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<blockquote data-quote="klein" data-source="post: 760041" data-attributes="member: 23950"><p>I am fully aware of Greece, the last country to join the EU, that shouldn't have been able to get in it, at the first place, but did so, by fixing, (falshifying), their financial books.</p><p>Spain & Portugal, oh well, they will need to tighten up a little. I believe their books still look better then Californians !</p><p>Sorry, I don't watch fox news, so I don't get that propaganda news that the EU is of the brinks of falling apart, and european style socialisum doesn't work.</p><p>Thats what they claim about their healthcare, too, which according to the UN, France has the best, and costs less then half of what Americans pay, and everyone is insured.</p><p> </p><p>I lived and worked in Germany for 14 years (the old Germany before reunification). Jobs were plentyful, and unemployment maybe at 4% max.</p><p>Ofcourse, all that changed with reunification. They had to "adopt" over a quarter of their population, that had outdated factories (that needed to be shut down), including schools and hospitals, and so on.</p><p>Most of all of East Germany became unemployed almost overnight.</p><p>Besides, all that, pensions were being paid out to people that never paid a dime into the west german fund, as well as unemployment monies.</p><p> </p><p>So, yes, Germany did take a beating, but still standing tall. Probably one of only a very few nations on earth that could accomplish that. </p><p> </p><p>The most remarkable recovery since the recession comes from Austrailia, Canada on 2nd spot.</p><p>Mostly due to the strict bank regulations both countries have in place. - No money got lost there, and also no housing bubble.</p><p> </p><p>You should really get out there, and travel more.</p><p>You won't see ghetto / slums in any European, Australien, or Canadian City.</p><p>Only place in the western developed world or G8 is in the US.</p><p> </p><p>The other difference is, Europe will get out of this, and actually already has much more, then the US, because they tackle the problem.</p></blockquote><p></p>
[QUOTE="klein, post: 760041, member: 23950"] I am fully aware of Greece, the last country to join the EU, that shouldn't have been able to get in it, at the first place, but did so, by fixing, (falshifying), their financial books. Spain & Portugal, oh well, they will need to tighten up a little. I believe their books still look better then Californians ! Sorry, I don't watch fox news, so I don't get that propaganda news that the EU is of the brinks of falling apart, and european style socialisum doesn't work. Thats what they claim about their healthcare, too, which according to the UN, France has the best, and costs less then half of what Americans pay, and everyone is insured. I lived and worked in Germany for 14 years (the old Germany before reunification). Jobs were plentyful, and unemployment maybe at 4% max. Ofcourse, all that changed with reunification. They had to "adopt" over a quarter of their population, that had outdated factories (that needed to be shut down), including schools and hospitals, and so on. Most of all of East Germany became unemployed almost overnight. Besides, all that, pensions were being paid out to people that never paid a dime into the west german fund, as well as unemployment monies. So, yes, Germany did take a beating, but still standing tall. Probably one of only a very few nations on earth that could accomplish that. The most remarkable recovery since the recession comes from Austrailia, Canada on 2nd spot. Mostly due to the strict bank regulations both countries have in place. - No money got lost there, and also no housing bubble. You should really get out there, and travel more. You won't see ghetto / slums in any European, Australien, or Canadian City. Only place in the western developed world or G8 is in the US. The other difference is, Europe will get out of this, and actually already has much more, then the US, because they tackle the problem. [/QUOTE]
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