any more use of z and h in words that dont have them in willl be banned



itz not cool and itz not funneh

haha, it's like too separate awesome videos. all out of rep.

tl;dr of the entire euro situation: a sovereign government borrowing in a foreign currency is retarded

yeah gob move it wherever you want

I agree with you otter. But that could be circumvented, or not? Why would be the private banks be able like today to borrow over 500 billion Euros at 1% rate from the ECB, and lend it to say Portugal at 6%?

Why couldn't Portugal itself borrow at 1%? Ok it wouldn't make the governments responsible about spending, but it's not like private banks are responsible either with their 30:1 leverage ratios.

Idk if someone is broke lend him at fucking 1% so he can recover, don't raise the rate that's just common sense.

Looks like nothing was learnt from subprimes.

OK OK IT JUST BEGUN HERE

N1



French president sarkozy stepping out of his usual environment (Paris XVI and Neuilly) , without his 1000 policemen and hundreds fans faces the real people of France and has to retreat in a pub, circled by the crowd and has to wait for a 300 anti riot squad to evac him. lulz.

Brave, brave, brave, brave Sir Sarkozy.

europroblems

literally

Sovereign government shouldn't need to borrow currency, period. Money should be created by the government interest free, rather than by private banks(through fractional reserve system) who charge interest out of something they create by pressing enter on a keyboard.

It used to work that way in France, but the politicians themselves were pushing the print button to satisy the people who elected them (and those not in charge promised a lot of printing to get the power), hence why it changed.

It can only work if the printing is regulated by someone else than the government itself because it leads to abuse.

Can you tell me when and how long did it work like this in France and when it got changed?



I disagree, you can regulate it by making laws. I'm not suggesting politicians should have limitless power to decide how much money they put into circulation through government projects etc. The amount of money should be balanced with the size of the economy. It is not an easy or a problem free system, but there are several suggestions how to implement it and it would be a stable system in long term unlike the current system which creates bubbles and concentrates wealth and power to the banks.