🇪🇺 Discussion: The European Union

Yep, Germany is pretty much going to do it.

Welcome to the 2 new SUPER POWERS of the world. Germany and China. The US is FAAAAAAAAAAAAAAAAAAAAAAAAAAAAAR behind. Our time is now passed.

Maybe we should look at what they are doing in their economies. hmmmmmmmm....
 
Recall all academics and intellectuals keep saying how awesome Europe is. How we should emulate them.

Hahahahahaahah

I love money and the natural laws of economics. Borrowing a million dollars to spend for a month is fun, but when the bill comes..... :awesome:

How do you like them apples :funny:
 
Recall all academics and intellectuals keep saying how awesome Europe is. How we should emulate them.

Hahahahahaahah

I love money and the natural laws of economics. Borrowing a million dollars to spend for a month is fun, but when the bill comes..... :awesome:

How do you like them apples :funny:


Yes, oddly enough the economies (LIKE GERMANY) that are doing the best, are pretty much moving the opposite direction of the US.
 
Yes, oddly enough the economies (LIKE GERMANY) that are doing the best, are pretty much moving the opposite direction of the US.

Germany's biggest problem is that it's too integrated with Europe. And when you have Greece, Spain, Ireland, Portugal, (and Iceland which is expected to join the European Union and adopt the Euro within a year or two) integrated with Germany, those weaker countries are going to drag Germany down.
 
The UK and the Netherlands were going to try and block Iceland joining europe if they didn't pay back the truck load of cash they owed. Iceland say they are gonna pay it back now though so its cool.

I wonder what would happen if half the countries with the Euro went broke?
what effect would it have on the other countries with the single currency?
 
Germany's biggest problem is that it's too integrated with Europe. And when you have Greece, Spain, Ireland, Portugal, (and Iceland which is expected to join the European Union and adopt the Euro within a year or two) integrated with Germany, those weaker countries are going to drag Germany down.

I totally agree, and I think they are even now, regretting their membership in the EU...
 
According to the AP, Europe has offered Greece 30 billion euros in loans to combat the country's financial crisis.
 
Yes at 5% and the market rate was 7+% interest. They almost had it at 6%. That is BAD. REALLY BAD. 3 year treasury yields are much lower than this..

They are going to be in more debt than the 30 billion euros, because they are probably going to borrow to cover for the interest.

AND whoever got Germany to join the European Union, is probably a very hated person just about now.
 
That is true :o. It evolved out of Treaties of Rome, and the centralization of the steel and coal industry in Europe... so one sense they were forced into it somewhat.
 
I didn't think GB was completely converted to the EMU anyway. Are they?
 
Sterling is British Pound, right?

So it's doubtful that GB would secede from using the Euro if they don't use it anyway. Kind of hard to secede from it if you don't use it I mean.
 
PARIS – France has declared war on al-Qaida, and matched its fighting words with a first attack on a base camp of the terror North African branch, after the terror network killed a French aid worker it took hostage in April.
The declaration and attack marked a shift in strategy for France, usually discrete about its behind-the-scenes battle against terrorism.
"We are at war with al-Qaida," Prime Minister Francois Fillon said Tuesday, a day after President Nicolas Sarkozy announced the death of 78-year-old hostage
Michel Germaneau.
The humanitarian worker had been abducted April 20 or 22 in Niger by al-Qaida in the Islamic Maghreb, and was later taken to Mali, officials said.
The killers will "not go unpunished," Sarkozy said in unusually strong language, given France's habit of employing quiet cooperation with its regional allies —
Mauritania, Mali, Niger and Algeria — in which the al-Qaida franchise was spawned amid an Islamist insurgency.
The Salafist Group for Call and Combat formally merged with al-Qaida in 2006 and spread through the Sahel region — parts of Mauritania, Mali and Niger.
Officials suggest France will activate accords with these countries to stop the terrorists in their tracks.
"It's a universal threat that concerns the entire world ... not just France or the West," Defense Minister Herve Morin said Tuesday on France-2 television. "We will support local authorities so these assassins and (their) commanders are tracked, judged and taken before justice and punished. And, yes, we will help them."
Algeria, Mauritania, Mali and Niger in April opened a
joint military headquarters deep in the desert to respond to threats from traffickers and the al-Qaida offshoot. U.S. Special Forces have helped the four nations train troops in recent years.
The United States said it would help the French "in any way that we can" to bring those who killed
Germaneau to justice, according to U.S. State Dept. spokesman P.J. Crowley.
"There is no religion that sanctions what can only be described as cold-blooded murder," Crowley said Tuesday.
Fillon refused to say how France would act. "But we will," he said in an interview with Europe 1 radio.
And perhaps it already has. On Thursday, the French backed Mauritanian forces in attacking an
al-Qaida camp on the border with Mali, killing at least six suspected terrorists. It is the first time France is known to have attacked an al-Qaida base.
France said it was a last-ditch effort to save its citizen, while Mauritania said it was trying to stop an imminent attack by fighters gathering at the base.
For the French, the move may have backfired. The al-Qaida group said in an audio message broadcast Sunday that it had killed Germaneau in retaliation for the raid. However, French officials suggested, however, that the hostage, who had a heart problem, may already have been dead. Even now, "We have no proof of life or death," Morin said.
"We can expect an increase in the French riposte," said Antoine Sfeir, an expert on Islamist terrorists who has traveled in the region.
An estimated 400-500 such fighters are thought to roam the Sahel region, a desert expanse as large as the European Union.
Despite meager numbers, the region's al-Qaida fighters pose a clear threat. Among the more recent victims, a British captive was beheaded last year and two Spanish aid workers were taken hostage in Mauritania in November. Spain is working to free them. Mauritanian soldiers also have fallen in numerous attacks.
The head of the French Institute of Strategic Analysis suggested the French government's rhetoric was normal.
"It's important to make that kind of announcement," Francois Gere said. "I think it's made of the same stuff" as former U.S. President George W. Bush's tough line on al-Qaida.
But "a government has to make clear it must respond strongly" while maintaining the discretion needed to ensure cooperation, Gere said. In the past France has been cautious because those governments don't want the appearance of interference from the West, he said.
Spain has maintained a low profile as videos by the al-Qaida franchise regularly call for the conquest of "al-Andalus" — a reference to the period of Muslim rule of much of Spain in medieval times
 
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Great so can we expect thousands of troops on the Afghan-Pakistani border from the French?

I won't hold my breath.
 
Great so can we expect thousands of troops on the Afghan-Pakistani border from the French?

I won't hold my breath.
While I wouldn't hold my breath, Sarkozy has been a lot more pro-American than previous French Presidents by reintegrating the French military into NATO and repairing ties with America that were frayed by his predecessor Chirac.
 
About damn time...
 
While I wouldn't hold my breath, Sarkozy has been a lot more pro-American than previous French Presidents by reintegrating the French military into NATO and repairing ties with America that were frayed by his predecessor Chirac.

They'll be frayed again if DeVillpien (or however its spelled) defeats Sarkozy in 2012.
 
What are everyone's thoughts on former British Prime Minister Tony Blair? I just saw that he came out with a book and is planning to donate the proceeds to charity. I like the guy...but he's long been rumored to be the british equivalent on George W. Bush.
 

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