Is the end nigh for the Euro? [vol. 3]
Discussion
fblm said:
Digga said:
France is a lovely country and I suppose the nature of the beast does help keep it that way...
Indeed, driving through much of France it's hard to beleive there is even a small fraction of the economic activity of the UK, let alone more, that's why it's so nice!Andy Zarse said:
We stopped overnight in the centre of Caen on the way back from Le Mans this year. At 9am it was almost bloody dead. What do these people do all day except hang around the station selling drugs?
I've been in the Centre of Derby at 9am when it's almost empty. The only places open before 9am are the coffee and cake outlets. It's been like that for some years but seems to be getting less and less active.Marginally busier by 11am - but not much. Mostly retired people, professional window shoppers and the terminally bored with young children.
I assume that's why the local council are putting up what look like residential buildings on what used to be an open pathway/carpark just the other side of the road from the main shopping centre. Got to persuade people to be in the centre somehow.
On the other hand driving out of Caen at 8am last September the Autoroute was rather busy, especially inbound from the East. They must have been going somewhere. It's not a way one would choose to spend the start of the day.
Andy Zarse said:
£10 says Hollande's response will involve higher taxes!fblm said:
Andy Zarse said:
£10 says Hollande's response will involve higher taxes!Actually, Hollande does not and cannot have any response. He's caught between the unions and his public sector supporters on one side and cold hard economic reality on the other. If he clamps down on spending and swings the axe his pieds ne touchent pas l'etage.
In any event with a quickly contracting economy, static wage levels, high unemployment and borderline disinflation, it seems clear sharp spending cuts now will only make matters worse overall. This is a position one must imagine Greeks everywhere, having had such medicine imposed by a strutting Sarkozy, will be laughing their socks off about. No, it's clear France has missed the boat, and Hollande knows it. He's end-gamed himself and is praying Macawber-like for a miracle; it ain't coming.
Edited by Andy Zarse on Thursday 10th July 15:50
fblm said:
Andy Zarse said:
£10 says Hollande's response will involve higher taxes!Perik Omo said:
Spain introduced an tax on bank deposits today.
"The state tax on bank deposits will have a levy of 0.03%, as announced today the Deputy Prime Minister Soraya Saenz de Santamaria."
Who's next, France maybe?
Is there anything left to tax? Cashpoint tax maybe? Cant think of anything else.."The state tax on bank deposits will have a levy of 0.03%, as announced today the Deputy Prime Minister Soraya Saenz de Santamaria."
Who's next, France maybe?
Funkycoldribena said:
Perik Omo said:
Spain introduced an tax on bank deposits today.
"The state tax on bank deposits will have a levy of 0.03%, as announced today the Deputy Prime Minister Soraya Saenz de Santamaria."
Who's next, France maybe?
Is there anything left to tax? Cashpoint tax maybe? Cant think of anything else.."The state tax on bank deposits will have a levy of 0.03%, as announced today the Deputy Prime Minister Soraya Saenz de Santamaria."
Who's next, France maybe?
Digga said:
fblm said:
Andy Zarse said:
£10 says Hollande's response will involve higher taxes!
DJRC said:
Its a very very divided Europe at the moment. Germany is economically so divorced from elsewhere it isnt funny. My other port of call Italy is in a v funny position. The lack of optimsm, the air of discontent, of malaise is just depressing.
Silvio had his conviction thrown out and can run for public office once more...Who said P2 was dead?
And it's all going so well in Italy too.: http://mobile.reuters.com/article/idUSKBN0FB0EB201...
Reuters said:
The Italian state owes some 75 billion euros ($102 billion)to private suppliers, according to the most recent data from the Bank of Italy. The unpaid bills have starved companies of cash and triggered layoffs, factory closures and bankruptcies.
Below is from my post of 8 July... I wondered how long until the guys at the wheel in the US finally woke up. To be fair, the US has some of the highest corporate taxes in the developed world, so it's hardly a surprise the big multinats avoid them. Obama can shout and holla' all he likes, the tax dollars ain't coming home to mama until there's a substantial tax cut.
Andy Zarse said:
According to the Irish Finfacts website:
Microsoft had 99,000 employees worldwide in June 2013 and less than 700 at its Irish operations company which was responsible for 24% of global revenues! In 2013, we estimate that Google, Microsoft, Oracle and Facebook combined, were responsible for about €41bn of services exports and adding €6bn for other firms in excess company charging would give a total estimate of €94bn or 50% of services exports being tax-related or effectively fake.
Microsoft had 99,000 employees worldwide in June 2013 and less than 700 at its Irish operations company which was responsible for 24% of global revenues! In 2013, we estimate that Google, Microsoft, Oracle and Facebook combined, were responsible for about €41bn of services exports and adding €6bn for other firms in excess company charging would give a total estimate of €94bn or 50% of services exports being tax-related or effectively fake.
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff