been stagnant for a couple decades now they are still a powerful nation economically. Asia has the 2nd and 3rd largest economies and Korea is in the top 20. Vietnam is an emerging 'little Tiger', the Philipines are also a well kept secret. I saw a CNN show about how much it has grown during this world recession. Its taking a lot of the customer service, call center jobs that India is enjoying. Many Filipinos speak unaccented north American english. Indeed, Europe is a terrible mess at the moment. If Greece falls and has to leave the Euro zone there is a great fear that other countries will follow Greece into the Abyss and that the Euro will collapse completely. At the moment among the major European countries only Germany seems to have some growth. German exporters have adapted to the chaos in Europe: exports to European countries fell while exports outside Europe rose and are rising... PS: The Greeks are not storming their banks yet, but millions of Euro have been taken out of the banks already in fear of the Drachme. The outlook for Greece is really bleak. No Greek political party was able to form a coalition for to form a new government. Now Greece will have a new election on June 17. Link to comment Share on other sites More sharing options...
Pom Michael Posted May 16, 2012 Report Share Posted May 16, 2012 If Greece and "others" leave the Euro - would not that make the Euro stronger? Link to comment Share on other sites More sharing options...
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